Manager (Finance) - ISM

Key Responsibilities:

Conduct comprehensive financial appraisal and due diligence of project

proposals submitted by applicant entities.

• Verify project cost structures, eligible capital expenditure, and incentive

calculations in accordance with approved guidelines.

• Assess financial viability, promoter contribution, debtequity ratios, and ensure

alignment with the prescribed financial parameters.

• Examine disbursement claims, fund utilization statements, and statutory audit

reports to validate claims for financial assistance.

• Review and confirm supporting documentation such as technical appraisals,

auditor certificates, and cost-benefit analyses submitted by applicants.

• Ensure strict compliance with financial norms, government notifications, and

administrative instructions applicable to investment-linked incentive schemes.

• Prepare and vet financial concurrence notes, internal assessments, and

appraisal summaries for consideration of the competent authority.

• Liaise with appraisal agencies, programme divisions, and finance wings to

facilitate accurate and timely processing of cases.

• Requirements for Vetting Financial Appraisals
• The Manager (Finance) will be expected to:
• Evaluate the accuracy and authenticity of project cost estimates, eligible

expenditure, and financial assumptions provided by applicants.

• Examine funding patterns, sources of finance, and promoter contribution

to ensure adequacy and compliance with scheme criteria.

• Assess cash flow projections, payback periods, internal rate of return

(IRR), and sensitivity analyses to validate project sustainability.

• Verify documentary evidence supporting capital expenditure, including

vendor invoices, bills of entry, purchase orders, and payment proofs.

• Review statutory and financial compliance, including adherence to

accounting standards, statutory audit certifications, and tax obligations.

• Ensure rationality and consistency in cost estimations for plant,

machinery, utilities, and infrastructure components.

• Identify and flag any financial irregularities, overstatements, or ineligible

components in appraisal submissions.

• Provide an independent financial opinion and recommendation on the

reasonableness and eligibility of the claimed financial support.Role & responsibilities

Preferred candidate profile

Eligibility Criteria:

(A) Essential Qualifications (EQ):

1. Masters degree in Finance or Accounts or Economics or allied disciplines from

a recognized University or Institute;

OR

2. Bachelors degree in Finance or Accounts or Economics or allied disciplines

from a recognized University or Institute.

(B) Desirable Qualifications (DQ):

1. Doctorate (Ph.D.) in Finance or Accounts or Economics or allied disciplines

from a recognized University or Institute.

2. Experience in Government, PSU, or appraisal agency will be preferred.

(C) Work Experience:

• Minimum 10 years of experience (post EQ) for Bachelors degree OR 08 years of

experience (post EQ) for Masters degree OR 05 years of experience (post EQ) for

Doctorate (Ph.D.) degree.

• Minimum 03 years of relevant experience as Chartered Accountant (CA).
• Proven understanding of public financial management, financial appraisal, and

incentive disbursement processes.

• Strong analytical and drafting skills with familiarity with Government Financial

Rules (GFR), DFPR, and related accounting standards.

• Proficiency in preparing financial evaluation reports, appraisal summaries, and

concurrence notes within administrative frameworks.