Assam Engineering Service Recruitment Board Job Openings
About AESRB Job
Requirement Details
Post Name
Principal
Posts: 06
Category-wise vacancy
UR: 03
OBC/MOBC: 01
STP: 01
SC: 01
Salary
Rs.1,44,200-2,18,200/- plus other allowances as admissible under Rules
Last Date
20/04/2022
Location
Guwahati, Assam
Application Process
Online
Application Fees
Rs.250/-
Age
Candidates shall not be less than 45 years and not more than 55 years of age as on 01.01.2022
The upper age limit is relaxable in case of SC/STP/STH and other candidates as per existing Government norms Assam Engineering Service Recruitment Board Job Openings
About AESRB Job
Requirement Details
Post Name
Principal
Posts
06
Category-wise vacancy
UR: 03
OBC/MOBC: 01
STP: 01
SC: 01
Salary
Rs.1,44,200-2,18,200/- plus other allowances as admissible under Rules
Last Date
20/04/2022
Location
Guwahati, Assam
Application Process
Online
Application Fees
Rs.250/-
Age
Candidates shall not be less than 45 years and not more than 55 years of age as on 01.01.2022
The upper age limit is relaxable in case of SC/STP/STH and other candidates as per existing Government norms
Pure Salon & Spa Koramangla, Bangalore
Pure Salon & Spa Koramangla, Bangalore
Led by veteran hair stylist Pure Salon & Spa offers various services from the simple hair cut and styling for women, men, kids, and brides, to vibrant hair colours, conditioning treatments, and Brazilian blowouts. Located at the heart of Koramangla, Bangalore, the salon has been around since 2015, providing professional hair treatments in a relaxed ambience. This is definitely one of our favourite hair salons in Bangalore.
READ MORE - Pure Salon & Spa Koramangla, Bangalore
NIT Meghalaya notifies recruitment at teaching posts
NIT recruitment
Post details:
Post names:
- Professor
- Associate Professor
- Assistant Professor
- Assistant Professor (contract basis)
- Electronics and Communication Engineering
- Computer Science and Engineering
- Electrical and Electronics Engineering
- Mechanical Engineering
- Civil Engineering
- Statistics
- Mathematics
- Physics
- Chemistry
Pay Scale:
Professor: Rs37, 400- 67, 000 AGP Rs10, 500
Associate Professor: Rs37, 400- 67, 000 AGP Rs9, 500
Assistant Professor: Rs15, 600- 39, 100 AGP Rs8, 000
Assistant Professor (contract basis): Rs15, 600- 39, 100 AGP Rs7, 000
How to apply:
Eligible candidates can send their applications to the "Registrar (i/c), NIT Meghalaya, Bijni Complex, Laitumkhrah, Shillong-793003".
About NIT :
NIT is a group of public engineering institutes in India. NITs were founded to promote regional diversity and multi-cultural understanding in India. NITs comprises of thirty autonomous institutes, and are located in one each major state/territory of India. NITs offer degree courses at bachelors, masters, and doctorate levels in various branches of engineering and technology.
New corporate trend: Virtual CFOs
Freelance CFOs come to rescue of small companies.
The
silence in the nearly empty room was broken by a Skype call at 10.30
p.m. Bhairav Kothari, still at work in the first-floor office of an old
10-storey commercial building in the Mumbai suburb of Mulund, was
surprised. The staff had gone home hours ago. "I found you on Google,"
began the hassled-sounding caller. He was calling from the Bahamas,
oblivious to the 10-hour time difference. "He wanted to put together a
business plan for a bank loan," says the 36-year-old Kothari, Founder
and Managing Director of SuperCFO Services Ltd, who spent nearly a
decade crunching numbers at CBay Systems, one of India's largest health
care BPOs. The four-year-old SuperCFO offers a wide range of CFO
services.
Half an hour into the call, Kothari had bagged the assignment. The caller was a doctor who planned to buy two planes for combined use as ambulances and a commercial charter service. He had prepared a preliminary business plan using an off-the-shelf software, but he needed to refine it. So Kothari and his team drew up a profit-and-loss statement and a balance sheet after factoring in the doctor's expenses, investments and commitments related to the project, expected utilisation of the planes, fixed and variable costs, revenue model, and loan repayment scenarios. "We had many rounds of discussion with the doctor on how to present the case to the bank and how to structure the loan," says Kothari. A detailed business plan was delivered in five weeks flat, without anyone visiting the Bahamas. That was October 2010.
A few months later, in Pune, 52-year-old Yogesh Satoskar, Chairman of Unicus Advisors, another firm that offers virtual CFO services, got a frantic call from a midsize multinational engineering company based in India. They wanted him to fill in immediately for their CFO, whose departure was closely followed by that of his deputy. Satoskar devoted a few hours to them daily. The company had good accounting systems in place, but Satoskar found its foreign exchange hedging weak. "I guess it was not on their priority list," he says. Over the next six months, Satoskar, who has more than 25 years of experience, created a system that would save the company money. He eventually left after recommending a full-time CFO to the company.
Kothari and Satoskar are among a new breed of finance professionals who call themselves virtual CFOs. Such services have mushroomed in the last four to five years, and offer high-quality assistance to help small and medium enterprises (SMEs) in India build robust accounting systems and processes. Global projects such as the Bahamian air ambulance service are rare.
Half an hour into the call, Kothari had bagged the assignment. The caller was a doctor who planned to buy two planes for combined use as ambulances and a commercial charter service. He had prepared a preliminary business plan using an off-the-shelf software, but he needed to refine it. So Kothari and his team drew up a profit-and-loss statement and a balance sheet after factoring in the doctor's expenses, investments and commitments related to the project, expected utilisation of the planes, fixed and variable costs, revenue model, and loan repayment scenarios. "We had many rounds of discussion with the doctor on how to present the case to the bank and how to structure the loan," says Kothari. A detailed business plan was delivered in five weeks flat, without anyone visiting the Bahamas. That was October 2010.
A few months later, in Pune, 52-year-old Yogesh Satoskar, Chairman of Unicus Advisors, another firm that offers virtual CFO services, got a frantic call from a midsize multinational engineering company based in India. They wanted him to fill in immediately for their CFO, whose departure was closely followed by that of his deputy. Satoskar devoted a few hours to them daily. The company had good accounting systems in place, but Satoskar found its foreign exchange hedging weak. "I guess it was not on their priority list," he says. Over the next six months, Satoskar, who has more than 25 years of experience, created a system that would save the company money. He eventually left after recommending a full-time CFO to the company.
Kothari and Satoskar are among a new breed of finance professionals who call themselves virtual CFOs. Such services have mushroomed in the last four to five years, and offer high-quality assistance to help small and medium enterprises (SMEs) in India build robust accounting systems and processes. Global projects such as the Bahamian air ambulance service are rare.
'The job is
something similar to Superman's: Clark Kent appears simple, but doubles
as Superman,' says Kothari with a laugh. It is obvious that the boss of
SuperCFO is inspired by the Kryptonian superhero. Sudheendra Kumar,
Chief Promoter at Intellex Corporate Services, points out: 'We generally
enter the picture when there is trouble.' The trouble is not
necessarily financial sickness, he adds.
'The need for a high-quality CFO was always there,' adds Saurabh Agarwal, Director, Kennis Group. A CFO goes beyond accounts to build a sustainable business model, introduce robust controls, ensure regulatory compliance and raise resources. The advantages of having a full-time CFO are many, but SMEs are often constrained by limited budgets, a small scale of operations and a traditional family-run approach.
That is why chartered accountants or auditors often fill the gap, even when a more experienced hand is needed. 'Small entrepreneurs never let go,' says Kothari, referring to the accounting function.
Today, the accounts heads of small companies already have too much on their plate: accounting, compliance, investors, funding, board hygiene, cost, strategy, managing bank limits, use of surplus funds, mergers and acquisitions, investor relations. 'It is natural for a fast-growing SME to hire or outsource professionals in a fast-changing operating environment,' says Agarwal.
'The need for a high-quality CFO was always there,' adds Saurabh Agarwal, Director, Kennis Group. A CFO goes beyond accounts to build a sustainable business model, introduce robust controls, ensure regulatory compliance and raise resources. The advantages of having a full-time CFO are many, but SMEs are often constrained by limited budgets, a small scale of operations and a traditional family-run approach.
That is why chartered accountants or auditors often fill the gap, even when a more experienced hand is needed. 'Small entrepreneurs never let go,' says Kothari, referring to the accounting function.
Today, the accounts heads of small companies already have too much on their plate: accounting, compliance, investors, funding, board hygiene, cost, strategy, managing bank limits, use of surplus funds, mergers and acquisitions, investor relations. 'It is natural for a fast-growing SME to hire or outsource professionals in a fast-changing operating environment,' says Agarwal.
The
economic downturn after September 2008 helped virtual CFOs. Small
entrepreneurs were caught in a mire of overleveraging, ill-conceived
expansion, and unrealistic bets in commodity derivatives and foreign
exchange. Increasing regulatory and compliance requirements, and
volatile commodity prices and interest rates have only made the role of
the CFO more important.
Agarwal says the emergence of professional entrepreneurs is also responsible for the growing popularity of virtual CFOs. For example, in 2007/08, first-generation entrepreneur Surajit Chaudhuri, Managing Director and Founder of Kalpakaaru Retail Art, wanted to take advantage of the booming economy. 'The in-house chartered accountants could not see beyond the balance sheet,' says Delhi-based Chaudhuri, whose company provides contracting services for retail store interiors. He did not have the budget or enough work to justify a full-time CFO. Engaging a virtual CFO quickly changed the course of the company. The CFO not only helped with company valuation, but also helped structure the company by creating two verticals: manufacturing and contracting.
Even second-generation entrepreneurs who run family businesses are keen on improving governance, timely compliance and budgeting, and thus understand the importance of virtual CFOs. Also, such CFOs often have strong relationships with banks and financial institutions, which come in handy when the company negotiates a loan. Many virtual CFOs carry the company's visiting card. 'It helps in negotiations with banks, clients, and vendors, with transactions, and to form joint ventures with international partners,' says Kothari.
A virtual CFO empowers the CEO with information. Kothari says a CEO should regularly get some kind of information from the accountant or finance manager - for example, a weekly list of debtors and the age of their debt, monthly reports on the profitability of new clients, and quarterly analysis of client revenues for early detection of a downtrend.
Satoskar of Unicus sets up alerts for CEOs. For an engineering client, he set up costing and cost follow-up systems to monitor the production cycle and identify gaps. Until then, costing had been manually done, based on a set of assumptions about raw materials and costs. 'I introduced an automated system that would not only let them estimate the cost of each order in real time, but also follow up online,' he says. This clarified cost goals for various departments, and enabled the CEO to analyse and allocate profits from individual projects.
Budgeting for the following year became easier. There was no software expense. 'We used Microsoft Excel and downloads from Tally,' says Satoskar. Private equity firms, which have been quite aggressive in the Indian market in the last five to six years, are also hiring virtual CFOs to help them assess companies before investing in them.
So, how does a virtual CFO function? When a company signs him up, he first makes an assessment of its compliance, systems and processes, controls, and other factors. 'There are things like whether procurement policy is in place, a proper management information system, or a pricing policy,' says Agarwal. Kothari adds that the virtual CFO also looks at general regulatory hygiene.
He may also get the company to change its software if it is using an outdated product. Agarwal says: 'We decide on a particular day in a week or month for all clients.' Virtual CFOs charge about one-eighth to one-tenth the fee that their full-time counterparts would. Little wonder, then, that the concept is catching on.
Agarwal says the emergence of professional entrepreneurs is also responsible for the growing popularity of virtual CFOs. For example, in 2007/08, first-generation entrepreneur Surajit Chaudhuri, Managing Director and Founder of Kalpakaaru Retail Art, wanted to take advantage of the booming economy. 'The in-house chartered accountants could not see beyond the balance sheet,' says Delhi-based Chaudhuri, whose company provides contracting services for retail store interiors. He did not have the budget or enough work to justify a full-time CFO. Engaging a virtual CFO quickly changed the course of the company. The CFO not only helped with company valuation, but also helped structure the company by creating two verticals: manufacturing and contracting.
Even second-generation entrepreneurs who run family businesses are keen on improving governance, timely compliance and budgeting, and thus understand the importance of virtual CFOs. Also, such CFOs often have strong relationships with banks and financial institutions, which come in handy when the company negotiates a loan. Many virtual CFOs carry the company's visiting card. 'It helps in negotiations with banks, clients, and vendors, with transactions, and to form joint ventures with international partners,' says Kothari.
A virtual CFO empowers the CEO with information. Kothari says a CEO should regularly get some kind of information from the accountant or finance manager - for example, a weekly list of debtors and the age of their debt, monthly reports on the profitability of new clients, and quarterly analysis of client revenues for early detection of a downtrend.
Satoskar of Unicus sets up alerts for CEOs. For an engineering client, he set up costing and cost follow-up systems to monitor the production cycle and identify gaps. Until then, costing had been manually done, based on a set of assumptions about raw materials and costs. 'I introduced an automated system that would not only let them estimate the cost of each order in real time, but also follow up online,' he says. This clarified cost goals for various departments, and enabled the CEO to analyse and allocate profits from individual projects.
Budgeting for the following year became easier. There was no software expense. 'We used Microsoft Excel and downloads from Tally,' says Satoskar. Private equity firms, which have been quite aggressive in the Indian market in the last five to six years, are also hiring virtual CFOs to help them assess companies before investing in them.
So, how does a virtual CFO function? When a company signs him up, he first makes an assessment of its compliance, systems and processes, controls, and other factors. 'There are things like whether procurement policy is in place, a proper management information system, or a pricing policy,' says Agarwal. Kothari adds that the virtual CFO also looks at general regulatory hygiene.
He may also get the company to change its software if it is using an outdated product. Agarwal says: 'We decide on a particular day in a week or month for all clients.' Virtual CFOs charge about one-eighth to one-tenth the fee that their full-time counterparts would. Little wonder, then, that the concept is catching on.
Jobs this week 21 Nov
International Labour Organization
Application invited for the post of: Finance and Administrative Officer
Last date: 30-11-2011
READ MORE - Jobs this week 21 Nov
Application invited for the post of: Finance and Administrative Officer
Last date: 30-11-2011
Vijaya Bank
Application invited for the post of: Specialist / Generalist Officers
Last date: 14-12-2011
Application invited for the post of: Specialist / Generalist Officers
Last date: 14-12-2011
BEML Limited
Application invited for the post of: Sr. Vice President, Dy. General Manager, Asst. General Manager Sr. Manager, Manager, Asst. Manager, Sr. Manager and Executive
Last date: 07-12-2011 (online)
Application invited for the post of: Sr. Vice President, Dy. General Manager, Asst. General Manager Sr. Manager, Manager, Asst. Manager, Sr. Manager and Executive
Last date: 07-12-2011 (online)
Indian Railway Catering and Tourism Corporation Ltd.
Application invited for the post of: Executive Chef and Chef de Partie
Last date: 10-12-2011
Application invited for the post of: Executive Chef and Chef de Partie
Last date: 10-12-2011
Indian Oil Corporation Ltd.
Application invited for the post of: Jr. Operator (Driving), Chargeman and Boiler Operator
Last date: 07-12-2011
Application invited for the post of: Jr. Operator (Driving), Chargeman and Boiler Operator
Last date: 07-12-2011
Bank of India
Application invited for the post of: Incharge (Star Swarojgar Prashikshan Sanstahn)
Last date: 28-11-2011 (online)
Application invited for the post of: Incharge (Star Swarojgar Prashikshan Sanstahn)
Last date: 28-11-2011 (online)
National Innovation Foundation - India
Application invited for the post of: Director and Chief Innovation Officer
Last date: 15-12-2011
Application invited for the post of: Director and Chief Innovation Officer
Last date: 15-12-2011
Small Industries Development Bank of India
Application invited for the post of: Chief Economist (in rank of Chief General Manager), Chief General Manager, General Managers, Deputy General Manager (Taxation-1, Audit & Inspection-2) and Assistant General Managers
Last date: 11-12-2011
Application invited for the post of: Chief Economist (in rank of Chief General Manager), Chief General Manager, General Managers, Deputy General Manager (Taxation-1, Audit & Inspection-2) and Assistant General Managers
Last date: 11-12-2011
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