PFRDA Announced Job Notification For Junior Economist Vacancies - 60000 Salary - Apply Now

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Last Updated: Nov 11,2020 12:37 IST
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PFRDA Announced Job Notification For Junior Economist Vacancies - 60000 Salary - Apply Now PFRDA Recruitment of Junior Economist Jobs
PFRDA Junior Economist Recruitment 2021: Pension Fund Regulatory and Development Authority (PFRDA) invites application for the position Junior Economist etc. Read details, eligibility criteria mentioned below for the vacancy and eligible candidates can submit their application directly to PFRDA before 11-12-2020.

PFRDA Recruitment 2021 for Economist Notification in New Delhi

PFRDA Recruitment 2021Details
Job Role Junior Economist
Education RequirementM.A
Total Vacancy1 Post
Job LocationsNew Delhi
Age LimitAge (As on 31/10/2020): Not above 35 years.
Experience1 - 5 years
Salary40000 - 60000(Per Month)
Posted on11-11-2020
Last Date To Apply11-12-2020

Qualification in Details:

Pension Fund Regulatory and Development Authority (PFRDA/ Authority) is a statutory regulatory body established under the PFRDA Act (23 of 2013) passed by the Parliament of India with the mandate to promote, develop and regulate Pension sector in India. PFRDA invites applications from Indian citizens for engagement of One (01) ‘Junior Economist’ purely on contract basis. The number of positions is liable to change.

1. Name of the Post: junior Economist

2. No. of Post: One (01)

3. Educational Qualification: Post Graduation in Economics/ Econometrics/ Developmental Economics from a University recognized by UGC or an Institute established by an Act of Parliament of India.

4. Experience: Minimum of one (01) year post qualification experience in the field of economics, preferably in the financial sector.

5. Monthly Consolidated Remuneration (In Rs.):

a) Years of Post Qualification Experience - Consolidated Monthly Remuneration (Rs.) (Inclusive of all taxes and statutory dues)

i) 1 - 2 year - 40,000/-

ii) 2 - 3 year - 45,000/-

iii) 3 - 4 year - 50,000/-

iv) 4 - 5 year - 55,000/-

v) 5 year and more - 60,000/-

No other benefits/ reimbursements except T.A./D.A. (as per rate determined by the Authority) in case of official tour would be admissible other than the consolidated monthly remuneration.

6. Tenure Of Contract: 

a) The selected candidate would be engaged purely on contract basis for a period of three (03) years. The year-onyear continuity of contract shall be subject to satisfactory annual review of candidate’s performance. The tenure of contract may be further extended after its expiry depending on requirement and mutual consent of both the parties.

b) The contract may be terminated by either of the parties without assigning any reason, by giving two (2) months’ notice or payment of two (2) months’ remuneration in lieu thereof to the other party.

Age Limit:

Age (As on 31/10/2020): Not above 35 years.

Duties And Responsibilities:

1. The selected candidate is inter-alia expected to assist in performing Market Watch & Research related tasks like analysis of NPS/ APY data, upkeep of database on NPS/ APY; Preparation of Annual Report of PFRDA; Monthly Pension Bulletins; Co-ordination with FSDC/ FSLRC/ IOPS/ OECD and Interregulatory forums etc.

2. The above duties and responsibilities are only indicative in nature and the selected candidate would be liable to be assigned any other additional duties and responsibilities as may be determined by the Competent Authority from time to time.

General Instructions

1. Applications which are incomplete or not as per the specified format, or received after the prescribed date or received without supporting documents in respect of age, educational qualification, experience, etc., as applicable, will be summarily rejected and will not be considered. The candidates are required to submit a brief profile (not exceeding 3 pages) regarding their qualification and experience along with the duly filled application form.

2. The Competent Authority reserves the right to call for additional documents from the candidate, as may be determined, for validating the eligibility by email/ post which will have to be furnished within prescribed timelines. Failure to submit such additional document within the stipulated timelines will result in disqualification of the candidature of the candidate and the application shall be summarily rejected.

3. Mode of Selection will be Written Test followed by Group Discussion and Personal Interview. The Competent Authority reserves the right to modify the selection procedure at any time, if deemed fit. If necessitated, the Authority reserves the right to shortlist the candidate to be called for Written Test based on his/her educational qualification, experience and profile, etc. Thus, merely fulfilling the eligibility conditions as laid down in the advertisement as regards qualification and experience, would not automatically entitle any candidate to be called for the interview. The Authority reserves the right to raise the minimum standard in respect of qualification and experience in order to restrict the number of candidates to be called for the interview.

4. Candidates should satisfy themselves about their eligibility for the post applied for. The Authority shall determine their eligibility only at the final stage, i.e. while calling them for written test and interview.

5. The Authority reserves the right to relax any of the eligibility criteria in deserving cases.

6. The Candidate will NOT be entitled to permanent (regular) employment in PFRDA at any point of time.

7. Candidates working in Govt. / Quasi Government Organizations/ Regulatory Bodies/ Public Sector organizations, Banks, Financial Institutions and desirous of applying should submit their application along with a valid ‘No Objection Certificate (N.O.C)’ issued by their employer so as to reach the address as given at Point 15 on or before the due date. If selected, the candidate should submit a proper discharge certificate from employer before joining in PFRDA. The terms of contract will be broadly based on the terms and conditions of this advertisement.

8. The Authority reserves the right to cancel the advertisement fully or partly on any grounds without assigning any reasons whatsoever.

9. Canvassing in any form will disqualify the candidature of the candidate.

10. If the candidate is found to be not eligible or knowingly or willfully furnishes incorrect or false particulars or suppresses material information, his/her candidature will be liable to be cancelled at any stage of the selection. If the candidate qualifies in selection process and subsequently it is found that he/she does not fulfill the eligibility criteria, his/her candidature will be cancelled and if engaged, his/her services would be terminated/forthwith without any notice or compensation.

11. Applications received after due date will not be entertained. The Authority takes no responsibility for any delay in receipt of application or loss thereof in postal transit.

12. The decision of Authority in all matters would be final and binding, and no correspondence in this regard would be entertained. Any matter related to the engagement of ‘Junior Economist’ or the procedure for the engagement shall be governed by the Laws of Union of India. Only courts in New Delhi (with exclusion of all other courts) shall have the exclusive jurisdiction to decide or adjudicate on any matter or dispute which may arise in connection with the selection process.

13. Outstation candidates called for interview will be reimbursed II class AC rail fare towards to and fro journey, subject to submission of necessary documentary evidence.

14. All Notices / Corrigendums / Addendums pertaining to this exercise will be made available on the website of PFRDA at www.pfrda.org.in, only and therefore, applicants are advised to regularly visit the website till the exercise is finally over.


Address

The General Manager (Admin & HR) Pension Fund Regulatory and Development Authority (PFRDA) B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110016

Selection Procedure

1. Mode of Selection will be Written Test followed by Group Discussion and Personal Interview. The Competent Authority reserves the right to modify the selection procedure at any time, if deemed fit. If necessitated, the Authority reserves the right to shortlist the candidate to be called for Written Test based on his/her educational qualification, experience and profile, etc. Thus, merely fulfilling the eligibility conditions as laid down in the advertisement as regards qualification and experience, would not automatically entitle any candidate to be called for the interview. The Authority reserves the right to raise the minimum standard in respect of qualification and experience in order to restrict the number of candidates to be called for the interview.

2. Candidates should satisfy themselves about their eligibility for the post applied for. The Authority shall determine their eligibility only at the final stage, i.e. while calling them for written test and interview.

3. The Authority reserves the right to relax any of the eligibility criteria in deserving cases.

Apply Procedure

1. Applications should be sent by Ordinary post/ Speed post (without AD) in a cover superscribing “Application for the post of ‘Junior Economist’ on contract basis” to the following address so as to reach latest by and not after, 11 December 2020 (Friday). 

2. The General Manager (Admin & HR) Pension Fund Regulatory and Development Authority (PFRDA) B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110016

3. Scanned applications along with supporting documents should additionally be sent through email at [email protected] latest by 11 December 2020 (Friday).


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