(Notification) IDBI Bank : Chartered Accountants Post Recruitment-2019



(Job) IDBI Bank : Chartered Accountants Post Recruitment-2019



Posts Detail:

Grade

No of Vacancies

General

Reserved for

SC

ST

OBC

EWS

PWD

DGM (Grade D)

3

3

0

0

0

0

0

AGM (Grade C)

5

4

0

0

1

0

0

Manager  ( Grade B)

32

17

4

2

8

1

0

TOTAL

40

24

4

2

9

1

0

Educational Qualification :

Sr.No

Functional Area

Grade

Vacancy

Educational Qualification

Experience

1

DGM -

FAD

Gr.D

2

Qualification:    Graduation

with  first  class  in  any stream (preferably Commerce) from a recognized University and Chartered Accountant (CA).

Minimum 12 years’ experience as an

officer in commercial Banks/ FI(s) with an annual turnover of Rs.1000 crore and above (as per latest Balance sheet) and experience in preparing financial statements,

 

 

 

 

 

Post Graduation in any field

is desirable.

 

Additional Qualification: MBA, ICWA will be preferred.

supervision and control of accounts,

Financial accounting closing,  IndAS

implementation, etc.

Housekeeping;   RBI   returns;   monitoring   of   financial

accounting closing process, verification of capital computation and development of Internal Team.

3)  Understanding of  IndAS;    Review  and  Updation of policy papers; Co-ordination with different departments

for IndAS implementation; Preparing the financial statements as per IndAs.

4) Preparation of Budgets and projections ; Monitoring of Achievements vis-a-vis budgets; Co-ordinating with

various  Rating  Agencies;  Providing  information  and

complying with observations from Rating agencies; Assisting in raising of Capital; Liasioning with various departments like RBI, SEBI, Exchanges, DFs etc.

5) Preparation and supervision of Branch profitability data for quarterly basis; Analyzing and presenting Data to Management for Review of performance.

2

DGM -

Taxation

Gr.D

1

Min -

35 Yrs

Max. -

45 Yrs

Qualification:   Graduation

with first class in any stream (preferably Commerce) from a recognized University and Chartered Accountant(CA). Post Graduation  in  any field is desirable.

 

Additional Qualification: MBA, ICWA will be preferred.

Minimum 12 years’ experience as an

officer in areas of taxation and related issues in Income Tax and Department of Central Board of Direct Taxes (CBDT), out of which at least 10 years should have been preferably in Income Tax Department  as  an  Income  Tax Officer  or  Assistant  Commissioner of Income Tax (ACIT)  or Minimum

12 years of experience as an officer handling   taxation matters in large corporate/ Banks or FI(s) with an annual  turnover  of  Rs.1000  crore and above (as per latest Balance sheet).

1)         Analyzing   changes   in   Tax   Laws,   guiding   the

process of computation of all taxes and preparation of all   returns,   verifying   the   correctness   thereof   and ensuring filing of the same before due dates.

2) Handling all matter related to Income Tax, and other

Direct Tax matters.

3)  Handling of  all  matters  related  to  correspondence, Assessment Proceedings, Appeals, representing Bank, liaising, overall supervision and compliance etc.

4)  Guidance  to  the  Branches  on  Income  Tax  &  TDS

matters including all types of notices.

5) Preparation of SFT data and filing returns.

6)  Put  up  Comprehensive  MIS  related  to  ITAT,  High

Court and CIT (A) to top management.

7) Compiling Tax audit   information and coordinating with Tax auditors.

3

AGM –

FAD

Gr.C

3

Min -

28 Yrs

Max. -

36 Yrs

Qualification:    Graduation

with  first  class  in  any stream (preferably Commerce) from a recognized University and Chartered Accountant (CA).

Minimum 7 years’ experience as an

officer in Commercial Banks/ FI(s) with an annual turnover of Rs.1000 crore and above (as per latest Balance sheet) and experience in preparing financial statements,

1)    Accounts    Profile:    Preparation    of    monthly    /

consolidated financials, Risk based supervision (RBS) data, RBI Returns and assisting in IndAS conversion exercise, Monitoring freeze / unfreeze activities, Suspense  Account  monitoring,  control  on  office accounts, Analysis of financial statements,

 

 

 

 

 

Post    Graduation    in    any

field is desirable.

 

Additional qualification: MBA, ICWA will be preferred.

supervision and control of accounts,

Financial accounting closing,  IndAS

implementation, etc.

Co-ordination with statutory Auditors, RBI inspectors.

2) Balance Sheet Management Profile : Preparation of Quarterly segmental reporting, RBS data, Branch/ product   profitability   reports,   maintenance   of   FTP system, IndAS implementation, Review and forming policies  papers,  Preparing  the  financial  statements  as per IndAS; Handling of Branch and zonal queries for branch profitability.

3)   Budget   &   Planning   Profile:   Preparing   detailed medium term budget based on inputs from verticals, zones and financial information available, allocation of budget to verticals / zones / branches, Review of budget every six months and variance analysis, Handling correspondence  with  ministry  of  finance,  RBS  data points  and  planning for  raising of  capital  and  related activities. Presenting data for monthly performance reviews.

4

AGM -

Taxation

Gr.C

2

Min -

28 Yrs

Max. -

36 Yrs

Qualification:   Graduation

with first class in any stream (preferably Commerce) from a recognized University and Chartered Accountant(CA). Post  Graduation  in  any field is desirable.

 

Additional Qualification: MBA, ICWA will be preferred.

Direct  Tax  Profile  :  Minimum  7

years of experience as an officer handling Direct taxation matters in large  corporate  /  Banks  or  FI(s) with an annual turnover of Rs.1000 crore and above (as per latest Balance sheet).

 

Indirect Tax Profile : Minimum 7 years of experience as an officer handling   Indirect taxation matters in large corporate / Banks or FI(s) with an annual turnover of Rs.1000 crore and above (as per latest Balance sheet), Should have experience in implementing / handled GST.

1) Direct Tax Profile: Preparation of income tax returns

and filing same before due date, assisting in Assessment proceedings, Compilation of Tax audit information. Calculation of Advance Tax and remittance of the same, Calculation of provision for Tax including deferred tax, TDS reconciliation with Form 26 AS, compliance with provisions of Income tax act, Guidance to branches   on tax matters and assist in preparation of information called by Tax Authorities.

2) Indirect Tax Profile: Preparing data for monthly GST

returns, Coordinating with various departments for implementing /  reviewing  GST  ;  Data  validations  and reconciliation with TB, Input /output tax Credit determination, Filing of various GST returns in time Reviewing  GST  implementation  and  preparing  policy etc, Assisting and guiding Branches in resolving GST queries Replying to various notices / queries received from GST authorities, Preparation and assisting in completion of Annual GST Audit, Service Tax related matters / Queries.

5

Manager - FAD /

Taxation

Gr.B

17

Min –

25 Yrs

Max. –

35 Yrs

Qualification:   Graduation

with first class in any stream (preferably Commerce) from a recognized University and Chartered Accountant(CA). Post Graduation  in  any field is desirable.

 

Additional qualification: MBA, ICWA will be preferred

Minimum 4 years’ experience as an

officer in Commercial Banks/ FI (s) with an annual turnover of Rs.1000 crore and above (as per latest Balance sheet) and experience in preparing financial statements, supervision and control of accounts, Financial accounting closing,  IndAS implementation, etc. experience in handling Direct and Indirect Tax matters.               Experience in implementing/ handled GST.

1)     Accounts     Profile:     Preparation     of     monthly/

consolidated financials, Risk based supervision (RBS) data, RBI Returns and assisting in IndAS conversion exercise,  Monitoring  freeze  /  unfreeze  activities, Suspense Account monitoring, control on office accounts, Analysis of financial statements. Co-ordination with statutory Auditors, RBI inspectors.

2) Balance Sheet Management Profile: Preparation of Quarterly   segmental   reporting,   RBS   data,   Branch/ product  profitability  reports,  maintenance  of  FTP system,   IndAS   implementation,   Review   &   forming policies papers, Preparing the financial statements as per IndAS; Handling of Branch & zonal queries for branch profitability.

3) Budget & Planning Profile: Preparing detailed medium term   budget   based   on   various   inputs   &   financial

information,     allocation     of     budget     to     verticals/

zones/branches, Review of budget every 6 months & variance  analysis,  Handling correspondence  with  MoF, RBS data points & planning for raising of capital. Presenting data for monthly performance reviews.

4) Direct Tax Profile: Preparation of IT returns and filing same    before    due    date,    assisting    in    Assessment

proceedings,   Compilation   of   Tax   audit   information.

Calculation of Advance  Tax &  remittance of  the same, Calculation of provision for Tax including deferred tax, TDS reconciliation with Form 26AS, compliance with provisions  of  IT  act,  Guidance  to  branches     on  tax matters &  assist in preparation of information called by Tax Authorities.

5)       Indirect  Tax  Profile:  Preparing  data  for  monthly GST returns, Coordinating with various departments for implementing  /  reviewing  GST  ;  Data  validations  and

reconciliation    with    TB,    Input    /output    tax    Credit

determination, Filing of various GST returns in time Reviewing GST implementation and preparing policy etc, Assisting and guiding Branches in resolving GST queries Replying to various notices / queries received from GST authorities, Preparation and assisting in completion of Annual GST Audit, Service Tax related matters / Queries.

6

Manager –

Treasury

GR. B

5

Min –

25 Yrs

Max. –

35 Yrs

Qualification:   Graduation

with first class in any discipline  from  a recognized University and CA.

 

Candidates possessing additional qualification of MBA/ CFA/    Professionals with Diploma or Certificate in Treasury will be preferred.

 

Expected Specialization: Direct Dealings in Financial Products & Markets/ Treasury or Trade Finance Operations in Forex functions.

Minimum  2  years  in  Treasury  of

which  at  least  the  recent  1  years should be as Treasury Forex Dealer

/   Forex   Sales   or   Trade   Finance

Officer

1) Monitoring & Reporting Country, Counterparty Bank

and Corporate Counterparty Exposure;

2)  Monitoring  &  reporting  Counter  Party  Limit/Sub- limit

3) Annual Policy/ Mannual Review

4)  Various  Reporting     &  Compliance  to  Regulatory authorities

5 ) Discussion paper & Submissions to Risk Management

Committee (RMC)/ Asset Liability Committee (ALCO)

6)  Computation of Capital Charge & Loan Equivalent

Exposure (LER)

7

Manager –

Risk

Manageme nt

GR. B

5

Min –

25 Yrs

Max. –

35 Yrs

Graduation with first class in   any  discipline  from  a

recognized  University  and

CA.

 

Candidates possessing additional qualification of MBA (Finance)/ ICWA/ CFA/ MA (Economics and Statistics)/ CAIIB/ Financial Risk Manager (GARP)/ Professional Risk Manager (PRIMA) or other equivalent specialized risk management certification would be preferred.

Minimum  2  years’  experience  in

banking.   It   is   desired   to   have worked     in     Risk     Management

Department  of  Corporate  /  Head

Office          of          Public          Sector

Banks/Private Sector Banks

1)  Risk  assessment  of  loan  proposals  and  building  &

sustaining a high quality credit portfolio, well diversified in   terms   of   clients,   markets   &   products,   with   an

acceptable risk-adjusted yield.

2)Identification of Key Risk Indicators (KRI), Conducting Risk and Control Self-Assessment (RCSA) exercise, Implementation and mapping of Basel-III compliance, review of risk systems and procedures.

3) Asset liability management, Measurement of Interest

Rate Risk and Liquidity Risk, Periodic monitoring and preperation of discussion and policy papers for ALCO.

4)  Credit  /  Operational  Risk  modelling  &  Risk  Policy

Formulation.

5)  Centralised  monitoring of  irregularities/  breaches/

inconsistencies pertaining to Credit / Operational Risk

6) Preparation of Risk related reports  for submission to

RMC/ Board / RBI

7)  Validation  of  Risk  Assesmnet  process  and  various

Risk models

8)   Initiation   of   projects   for   improvement   in   Risk

Management.

8

Manager – Corporate Banking

GR. B

5

Min –

25 Yrs

Max. –

35 Yrs

Graduation with first class

in any discipline from a recognized University and CA.

 

Candidates possessing additional qualification of ICWA/ 2yrs Full time MBA (Specialization in Banking and Finance) would be preferred.

 

Desirable to have Certification in Credit program from NIBM, IIBF, Moody's, IIBM, NISM, KPMH etc.

Minimum   3   years’   experience   in

Processing / Appraisal of Corporate Credit / Credit Syndication at Corporate / Head Office level of Public Sector Banks / Private Sector Banks / Financial Institutions.

1)         To  drive  and  direct  growth  in  mid  corporate

portfolio of the Bank through new client acquisition and credit accretion business as a means of deepening relationships with existing clients, in terms of extant credit policy of the Bank.

2)       To evaluate credit requirements of potential customers  and  steering  the  business,  meeting  with

customers and closing the deals as also ensure Timely

processing of the proposals as per TAT to ensure better time to market. To explore cross selling opportunities.

3)         Responsible for Business Strategy/Action Points/ Presentation  to  the  top  Management  about  vertical

performance.

4)     To closely oversee credit monitoring and management of stressed assets in MCG portfolio. Responsible for ensuring the portfolio quality and delinquencies, containment of NPAs and regular evaluation of  pricing offered  to  customers  on  various products, putting checks and balances in place.

Age Limit:

1. DGM -FAD

  • Min -35 Yrs
  • Max. - 45 Yrs

2.DGM -Taxation

  • Min -35 Yrs
  • Max. - 45 Yrs

3.AGM –FAD

  • Min -28 Yrs
  • Max. - 36 Yrs

4.AGM -Taxation

  • Min -28 Yrs
  • Max. - 36 Yrs

5.Manager -FAD /Taxation

  • Min -28 Yrs
  • Max. - 36 Yrs

6.Manager –Treasury

  • Min -25 Yrs
  • Max. - 35 Yrs

7.Manager –Risk Management

  • Min -25 Yrs
  • Max. - 35 Yrs

8.Manager –Corporate Banking

  • Min -25 Yrs
  • Max. - 35 Yrs

Exam Fee:

Transaction charges for Online Payment of application fees/ intimation charges will have to be borne by the candidate. Candidates should ensure their eligibility before paying the fees/ applying online.

  • Category of Applicant Application Fee : SC/ST Rs. 150/- (Intimation charges only)
  • For all others Rs. 700/- (Application fee + Intimation charges)

Application once made will not be allowed to be withdrawn and fee once paid will NOT be refunded under any circumstances nor can it be held in reserve for any other future Selection process.

Scale of Pay :

Post

Consolidated Remuneration / Scale

Deputy General Manager, Grade ‘D’

In the scale of 33600-1100(9)-43500-1300(8)-53900 (18 years) [Pre Revised] Total pre-revised emoluments for Grade D at Metro centres is approx. Rs.1.30 Lakh p.m.

Assistant General Manager, Grade ‘C’

In the scale of 42020-1310(5)-48570-1460(2)-51490 (8 years)

Manager - Grade ‘B’

In the scale of  31705-1145(1)-32850-1310(10)-45950 (12 years)

Selection Process:

6.01 The selection process for all Grades viz ‘B’, ‘C’, and ‘D’ will comprise of preliminary screening based on the eligibility criteria, candidate's qualifications, suitability/experience, etc. submitted online. Only such candidates will be called for Group Discussion (GD) and/ or Personnel Interview (PI).

6.02 Depending upon the number of vacancies and number of suitable candidates, Bank reserves the right to pre-screen and shortlist requisite number of prima-facie eligible candidates for Grades ‘B’, ‘C’, and ‘D’. The candidature, after preliminary screening and without verification of documents, will be provisional for all grades and will be subject to verification of all details/ documents with the originals when a candidate reports for GD/PI (if  called).

6.03 Preliminary screening and shortlisting will be based on the candidate’s online submission of his/her academic track record, experience and the suitability of the candidate as decided by the Bank. Only such shortlisted candidates will be called for GD &/or PI. Candidates not clearing the GD/PI will not be considered for subsequent process of selection. Subject to the vacancies available under the respective category, only those candidates who  clear GD/PI and are sufficiently high in the merit list will be shortlisted for further selection.

6.04 The center & address of the venue, time and date of GD/PI will be informed to the shortlisted candidates through call letter and candidates have to attend the same at their own cost. Request for change of center will not be entertained. However, the Bank reserves its right to change/ add/ cancel the date, time, center, venue for the GD and/ or PI or hold supplementary selection process on particular date/ session/ venue/ center for set of candidates  at its discretion, under unforeseen circumstances, if any. The changes, if any, shall be intimated to the candidates through Bank's website and candidate’s registered e-mail in advance.

6.05 Selection will be on the basis of marks secured by the candidate in PI, on clearing the GD, if any. Total marks allotted for PI is 100. The minimum qualifying marks for PI would be 50 for General/EWS Category and 45 for SC/ST/OBC/PWD Category. Bank may change the mode of selection depending upon the number of suitable candidates. The final score should be sufficiently high in the merit list for the candidate to be shortlisted for  subsequent process.

6.06 The final selection of candidate is subject to qualification in GD/PI, being sufficiently high in the merit list, being declared medically fit as per the Bank’s fitness of standards and fulfilling the stipulated eligibility criteria as on the cut-off date.

6.07 In case, more than one candidate scores the cut off marks (common mark at cut off point), such candidates will be ranked according to their age in descending order.

6.08 Mere eligibility, admission/qualification in GD/PI does not imply that the Bank is satisfied beyond doubt about the candidate's eligibility and it shall not vest any right in a candidate for selection. The Bank would be free to reject the candidature of any candidate at any stage of recruitment process, if he/she is found to be ineligible and/or furnished incorrect or false information/ certificates/ documents or has suppressed any material facts and the  fees paid by the ineligible candidates shall be forfeited. If appointed, such a candidate may be summarily removed from the services of the Bank. Important: The GD/PI for Grades ‘B’, ‘C’, and ‘D’ will be held at the Bank’s Corporate Office in Mumbai. While appearing for GD/PI, if called, the candidate should produce valid prescribed documents given below. In the absence of documents, candidature of the candidates shall be cancelled. Bank takes no responsibility to receive/ collect any certificate/remittance/ document sent separately.

How To Apply:

1. Candidates are required to apply Online through official website. (Careers/ Current Openings). No other means/ mode of application will be accepted.
2. Candidates are required to have a valid personal email ID and Contact No. It should be kept active till completion of this recruitment process. Bank may send call letters for GD, PI etc. through the registered email ID. In case, a candidate does not have a valid personal email ID, he/she should create his/ her new email ID before applying Online.
3. Use of special characters while filling the form will not be allowed. In case the candidate is unable to fill in the application form in one go, he/ she can save the data already entered. When the data is saved, a provisional registration number and password will be generated by the system and displayed on the screen. 
Candidate should note down the Provisional registration number and password. An Email & SMS indicating the Provisional Registration number and Password will also be sent. They can reopen the saved data using Provisional registration number and password and edit the particulars, if needed. This facility will be available for three times only. Once the application is filled in completely, candidate should submit the data.
4. Candidates are advised to carefully fill in the online application themselves as no change in any of the data filled in the online application will be possible/ entertained. Prior to submission of the online application candidates are advised to use the ‘SAVE AND NEXT’ facility to verify the details in the online application form and modify the same if required. No change is permitted after clicking on FINAL SUBMIT button. Visually Impaired candidates will be responsible for carefully verifying/ getting the details filled in, in the online application form properly verified and ensuring that the same are correct prior to submission as no change is possible after submission.
5. There is a provision to modify the online application prior to submission only. Candidates are requested to make use of this facility to correct the details in online application, if any.
6. All the particulars mentioned in the online application including Name of the Candidate, Category, Date of Birth, Post Applied for, Address, Mobile Number, Email ID, etc. will be considered as final and no change/ modifications will be allowed after submission of the online application form.
7. An email/ SMS intimation with the Registration Number and Password generated on successful registration of the application will be sent to the candidate’s email ID/ Mobile Number specified in the online application form as a system generated acknowledgement. If candidates do not receive the email and SMS intimations at the email ID/ Mobile number specified by them, they may consider that their online application has not been successfully registered.
8. An online application which is incomplete in any respect such as without photograph and signature uploaded in the online application form/ unsuccessful fee payment will not be considered as valid.
9. Any information submitted by a candidate in his/ her application shall be binding on the candidate personally and he/she shall be liable for prosecution/ civil consequences in case the information/ details furnished by him/ her are found to be false at a later stage.
11. Identity Verification
At the time of GD/PI, the original call letter along with a photocopy of the candidate’s photo identity (bearing the same name as it appears on the call letter) such as PAN Card/Passport/ Driving License/ Voter’s Card/ Bank Passbook with photograph/ Photo identity proof issued by a Gazzetted Officer/ People’s Representative along with a photograph / Identity Card issued by a recognized college/ university/ Aadhar card with a photograph/ Employee ID should be submitted to the invigilator for verification. The candidate’s identity will be verified with respect to his/her details on the call letter, in the Attendance List and requisite documents submitted. If identity of the candidate is in doubt the candidate may not be allowed to appear for the GD/ PI. Ration Card will not be accepted as valid id proof for this recruitment project/process.
In case of candidates who have changed their name, they will be allowed only if they produce original Gazette notification / their original marriage certificate / affidavit in original, mentioning the changed name. 

Important Dates:

  • Starting Date – 26-March-2019
  • Last Date – 08-April-2019
  • Last Date of Fee Payment – 08-April-2019

 

Click Here for Official Notification

Click Here for Apply Online

Courtesy: IDBI Bank