Power Gird Job Circular: Power Grid Bangladesh PLC, a prominent institution responsible for maintaining and developing the national power grid, has announced an exceptional career opportunity. The organization invites applications from qualified and experienced professionals for the Executive Director (Finance) position. This prestigious role offers an attractive compensation package and the chance to lead a vital sector contributing to Bangladesh’s energy infrastructure. Below, we delve into the details of the position, including eligibility criteria, benefits, and application procedures.
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Power Gird Job Circular Position Overview: Executive Director (Finance)
The Executive Director (Finance) position is a senior leadership role at Power Grid Bangladesh. The selected candidate will oversee the organization’s financial operations, ensure compliance with regulations, and drive strategic financial initiatives. The full-time position is based in Dhaka, reflecting its pivotal role in national-level power grid management.
Salary and Benefits
The remuneration package for the Executive Director (Finance) includes:
- Basic Salary: Tk. 1,45,000 per month.
- House Rent Allowance: Equivalent to 50% of the basic salary.
- Additional Benefits:
- Festival bonuses (two annually).
- Bengali New Year allowance, calculated as 20% of the basic salary.
- Comprehensive insurance coverage, including contributory provident fund and group insurance.
- Facilities include full-time transport, medical reimbursements, leave encashments, annual increments, and gratuity.
This competitive package underscores Power Grid Bangladesh’s commitment to attracting and retaining top talent for this crucial role.
Power Gird Job Circular Qualifications and Experience
The Executive Director (Finance) role demands academic excellence, substantial professional experience, and leadership abilities. Key eligibility criteria include:
- Educational Background:
- A Master’s degree in Commerce, Finance, Accounting, or MBA/MBS specializing in Finance/Accounting.
- Alternatively, candidates with FCA or FCMA qualifications and a Master’s degree from a recognized university are eligible.
- Applicants must have a CGPA of at least 3.5 (on a 5.0 scale) or 2.5 (on a 4.0 scale). Those following a traditional grading system must secure at least a second-class/division.
- Professional Experience:
- At least five years in a senior managerial role, preferably as DGM or an equivalent position.
- At least 20 years of professional experience, with five years in power generation, transmission, or distribution utility sectors.
- Skills and Expertise:
- In-depth knowledge of government financial regulations, the Public Procurement Act (PPA), and Public Procurement Rules (PPR).
- Proficiency in corporate finance, tax and VAT laws, corporate governance, and strategic management.
- Leadership abilities and participatory management skills are essential.
- Strong communication skills in Bengali and English, including expertise in computer applications.
- Age Limit:
- Applicants must be under 60 years old as of December 8, 2024. The contract is renewable for up to 62 years based on performance.
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Responsibilities of the Executive Director (Finance)
The Executive Director will oversee various financial and managerial responsibilities, ensuring fiscal health and operational efficiency. Responsibilities include:
- Strategic Planning and Execution:
- Developing and implementing financial strategies that align with the organization’s mission and objectives.
- Ensuring effective utilization of resources to support power grid operations.
- Regulatory Compliance:
- Maintaining adherence to all financial laws, rules, and guidelines set forth by the government and other authorities.
- Supervising audits and ensuring transparent financial reporting.
- Leadership and Team Management:
- Building and leading a team of finance professionals.
- Encouraging participatory leadership and fostering a collaborative work environment.
- Financial Management:
- Overseeing budgets, investments, and expenditures.
- Driving cost-saving measures without compromising on operational excellence.
- Stakeholder Engagement:
- Liaising with regulatory bodies, stakeholders, and government officials.
- Representing the organization at high-level meetings and discussions.
Application Process
Candidates interested in this prestigious role must follow a structured application procedure:
- Submission Deadline:
- Applications must reach the office of the Executive Director (HRM) at Power Grid Bangladesh by December 31, 2024.
- Required Documents:
- A comprehensive bio-data detailing educational qualifications and professional experience.
- Three recent passport-size photographs.
- Attested copies of all academic and experience certificates.
- Copies of NID and citizenship certificates.
- A pay order of Tk. 2,000, payable to Power Grid Bangladesh PLC.
- Application Format:
- Applications should be submitted in hard copy form to the designated address.
- Special Notes:
- Candidates employed in government, semi-government, or autonomous organizations must apply through proper channels.
Read More: School Admission Result
Terms and Conditions
Candidates should be aware of the following conditions:
- Contractual Nature:
- Initially, the appointment will be on a contractual basis for five years. Renewal depends on performance and organizational requirements.
- The contract is extendable until the age of 62.
- Authority’s Rights:
- Power Grid Bangladesh reserves the right to cancel the job announcement or reject any application without explanation.
- Integrity Assurance:
- Any false declaration or misinformation will lead to disqualification and possible legal actions.
- Transparency Commitment:
- The organization aims to maintain transparency and impartiality throughout the selection process.
Why Choose Power Grid Bangladesh?
Power Grid Bangladesh PLC is a cornerstone of the country’s energy infrastructure and is pivotal in powering the nation’s development. Joining this organization as an Executive Director (Finance) offers financial rewards and an opportunity to make a significant impact. By leveraging your skills and expertise, you can contribute to national growth while advancing your career in an environment that values innovation, leadership, and excellence.
Conclusion
The Executive Director (Finance) position at Power Grid Bangladesh PLC represents an incredible opportunity for seasoned finance professionals. With a competitive salary, comprehensive benefits, and a chance to lead in the critical energy sector, this role is perfect for candidates seeking to challenge themselves and make a difference. If you meet the qualifications and are driven to succeed, don’t miss the chance to apply by the December 31 deadline.