NMDC Limited Recruitment: Director (Finance) Position – Apply for a Prestigious PSU Role
Job Opportunity:
NMDC Limited, a premier public sector undertaking (PSU) in the mining and quarrying sector, is looking for a qualified and experienced professional to fill the prestigious position of Director (Finance). If you have a passion for finance, a deep understanding of accounting practices, and possess the leadership qualities required to manage the financial strategies of a large organization, this is your opportunity to be part of a dynamic and esteemed organization.
About NMDC Limited:
NMDC Limited is a state-owned mineral producer and among the largest in India, engaged in the mining and exploration of iron ore and other minerals. Based in Hyderabad, it is a major player in the mining and quarrying industry of India. The company is dedicated to providing excellence, fostering growth, and helping develop the country’s mining sector.
As a part of its expansion and growth strategy, NMDC Limited is looking to appoint a Director (Finance) to manage the financial well-being and strategies of the company. This leadership position presents a rare opportunity to shape major decisions and contribute to NMDC’s sustained success.
Key Responsibilities of the Director (Finance):
You will be an important member of the Board of Directors at NMDC and will directly report to the Chairman and Managing Director. You will have a diverse set of strategic and operational duties regarding the company’s financial management. Below are the key responsibilities for this position:
Strategic Financial Management:
Develop financial policies and strategies for the long-term financial growth and stability of the organization.
Control and direct overall accounting and financial operations of the company.
Direct the execution of financial policies so that they are in sync with the overall business goals and regulatory compliance.
Budgeting and Financial Planning:
Oversee the development of the company’s budget on an annual basis, in sync with the operational plans and corporate goals.
Make sure the financial forecasting and financial planning procedures are executed effectively.
Measure financial performance and see that the company’s resources are effectively utilized in order to accomplish desired goals.
Financial Reporting:
Direct the preparation and presentation of financial statements with a view to meeting statutory and regulatory requirements.
Ensure an effective relationship with external auditors and on-time and accurate reporting.
Review cash flow and financial performance for providing strategic guidance and ensuring liquidity management at an optimum level.
Risk Management:
Identify risks in finance and institute risk-mitigation strategies.
Ensure that the financial policies and procedures of the company meet all relevant laws and regulations, reducing operational and financial risks.
Assess risks associated with different business activities and suggest mitigation strategies.
Leadership and Team Management:
Manage and guide a group of finance professionals to ensure efficient performance and development.
Promote transparency, accountability, and a continuous improvement culture within the finance department.
Interact with other departments and external stakeholders to align financial strategies and targets with the overall vision of the company.
Stakeholder Engagement:
Keep government agencies, shareholders, and other stakeholders informed to manage their expectations and maintain regulatory compliance.
Present financial information and advice to the board and other senior management teams to inform decision-making.
Required Qualifications:
NMDC Limited seeks applicants who possess the following key qualifications and experience:
Educational Qualifications:
Postgraduate degree in finance, business administration, or equivalent.
Professional qualifications like CA (Chartered Accountant), ICWA (Institute of Cost and Works Accountants), or MBA/PGDM with finance specialization are desirable.
Experience:
Minimum 5 years of experience in the finance and accounting field, with at least a couple of years in a senior leadership position.
A track record of success in strategic financial planning, financial reporting, and financial operation management in big organizations, ideally in the public or PSU domain.
Risk management, budgeting, and management of financial systems and audits experience is a must.
Leadership Skills:
Excellent leadership and team-building skills to lead and inspire the finance team.
Good communication skills to clearly interact with the board, top management, and external stakeholders.
Skill to analyze intricate financial information and offer strategic advice towards organizational development.
Age Specifications:
Candidates should be 45 years or above as of March 19, 2025.
Priority will be taken into consideration for those born on or before March 6, 1980.
Other Important Information:
Job Location: This vacancy is available for candidates who are willing to work based in all of India since NMDC operates within different locations in the nation.
Salary: The successful candidate will be provided a competitive monthly salary of ₹180,000 – ₹340,000. This is a full-time job with high responsibility and professional development opportunity.
Number of Openings: 1
Gender Preferences: The job is available for applicants of both genders.
Ex-Servicemen: Though ex-servicemen are free to apply, there is no special preference for ex-servicemen in this job.
How to Apply:
Eligible and interested candidates are requested to apply before the closing date of application: April 14, 2025. You can apply online or from the website of NMDC Limited. Make sure your application is in order and has all supporting documents, including educational qualifications, professional certifications, and work experience proof.
Why You Should Apply For This Job:
This position provides a great opportunity to be associated with one of India’s top PSUs in the mining industry. As Director (Finance) in NMDC, you will have a key role to play in defining the financial policies and strategies of the company, directly contributing to its success and growth. The leadership skills you will develop in this position will be extremely beneficial for your future career growth.
Moreover, the competitive pay, the seniority of the position, and the chance to work with an energetic team also make this a worthy offer for experienced finance professionals.
In Conclusion:
If you’re a seasoned financial leader with a track record of managing large-scale finance operations and possess the necessary qualifications, this is the opportunity you’ve been waiting for. NMDC Limited presents you with the opportunity to head its financial strategies, contribute meaningfully to its future, and boost your career along the way.
Do not miss this chance to become a member of a world-class public sector organization and work towards building the nation’s mining sector. Apply now and start your next rung in your professional ladder as the Director (Finance) in NMDC Limited.