IIFCL 2021 Jobs Recruitment Notification of Research Associate Posts

IIFCL 2021 Jobs Recruitment Notification of Research Associate Posts
India Infrastructure Finance Company 2021 Jobs Recruitment Notification. IIFCL inviting applications for the positions of Research Associate. Interested and Eligible candidates can apply for the positions.

Last Date for Submission of Application is on 07th December, 2021.

No.of Posts and Vacancies :-
Research Associate - 07 Posts

Qualification Details:
IIFCL invites applications for the post of Research Associate as per details given below.

1. Name of the Post: Research Associate

2. No of Post: 07 (UR-05, OBC-01, SC01)

3. Domains and Education Qualification: 

a) Credit Appraisal and due diligence (Financial) - MBA (Finance) or CA

b) Credit Appraisal and due diligence (technical) - B. Tech (Civil, electrical, Mechanical technology etc.)

c) Credit Appraisal and due diligence (Legal) - LLB. /LLM

d) Resource raising, Treasury Management, Monitoring & Recovery - MBA (Finance) or CA or ICWA or CS

e) IT - MBA (IT), B. Tech/B.sc.(H) (IT or computer Science) or MCA

f) HR and General Administration - MBA(HRM)/ MSW/ PostGraduation Economics/Commerce)

g) Planning, Research and Development - Post -Graduation (Economics/Statistics/Operation Research)

4. Fixed Stipend: 

i) All engagements of the interns will be on Cost-to-Company basis. No other benefits/perquisites/allowances etc. are payable other than all-inclusive lump-sum monthly stipulated stipend. The stipend for the three years, payable pro rata at the end of each month for the year may be as follows:

a) 1st year 50000

b) 2nd year 60000

c) 3rd year 70000

ii) Research Associate with experience of two years or more as on cut-off date in the related area may be engaged as “Senior Research Associate” and be paid stipend of Rs. 70000 p.m. throughout the period of internship.

Maximum age of the aspirants for making application is fixed at 30 years as on stipulated cut-off date. (Age relaxation as per GOI rules)

Terms and Conditions:
Standard terms and conditions of contract appointment is applicable mutatis mutandis to all the Research Associate engaged for internship on contract basis.

I. Period: The Second Party's term of contract with the First party will be for a period of 3 years from the date of reporting

II. Job responsibility/project allocation: The Second Party will execute and perform all such duties/projects that will be assigned to him/her by First Party from time to time and First Party reserves its right to change these at its discretion.

III. Placement: The selected candidates will be liable to be posted to any office/departments/verticals of the Company.

IV. Leave: The Second Party will be entitled to leave at the rate of 15 days per calendar year (leave to be calculated on pro rata basis for any fractional period). Any absence beyond the above period will be treated as leave without stipend.

V. Accommodation: The Second Party will be required to make own arrangements for his/her stay.

VI. Superannuation benefits: The Second Party will not be entitled to any superannuation /terminal benefits in respect of the internship undergone during the period of contract.

VII. Seniority: The Second Party will have no claims to any seniority, either among the individuals appointed on contract basis or vis-à-vis the regular employees of the Company, as each contract engagements of intern will be on a stand-alone basis.

VIII. Conduct and Discipline: The Second Party must agree to be governed by the Code of Conduct and Discipline as applicable for regular officer as per IIFCL Staff Service Regulation 2007)

IX. Termination of Contract:

a) During the period of contract, either Party will have the right to terminate the contract for a reasonable cause with prior notice of at least one month or compensation of one month in lieu of notice provided that such notice or compensation in lieu thereof shall not be necessary on the part of First Party where the termination is for misconduct specified under the Code of Conduct and Discipline agreed to by the Second Party, which is supported by satisfactory evidence recorded in an enquiry held for the purpose in the manner as prescribed under the Code of Conduct and Discipline.

b) Notwithstanding the terms agreed to as in clause (A) above, the contractual appointment with the First Party will come to an end automatically on the expiry of the period of contract. There will be no obligation on the part of the First Party to issue a formal order of termination or to give any prior notice in this behalf. The Second Party may agree that no stipend will be payable on the termination or expiry of the contract.

X. Re-appointment on Contract: The contract appointee interns will not be eligible for reappointment on contract under the scheme with the First Party.

XI. Appointment with the First Party: The Second Party will have no right for consideration for regular appointment with the First Party. He/She may however appear and compete for such appointment along with other outside candidates in accordance with and subject to the prescribed terms and conditions as may be applicable to other candidates.

XII. Secrecy: The Second Party will sign a declaration of secrecy on the usual lines.

XIII. Undertaking to protect Company's interest: The Second Party will sign an undertaking to protect First Party's interest.

India Infrastructure Finance Company Ltd., 5th Floor, Office Block-2, Plate A & B, NBCC Tower, East Kidwai Nagar, New Delhi - 110023

Selection Process :
Selection Will be Based either Written Exam/Interview

How to Apply :
1. Eligible candidates will send in their application in the prescribed format (by post) to India Infrastructure Finance Company Ltd., 5th Floor, Office Block-2, Plate A & B, NBCC Tower, East Kidwai Nagar, New Delhi - 110023 in a closed cover clearly super scribed as “Application For The Post Of Research Associate’’. No other means/ mode of application will be acceptable. An application not in the prescribed format or not signed by the candidate or incomplete in any respect will not be entertained and will be treated as rejected.

2. Last Date For Receipt Of Applications: 7th December 2021

Official Notification


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