NABARD Chief Financial Officer Recruitment 2025
National Bank for Agriculture and Rural Development (NABARD) recruitment for the position of Chief Financial Officer (CFO) on a contract basis for the year 2025. This single vacancy based in Mumbai offers a competitive compensation package ranging from ₹75-85 lakh per annum. The online application process commences on 22nd February 2025 and concludes on 9th March 2025.
Key Highlights for NABARD CFO Recruitment 2025
Here are some important points to note about the NABARD CFO Recruitment 2025:
Organization: National Bank for Agriculture and Rural Development (NABARD)
Post Name: Chief Financial Officer (CFO)
Vacancy: 01
Location: Head Office, Mumbai
Employment Type: Contract Basis
Salary: ₹75-85 Lakhs Per Annum (Negotiable)
Application Mode: Online
Important Dates: 22.02.2025 to 09.03.2025
NABARD CFO Vacancy Details 2025
Post Name | Number of Vacancies |
|---|---|
Chief Financial Officer | 01 |
Eligibility Criteria for NABARD Chief Financial Officer Post 2025
Age Limit for CFO Post
Minimum Age: 45 years
Maximum Age: 57 years
Age Calculation Date: 01 January 2025
Educational Qualification for CFO Post
Essential Qualification: Chartered Accountant (CA)
Preferred Qualifications:
CMA (erstwhile ICWAI)
MBA Finance
FRM Certification
CFA
CAIIB
Experience Required for CFO Post
Minimum 10 years of post-qualification experience in relevant field.
At least 5 years of experience at Senior Management level handling Accounts & Taxation in:
Banks
Financial Institutions (FIs)
Large Corporates
Preference will be given to candidates with experience in Banks/FIs.
Job Profile and Responsibilities of CFO
The Chief Financial Officer will be responsible for the following key areas:
Financial Reporting:
Overseeing statutory audit function and ensuring timely completion.
Reporting audit results as per SEBI guidelines and compliance to SEBI (LODR) requirements.
Effective budget planning and control.
Coordination with NFRA and RBI for auditor related matters.
Supporting head of finance in SEBI guideline compliance from financial reporting perspective.
Providing updates to Top Management about Profitability, NPA, and other projections.
Handling matters related to provisions, reserves, and dividend finalization.
Managing Audit Reports and related matters.
Collaborating with Top Management/Board of Directors for organizational strategic roadmap.
Tax Compliance:
Optimization of Bank's tax liability.
GST and TDS Compliance.
Accounting Systems:
Developing and maintaining accounting systems as per Accounting Standards and RBI Guidelines.
Reviewing and developing internal Accounting Policies.
Development and Maintenance of Internal Control over Financial Reporting (ICOFR).
Implementation of IFRS /IND AS in Bank.
Management Reporting:
Maintaining coordination with Finance Department for performance review and related functions.
Other Functions:
Any other function assigned by the Management from time to time.
NABARD CFO Selection Process 2025
The selection process for the Chief Financial Officer post will consist of:
Interview: Candidates will be shortlisted for interview in the ratio of 1:3 based on qualification and experience.
Pre-Recruitment Medical Examination: Selected candidates will undergo a medical examination. Final appointment is subject to being declared medically fit.
Application Fee for NABARD CFO Recruitment
Category of Applicant | Application Fee (₹) | Intimation Charges (₹) | Total (₹) |
|---|---|---|---|
SC/ ST/ PWBD | NIL | 150 | 150* |
For all others | 700 | 150 | 850* |
Compensation, Contract Period and Benefits for CFO Post
Compensation: ₹75-85 Lakhs per annum (Negotiable). Annual increment up to 10% based on performance.
Contract Period: 02 years, extendable up to a maximum of 05 years based on yearly review.
Superannuation Benefits: Not applicable (No Provident Fund, Pension, Gratuity, etc.).
Travelling/Halting Allowance: As per bank rules for official tours.
Leave: Maximum 30 days per calendar year, on a proportionate basis.
Other Facilities: Office space, internet connectivity, lounge facilities, medical facility (self at Bank's dispensary).
How to Apply For NABARD CFO Post 2025
Interested and eligible candidates should apply only through the online modefrom 22.02.2025 to 09.03.2025 through the official NABARD website: www.nabard.org. Documents to be uploaded:
Photograph (4.5cm × 3.5cm)
Signature (black ink)
Left thumb impression (black or blue ink)
Handwritten declaration (black ink, English only)
Important Dates for NABARD CFO Recruitment 2025
Event | Dates |
|---|---|
Online Application Registration and Payment | 22.02.2025 to 09.03.2025 |
Frequently Asked Questions (FAQs)
What is the mode of application for NABARD CFO Recruitment 2025?
Applications must be submitted online through the official website of NABARD. No other mode of application will be accepted.
What is the selection process for the Chief Financial Officer post?
The selection process involves shortlisting of candidates based on their qualifications and experience, followed by an interview. Selected candidates will also have to undergo a pre-recruitment medical examination.
Is there an application fee for applying to the NABARD CFO post?
Yes, the application fee varies based on the candidate category. For SC/ST/PWBD candidates, it is ₹150 (intimation charges only), and for all other candidates, it is ₹850 (including application fee and intimation charges), exclusive of GST.
What is the duration of the contract for the CFO position?
The initial contract period is for 2 years, which may be extended for a further period up to 3 years, based on a yearly performance review, with a maximum contract period of 5 years.