एआई एसेट्स होल्डिंग लिलिटेड

AI ASSETS HOLDING LIMITED

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Manager Finance & Accounts (On Contract)

1. AI Assets Holding Limited (AIAHL) established under the Companies Act, 2013 having
its Corporate Office at 2nd Floor, Air India Reservation Building, Airports Authority of
India (AAI) Office Complex, Safdarjung Airport, New Delhi – 110 003, is a 100%
Government of India PSU Company incorporated in January 2018 as a Special
Purpose Vehicle (SPV) formed by the Govt. of India for the purpose of disinvestment
of Air India Limited, incorporated mainly to acquire from Air India i) shares held in
identified Air India subsidiaries, ii) non-core, non-operational assets, iii) identified
immovable properties and pay-off the identified loans of Air India Limited from
refinancing by raising fresh debt and through monetization proceeds from
sale/disposal of such identified assets of Air India Limited and Air India’s identified
subsidiaries.
2. AIAHL invites applications from the eligible candidates for filling up the following
post:
S. POST NO. OF PLACE OF Monthly SALARY &
NO VACANCIES POSTING EMOLUMENTS
. (Cost to Company)
1. Manager- 01 Delhi Total Monthly Salary &
Finance & Allowances of Rs.100,000
Accounts-MFA i. Salary -Rs.85,000/- +
ii. Allowances -Rs.15,000/-
(Out of Pocket taxable
allowances fuel transport &
telephone)
iii. Annual increment @3%
p.a. on the Salary Amount at
i. above, subject to
satisfactory annual
performance appraisal
reports
NOTE:
For those drawing pension
benefits (if any) from their
previous employment as per
the applicable Govt of India
rules will be subject to
maximum salary/allowances
of Rs 1,00,000/ per month

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3. The eligibility criteria and other details are as under:

a. Age: Maximum 62 years as on as the date of release of notification/

advertisement.
b. Qualification: Qualified Chartered Accountant from the Institute of
Chartered Accountants of India OR Cost Accountant from Institute of Cost
Accountants of India. Should be a member of the Institute of Chartered
Accounts of India or a member of the Institute of Cost and Works
Accountants of India.
c. Skill/Ability:

i. Hands – on experience in MS Excel

ii. Confident, self-driven and team player
iii. Good communication skills in Hindi and English
iv. Ability to work in team
v. Ability to handle long hours and work -stress

d. Experience: Should have minimum 5 years’ post qualification experience

in maintenance of Accounts, Budgetary Control, Final Accounts,
Expenditure Accounting, Revenue Accounting, Statutory Compliance,
Auditing and Taxation matters, Working Capital Management, Financial
Planning etc. The candidate should have expert knowledge of a
computerized accounting software such as Tally ERP accounting package.
Candidate with work experience of having worked on the preparation of
financial statements accounting compliant to the Ind AS, Govt. grant
accounting and the Companies Act requirements.
The candidate with working experience of having worked in a
Government/PSU working experience environment and those who have
evidenced in their job profiles hands-on experience will be given
preference for having handled accounting and finance related issues
relating to debt/money market issues, analysis, accounting and
compliances of regulators, such as SEBI, company law and accounting
standards related requirements for debt arrangements of a debt listed
entity.
Out of 5 years’ experience 02 years should be in Senior Officer/middle
managerial position as per details given below:-

Central/State Public Sector Enterprises

• Candidates from Central/State/ Public Sector Enterprises working
at the level of E-2 or equivalent and above.

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Private Sector

• Candidates having Chartered Accountant from the Institute of

Chartered Accountants of India OR Cost Accountant qualification,
should have post qualification working experience of minimum 05
years, out of 05 years, 02 years should be working as Senior
Officer in Finance Department of a company.

4. Job Description: The post carries the duties and responsibilities as

under :-

i) Accounting of all the financial activities of the Company compliant to the

Ind AS & Companies Act and other statutory regulations such as SEBI
(LODR).
ii) Ensure accounting of all the expenditures and revenue accounting
activities
iii) Processing of all debts servicing expenses, ensure reporting and
monitoring the timely disbursement to for the listed debts.
iv) Ensure payroll and party bills processing and their accounting
v) Ensure timely revenue billings, accounting and collections accounting,
receivables monitoring and control and reporting
vi) Regular periodic deposit of the statutory dues, return filing and reporting
with zero tolerance for statutory compliances
vii) Preparation of Annual/Half Yearly-Limited Review(LR)/Periodic financial
statements and their analysis reporting to senior management
viii) Coordinating with the Statutory auditors and the Govt. auditors for
transaction/half yearly LR/annual audits
ix) Communicating with the GOI for ensuring timely pre-funding of GOI
grants for ensuring timely interest servicing and other related obligations
x) Coordinate with the other functionaries and ensuring accounting of
assets and their monetization/rental proceeds to be recorded/accounted
and reported
xi) Handling of direct and indirect Taxation matters
xii) Any other matter as may be assigned by the
DCFO/CFO/CEO/management from time to time.
The position would report to the Dy.CFO/CFO of the company.

5. Selection procedure: Selection procedure involves personal interview of

the candidates who prima facie meets eligibility criteria.

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The selected candidate will be required to undergo a Pre-Employment

Medical Examination.
The Candidates will have to bear the cost of Pre-Employment Medical
Examination and any additional tests, if required, the additional cost
thereof will also have to be borne by the candidate.

Reservation for the SC/ST/OBC/EWS shall be applicable as per the

Govt. directives.

6. Tenure of Fixed Term Employment Contract: The selected candidate

will be appointed on a Fixed Term Employment Contract for a period of
three (3) years, extendable annually by another two (2) years, based
on the annual performance review reports of the candidate/incumbent.

The tenure can be extended or curtailed as per the requirements of the

Company. The contract could be terminated at the discretion of the
management during the period of contract, and/or in the event of
unsatisfactory performance.

7. How to Apply:-

Candidates who wish to apply are advised to download and print the
advertisement and Application Format from the Website www.aiahl.in,
www.allianceair.in, www.aiesl.in, www.aiasl.in, www.nsc.gov.in,
www.centaurhotels.com and www.civilaviation.gov.in fill it and send the
application by Post/Speed Post/courier at the following address in an envelope
that must be super scribed as under:
Post Applied for
Manager Finance & Accounts
To
Manager Personnel & admin,
AI Assets Holding Limited (AIAHL),
Room no. 204, 2nd Floor, AI Admin Building, Safdarjung Airport,
New Delhi-110003
The last date of receipt of application is 1700 hours on 15.04.2025 on the above
address. Applications that are incomplete/received after the last date will not be
entertained. Any extension in the last date for submission of the applications
shall be notified on the websites www.aiahl.in, www.allianceair.in,
www.aiesl.in, www.aiasl.in and wwww.centaurhotels.com

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8. Candidates appearing for Interview are required to submit following

documents with the application: -

i) A duly filled in Application Form in the prescribed format, which is

available on Website www.aiahl.in, www.allianceair.in, www.aiesl.in,
www.aiasl.in, www.centaurhotels.com, www.nsc.gov.in and
www.civilaviation.gov.in
ii) A recent passport size color photograph pasted in the space provided in the
Application Format.
iii) One set of photocopies of supporting testimonials for date of birth, caste,
qualification, experience etc. In case copies of required
documents/certificates are not submitted with the application, it will be
rejected along with original certificates.
iv) Applicants servicing in Government/Semi-Government/Public Sector
Undertakings should apply through proper channel and also submit NOC
from their present employer prior to interview.
v) If the candidate is working in private sector, he/she is required to submit a
certificate from the existing employer certifying that the employee
concern is working in the company as Manager Finance & Accounts
and above on the company’s letter head.
vi) The Demand Draft for an amount of Rs.500/- (Rupees Five Hundred only)
drawn in favour of AI Assets Holding Limited, payable at New Delhi.

9. Incomplete applications will not be entertained.

Applications that are mutilated or without any of the supporting documents with
regard to eligibility criteria, will be rejected.

10. Any applicant not meeting the aforesaid requirements shall not be
considered.
Canvassing in any form will disqualify the candidate
Management reserves the right to change in above schedule/conditions, based
on requirements.
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 APPLICATION FORM– AIAHL

Name of the post applied for Manager-Finance & Accounts

(a) Applicant’s Name: _

(b) Address for communication:

1. Telephone No: Office Residence

2. Mobile No.
3. E-Mail Id
4. Date of Birth (DD/MM/YY),
Age as on the date of release of notification/advertisement. (Years/Months/Days)
5. Educational/Professional Qualifications:
Sl. Qualification* Name of Duration Whether Full-
No. Institution/ of the Time or otherwise
University Course (Please mention,
if applicable)
1 2 3 4 5

* Should be exactly as per Degree/ Diploma issued by the university.

6. Positions held (in support of the total requisite experience of 5 years:

Pay Period
Sl. Complete Name of
scale
Brief Job
No. Designation the Profile
Organizati
on
1 2 3 4 5 6
From To
*The positions should be indicated in order of the most recent assignment
 :2:

8 .(a) Whether any penalty/punishment was awarded to the applicant during

the last 5 years.
Yes No
If yes, the details thereof i) Civil /Criminal
Yes No
ii) Departmental Enquiry

(b) Whether any civil or criminal action or enquiry is going on against the
applicant as far as his / her knowledge goes

Yes No
If yes, the details hereof i) Civil /Criminal

ii) Departmental Enquiry Yes No

9. Whether SC/ST/OBC/GEN/OTHERS

I certify that the details furnished above by me are true to the best of my
knowledge & belief.

(Name & Signature of the Applicant)

Note:

1. Please attach a write-up, not exceeding 400 words, in support of your

candidature, for reference at the time of interview.

2. Full form of all abbreviations used while making entries in the application form
should be suitably explained i.e. in footnotes or on a separate attachment.