India Infrastructure Finance Company Limited (IIFCL), a leading government-owned financial institution, has announced its Assistant Manager (Grade A) recruitment for December 2024. This recruitment drive presents an opportunity for professionals to contribute to India’s infrastructure development while securing a rewarding career. Below, we provide detailed information about the recruitment process, eligibility, selection criteria, and application procedure.
- About IIFCL
- IIFCL December 2024 Vacancy Overview
- IIFCL Recruitment December 2024 Eligibility Criteria
- IIFCL Recruitment December 2024 Pay Scale and Benefits
- IIFCL Recruitment December 2024 Selection Procedure
- IIFCL Recruitment December 2024 Important Dates
- IIFCL Recruitment December 2024 Application Procedure
- Key Documents and Instructions
- Additional Guidelines
About IIFCL
India Infrastructure Finance Company Limited (IIFCL) is a premier government-owned enterprise established in 2006. Tasked with providing long-term financial assistance to viable infrastructure projects, IIFCL is recognized as one of the most diversified public-sector infrastructure lenders. Its areas of operation span transportation, energy, water, sanitation, communication, and more.
IIFCL has a mission to drive economic growth by financing projects across greenfield and brownfield sectors. The organization fosters an innovative work environment and offers holistic growth opportunities for its employees.
IIFCL December 2024 Vacancy Overview
IIFCL has announced 40 vacancies for the position of Assistant Manager (Grade A) across diverse streams. Below is the detailed breakdown of the openings:
| Stream | Vacancies | Key Focus Areas |
|---|---|---|
| Project Financing | 4 | Infrastructure Project Funding |
| Accounts | 5 | Accounting and Taxation |
| Resource and Treasury | 2 | Treasury Management, Fund Mobilization |
| Information Technology | 2 | IT Solutions, Cybersecurity |
| Legal | 2 | Regulatory Compliance, Legal Advisory |
| Secretarial Functions | 1 | Corporate Governance |
| Corporate Social Responsibility | 1 | CSR Planning and Execution |
| Environment and Social Safeguards | 2 | Environmental Impact Assessment |
| Risk Management | 2 | Credit, Market, and Operational Risk |
| Procurement | 1 | Procurement and GeM Portal Management |
| Human Resources | 2 | HR Operations, Recruitment |
| Research and Analysis | 1 | Economic and Policy Research |
| Rajbhasha | 1 | Hindi Translation and Language Services |
| Compliance and Audit | 1 | Regulatory Audits and Data Analysis |
| Corporate Communications | 1 | Media and Public Relations |
| General | 12 | Multi-disciplinary Contributions |
The vacancies include posts reserved for candidates with disabilities (PwBD) and are distributed per government norms.
IIFCL Recruitment December 2024 Eligibility Criteria
1. Nationality Requirements
Candidates must be Indian citizens.
2. Age Limit and Relaxations
- Minimum Age: 21 years
- Maximum Age: 30 years
- Cut-off Date: November 30, 2024
| Category | Age Relaxation |
|---|---|
| Scheduled Castes/Scheduled Tribes (SC/ST) | 5 years |
| Other Backward Classes (OBC – Non-Creamy Layer) | 3 years |
| Persons with Benchmark Disabilities (PwBD – UR/EWS) | 10 years |
| PwBD (OBC) | 13 years |
| PwBD (SC/ST) | 15 years |
| Ex-Servicemen | 5 years |
3. Educational Qualifications and Work Experience
The educational requirements and experience vary according to the stream. Candidates must meet the following qualifications and possess a minimum of one year of post-qualification work experience:
| Stream | Required Qualification | Experience Required |
|---|---|---|
| Project Financing | Postgraduate in Finance or CA/CMA | Corporate Credit, Project Financing |
| Accounts | Chartered Accountant (CA) or CMA | Accounting and Tax Compliance |
| Information Technology | Bachelor’s in IT or CS | IT Implementation, Cybersecurity |
| Human Resources | MBA (HR) or equivalent | Core HR Operations |
| Risk Management | MBA (Finance) or CA | Risk Assessment, ALM Management |
Candidates must provide valid certificates and work experience documents during the application and interview processes.
IIFCL Recruitment December 2024 Pay Scale and Benefits
1. Pay Scale
The pay scale for Assistant Managers is ₹44,500 – ₹89,150.
| Component | Amount |
|---|---|
| Starting Basic Pay | ₹44,500 per month |
| Cost to Company (CTC) | ₹19 lakhs annually |
2. Benefits
Selected candidates will enjoy numerous benefits, including:
- House Rent Allowance (HRA) or leased accommodation.
- Dearness Allowance, Special Allowances.
- Medical reimbursement and insurance.
- Concessional loans for housing, education, and personal needs.
IIFCL Recruitment December 2024 Selection Procedure
The recruitment process comprises two stages:
Phase I: Online Examination
The online test consists of objective questions across multiple sections.
| Section | Type | Questions | Marks | Duration |
|---|---|---|---|---|
| General Aptitude (Reasoning, English, Quant) | Objective | 100 | 100 | 60 minutes |
| Domain Knowledge | Objective | 50 | 100 | 60 minutes |
Phase II: Interview
Shortlisted candidates from Phase I will attend an interview evaluating technical expertise and behavioral aptitude.
| Stage | Maximum Marks | Weightage in Final Selection |
|---|---|---|
| Online Examination | 200 | 40% |
| Interview | 100 | 60% |
IIFCL Recruitment December 2024 Important Dates
| Event | Date |
|---|---|
| Online Registration Begins | December 7, 2024 |
| Last Date to Apply | December 23, 2024 |
| Tentative Online Exam | January 2025 |
| Interview Process | January-February 2025 |
IIFCL Recruitment December 2024 Application Procedure
Candidates can apply online through the IIFCL website.
- Visit the official website: IIFCL Portal.
- Register using your email and phone number.
- Complete the application form with required personal and professional details.
- Upload scanned copies of documents, including photograph and signature.
- Pay the application fee:
- ₹100 for SC/ST/PwBD candidates.
- ₹600 for General/OBC candidates.
- Submit the form and take a printout for future reference.
Key Documents and Instructions
Applicants must keep the following documents ready:
- Proof of Age (Birth Certificate or Class 10th Certificate).
- Educational Certificates (Graduation and Post-graduation).
- Work Experience Letters.
- Caste Certificate (if applicable).
- Disability Certificate (for PwBD candidates).
Ensure that all scanned documents meet the specified size and format requirements.
Additional Guidelines
- The application process is online, and no hard copies will be accepted.
- The eligibility of candidates will be verified at various stages of the recruitment process.
- Regular updates regarding the recruitment process will be available on the official website.
- Candidates are required to provide accurate information; any discrepancies may result in disqualification.
Smart FAQs for IIFCL Recruitment 2024
What is IIFCL Recruitment 2024 about?
The IIFCL Recruitment 2024 is for 40 Assistant Manager (Grade A) positions across various streams like Project Financing, Accounts, IT, Legal, Risk Management, and more.
How many vacancies are available?
A total of 40 vacancies are announced, distributed across multiple disciplines.
What are the eligibility criteria for IIFCL Assistant Manager posts?
- Age Limit: 21 to 30 years (as of November 30, 2024).
- Educational Qualification: Varies by stream, including qualifications like Post-Graduate degrees, CA, CMA, and Bachelor’s in relevant fields.
- Experience: Minimum 1 year of post-qualification experience in relevant domains.
What is the selection process for IIFCL Recruitment 2024?
- Phase I: Online Examination (Objective, 200 marks).
- Phase II: Interview (100 marks).
