Indian Railway Finance Corporation Ltd. (IRFC), a Government of India Enterprise under the Ministry of Railways, has announced a vacancy for the post of Executive Director (Finance) at E-9 level on a deputation basis. This is a prestigious opportunity for Senior Administrative Grade (SAG) officers of the Indian Railway Accounts Service (IRAS) to contribute to the financial management of railway infrastructure projects. Applications are invited from eligible officers to join IRFC in New Delhi. Don’t miss this chance to be part of a vital organization funding India’s railway growth!
Vacancy Notice No.: 04/2025
Post: Executive Director (Finance), E-9 Level
Application Deadline: Within 15 days from May 01, 2025 (i.e., May 16, 2025)
Application Portal: https://irfc.co.in
About IRFC
Indian Railway Finance Corporation Ltd. (IRFC), established in 1986, is a public sector enterprise under the Ministry of Railways, Government of India. Headquartered in New Delhi, IRFC mobilizes funds from domestic and international financial markets to finance the acquisition of rolling stock assets (wagons, coaches, locomotives) and support capacity augmentation projects like track doubling, tripling, and electrification. IRFC plays a critical role in funding the capital expenditure of Indian Railways and other railway entities.
Roles and Responsibilities
The Executive Director (Finance) will be responsible for:
- Overseeing financial planning and management for IRFC’s operations.
- Managing funds mobilization from domestic and international markets.
- Ensuring financial compliance and strategic allocation for railway projects.
- Handling finance-related activities to support rolling stock acquisition and infrastructure projects.
Vacancy Details
| Attribute | Details |
|---|---|
| Post | Executive Director (Finance), E-9 Level |
| No. of Vacancies | 01 |
| Location | New Delhi |
| Tenure | 3 years, extendable up to 2 years as per GOI rules |
| Scale of Pay | E-9 Level, ₹1,50,000 - 3% - ₹3,00,000 (IDA Pay Scale) plus deputation allowance as per parent department salary |
| Term of Appointment | Deputation Basis |
Eligibility Criteria
| Criteria | Details |
|---|---|
| Service | Indian Railway Accounts Service (IRAS) |
| Qualification | SAG IRAS Officer with 25 years of Group “A” Service |
| Age | Below 55 years as of May 01, 2025 |
| Experience | Practical experience in handling finance |
Selection Process
The selection process includes:
- Screening of applications by a Selection Committee nominated by the Competent Authority.
- Evaluation based on eligibility, experience, and supporting documents.
- Final selection subject to vigilance/D&AR clearance and review of APARs for the past 5 years.
How to Apply
Eligible officers should follow these steps:
- Download the prescribed proforma (Annexure-II) from https://irfc.co.in.
- Complete the application form, including details of experience, previous deputations, and achievements.
- Submit the application through proper channel with:
- No-objection certificate from the parent department.
- Vigilance/D&AR clearance.
- APARs for the past 5 years.
- Send an advance copy of the application, enclosing all relevant documents (qualification, experience, pay scale), superscribing the envelope with “Application for Executive Director (Finance).”
- Submit by post or email to:
- Postal Address: Executive Director (HR/Admin), Indian Railway Finance Corporation Ltd., NBCC Place, Lodhi Road, New Delhi, 110003
- Email: hr@irfc.co.in, manish.chandra@irfc.co.in
- Ensure applications reach within 15 days from May 01, 2025 (i.e., by May 16, 2025).
Note: Applications without proper channel submission or incomplete documents will be rejected.
Allowances and Perks
Selected candidates will be entitled to allowances and perks as per their existing entitlements in the parent department, including:
- Deputation allowance as per Government of India rules.
- Other applicable benefits based on the officer’s grade and service rules.
Important Conditions
- Officers debarred from deputation or under cooling-off period are not eligible unless the cooling-off period is completed.
- Applications must include all required clearances and documents to be considered.
- IRFC reserves the right to cancel or modify the vacancy notice without prior notice.
- Selected candidates will be posted in New Delhi.
Why Join IRFC?
Joining IRFC as Executive Director (Finance) offers:
- A prestigious role in a key public sector enterprise under the Ministry of Railways.
- An opportunity to shape the financial strategy for railway infrastructure development.
- Competitive compensation with deputation benefits.
- Exposure to high-level financial management in domestic and international markets.
Important: Regularly check https://irfc.co.in for updates on the vacancy notice and application process. Ensure submission by May 16, 2025.
GKBoard.in wishes all applicants the best of luck! Stay tuned for more job alerts and career opportunities.