APFC ASSISTANT MANAGER NOTIFICATION 2023 OUT: APPLY BY 30TH JUNE 2023

Updated On : 07 Jun, 2023

APFC AM RECRUITMENT 2023:

APSFC Assistant Manager 2023 notification has been issued by the Andhra Pradesh State Financial Corporation (APSFC) for the recruitment of Assistant Managers on a contract basis in the Andhra Division of APSFC, Vijayawada. Interested candidates can apply for these positions through the official website of APSFC. The application window will remain open until June 30, 2023. A total of 20 vacancies will be filled through this recruitment drive. Candidates are advised to read this article thoroughly to gather all the necessary information related to the examination before applying.

APSFC AM UPDATES 2023:

Exam conducting body 

Andhra Pradesh State Financial Corporation

Post name 

Assistant Manager (Contract Basis) 

Application dates

31st May 2023 to 30th June 2023

Application mode 

Online 

Vacancy 

20 

Salary 

30,000/- per month

Official website

Click here 

Official notice 

Click here

Apply link 

Click here 

APSFC AM ELIGIBILITY CRITERIA 2023:

Age Limit

Candidates applying for the Assistant Manager positions in APSFC should ensure that their age falls between 21 and 30 years. However, there are certain relaxations in age criteria for specific categories, as mentioned in the table below:

Category 

Relaxation in age 

Scheduled Caste/Scheduled Tribe Candidates

5 years

Backward Class Candidates 

3 years 

Physically Challenged Candidates 

10 years 

Educational Qualification 

The eligibility criteria for educational qualifications and experience for the Assistant Manager positions in APSFC are as follows:

i) Educational Qualifications: All candidates must have completed their Graduation and/or Post Graduation from an institution that offers full-time courses and is accredited by AICTE (All India Council for Technical Education) or recognized by UGC (University Grants Commission), wherever applicable.

ii) Experience: For positions where experience is deemed essential or desirable, candidates should have acquired post-qualification experience on a full-time basis. This means that the experience should be gained after the completion of the required educational qualifications.

Post-wise educational qualification is tabulated below:-

Post name 

Educational Qualification 

Experience 

Asst. Manager (Finance)

CA (Inter) or CMA (Inter) or MBA or PGDM from any reputed B-Schools] with 1st class with min. 60% marks from a recognized University. Proficiency in computer skills like MS Office, Financial modeling etc., is required

Min. of 1-year experience on a full-time basis in Banks / Financial Institutions / an Industry with exposure in project appraisal/financing / Accounting / TEV study etc.

Asst. Manager (Technical)

B.Tech. 1st class with min. 60% marks in the discipline of Mechanical / Civil Engineering only from a recognized University. Post Graduate preferred. Proficiency in computer skills like MS Office, Financial modeling etc., is required.

Min. of 1 year experience on full-time basis in Banks / Financial Institutions / an Industry with exposure in project appraisal/financing / technical feasibility study 

Assistant Manager (Law)

Graduate Degree in Law in Business / Commercial Laws from a recognized university with min. 55% marks. Post Graduate preferred. Proficiency in MS Office is required. 

Min. of 2 years of Bar experience in practicing Business and allied Civil Laws in High Court / Dist. A court / Debt Recovery Tribunal is essential. Experience as a Law Officer in a Commercial Bank / Financial Institution will be preferred. Working knowledge in Telugu is essential. 

Knowledge of Languages

For the Assistant Manager positions in APSFC, it is essential for candidates to have proficiency in both English and Telugu languages as in Speaking, Reading and Writing knowledge of English and Telugu are essential.

APSFC AM APPLICATION PROCESS 2023:

  • Visit the official website of the APSFC. 

  • On the homepage, you will get the Career tab where you will find a link to “Notification for recruitment of Assistant Managers [ON CONTRACT BASIS]”.

  • After clicking on the link, a new screen will appear where you have to register yourself by entering your credentials. 

  • Once you have registered, your login credentials will be sent to your registered email address. 

  • Now, login and fill out the application form. Upload the required documents in the needed format and size. 

  • Pay the application fee to complete the application process. Take a printout of the same for future reference. 

Application Fee 

The application fee for the Assistant Manager positions in APSFC is categorized as follows:

Category 

Application Fee

SC/ST

Rs. 354/-

General / BC

Rs. 590/-

  1. The application fee is non-refundable.

  2. Bank transaction charges for online payment of fees/intimation charges will be borne by the candidate. These charges are in addition to the application fee mentioned in the table above.

  3. The mentioned fee/intimation charges exclude the transaction charges payable to the Union Bank of India, Auto Nagar, Vijayawada.

  4. Candidates are required to pay the application fee through online mode only.

Candidates should ensure that they pay the requisite fees/intimation charges as per their category through the online payment method while applying for the Assistant Manager positions in APSFC.

APSFC ASSISTANT MANAGER 2023 SELECTION PROCESS:

The selection process for the Assistant Manager positions in APSFC will consist of two stages:-

  1. Online Test: Candidates who meet the eligibility criteria will be required to appear for an Online test. The test will assess their knowledge and skills in relevant subjects and job-related areas. 

  2. Interview: Candidates who successfully clear the Online test will be shortlisted for the interview round. The interview will assess the candidate's suitability for the Assistant Manager position based on their knowledge, experience, communication skills, and overall personality. 

APSFC AM EXAM PATTERN 2023:

  • The Online test will be conducted in English. 

  • There shall be a Negative Marking for wrong answers in the online examination

  • There will be 70 objective-type questions in Professional Knowledge with 2 marks for each question and 15 objective-type questions with 1 mark each for others. 

  • The time allotted for attempting the questions will be 120 minutes.

Asst. Manager (Finance)

Name of the Test

No. of questions

Maximum Marks 

Duration 

Professional Knowledge

70

140

60 minutes

Reasoning

15

15

15 minutes 

Quantitative Aptitude

15

15

15 minutes 

English

15

15

15 minutes 

General & Financial Awareness (with emphasis on MSMEs etc.) 

15

15

15 minutes 

Total 

150 

200

120 minutes 

Asst. Manager (Technical)

Name of the Test

No. of questions

Maximum Marks 

Duration 

Professional Knowledge 

70

140

60 minutes

Reasoning

15

15

15 minutes 

Quantitative Aptitude

15

15

15 minutes 

English

15

15

15 minutes 

General & Financial Awareness (with emphasis on MSMEs etc.) 

15

15

15 minutes 

Total 

150 

200

120 minutes 

Assistant Manager (Law)

Name of the Test

No. of questions

Maximum Marks 

Duration 

Professional Knowledge (Test on Law) 

70

140

60 minutes

Reasoning

15

15

15 minutes 

Quantitative Aptitude

15

15

15 minutes 

English

15

15

15 minutes 

General & Financial Awareness (with emphasis on MSMEs etc.) 

15

15

15 minutes 

Total 

150 

200

120 minutes 

APSFC AM EXAMINATION CENTRES 2023:

The online examination for the Assistant Manager positions in APSFC will be conducted at the following centres:

  1. Vijayawada

  2. Visakhapatnam

  3. Rajahmundry

  4. Eluru

  5. Guntur

  6. Ongole

  7. Tirupati

  8. Kadapa

  9. Kurnool

  10. Hyderabad

Candidates can choose their preferred examination centre while filling out the application form. The exact details of the examination centre and venue will be communicated to the candidates through the admit card or any other official communication by APSFC.

APSFC AM VACANCY 2023:

Discipline 

Vacancy 

Finance 

10

Technical 

05

Legal 

05

Total 

20 

APSFC AM REMUNERATION 2023:

For the Assistant Manager positions in APSFC, candidates selected on a fixed-term contract basis will be eligible for a consolidated pay of Rs. 35,000/- per month. This pay amount is fixed and will be provided for the duration of the contract, which is 36 months.

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