Document Detail

Title: Notification

Reference No.: HR/Deputation/Dec/2014

Date: 29/12/2014

Appointment of Officers on Deputation from eligible officers working in PSU

I. Insurance Regulatory Authority (IRDA) is a statutory body formed under an Act of the Parliament.

II. The Authority proposes to fill up the following vacancies as Officers on Special Duty (OSD) through deputation of Officers from PSU Insurers/Financial Regulators/Central Government as detailed below.

Sl. No	Nameof equivalent post	Number of posts	Pay scale & Grade pay
1	Junior Officer-Technical	3	17100-1000(11)-28100-EB-1000(4)-32100-1100—33200/ Grade pay:Rs.1500
2	Junior Officer- IT	1	17100-1000(11)-28100-EB-1000(4)-32100-1100—33200/ Grade pay:Rs.1500
3	Junior Officer-Stenography	4	17100-1000(11)-28100-EB-1000(4)-32100-1100—33200/ Grade pay:Rs.1500
4	Assistant Director -Technical	3	Rs.21000-1000(9)-30000EB-1000(2)-32000-1100(4)-36400/ Grade pay:Rs.2250
5	Assistant Director - IT	1	Rs.21000-1000(9)-30000EB-1000(2)-32000-1100(4)-36400/ Grade pay:Rs.2250
6	Assistant Director -R&D	1	Rs.21000-1000(9)-30000EB-1000(2)-32000-1100(4)-36400/ Grade pay:Rs.2250
7	Assistant Director -Stenography	2	Rs.21000-1000(9)-30000EB-1000(2)-32000-1100(4)-36400/ Grade pay:Rs.2250
8	Sr. Assistant Director - Technical	5	Rs.28350–1000(5)– 33350-1150(4)-37950- EB-1150(3)-41400/ Grade pay:Rs.4500
9	Deputy Director - IT	2	Rs.39850–1200(2)–42250–1300(9) – 53950 Grade pay:Rs.6750

(Note: Depending on the requirements of the Authority, the no. of posts may vary and interchangeable among the skill stream as may be suitable within the cadre).

The willing and eligible Officers may submit their applications in the prescribed format through proper channel only, i.e., through their cadre controlling authority so as to reach the undersigned on or before 31/01/2015.

Sr. Joint Director (General)

Insurance Regulatory and Development Authority

3^rd floor, Parishram Bhavan

Hyderabad 500 029

Telangana

III. Details of eligibility and other conditions to be fulfilled as at January 1, 2015

1. Eligibility conditions for Junior Officer - Technical:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working in Life/Non-Life Insurance/Reinsurance/Agricultural or Credit or other types of Insurance /Actuarial area with computer skills and experience may apply. Preference would be given to officers with experience in analysis.

b. Minimum academic qualifications: Graduate and Associate of Insurance Institute of India or equivalent OR pass in four subjects of Institute of Actuaries of India

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade A of RBI/SEBI or in the pay scale equivalent to 17100-1000(11)-28100-EB-1000(4)-32100-1100(1)-33200

ii. PSU Insurers:

·Scale – I Officers with minimum two years of service in the scale of pay 17240-840(14)-29000-910(4)-32640

·Scale II Officers up to two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

iii. Central Government: Officers with minimum two years of service in the pay band Rs.9300-Rs.34800

2. Eligibility conditions for Junior Officer - IT:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working in Information Technology area with software, hardware and/or networking skills and experience and domain knowledge of Insurance may apply. Preference would be given to officers with Project management experience in Insurance related field.

b. Minimum academic qualifications: B. Tech (IT) or Computer Technology or BCA

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade A of RBI/SEBI or in the pay scale equivalent to 17100-1000(11)-28100-EB-1000(4)-32100-1100(1)-33200

ii. PSU Insurers:

· Scale – I Officers with minimum two years of service in the scale of pay 17240-840(14)-29000-910(4)-32640

· Scale II Officers up to two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

iii. Central Government: Officers with minimum two years of service in the pay band Rs.9300-Rs.34800

3. Eligibility conditions for Junior Officer - Stenography:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working as Stenographers, Personal/Executive Secretaries with computer skills and Secretarial experience may apply. Preference would be given to officers with experience in note preparation and records management.

b. Minimum academic qualifications: Graduateand qualifications or experience in stenography

c. Level of Officers eligible (Current post and scale of pay):

a. Financial Regulators: Officers equivalent to Grade A of RBI/SEBI or in the pay scale equivalent to 17100-1000(11)-28100-EB-1000(4)-32100-1100(1)-33200

b. PSU Insurers:

· Scale – I Officers with minimum two years of service in the scale of pay 17240-840(14)-29000-910(4)-32640

· Scale II Officers up to two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

c. Central Government: Officers with two years of service in the pay band Rs.9300-Rs.34800

4. Eligibility conditions for Assistant Director – Technical:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working in Life/Non-Life Insurance/Reinsurance/Agricultural or Credit or other types of Insurance/Actuarial area with computer skills and experience may apply.

b. Minimum academic qualifications: Graduate and Fellow of Insurance Institute of India or equivalent OR Pass in 5 subjects of Institute of Actuaries of India.

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400

ii. PSU Insurers:

· Scale II Officers with minimum two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

· Scale III Officers up to four years of service in the scale of pay 28160-840(1)-29000-910(6)-34460-1200(4)-39260

iii. Central Government: Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100 with Grade pay of Rs.5400

5. Eligibility conditions for Assistant Director – IT:

b. Minimum academic qualifications: B. Tech (IT) or Computer Technology or MCA or Masters in IT from a recognized university

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400

ii. PSU Insurers:

· Scale II Officers with minimum two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

· Scale III Officers up to four years of service in the scale of pay 28160-840(1)-29000-910(6)-34460-1200(4)-39260

iii. Central Government: Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100

6. Eligibility conditions for Assistant Director – R&D:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working in Research/Statistics and Publication area with computer skills and experience may apply. Preference would be given to officers with experience in statistical analysis of trends and publication of research reports.

b. Minimum academic qualifications: M Sc Statistics/M. Stat or equivalent

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400

ii. PSU Insurers:

· Scale II Officers with minimum two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

· Scale III Officers up to four years of service in the scale of pay 28160-840(1)-29000-910(6)-34460-1200(4)-39260

iii. Central Government: Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100

7. Eligibility conditions for Assistant Director – Stenography

b. Minimum academic qualifications: Graduateand qualifications or experience in stenography

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade B of RBI/SEBI or in the pay scale equivalent to 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400

ii. PSU Insurers:

· Scale II Officers with minimum two years of service in the scale of pay Rs.23120-840(7)-29000-910(6)-34460

· Scale III Officers up to four years of service in the scale of pay 28160-840(1)-29000-910(6)-34460-1200(4)-39260

iii. Central Government: Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100

8. Eligibility conditions for Sr. Assistant Director - Technical:

a. Officers holding analogous posts on regular basis in the parent cadre/Department working in Life/Non-Life Insurance/Reinsurance/Agricultural or Credit or other types of Insurance/Actuarial area with computer skills and experience may apply.

b. Minimum academic qualifications: Graduate and Fellow of Insurance Institute of India or equivalent OR Pass in 7 subjects of Institute of Actuaries of India.

c. Level of Officers eligible (Current post and scale of pay):

i. Financial Regulators: Officers equivalent to Grade C of RBI/SEBI or in the pay scale equivalent to 28350-1000(5)-33350-1150(4)-37950-EB-1150(3)-41400

ii. PSU Insurers:

· Scale III Officers with minimum five years of experience in the scale of pay 28160-840(1)-29000-910(6)-34460-1200(4)-39260

· Scale IV Officers up to five years of experience in the scale of pay 34460-1200(7)-42860

iii. Central Government: Officers with minimum three years of service in the pay band Rs.15600 – Rs.39100

9. Eligibility conditions for Deputy Director – Information Technology:

1. Officers holding analogous posts on regular basis in the parent cadre/Department working in Information Technology area with software, hardware and/or networking skills and experience and domain knowledge of Insurance may apply. Preference would be given to officers with Project management experience in Insurance related field.

2. Minimum academic qualifications: B. Tech (IT) or Computer Technology or MCA or Masters in IT from a recognized university.

3. Level of Officers eligible (Current post and scale of pay):

a. Financial Regulators: Officers in Grade D of RBI/SEBI or in the pay scale equivalent to 39850-1200(2)-42250-1300(3)-46150

b. PSU Insurers: Scale V Officers with basic pay of Rs.45260 and above

c. Central Government: Officers in the pay band Rs.37400 – Rs.67000

IV. General conditions:

· The Officer applying for any of the above posts should be holding an analogous post in PSU Insurers/Financial Regulators/Central Government.

· Maximum age of the applicant should be not more than 56 years for all posts reckoned as on 01-01-2015.

· The Officers occupying same group of posts with similar responsibilities and duties and identical scales of pay in the parent organization as specified in the eligibility conditions for each post are required to apply.

· Pay fixation and other terms of deputation shall be governed by DoPT Rules including OM No. 6/8/2009-Estt. (Pay II) dated 17-06-2010 as amended from time to time.

· The period of deputation shall be for 3 (three) years and may be extended up to 5 (Five) with the permission of the Hon’ble High Court for States of Telangana and Andhra Pradesh in Writ petition no. 18157 of 2013.

· Desirable experience: Applicants should have worked in Insurance/Financial services area in the last three years.

· Cooling off period: The applicants must fulfill a ‘cooling off’ period of three years from the date of return from previous deputation. Also the Officers currently serving the Authority on regular basis or on deputation or served the Authority on deputation during the last three years are not eligible apply.

· Separate application needs to be submitted for each post by applicants who apply for more than one post.

· The cadre controlling Authority is requested to forward the applications of the interested Officers whose services can be spared by duly filling up Part II of the application along with attested copies of ACRs/APARs of the Officer for the last three years, i.e. from 2011- 12 to 2013–14.

· The cadre controlling authority is requested to confirm requisite qualifications/experience for these posts mentioned by the applicant in the filled in application form.

· The Authority reserves the right to relax the conditions in the interest of administrative exigencies for any class or category of persons applied for any of the aforesaid post.

· The Authority reserves the right to vary the vacancies.

· The shortlisted candidates will be called for a personal interface.

· The applications received after the last date or incomplete or not through proper channel will not be considered.

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