IIFCL Assistant Manager Recruitment 2024, Apply Online Starts for 40 Grade A Posts

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The IIFCL Assistant Manager Recruitment 2024 has been published by the India Infrastructure Finance Company Limited (IIFCL) for the Grade A positions in various disciplines. Eligible and Interested candidates can register themselves before 23 December 2024, check the eligibility criteria carefully, as varies post-wise. Candidates can check this article, to get complete information on the IIFCL Assistant Manager Recruitment 2024 including, vacancies, the selection process, exam pattern, salary, etc.

With registration dates from 07 to 23 December 2024, the recruitment process will be competitive and rewarding for those who wish to pursue a career in infrastructure finance. IIFCL, a wholly-owned enterprise of the Government of India, is pivotal in providing financial support for infrastructure development across the country. The Assistant Manager Grade A position offers candidates an opportunity to contribute to nation-building and grow professionally in a challenging and rewarding environment.

IIFCL Assistant Manager Recruitment 2024

IIFCL Recruitment 2024: Overview

If you’re interested in this recruitment, review all the key details about the IIFCL Assistant Manager Recruitment 2024.

IIFCL Assistant Manager Recruitment 2024
OrganizationIndia Infrastructure Finance Company Limited (IIFCL)
PostAssistant Manager
Vacancy40
CategoryRecruitment
EligibilityVaries Post-Wise
Age limitMin: 21 Years, Max: 30 Years
Mode of Application EnrollmentOnline
Selection ProcessOnline Examination & Interview
Application FeesGeneral/EWS/OBC-Rs.600
SC/ST/PwBD-Rs.100
IIFCL Assistant Manager SalaryRs. 44,500/- p.m. (Basic Pay)
Official Websitewww.iifcl.in/careers

IIFCL Assistant Manager Recruitment 2024 Notification PDF

The IIFCL Assistant Manager Recruitment 2024 offers a golden opportunity for individuals passionate about making a difference in the infrastructure finance sector. With 40 Grade A vacancies, the recruitment drive might attract many candidates. The organization offers a competitive salary package, benefits, and a structured career growth pathway. To be eligible for the IIFCL Assistant Manager post, candidates must meet specific educational and professional criteria (varies as per post). The application process is entirely online, and candidates must complete their registration before the deadline of 23 December 2024.

IIFCL Assistant Manager 2024 Notification PDF: Download Now

IIFCL Notification 2024: Important Dates

The organization has released the notification PDF with NIACL Assistant 2024 exam dates and other important dates. A summary of the important dates for NIACL Assistant Recruitment 2024 is given in the table below. Make sure to mark these dates and stay updated throughout the recruitment process.

EventImportant Date
Online Registration Opens07 December 2024
Online Registration Closes23 December 2024
Cut-off Date for Age Eligibility30 November 2024
Cut-off Date for Educational Qualification / Post-Qualification Experience30 November 2024
Tentative Date for Online ExaminationJanuary 2025*
Tentative Interview ScheduleJanuary / February 2025*
Final Result DeclarationJanuary / February 2025*

IIFCL Assistant Manager Recruitment 2024 Application Link

Candidates eager to apply for the IIFCL Assistant Manager Recruitment 2024  will be able to complete their registration through the direct Apply Online link provided below. The registration window is open from 07 December to 23 December 2024, and applicants must ensure they meet the eligibility criteria before proceeding. By clicking on the link, candidates can fill in the required details, upload necessary documents, and pay the application fee to finalize their submission. Apply early to avoid last-minute hassles and secure your chance to join IIFCL as an Assistant Manager.

IIFCL Assistant Manager Recruitment 2024: Click Here to Apply Online

Steps To Apply Online For IIFCL Assistant Manager 2024

The following steps should be followed while submitting the application form for IIFCL Recruitment 2024 for Assistant Manager.

Visit the Official Website: Go to the official website of India Infrastructure Finance Company Limited, www.iifcl.in.

Access the Recruitment Section: Go to the “Careers” or “Recruitment” section available on the homepage.

Find the Notification: Look for the IIFCL Assistant Manager Recruitment 2024 notification. Click on the link to read the detailed advertisement and check the eligibility criteria.

Register as a New User: The new applicant should click on the “New Registration” option. Fill in the basic details such as name, email ID, and mobile number.

  • Upon successful registration, candidates will receive a registration ID and password via email or SMS.

Login to the Portal: Use the registration ID and password to log in to the application portal.

Fill Out the Application Form: Complete the online application form by providing personal details, educational qualifications, and work experience.

  • Upload scanned copies of required documents, including Passport-size photograph, Signature, and relevant certificates (educational, caste, experience, etc.).

Review the Application: Carefully review the application form to ensure all details are accurate. Make corrections if necessary before submission.

Pay the Application Fee: Proceed to pay the application fee through the online payment gateway using debit/credit card, net banking, or other available methods.

  • Download the fee receipt for future reference.

Submit the Application: After payment, click on the “Submit” button to complete the application process.

Download and Print the Application: Once submitted, download the confirmation page or application form.

  • Print a copy of the submitted application form for future use.

IIFCL Assistant Manager Vacancy 2024

The India Infrastructure Finance Company (IIFCL) has announced 40 vacancies for the position of Assistant Manager in 2024. Check the below table for the different categories.

CategoryNumber of Vacancies
General13
OBC5
SC4
ST/EWS2
PWD4
Ex-Serviceman3
Total40

IIFCL Assistant Manager Recruitment 2024 Application Fee

For the IIFCL Assistant Manager Recruitment 2024, the application fee and intimation charges vary based on the category. For General, OBC, and EWS candidates, the total fee is 600 INR, which includes an application fee of 500 INR and intimation charges of 100 INR. For SC, ST, and PwBD candidates, the total fee is 100 INR, which only includes the intimation charges, as there is no application fee for these categories.

  • SC/ST/PwBD: Rs. 100/- (Intimation Charges only)
  • UR/EWS/OBC: Rs. 600/- (Examination Fee and Intimation Charges)

IIFCL Assistant Manager Recruitment 2024 Eligibility Criteria

Before applying for IIFCL Assistant Manager Recruitment 2024, candidates must check the eligibility criteria prescribed by IIFCL. This includes educational qualification and age limit, which are detailed in the section below.

IIFCL Assistant Manager Educational Qualification

Various types of educational qualifications have been prescribed for IIFCL Assistant Manager Recruitment 2024, which you can check through the table given below.

Project Financing, Stressed Asset Management

Educational Qualification:

  • 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 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Work experience in handling project financing, mid-large corporate credit appraisals, stressed asset management, recovery, and related areas.
    Experience related to the infrastructure sector is desirable.

Accounts

Educational Qualification:

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

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.
  • Area of Experience:
    Experience in accounting and taxation-related areas.

Resource and Treasury

Educational Qualification:

  • 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 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Experience in treasury functions, investment desk, asset-liability management, back-office functions such as settlements, reconciliation, valuation, forex & derivatives.
  • Experience in fund-raising and institutional resources mobilization.

Legal

Educational Qualification:

  • Bachelor’s Degree in Law (LLB)
  • Desirable: LLM

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs / Law firms / Practicing at Bar / Judicial Services or any other reputed organization.

Area of Experience:

  • As a Law Officer in Banks/financial institutions in public or private sector of repute / PSUs.
  • Or as an Advocate (including as an associate in an Advocate’s or solicitor’s office or Law firm) after being enrolled under the Advocates Act, 1961 (25 of 1961).
  • Or experience in Supreme Court of India / High Courts / other Courts and Tribunals or equivalent/ Ministry of Law (Govt. of India) / Statutory Legal Institutions (Govt. of India) / National Law Universities / recognized Research Institutions / Public Sector Undertakings / Semi-Government / other
  • Government Bodies in the field of Law or related experience in the field of law.

Secretarial Functions

Educational Qualification:

  • Qualified Company Secretary (CS) from the Institute of Company Secretaries of India (ICSI)

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • As a Company Secretary or experience in Company Secretarial Compliances, Corporate Governance, conducting Board Meetings, and related works.

Corporate Social Responsibility

Educational Qualification:

  • Post-Graduate Degree / Diploma in Corporate Social Responsibility (CSR) / Master in Social Work or equivalent.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Handling CSR-related activities.

Environment and Social Safeguard

Educational Qualification:

  • Post-Graduate Degree / Diploma in Engineering, Environmental Management, Environmental Sciences, M.Sc.
    OR
  • Post-Graduation in Social Work / Sociology / Anthropology / Economics / Development Services.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Working with environmental and social impact assessment, implementing environmental and social management plans, preparation of environmental and social safeguards documents, and related work.

Risk Management

Educational Qualification:

  • Post-Graduate Degree / Diploma in Management with Specialization in Finance / Banking & Finance.
    OR
  • Chartered Accountant (CA)
  • Desirable: FRM or equivalent Risk Management Certification

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Risk management, ALM function, operational risk, credit risk, market risk, credit monitoring, or related work.

Procurement

Educational Qualification:

  • Postgraduate degree / diploma in any discipline.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Administration/Procurement in any Central or State Govt / Govt Deptt. / PSUs / PSBs / any other Govt entity handling procurement and related activities, with first-hand experience of working on GeM portal and knowledge of General Financial Rules of GoI.

Human Resource

Educational Qualification:

  • Post-Graduation Degree / Diploma in Management with Specialization in Human Resources / Industrial Relations / Personnel Management.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

Handling core HR activities or functions such as recruitment, salary management, training and development, knowledge of reservation guidelines, rosters, etc.
Experience in Govt. Deptt / PSU / PSBs is desirable.

Research and Analysis

Educational Qualification:

  • Post-Graduation Degree / Diploma in Economics / Statistics

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Exposure in economic research, banking and financial sector, policy formulation, analysis of macro trends, or related research works.

Rajbhasha

Educational Qualification:

  • Post-Graduate Degree / Diploma in Hindi / Hindi Translation with English as a subject at the Bachelor’s degree level;
    OR
  • Master’s Degree in English / Sanskrit / Economics / Commerce with Hindi as a subject at the Bachelor’s degree level along with a Post-Graduation diploma in translation;
    OR
  • Master’s Degree in both English and Hindi / Hindi Translation.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Experience, preferably in Government Departments/ Public Sector Undertakings/ Banks/ Academic Professional Institutions, in translation from English to Hindi and vice versa.
  • Knowledge of shorthand / typing in Hindi and knowledge of rules and procedures of the Government regarding the official language.

Compliance and Audit

Educational Qualification:

  • Postgraduate degree/diploma in any discipline.
  • Desirable: CISA (Certified Information Security Auditor) or CIA or Certified Accounting & Audit Professional from IIBF

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Compliance and audit-related matters in RBI regulated entities.
  • Or in internal audit, statutory audit, accounting, data analytics, forensic investigation, information technology, etc. or related fields.

Corporate Communications

Educational Qualification:

  • Post-graduation degree / Diploma in Corporate Communication / Mass Communication / Advertising / Journalism or related fields.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Experience in a corporate house/media organization/advertising or public relations agency or related activities.
    Or experience in creating content, planning & arranging media activities (social / broadcast) for a Government agency/department/entity, and management of Government communication.

General

Educational Qualification:

  • Postgraduate degree/diploma in any discipline / Bachelor’s Degree in Law (LLB) / BA+LLB (5 years) / Chartered Accountant (CA) / B Tech / B.E.

Minimum Experience:

  • At least 1 year of post-qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other reputed organization.

Area of Experience:

  • Preference will be given to candidates with relevant work experience in the banking and finance industry.

IIFCL Assistant Manager Recruitment 2024 Selection Process

The selection process for the IIFCL Assistant Manager Recruitment 2024 consists of four stages:

  • Preliminary Screening: This step ensures that only eligible candidates are considered for the next stages of the recruitment process.
  • Written Examination: This is an objective-type test that evaluates candidates on subjects like Quantitative Aptitude, English, Reasoning, Current Affairs, and Domain Knowledge (including Project Finance, Corporate Banking, Risk Management, etc.).
  • Behavioural Examination: Candidates who pass the written test move on to this stage, which assesses their personality traits and behaviour related to the job role.
  • Personal Interview: The final stage involves an interview where candidates are evaluated on their experience, knowledge, and overall suitability for the position.

Each stage is designed to ensure that only the most qualified candidates are selected for the Assistant Manager role.

IIFCI Assistant Manager 2024 Exam Pattern

The candidates have to clear the online examination to be qualified for the Interview. In the Online examination, questions will appear from the Reasoning Quantitative Aptitude English Language Current Affairs (Finacial Sector) and Domain knowledge section. There will be a negative marking of one-fourth for each answer marked wrong. The exam will be of 200 marks of 150 questions, out of which 50 questions are from the Domain Knowledge section of 100 marks (i.e. 2 marks for each question).

IIFCI Assistant Manager 2024 Exam Pattern
TestSectionNo. of Qs.Max. MarksDuration
Test IReasoning252560 minutes
Quantitative Aptitude2525
English Language2525
Current Affairs (Finacial Sector)2525
Total (Test I)1001001 hour
Test IIDomain Knowledge5010060 minutes
Total (Test I + Test II)1502002 hour

The domain knowledge includes the following topics (indicative and not exhaustive):

  • Project Finance
  • Corporate Banking, Treasury
  • General Management
  • Risk Management
  • Corporate Governance in the 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

IIFCI Assistant Manager 2024 Exam Centers

Candidates must choose their preferred exam centre when applying, but IIFCL has the right to change the centre if needed. Requests to change the exam centre, date, or session will not be accepted. If a centre has too few or too many candidates, IIFCL can assign a new centre. Candidates appear at their own risk and expense. If the exam is held in multiple sessions, scores will be adjusted for difficulty differences. Misbehaving during the exam can lead to disqualification. The online exam (Phase I) will be held in various cities across India, with a tentative list of centres has been given below.

Sr. No.Name of the Centres
1Jaipur
2Bhopal
3Patna
4Dehradun
5Visakhapatnam
6Ahmedabad/Gandhinagar
7Thiruvananthapuram
8Bengaluru
9Chandigarh/Mohali
10Bhubaneswar
11Chennai
12Kolkata/Greater Kolkata
13Lucknow
14Mumbai/Navi Mumbai/Greater Mumbai/MMR
15Nagpur
16New Delhi – NCR
17Raipur
18Ranchi
19Hyderabad
20Guwahati
21Jammu

FAQs

What is the total number of vacancies announced in the IIFCL Assistant Manager Recruitment 2024?

The total number of vacancies announced in the IIFCL Assistant Manager Recruitment 2024 is 40. These vacancies are for the Grade A Assistant Manager position. The recruitment is open to candidates from various categories, including General, OBC, SC, ST/EWS, PWD, and Ex-Servicemen.

What are the registration dates for IIFCL Assistant Manager Recruitment 2024?

The online application process begins on 7 December 2024 and closes on 23 December 2024.

When will the written exam for IIFCL Assistant Manager Recruitment 2024 be conducted?

The exam date will be announced by IIFCL after the completion of the application process.

How can I apply for IIFCL Assistant Manager Recruitment 2024?

You can apply online by visiting the official IIFCL website or from the link provided in the article and completing the application process between 7 December and 23 December 2024

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