India Infrastructure Finance Company Limited (IIFCL) has released an official notification inviting eligible candidates for the post of Grade A in the cadre of Assistant Manager .

Important Dates

Particulars	Date
Online Registration commences from	07.12.2024
Last Date for Online Registration	23.12.2024
Tentative Date of online Examination	January 2025
Tentative schedule of Interview	January /February 2025
Declaration of Final Result	January / February 2025

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Number of Vacancies

Post / s	Minimum Age	Maximum Age (as on 30.11.2024)	Total Vacancies
Project Financing, Stressed Asset Management	21	30	4
Accounts	21	30	5
Resource and Treasury	21	30	2
Legal	21	30	2
Risk Management	21	30	2
Human Resource	21	30	2
General	21	30	12

Relaxation in Age Limit

S.No.	Category	Age Relaxation
1	Schedule Caste / Scheduled Tribe	5 years
2	Other Backward Class (eligible for reservation)	3 years
3	Persons with Disabilities (PwBD) – Unreserved / EWS Candidates) Persons with Benchmark Disabilities (PwBD) as defined under “The Rights of Persons with Disabilities Act, 2016”.	10 years
	PwBD (OBC Candidates)	13 Years
	PwBD (SC/ST Candidates)	15 Years
4	Ex-Servicemen (as per the provisions of Ex-Servicemen (Re - employment in Central Civil Services and Posts Rules, 1979, as amended from time to time) ExServicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the cut-off date of November 30, 2024) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment. In the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on November 30, 2024 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months' notice on selection from the date of receipt of offer of appointment.	5 Years
5	Children / family members of those who died in the 1984 riots	By 5 years

The relaxation in upper age is allowed on cumulative basis as per Govt. Guidelines.

Qualification & Experience (As on 30.11.2024)

Posts	Qualifications	Experience
Project Financing,Stressed Asset Management	Post-Graduate Degree / Diploma in Management with Specialization in Finance / Banking & Finance OR Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA) Desirable: Chartered Financial Analyst (CFA)	Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute. Area of Experience: work experience in handling project financing / Mid - large corporate credit appraisals / Stressed Asset Management and Recovery and related areas.Experience related to infrastructure sector is desirable.
Accounts	Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)	Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute. Area of Experience: Accounting and Taxation related areas.
Resource and Treasury	Post-Graduate Degree/ Diploma in Management with Specialization in (Finance/ Forex/ Banking & Finance) OR Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA) Desirable: CFA / Certification in Treasury / Forex	Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute. Area of Experience: In treasury functions / investment desk / asset liability management / back-office functions viz. settlements, reconciliation, valuation / forex & derivatives. Experience in fund-raising / institutional resources mobilization.

Posts

Qualifications

Experience

Project Financing,Stressed Asset Management

Post-Graduate Degree / Diploma in Management with Specialization in Finance / Banking & Finance OR Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)

Desirable: Chartered Financial Analyst (CFA)

Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.

Area of Experience: work experience in handling project financing / Mid - large corporate credit appraisals / Stressed Asset Management and Recovery and related areas.Experience related to infrastructure sector is desirable.

Accounts

Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)

Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute. Area of Experience: Accounting and Taxation related areas.

Resource and Treasury

Post-Graduate Degree/ Diploma in Management with Specialization in (Finance/ Forex/ Banking & Finance) OR Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)

Desirable: CFA / Certification in Treasury / Forex

Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.

Area of Experience: In treasury functions / investment desk / asset liability management / back-office functions viz. settlements, reconciliation, valuation / forex & derivatives. Experience in fund-raising / institutional resources mobilization.

Note: Wherever Post Graduation / Master’s Degree / Diploma is mentioned as criteria for educational qualification, the course should be at least of 2 years’ duration. All the educational qualifications mentioned should be from a University/ Institution/ Board recognized by UGC / AICTE / Govt. / approved by Govt. Regulatory Bodies.

Probation and Posting / Transfer

The selected candidates would be on probation for a period of 2 years which is extendable up to maximum 4 years at the discretion of IIFCL. The selected candidates will be liable to be posted / transferred at discretion of IIFCL to any office / verticals / subsidiaries of IIFCL anywhere in India, as per discretion and requirement of IIFCL, from time to time and on such terms and conditions as may be decided by IIFCL. Therefore, only candidates willing to serve anywhere in India should apply.

Selection Procedure

Selection for the aforementioned posts will be done through ONLINE Examination (Phase – I) and

Interview – Technical and Behavioural (Phase II).

Phase I - Online Examination (Objective Type)

This will comprise a single Paper for 200 marks. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, must appear for examination in only one shift on the given day.

Online Examination Pattern

Test	Section of test	Type	No. of Questions	Maximum Marks	Duration
I	Reasoning	Objective	25	25	60 minutes
	Quantitative Aptitude	Objective	25	25
	English Language	Objective	25	25
	Current Affairs related to Financial Sector	Objective	25	25
	Total (Test I)		100	100
II	Domain Knowledge* Project Finance Corporate Banking, Treasury General Management Risk Management Corporate Governance in Banking Sector Accounting and Taxation Indian Economy Financial / Banking System in India – Structure and concerns, Financial Institutions. Latest RBI/SEBI Circulars, Guidelines on NBFCs, Project Finance, NPA etc. Annual reports of RBI, SEBI, IIFCL etc.	Objective	50	100	60 minutes
	Grand Total (Test I + Test II)		150	200

NOTE: the syllabus is indicative and not exhaustive. The syllabus should not be considered as the only source of information while preparing for the examination. Keeping in view the nature of examination, all matters falling within the realm of the subject concerned will have to be studied by the candidate as questions can be asked on all relevant matters under the subject. Candidates appearing for the examination should also prepare themselves for answering questions that may be asked on the current/latest developments/Acts taking place under the subject(s) although those topics may not have been specifically included in the syllabus.

A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test (I and II).
The question in Test I are of 1 mark each, whereas question in Test II will be of 2 marks each. There shall be negative marking (1/4th of marks assigned to the question) for Phase I (Online Examination).
Candidates have to secure minimum marks in aggregate, as may be prescribed by IIFCL. However, IIFCL reserves the right to waive / modify the minimum qualifying marks without any prior intimation.

Phase II - Interview (Technical and Behavioural)

Candidates will be shortlisted for the interview, based on marks obtained in Phase-I (Written Examination). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by IIFCL in relation to the number of vacancies. Further, the number of candidates to be called for interview will be decided by IIFCL. Roll No. of the candidates shortlisted for interview will be published on IIFCL’s website.
Interview will be of 100 marks. Candidate may opt for interview either in Hindi or English.
Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Written Examination (Phase I) and Interview (Phase II) as applicable as per extant rules.

Note:

IIFCL may decide to conduct Group Discussion, the Psychometric test etc. as an additional tool to assess the suitability of the candidates.
The weightage of Online Examination (Phase I) and Interview (Phase II) will be 40:60, respectively. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Online Examination and Interview. A candidate should qualify both in the online examination and interview and be sufficiently high in the merit to make into the Final selection list.

Syllabus

Quantitative Aptitude

Data Interpretation
Boats and Streams
Time and Work
Time, Speed and Distance
Partnership
Mixtures and Alligation
Ages and Average
Profit and Loss
Percentage and Interest
Problems on Trains
Pipes and Cisterns
Area and Volume
Number Series
Linear equations
Quadratic equations
Data sufficiency

Reasoning

Machine Input Output
Puzzles
Seating Arrangement
Order and Ranking
Inequalities
Statement and Assumptions
Statement and Conclusion
Coding-Decoding
Cause and Effect
Statement and Argument
Venn Diagram/Syllogism
Blood Relation
Direction and Distance

English Language

Reading Comprehension
Cloze Test
Error Spotting
Double Fillers
Sentence Rearrangement
Vocabulary Based Questions

Current Affairs related to Financial Sector

RBI Circulars
Latest Government Schemes
Banking products
Banking Awareness(Updated on monthly basis)
Priority sector lending
Basel Norms
RBI regulations for Commercial banks, RRBs, Small Finance Banks, HFCs, NBFCs and UCBs
Indian Financial System
Financial market instruments
International reports and indices
Important committees
Foreign investment and trade
Union budget
Latest mergers and MOUs of banks and financial institutions
Financial regulatory institutions in India
Mutual Funds
Ratio analysis
Break-even Analysis
Time Value of Money
Working capital management
Factoring
Dividend Policy
Factoring
Derivatives- Future and Forward Contract
Capital Structure
Cost of Capital
Cash Flow Statement
Banking Regulations Act, 1949
Negotiable Instruments Act, 1881
SARFAESI Act, 2002
Currency Act
Consumer Protection Act, 1986
Taxation Acts(Income Tax and GST)
Companies Act, 2013
RBI Act, 1934

Domain Knowledge

Project Finance
Corporate Banking, Treasury
General Management
Risk Management
Corporate Governance in Banking Sector
Accounting and Taxation
Indian Economy
Financial / Banking System in India – Structure and concerns, Financial Institutions.
Latest RBI/SEBI Circulars, Guidelines on NBFCs, Project Finance, NPA etc. Annual reports of RBI, SEBI, IIFCL etc.

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