Program Executive – Financial Management

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About the Organization

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities

Job Description

The Program Executive is expected to validate and verify the financial models of the project proponent seeking the PCG support for their EV program. In addition to this, s/he would be involved in the financial reporting, auditing, and monitoring activities related to the project. S/he will be involved in the training and knowledge dissemination with regard to the project to the stakeholders.

Job Responsibilities

• The Executive shall be attached on full time basis as ‘Program Executive’ with SIDBI under EV-RSP project.
• The executive shall undertake the financial reporting, auditing, and monitoring activities required for various procurements under the executed contracts under the project. The executive shall develop a suitable monitoring mechanism to ensure flow of proper information/data at regular intervals, design and develop formats of various progress and other reports etc. for continuous and effective monitoring of the various activities undertaken
• The Executive shall work with an appointed consultant to develop the program financial model and first year annual business plan. The Executive shall also train relevant SIDBI staff on using the program financial model for decision making.
• The Executive shall also be responsible for identifying and communicating technical requirements to an appointed consultant for the development of an IT system to allow SIDBI to engage with PFIs to conduct due diligence, appraisal, portfolio monitoring or credit risks, reporting and auditing of program operations.
• The executive shall be responsible for managing the financial aspects and complying with audit observations of activities.
• The executive shall work closely with the department and other officers / experts / specialists responsible for the project activities in EV-RSP and SIDBI for all the related tasks associated with the organization.
• The executive shall be ready to travel extensively across India based on project requirements.

Education Qualification/Required Skills & Experience

Essential

• Bachelor’s Degree, or equivalent, in Commerce/Finance, Business Administration or other related fields.
• Related work experience of at least 3 years in a Bank/NBFCs in 2W/3W/4W financing.
• Working knowledge of computers is highly desirable. Exposure to applications such as MS Office (strong in MS Excel functions and modelling), e-mail, etc. along with information handling skills and use of internet (for research, etc.).
• Age as on March 31, 2022: not exceeding 30 years.

Desirable

• CA (Final) or MBA Finance candidates will get preference
• Experience of working projects of national / international agencies which may include BEE, UN agencies, World Bank, etc.
• Candidates having experience in Bank and Financial Institutions will be preferred
• Knowledge in various specialized topics, viz, ALM & Risk Management, NPA & Recovery Management, Investment & Treasury Management, risk-based supervision, etc. would be desirable

Salary

• The compensation may be in the range of Rs. 50,000/- to Rs. 1,00,000 per month (all inclusive). The range may be enhanced or reduced subject to the suitability of the candidate.
• Besides the compensation indicated above, the executive shall only be eligible for reimbursement of expenses incurred on official tours within the ceilings as may be specified by SIDBI.

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