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Nainital Bank Limited Jobs Recruitment 2020 - Chief Financial Officer Posts


Nainital Bank Limited Jobs Recruitment Notification 2020.Nainital Bank Limited inviting applications for the positions of Chief Financial Officer.Interested and Eligible candidates can apply for the positions.

Last Date for Submission of Application is on October 26th, 2020.

Post and Vacancies:

Chief Financial Officer - 01

Job Location - Nainital

Qualification Details:

1. The Nainital Bank Limited intends to recruit one Chief Financial Officer in Officers’ Grade/ScaleIV or V

The Bank will absorb the eligible and deserving candidate in Grade Scale IV or Grade Scale V of The Nainital Bank Limited after evaluating his last drawn salary and his fitment shall be accordingly in Grade IV or Grade V as the case may be. The Grade Scales of Nainital Bank Limited are as follows (under revision at industry level):

2. Scale IV - 50030 - 1460 - 55870 - 1650 - 59170, Scale V - 57520 - 1650 - 1800 - 64270 

3. Nature of appointment: Regular and Whole Time Employment on Pay Scales of Nainital Bank Limited.

4. Career Progression: As per Bank’s Promotion Policy.

5. Place of Posting: The position/place of posting of candidate will ordinarily be at Head Office, Nainital OR alternatively at Regional Offices of the Bank situated at Haldwani or Dehradun or Noida, at the sole discretion of the Bank.

6. The Job Responsibility of Chief Financial Officer will be as under: Responsible for accurate and timely presentation and reporting of financial information of the Bank. Establish accounting policies and procedures wherever required. Compliance with financial regulations and standards wherever applicable. Communicate both the Bank’s expected and actual financial performance. Overseeing the budget process, collecting of inputs and comparing the Bank’s actual performance vis-à-vis the budget estimates. Flagging risks to the finances – operational, market etc. and developing strategies to counter/ mitigate the same. The Chief Financial Officer will have oversight of the following departments:

a. Accounts & Operations: Formulating/Reviewing the accounting policy of the Bank, maintaining the internal accounts and reporting of financial results through various statements of accounts, Balance Sheet and Profit & loss Account (performing financial controller type function).

b. Corporate Strategy and Planning Department: Formulation of policy relating to Provident Fund, Actuarial valuation of investments of various staff welfare funds in eligible Government Securities, preparation of notes to Board on the position of various funds and on PF interest rates.

7. Department of Corporate Services: Framing guidelines for award of rate contracts for activities such as floatation of tenders for printing, distribution of publications etc. Centralized procurement / arrangements of various stationery items, courier services etc. Document Management System – framing policies and broad guidelines in respect of the system and preservation period of documents.

8. Qualifications: Essential: He/she should be a qualified Chartered Accountant.

9. Desirable: Additional Degrees viz. CFA / MBA (Finance)/Certificate in Financial Risk Management from internationally acclaimed University/Associations.

10. Experience: He/she should be a qualified Chartered Accountant. Fifteen years in overseeing financial operations, preferably accounting and taxation matters, in banks/large corporates/PSUs/ FIs/financial services organizations, of which 10 years should be in Banks/FIs (of which five years should be at senior management level).

11. Desirable Experience: The Candidate should be working as a full time Chief Financial Officer or in an equivalent position in a regular capacity-and not in a contractual /adhoc capacity.

Age: The applicant should be between 35-50 years of age.

General Instructions:

1. Application format is appended below. Candidate should apply strictly in conformity with the format as prescribed.

2. Candidates should enclose copies of the relevant certificate/s (in support of age, educational qualification) and appropriate documents in support of the experience, with the application. Their candidature will be considered on the strength of the information declared in the application and the copies of certificates/ documents submitted therewith. If at any stage it is found that any information furnished in the application is false/incorrect or if according to the Bank, the candidate does not satisfy the eligibility criteria, his/her candidature/appointment is liable to be cancelled/terminated.

3. Canvassing in any form will be a disqualification.

4. In all matters regarding eligibility, conduct of interviews, assessment, prescribing minimum qualifying standards in interview, communication of result, the Bank’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.

5. Candidate will have to produce discharge certificate from the employer at the time of joining in The Nainital Bank Limited.

6. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Nainital only.

7. Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website www.nainitalbank.co.in.

8. Mention of e-mail ID of candidate, applying for the vacancy is compulsory (Please refer Serial No. 5 of application). Application without e-mail Id shall be rejected as all communication in this regard to all eligible candidates shall be made by the Bank through email only.

Selection Procedure :

1. Selection will be through direct interview. A preliminary screening of the applications will be carried out for making, if necessary, a short-list of eligible candidates to be called for the interview. While shortlisting candidates the Bank may apply a criteria which may consider additional qualifications, greater experience and level of responsibilities handled.

2. Hence, merely fulfilling the minimum requirements laid down for the post would not automatically entitle any candidate for interview. The place and date of interview will be advised to the short-listed candidates in due course through their notified e-mail ID.

How to Apply :

1. The candidates applying for the post must submit their application by post to “Chief Operating Officer, The Nainital Bank Limited, Head Office, 7 Oaks Building, Nainital263001” in the prescribed format (as given below in this advertisement).

2. The recent photograph is to be pasted at the appropriate place and application should be signed by the candidate. Incomplete and illegible applications will be rejected

3. The cover containing the application should be super scribed with the name of the post applied for i.e. ‘Application For The Post Of Chief Financial Officer’.

4. The following documents should be submitted along with the application.

5. Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DOB).

6. Copy of Certificates and Mark sheets in respect of qualifications acquired.

7. Appropriate document(s) in support of experience.

8. The application, enclosing all prescribed documents should reach the Bank’s Head Office, Nainital on or before 26.10.2020. The Bank will not be responsible for any delay in receipt of application/s or loss thereof in postal transit

Official Notification


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