Union Bank of India Notification for Appointment of Chief Financial Officer on Contractual Basis


Union Bank of India, the 5th largest public sector bank in India has given notification for appointment of Chief Financial Officer on contractual basis. Union Bank of India, the bank which serving the nation since 1919 is one of the leading public sector bank in India and having head office in Mumbai. Recently Andhra Bank and Corporation Bank were amalgamated into Union Bank of India and became 5th largest bank in India.  

Union Bank of India New logo after Amalgamation

Union Bank of India released notification for Appointment of Chief Financial Officer on Contractual Basis.

Appointment of Chief Financial Officer

PostChief Financial Officer
No. of Posts01
Application starting dateMarch 29, 2020
Last date for ApplicationApril 20, 2020
Application FeeRs 1000.00 (inclusive of GST) non refundable
Age As on 01.03.2020Minimum – 35 Years Maximum – 55 years
QUALIFICATIONEssential Qualification: He/She should be a Qualified Chartered Accountant.
WORK EXPERIENCEMandatory experience: Fifteen years in Overseeing Financial Operation, preferably Accounting and Taxation matters, in Banks/Large Corporate/PSUs/FIs/Financial Services Organizations, of which 10 years should be in Banks/FIs (of which Five years should be at Senior Management Level).
JOB PROFILEResponsible for timely preparation and submission of financial statements including profitability statements and Annual Report for the Bank. Overseeing the Statutory Auditing Process which includesØ appointment of Auditors, Communication of Guidelines & conduct of Audit throughout the Bank.  Monitoring critical Financial Parameters (Capital Adequacy,Ø Non-Interest Income, ROA, ROE etc.) for the Bank and highlights to top management/vertical heads to take mitigation actions as required.  Communicate both Banks’ expected and actual financialØ performance.  Ensuring Regulatory and Statutory filings and compliances ofØ Direct and Indirect Taxes (GST), various regulators viz RBI, SEBI, MoF etc. Compilation of financial statements in accordance with Indian Accounting Standards (Ind-AS). Policy formulation on the relevant functional area. Ensure preparation and administration of Staff Incentive Scheme (Individual, Group, and Campaign) as per the guidelines of GOI with inputs from Vertical Heads.  Overseeing development and maintenance of MIS ReportØ System to ensure accurate and updated reporting.  Any other work entrusted by the Bank from time to time.
LEAVEDuring the period of contractual engagement the candidate will be eligible to avail Paid Leave @ 1 day for each completed month, maximum 12 days over a period of 12 months, without carry forward facilities of accumulated leave. Leave may be availed not exceeding 4 days at a stretch. Any other absence shall be treated as on Loss of Pay affecting the Fixed Component of the compensation package. The accumulated leave will not be encashable.
PAY COMPENSATIONThe compensation and terms & conditions will be negotiated/ finalized depending upon the suitability of the candidate.
SELECTION PROCESSThe selection will be through Interview & Personal interaction on the basis of eligibility, experience, qualification & performance during Interview/interaction
TERMS OF CONTRACTThe Chief Financial Officer would Head the Bank’s Finance Function for a fixed contractual term of three years with Annual Performance Review. The Bank will be entitled to terminate the contract at any time without assigning any reason whatsoever, by giving 30 days notice or on payment of fixed Component Compensation equivalent to one Month’s fixed component of the compensation in lieu of such Notice. In case the appointee desires to terminate the contract before the expiry of the contractual period of three years, he / she will have to give to the Bank clear one month’s notice or make payment of one Month’s fixed component of the compensation in lieu of such Notice.
MISCELLANEOUSThe contract will be subject to satisfactory completion of all Pre-employment formalities including Medical examination, Reference checks, Police Verification and verification of testimonials etc., as prescribed by the Bank.
How to applyLog on to the Bank’s website “www.unionbankofindia.co.in” and on the Home Page under the link “Recruitment” click the Notification titled “NOTIFICATION FOR APPOINTMENT AS CHIEF FINANCIAL OFFICER ON CONTRACTUAL BASIS”.There will be two links available on the page. Click on the link “Notification” to download and print the Notification, including the ‘RECRUITMENT APPLICATION FEE PAYMENT CHALLAN’ on page 5.Read the notification carefully and if found eligible to apply, click on the link “Application Form” to download the required Application Form.
Fee PaymentFill in the Recruitment Application Fee payment Challan in clear and legible handwriting in BLOCK LETTERS.Go to the nearest Union Bank of India Branch with the Application Fee Challan and deposit the appropriate Application Fee in cash. Please obtain the Applicant’s Counterfoil Copy of the Application Fee Payment Challan duly issued by the bank with (a) Branch Name, (b) Branch Sol ID, (c) TRANS ID, and (d) Date of Deposit filled in by the Branch Official for filling in application form and as a proof to submit along with duly signed hardcopy of application form. OR Alternatively you can also pay the fee directly through NEFT to the credit of following account of the Bank Name of the account – Union Bank of India – Recruitment Project Type of Account – Current Account No. 378901010037011 Bank & Branch – Union Bank of India, Nariman Point (MMO) Branch IFSC Code – UBIN0537896 Attach proof of payment of fee through NEFT along with UTR No. and Transaction No.
Submission of ApplicationFill in the required details in the word file of the Application Format and take a print out of duly filled Application Form. Affix your latest Passport size photograph (signed across) on the application form and sign the application form at the appropriate places. Please send the following documents by email to recruitment@unionbankofindia.com and ensure that it reaches this office by 20.04.2020 (24.00 hrs). Scanned copy of duly filled and signed Application form in PDF format. Duly filled Soft copy of the Application as word file. Photocopy of the Application Fee Challan/Proof of payment through NEFT with UTR Number Bank will send a confirmation mail to the applicant/s after receiving the application. In case any applicant does not get the confirmation mail within two working days from the date of emailing the application over mail, they may consider that their application has not reached successfully and should resend their documents as stated above. They can also enquire the status of their application by contacting Recruitment Division on 022- 22896226/6240. The Applicants are required to keep the original Application Form with them and should bring the same for submission along with one set of the requisite documents in support of their eligibility when called for Personal Interview. Also, ensure to bring along the Original Documents in support of eligibility and experience for verification at the time of Personal Interview. Note: The Bank will not be responsible if the applicant is not able to send the application within the stipulated date on account of any reason whatsoever.
General InstructionsDecision of the Bank in all matters regarding eligibility of the applicant, the stages at which such scrutiny of eligibility is to be undertaken, documents to be produced, Personal Interview, selection and any other matter relating to recruitment will be final and binding on the applicant. While applying for the post, the applicant should ensure that he / she fulfills the eligibility and other criteria mentioned above and that the particulars furnished are correct in all respects. In case it is detected at any stage of recruitment that applicant does not fulfill the eligibility norms and / or that he / she has furnished any incorrect / false information/document or has suppressed any material fact(s), his / her candidature will automatically stand cancelled. If any of the above shortcoming(s) is / are detected even after recruitment, his/her contract is liable to be terminated without any notice. Payment of Application Fees by any other mode except by the above stated mode will not be accepted. Instruments like Demand Draft / Bankers Cheques / Indian Postal Orders received towards payment of Application Fees will not be encashed by the Bank and such instruments if received will not be returned to the applicants and the application of the candidate will not be considered. Mere submission of application against the advertisement and apparently fulfilling the criteria as prescribed in the advertisement would not bestow on him / her right to be called for Personal Interview. Incomplete applications and / or applications without aforesaid documents will be rejected outright without assigning any reason thereof.An application once made will not be allowed to be withdrawn and the fees once paid will not be refunded on any account nor can it be held in reserve for any other examination or selection. Therefore before applying for the post, the applicant should ensure that he / she fulfill each of the eligibility criteria and other norms, including submission of documents, as mentioned in this notification.Information regarding Personal Interview will be displayed on the Bank’s website. It will also be sent to shortlisted applicants on their email ID provided by the candidate in the application. While every effort will be made to ensure that the Intimation to the eligible applicants, short listed for attending the Personal Interview will be sent sufficiently in advance, the Bank will not be held responsible for delay in receiving the intimation by the applicant for any reason whatsoever. The applicants are advised to keep track of the status of their candidature by visiting the Bank’s website and their own email ID from time to time. The Bank reserves the right to alter, modify or change the eligibility criteria and / or any of the other terms and conditions spelt out in this Notification. Any resultant dispute arising out of this Notification shall be subject to the sole jurisdiction of the Courts situated in Mumbai.
Fee ChallanCLICK HERE *5th page in Notification
Application FormCLICK HERE **6th to 8th Page in Notification
Original NotificationCLICK HERE
Bank WebsiteCLICK HERE

* Kindly refer the original notification before doing any financial transaction. www.latestgovtexams.com site will not liable for any changes in the notification in future.


One Comment

  1. https://waterfallmagazine.com
    I know this if off topic but I’m looking into starting my own weblog and was curious what all is
    needed to get setup? I’m assuming having a blog like yours
    would cost a pretty penny? I’m not very internet savvy
    so I’m not 100% certain. Any recommendations or advice would be greatly appreciated.


Leave a Reply

Your email address will not be published. Required fields are marked *