Damodar Valley Corporation, DVC is inviting applications form for DVC Executive Trainee Finance 2024 for result-oriented and promising Graduates with a Chartered Accountant (CA) through Computer Based Examination Test (CBT) for the total of 07 Posts.

No other means/mode of submission of applications will be accepted for DVC Executive Trainee Finance 2024. The number of vacancies advertised is tentative and may decrease or increase.

To access further details regarding the recruitment, such as the syllabus, age criteria, qualifications, salary scale, and any additional information, please review the advertisement thoroughly before proceeding with your application.

DVC Executive Trainee Finance 2024

Advt No. PLR/Fin & MO/2024/07/04

Important dates

• Application Begin : 18/07/2024
• Last Date for Apply : 07/08/2024
• Fee Payment Last Date : 07/08/2024
• Complete Application form : 07/08/2024
• Admit Card : Before Exam
• Examination CBT Date : As Scheduled

Fee details for the Application Form

• General(UR)/OBC/EWS : 300/-
• SC/ST : 0/- (Exempted)
• PwD (Special Ability) :0/- (Exempted)
• Ex-SM and Departmental Candidates : 0/- (Exempted)
• Pay the exam fee through Debit/Credit Cards, UPI, Net Banking, E-Challan etc.

Age eligibility and age relaxation

Age eligibility as on 07.08.2024

• Maximum Age Limit: 29 Years
• No Upper age limit for departmental candidates.

• Age Relaxation:
  • OBC (NCL): 3 years
  • SC/ST: 5 years
  • PwBD: 10 years over and above category relaxation
  • Ex-Servicemen/Victims of riots: As per Govt. of India directives

Educational eligibility for DVC Executive Trainee Finance 2024 : 07 Posts

Post Name	Educational Eligibility
Executive Trainee (Finance), 2024/13	• Chartered Accountant (CA) from Institute of Chartered Accountants of India (ICAI) OR • Cost & Management Accountant (CMA) from Institute of Cost Accountants of India (ICAI) OR • MBA Degree in Finance OR • Post Graduate Executive/Degree (at least 2 years full-time) in Finance from AICTE approved university/institution • 65% marks for General/ OBC(NCL)/ EWS & 60% marks for SC/ST/ PwBD Candidates.

Category wise vacancy for DVC Executive Trainee Finance 2024 : 07 Posts

Post Name & No.	UR	OBC (NCL)	SC	ST	EWS	TOTAL
EXECUTIVE TRAINEE (Finance) 2024/13	05	01	00	00	01	07

Selection Procedure for DVC Executive Trainee Finance 2024

• Written Test /CBT
  • CBT shall be of Objective Type (each question shall have four answer options) of two hours’ duration consisting of two parts for ET (Finance)
• Document Verification

Final selection will be based on the CBT examination after successful completion of Medical test and documents verification.

Examination Scheme & Pattern : DVC Executive Trainee Finance 2024

Written Test /CBT :-

• CBT shall be of Objective Type (each question shall have four answer options) of two hours’ duration consisting of two parts for ET (Finance)
• Part-I consists of the Executive Aptitude Test (EAT) on vocabulary, verbal comprehension, quantitative
  aptitude, reasoning ability, data sufficiency and interpretation, numerical ability etc.
• Part-II consists of Professional Knowledge Test (PKT) having specific questions from respective
  discipline.
• Pattern of question paper: The question paper will be bilingual i.e. both in English and Hindi, except the test of English knowledge(objective). All the questions will be objective type and shall have 4 options of which one option will be correct.
• Duration of the computer based test – Total duration would be 2 hours comprising of the Professional Knowledge Test (PKT) and Executive Aptitude Test (EAT).
• No. of questions in each part i.e. in Professional Knowledge Test (PKT) and Executive Aptitude Test (EAT)- – There will be 30 numbers of Professional Knowledge Test (PKT) and 70 numbers of questions in Executive Aptitude Test (EAT) and. Thus, there will be 100 numbers of questions.
• Marks of each question and total marks of the question paper – Each question would carry 1 mark and the total marks of the paper (Professional Knowledge and Executive Aptitude) would be 100.
• Negative marking – There will be a negative marking of 0.25 mark for each wrong answer. However, no mark will be deducted for not attempting the question by candidate.

Examination Syllabus : DVC Executive Trainee Finance 2024

Indicative Syllabus for Computer Based Test (CBT) Salient Points:

1. Syllabus for Executive Aptitude Test (EAT): DVC Executive Trainee Finance 2024

General Intelligence & Reasoning: Includes questions of both verbal and non-verbal types, covering analogies, similarities, differences, space visualization, problem solving, analysis, judgment, decision making, visual memory, discrimination, observation, relationship concepts, arithmetical reasoning, verbal and figure classification, arithmetical number series, etc.

General Awareness: Tests the candidate’s general awareness of the environment around them and its application to society. Includes knowledge of current events, history, culture, geography, economic scene, general polity, and scientific research.

General English: Covers English Language and Grammar, including Narration, Voice, Basic Sentence Patterns, Transformation of Sentences, Determiners and Preposition, Tenses, Prefix, Suffix, Parts Of Speech, Modals, Phrases, Idioms, and Vocabulary.

2. Syllabus for Professional Knowledge Test (PKT): DVC Executive Trainee Finance 2024

Accounting:

• Accounting Fundamentals: Accounting principles, concepts, conventions, capital and revenue transactions, receipts and expenditures, rectification of errors, depreciation, and amortization.
• Accounting Standards. Accounting standards, gaap, convergence to ind – as – applicability and scope , disclosure of accounting policies, property plant and equipment, effects of changes in foreign exchange rates, accounting for government grants , borrowing costs, accounting for taxes on income.
• Application Of Accounting Standards : Accounting standards Corporate Accounting: Accounting for shares and debentures, preparation of profit and loss and balance sheet (companies act 2013), cash flow statement, accounting for employee stock option plan, buy back of securities, equity shares with differential rights, amalgamation, reconstruction, liquidation, differed tax, asset / liabilities accounting of terminal benefits liability, other comprehensive income, etc.

Taxation

• Direct Tax: Profit and gains from business or profession, capital gains, income from other sources, total income, set off and carryforward of losses, deductions, rebate and relief, advance tax, tax deducted at source and tax collected at source, filling of return, pan, self assessment and intimation.
• Direct Tax Laws: Tax management, return and assessment procedure, grievance redressal, penalties and prosecutions, aspects of tax planning, cbdt and other authorities.
• Indirect Tax: Concept and procedure of indirect taxes, goods and services tax – application of cgst and igst , charge of tax including reverse charge, exemption from tax, composition levy , input tax credit , computation of gst liability, registration, tax invoice, return and payment of taxes, custom acts and rules.

Cost And Management Accounting

• Overview Of Cost and Management Accounting: Cost ascertainment- material cost, employee cost, direct expenses, overheads, cost, bookkeeping, reconciliation of costing and financial profits, cost reduction and cost control, activity based costing.
• Methods and Techniques of Costing: Job, batch, contract, process, operating costing, marginal costing, standard costing, variance analysis, budget, and budgetary control.

Advanced Financial Management:

• Fundamentals of Financial Management: Objectives, scope and functions of financial management, profits and value maximization principles, time value of money, future value, present value, annuity, perpetuity, compound annual growth rate (CAGR), risk and return, capital asset pricing model.
• Institutions and Instruments of Financial Markets: RBI, commercial banks, NBFCs, insurance companies, pension funds, SEBI regulations, venture capital, private equity, hedge funds, capital markets, capital market and money market.
• Sources of Finance and Cost of Capital: Long-term and short-term sources, cost of capital, and weighted average cost of capital.
• Tools of Financial Analysis: Ratio analysis, cash flow and funds flow analysis.
• Financing Decisions: Capital budgeting, working capital management, inventory management, receivables and payables management, financing working capital, leverage analysis, EBIT and EPS analysis, dividend decisions, dividend theories, NPV and IRR, sensitivity analysis, lease decisions, securitization.
• Security Analysis and Portfolio Management: Equity and bond valuation, performance evaluation, mutual funds, portfolio theory, asset pricing theories, risks in financial markets, financial derivatives, international finance, digital finance.
• Business Data Analytics: Data science for business decision-making, types of data in finance and costing, digitization of data and information, data analysis and modeling, cloud computing, business intelligence, artificial intelligence, machine learning.

Financial Reporting:

• Valuation of shares, goodwill, accounting of financial instruments, NBFCs, accounting for business combination and restructuring, consolidated financial statements, separate financial statements.

Cost and Management Audit:

• Companies (cost records and audit) rules, cost accounting standards, management audit, internal control, and internal audit.

Strategic Cost Management:

• Activity based costing, just in time, quantitative techniques in decision making, transfer pricing.

Corporate Laws:

• The Companies Act 2013, corporate governance, social responsibility and sustainability, SEBI regulations, laws relating to banking, insurance, MSME sector.

Pay, Allowance and Other Benefits

Pay Scale

Post Name	Pay Level
EXECUTIVE TRAINEE(Finance) 2024/13	Rs 56,100-1,77,500/- in Pay Matrix Level-10 of 7th CPC (M2 grade)

Allowances

• Transport Allowance
• House Rent Allowance/Leased Accommodation Facility/Housing
• Site Location Allowance
• Professional Update Allowance (Annual)

Employee Benefits & Miscellaneous Facilities :

• Leave Travel Allowance
• Leave and Leave Encashment
• Medical Facility for Self & Dependents (CHSS)
• Education Facility for children within township
• Children Education Assistance
• Reimbursement of Cable TV Charges
• Reimbursement of Mobile Phone Charges
• Reimbursement of News Paper Charges
• Reimbursement of Membership fees for Professional Institution
• Canteen Subsidy

Incentives :

• Performance Linked Incentive

Loans & Advances :

• Interest bearing advances (for House Building, General Purpose)

Retirement Benefits/Social Security Schemes :

• Employees Provident Fund
• Gratuity
• Post-Retirement Medical Care
• Payment of Ex-gratia to Families of Employees who Die While in
• Service and missing employees
• Benevolent Fund
• Group Insurance

Before applying online, it’s important for interested candidates to carefully read through the entire notification. www.vacancyboard.in

Service Agreement Bond

Bond Details	Probation Period
General/OBC(NCL)/EWS Candidates	01 year
SC/ST/PwD Candidates	01 year
Bond Amount	• Rs. 5,00,000 + applicable interest (General/ OBC/ EWS) • Rs. 2,50,000 + applicable interest (SC/ ST/ PwD)
Mandatory Service Period After Probation	03 years
Total Commitment Period	04 years (including probation)

Documents/ Testimonials to be brought mandatorily at the time of
Documents Verification (DV)

• While appearing for Documents Verification at the time of joining, the candidates are required to produce his/her proof of Identity in Original such as:-
  • Aadhaar Card,
  • Voter Card,
  • Pan Card,
  • Driving License,
  • Passport etc.
  • Educational Certificates
  • Cast Certificate

Links for online application form

Registration	Click here
Apply Online/ Login	Click here
Download Notification	Click here
DVC Official Website	Click here

FAQs for DVC Executive Trainee Finance 2024

All the best to all enthusiastic Aspirants! www.vacancyboard.in Congratulations!