Educated & Jobless Your Good Times Start Now

India Inc is hiring again. This means that if you are educated and jobless, your good times start now.
 
The spurt in hiring, suggests the latest TimesJobs.com Recruit X survey, is sparked by the April-May general elections, with the expectation that the next government will stabilize the economy and spark growth.

The survey says the Project/Infrastructure sector, with a 12 percent rise in demand, is the top employment generator. The Railway/Metro segment, where technical expertise in design and execution is highly valued, is growing exponentially as is Petrochemicals, which recorded a 9 percent increase in job creation. Other areas where job opportunities are expected to spike, as per the survey:

• IT/Telecom sector by 6 percent
• Healthcare/Biotechnology/Pharmaceutical by 5 percent
• Manufacturing and Engineering by 5 percent
• Construction/Cement/Metal/Steel/Iron industry by 9 percent

In all above sectors, the greatest demand will be for trained engineers – a job profile that is expected to grow by 12 percent.

Work Experience is Key

Educational qualifications aside, a high premium attaches to prior work experience. Recruit

 X data shows that in March 2014, demand for professionals with over 20 years of experience increased by more than 30 percent. Those with 10-20 years and over 20 years of experience together accounted for 65 percent of the total demand. Demand for candidates with 5-10 years experience spiked 2 percent, while demand for candidates with 2-5 years of experience stayed stable, with no spike.

Opportunities for candidates with less than two years experience however dropped 6 percent month on month.

AP tops in opportunity

Hyderabad, with a 30 per cent job rise in March 2014, emerged as the city with the greatest opportunities followed by Chennai with a 20 percent spike. Delhi/NCR (6 percent) and Pune (3 percent) also witnessed strong growth.

 Among the states, Andhra Pradesh (excluding Hyderabad) tops with 20 percent increase in demand for talent.
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Developing Forensic Audit & Job Opportunity

Forensic term we understand in crime like murder and other mysterious crime. But today Forensic word is also used in corporate fraud and it’s used as Forensic audit. We have to understand first what is Forensic audit? Forensic audit is also known as Due Diligence or its part of same. Many countries like England, USA, Germany, France etc had compulsory in their country for Due Diligence to stop the fraud.

Forensic audit is emerging as a big ticket business for accounting firms. Two developments are responsible. One, some high-profile frauds in the limelight over recent months. Two, changes in the approach of regulators, allied to provisions in the new company’s act which put more accountability on both independent directors and auditors. Keeping in mind all big accounting companies are strengthening their forensic audit team, investing more into it. In this kind of work the very famous big 4 is known KPMG, Price water House cooper (PWC), Delloite, Ernst & Young (E&Y) which have highest number of shares in world market.

E&Y for instance, has very aggressive plans on this. It already has one of the largest teams for this of 450 people and it plans to add 150 more in current fiscal year. Price water House (PwC) has a team of nearly 200 people for this, and they looking at hiring another 75-100 people over the next one year to strengthen their team.

In this the big four accounting firms are already into forensic audits other firm like BDO India and Grant Thornton also playing a vital role and beefing up their forensic divisions.

Why this Forensic division is booming out because after the payment scam at NSEL, the spot exchange promoted by Financial Technologies (FT). The Forward Market Commission had ordered forensic audits of NSEL and one special audit of Multi Commodity Exchange also promoted by FT.  The economic offences wing of the police here is getting the books of brokers thought to be involved in the NSEL scam forensically audited. After this scam promoters are ordering forensic audits of their firms to ensure there is no NSEL like employee fraud.

Forensic audit is also help for Banks where rising bad loans and debt recast will make banks want forensic audit of defaulters to see if promoters siphoned off funds. To comply with the forensic corrupt practices Act, foreign companies might go for forensic audit of the books of their Indian arms or firms they intend to invest in.

Forensic audit are not new division in India but due to fraud scam it’s booming in India as per Jobs perspective. They are now plenty of firms in India for this kind of audit but the more famous and known in this division is big four because they big teams and making it more strength through hiring in this current fiscal year because of the demand for forensic audit were increasing. So due to this there is job opportunity in this sector only need to look towards the opportunity because scam is increasing fiscal year by fiscal year.

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Jobs In Bank SIDBI

Hiring of Theme Leader (Gender and Financial Literacy)

SIDBI is seeking to hire the services of One Theme Leader (Gender and Financial Literacy) to be based at Delhi office and undertake several tasks related to the oversight on programmed design & delivery to ensure it meets gender equality commitments of the PSIG programmed.

Necessary details on this assignment are provided below.

About the PSIG Programme:

Ø  Poorest States Inclusive Growth Project (PSIG) is one of the first private sector projects supported by the UK Aid from the Department for International Development (DFID) and is being implemented by SIDBI. The programmed aims to enhance the income and employment opportunities of poor women and men in 8 low income States by enabling them to participate and benefit from wider economic growth in India. The purpose of the programmed is to improve income, and reduce vulnerability, of poor people and small producers, by expanding their access to finance.

Ø  PSIG has two separate, interlinked components viz. Component 1 - Financial Inclusion and women’s empowerment and Component 2 - Impact Investments.

Ø  Under the Component 1 - Financial Inclusion and women’s empowerment: The programmed (duration of 6 years) shall improve access for poor men and women to a variety of financial services in the 4 low income states (Bihar, Orissa, Madhya Pradesh and Uttar Pradesh); will facilitate improving the policy environment for microfinance and will empower women in terms of improved financial literacy, legal entitlements and other gender related issues.

Ø  PSIG is expected to leverage private sector financial and technical resources to reach up to 12 million direct and indirect beneficiaries.

CONTRACTUAL STATUS AND DURATION:

The position will be a contractual position with SIDBI for period up to March 31, 2017 subject to annual review and continuation of the Programmed by DFID..

JOB PROFILE

Ø  Provide Strategic Oversight on programme design & delivery to ensure it meets gender equality commitments/goals

Ø  Leadership and decision-making on gender equality – as member of the core team ensure key project decisions include gender equality considerations

Ø  Identify gender equality gaps in programme plan, design and implementation and take appropriate steps to redress these

Ø  Support and sensitize SIDBI/PMU members on integrating/incorporating gender equality in their work areas/deliverables 

Ø  Manage development of a training module to promote gender equality as integral to MFI functioning and outcomes – contract appropriate agency/individual, oversee design & pilot training   

Ø  Collaborate with the resource agency for undertaking pilot on  women’s empowerment and financial literacy training

Ø  Collaborate with M&E Team Leader to develop gender specific social indicators and develop tools to track change in women’s lives (qualitative and quantitative indicators) e.g. ability to influence &/or take decisions at the household/community level

Ø  Support and oversee the state teams and facilitate learning on gender equality across the programmed.

Ø  Build strong working relationships with the DFID, PSIG team and partner institutions

The expert(s) shall be attached on full time basis as Theme Leader (Gender and Financial Literacy) with SIDBI PSIG Programmed Management Unit (PMU) for DFID Project.

ELIGIBILITY

                                                                                                                              

Ø  Masters Degree in relevant discipline such as social sciences etc.  preferred

Ø  Excellent understanding of patterns of gender, poverty, vulnerability and exclusion across the identified states

Ø  Demonstrated technical expertise in designing, implementing, supervising, similar Gender  programmes  (15 years experience preferred). Experience in PSIG states is preferred.

Ø  Experience of working in Gender programmes supported by DFID/Other donor agencies is preferred.

Ø  Demonstrated commitment to carrying out tasks on time and under deadline

Ø  Excellent written and oral communication skills in both English and Hindi, and ability to communicate in both languages;

Ø  Ability to produce high-quality technical documents as well as presentations and project reports.

Ø  Retired personnel’s from PSU, Banks and Government having similar experience may also apply for the position.

Ø  Candidates may also apply for the position on deputation through proper channel.

COMPENSATION

Ø  The compensation  shall be market driven and shall commensurate with experience.

GENERAL INFORMATION

Ø  Candidates are advised that they should not furnish any particulars or information that are false, tampered/fabricated or should not suppress any material information while applying on line. In case it  is detected at any stage that a candidate does not fulfill any of the eligibility criteria for  the  post applied for and / or that he / she has furnished any incorrect information or has suppressed any material fact(s), his / her candidature will stand  cancelled.  If  any  of  these  shortcomings  is  /  are  detected  even  after  the appointment, his/her services are liable to be terminated.

Ø  Selection  would  be  by  way  of  written test/ presentation/ personal  interview  to  be  held  at  New  Delhi  before the Selection Committee. The Bank will undertake a preliminary screening of the applications for preparing, if necessary, a shortlist of eligible candidates to be called for interview. Thus, merely fulfilling the requirements laid down in the advertisement would not automatically entitle any candidate to be called for interview. The date of interview will be advised to the shortlisted candidates in due course.

Ø  Candidates short listed for interview shall have to produce all certificates in original for verification of their age, educational qualification, category, experience details, etc. at the time of interview. Failure to produce the same shall render the candidate ineligible for the recruitment process.

HOW TO APPLY:

You may download the Job Application Form, and send the filled application or your resume as an attachment by email not later than April 21, 2014 through email at psig@sidbi.in. Alternatively you can post the resume, super scribing the position applied to the following address.

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