PFRDA ASSISTANT MANAGER RECRUITMENT 2022

Updated On : 19 Sep, 2022

PFRDA AM 2022: AT A GLANCE:

The Pension Fund Regulatory and Development Authority has released a notification for the Assistant Manager. PFRDA invites applications from Indian citizens for filling up the posts of Officer Grade ‘A’ (Assistant Manager) for the General, Finance and Accounts, Information Technology, Research (Economics), Legal and Official Language (Rajbhasha) Streams.

Those who are interested in filling out the online application for these posts can apply online from 15-09-2022 to 07-10-2022 by visiting the official website of the Pension Fund Regulatory and Development Authority.

ABOUT PFRDA:

Pension Fund Regulatory and Development Authority (PFRDA/ Authority), is a statutory regulatory body in the financial sector established under the PFRDA Act (23 of 2013) passed by the Parliament of India with the mandate to promote, develop and regulate the Pension Sector in India. 

IMPORTANT DATES:

Event

Date

Notification released on 

9th September 2022

Application starts on

15-09-2022

Last date to apply

07-10-2022 

Last date to submit application fee

07-10-2022 

Availability of Call Letters for Phase – I & Phase – II On-line Examinations on PFRDA website

Will be intimated by E-mail/SMS

Phase - I Online Examination

Will be intimated on the website of PFRDA at www.pfrda.org.in 

Phase - II Online Examination

Will be intimated on the website of PFRDA at www.pfrda.org.in

Phase – III Interview

Will be intimated to candidates successful in Phase II by E-mail/SMS

IMPORTANT LINKS:

Official website

Click here 

Official notice

Click here

Apply link 

Click here

PFRDA ASSISTANT MANAGER UPDATES:

Exam conducting body

Pension Fund Regulatory and Development Authority

Post name

Assistant Manager

Application date

15-09-2022 to 07-10-2022

Application mode

Online

Application fee

Rs. 1,000/- (inclusive of GST)

Vacancy 

22

PFRDA ASSISTANT MANAGER APPLICATION PROCESS:

  1. Go to the PFRDA's official website at www.pfrda.org.in  

  2. Now select the "Careers" tab.

  3. As of right now, you can access the link for the "Recruitment Notification entitled "PFRDA Recruitment Exercise - Recruitment of Officer Grade “A’ (Assistant Manager) - 2022"

  4. When you click the aforementioned link, a new screen with the option to "Apply Online" will appear.

  5. Click the "Click here for new registration" tab to register an application, then enter your name, phone number, and email address.

  6. The system will generate a Provisional Registration Number and Password, which will then be shown on the screen. The candidate should write down their password and provisional registration number. The Provisional Registration number and Password will also be given by email and text message.

  7. Now, complete all the necessary information, including the applicant's name, father's name, educational background, and residential address etc.

  8. Candidates can continue to upload their photo, signature, left thumbprint, and handwriting declaration in accordance with the guidelines.

  9. Before clicking the "Complete Registration" button, select the Preview tab to preview and check the full application form.

  10. When you are absolutely sure your uploaded photo, signature, and other details are accurate and have been modified as necessary, click "Complete Registration."

  11. To make a payment, select the "Payment" tab and click submit. 

  12. Now download your application form after the final submission for future reference. 

Application-Cum-Intimatimation Fee (Non-Refundable)

Category of Applicant 

Amount of Fee (Non-Refundable) (in INR)

Unreserved/GEN, EWS & OBC

Rs. 1,000/- (inclusive of GST)

SC/ST/PwBD/Women

Nil

PFRDA ASSISTANT MANAGER ELIGIBILITY CRITERIA:

Educational Qualification

Stream 

Educational Qualification 

General

A master's degree in any field, a law degree, 

Or

a bachelor's degree in another

applied engineering from a recognized

University

Or

ACA/FCA from the ICAI

as well as ACS/ FCS from ICSI 

Or

ACMA/ICMAI FCMA (erstwhile ICWAI's AICWA/FICWA) 

Or

CFA from the CFA Institute.

Finance and Accounts

A degree from a recognized university AND either an ACA or FCA from ICAI, an ACS or FCS from ICSI, an ACMA or FCMA from ICMAI (formerly AICWA or FICWA from ICWAI), or a CFA from CFA Institute.

Information Technology

Electrical, electronic, communications, information technology, or computer science bachelor's degree; master's degree in computer application; 

Or

Bachelor's degree in any field with a postgraduate qualification (minimum 2 years duration) in computers or information technology

Two (02) years of post-qualification experience in the field of information technology are the minimum requirements.

Research (Economics) 

Candidates must have a Master's degree in economics, business administration (finance), statistics, or econometrics.

Legal

Candidates must have Bachelor’s Degree in Law from a recognized University/ Institute. 

Official Language (Rajbhasha)

Candidates must have a Master's degree in Hindi from a recognized University or Institute with English as one of the subjects at the bachelor's degree level or a master's degree in Sanskrit, English, Economics, or Commerce with Hindi as a subject at the Bachelor's degree level.

Age limit

A candidate must have been born on or after August 1, 1992, and not have exceeded the age of 30 years as of July 31, 2022.

The relaxation in age is tabulated below:-

Category

Relaxation in age

Scheduled Caste/ Scheduled Tribe 

up to a maximum of five years

Other Backward Classes 

up to a maximum of three years

PwBD candidates

Relaxation of 10 (ten) years

PwBD (OBC) candidates

Relaxation of 13 (thirteen) years

PwBD (SC/ST) candidates

Relaxation of 15 (fifteen) years 

Ex-servicemen.

Relaxation of 5 (five) years

PFRDA ASSISTANT MANAGER SELECTION MODE:

A three-stage method will be used to select candidates: 

Phase I (an online screening test with two papers worth 100 marks each), 

Phase II (an online examination with two papers worth 100 marks each), and 

Phase III (Interview).

PFRDA ASSISTANT MANAGER EXAM PATTERN:

a. PHASE I ON-LINE EXAMINATION:

An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held on a date to be announced on the PFRDA website shortly. The exam will consist of:

Paper-1

Streams/ Subject 

Maximum Marks

No. of Questions 

Duration

English Language

25 

20

 60 minutes

Quantitative Aptitude

25 

20

Test of Reasoning

25 

20

General Awareness (including some questions related to Financial Sector)

25 

20

Total 

100

80

Paper-2

Streams/ Subject 

Maximum Marks

No. of Questions 

Duration

General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector

100

50

 40 minutes

Information Technology, Finance and Accounts, Research (Economics), Legal and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subject related to the stream.

100

50

40 minutes

Total 

200

100


  1. For Papers 1 and 2 in Phase I, there will be a negative marking (1/4 of the final marks awarded to the question).

  2. In order to be selected for Phase II, candidates had to meet separate cutoffs for each paper as well as the overall Phase I cutoff marks.

  3. The Authority shall choose the minimum combined cut-off marks for Phase II shortlisting based on the number of openings.

  4. Phase I marks will only be used to shortlist candidates for Phase II; they will not be taken into account when choosing the candidates.

  5. The date and time for Phase II will be notified to qualified candidates through email and/or call letters. A list of these candidates will also be made accessible on the PFRDA website.

b. PHASE II ON-LINE EXAMINATION:

An online screening examination consisting of two papers of 100 marks each. The exam will consist of:

Streams/ Subject 

Maximum Marks

No. of Questions 

Duration

All Streams: English (Descriptive Test) to test the drafting skills 

100

03

60 minutes

General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector, Information Technology, Finance and Accounts Research (Economics), Legal and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subjects related to the stream.

100

80

40 minutes

  1. A new call letter will be given to candidates who have been selected for Phase II.

  2. Paper II will be administered in different shifts for candidates who have applied to more than one stream; the call letter will specify the times.

  3. For Paper 2 in Phase II, there will be a negative marking (1/4 of the total marks given to the question).

  4. To be selected for Phase III, candidates would need to achieve different cut-offs in each paper as well as the Phase II overall cut-off scores.

  5. The Authority will choose the minimal overall cut-off score for Phase III shortlisting based on the number of openings.

  6. Paper 1 will only be considered for candidates who earn the required minimum marks in Paper 2.

  7. The date and time for Phase II will be notified to qualified candidates through e-mail and/or call letters. A list of these candidates will also be made accessible on the PFRDA website.

c. PHASE III INTERVIEW:

Only those who have been shortlisted will be called for an interview. Candidates who are not selected for the Phase II online examination and the Phase III interview will not receive a refund of their application and notification fees. The interview format for the candidate has two options: Hindi or English.

Note: A weighting of 85% will be given to the marks earned in Phase II online examination, and 15% will be given to the scores earned in the Phase III interview. PFRDA retains the right to alter the selection procedure whenever it is deemed fit.

PFRDA ASSISTANT MANAGER SYLLABUS:

Syllabus for Paper 2 for General Stream(Common Syllabus for both phases)

Topic 

Questions will be based on

Commerce & Accountancy

a) Accounting as a financial information system; 

b) Accounting Standards with specific reference to Accounting for Depreciation, Inventories, RevenueRecognition, Fixed Assets, Foreign Exchange Transactions, Investments. 

c) Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis; 

d) Accounting for Share Capital Transactions including Bonus Shares, Right Shares. 

e) Employees Stock Option and Buy-Back of Securities. 

f) Preparation and Presentation of Company Final Accounts.

Management

a) Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling; 

b) The Role of a Manager in an Organization. Leadership: The Tasks of a Leader; 

c) Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. 

d) Human Resource Development: Concept of HRD; Goals of HRD; 

e) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 

f) Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.

Finance 

1) Financial System 

a) Role and Functions of Regulatory bodies in the Financial Sector. 

2) Financial Markets 

a) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

3) General Topics 

a) Basics of Derivatives: Forward, Futures and Swap 

b) Recent Developments in the Financial Sector 

c) Financial Inclusion- use of technology 

d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership 

e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, FiscalResponsibility and Budget Management Act (FRBM), f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

Costing

1. Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting. 

2. Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/Operation Costing, Costing of Service Sectors. 

3. Basics of Cost Control and Analysis - 

(i) Standard Costing, 

(ii) Marginal Costing, 

(iii) Budget and BudgetaryControl.

4. Lean System and Innovation:- 

a) Introduction to Lean System 

b) Just-in-Time (JIT) 

c) Kaizen Costing 

d) 5 Ss 

e) Total Productive Maintenance (TPM)

f) Cellular Manufacturing/ One-Piece Flow Production Systems g) Six Sigma (SS) h) Introduction to Process Innovation and Business Process Re-engineering (BPR)

Companies Act 

The Companies Act, 2013 – Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII and Chapter XXVII.

Economics

a) Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS-LM, Inflation and Phillips Curve, Business Cycles 

b) Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Nonbanking Financial Institutions. 

Pension Sector

a) Status of the pension sector in India 

b) Types of retirement schemes in India and their features 

c) National Pension System 

d) Atal Pension Yojana 

e) Annuity Plans 

f) Basics of investment


Syllabus for Paper 2 Information Technology Stream (Common for both phases)

Topic 

Questions will be based on

Database Concepts

ER‐model. Relational model: relational algebra, tuple calculus, Integrity constraints, normal forms. File organization, indexing (e.g., B and B+ trees), Transactions and concurrency control.

SQL Queries 

Select, view, truncate, delete, update, alter, Inner join, different types of outer joins, use of aggregate functions, Union, intersection, except, in and exist clauses, nested queries

Programming Concepts (Java /C C++) 

Program control (iteration, recursion, Functions), Scope of variables, Binding of variables & functions, Parameter passing, Functional and Logic Programming, OOPS Concepts, Inheritance, Class and object, Constructors, Functions, Exception Handling

Data Analytics Languages (Python / R)

Regex, Slicing, Data reshaping, Dataframes, Dictionaries and Sets, File Management, Classes and Functions, Data Mining, Lists, Importing and exporting data, charts and graphs

Algorithms for problem-solving

Tree and graph traversals, connected components,Spanning trees, Shortest paths; hashing, Sorting, Searching; Design techniques (Greedy, DynamicProgramming, Divide and-conquer) 

Networking Concepts

ISO/OSI stack, LAN Technologies (Ethernet, Tokenring), TCP/UDP, IP, Basic concepts of switches, gateways, and routers, Application layer protocols (DNS, SMTP, POP, FTP, HTTP), Firewalls

Information & Cyber SecurityConcepts

Cyber Attacks, Software Development Security, Network security, Authentication, CIA - Confidentiality,Integrity and Availability, Network Audit, Systems Audit 

Data warehousing

Data Extraction, Data Cleaning, Data Transformation,Data Loading, Metadata, Data Cube, Data Mart, Data Models,

Shell Programming

Shell Scripting Basics, Shell Variables, Shell Script Arguments, If Statement, Loop, Return, Basic UNIX commands


Syllabus for Paper 2 for Research (Economics) Stream (Common Syllabus for both phases)

Topic 

Details

Economics

Demand and Supply, Market Structures, National Income, Determination of output and employment, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS – LM, Inflation and Phillips Curve, Business Cycles, Inflation, Monetary and Fiscal Policy, Banking Functions, Public Goods, Tax & Non-Tax Revenue, Direct & Indirect Taxes, Fiscal Balance, Public Debt, Public Budget and Foreign Trade and Balance of Payments

Statistics and Econometrics

Measures of Central tendency & dispersions, Correlation, Sampling methods, Sampling Distribution, Statistical Inferences, Hypothesis testing, Regression Analysis, Panel Data Analysis, Time Series Properties and Analysis.

Financial Institutions and Markets

Asymmetric Information, Market Model, Market Efficiency, Money, Credit and Capital Markets, Primary Market, Secondary Market, Commodity Markets, Mutual Funds, Stock Exchanges, Credit Rating Agencies, Pension And Insurance Markets, Foreign Exchange Markets, Role of International Financial Institutions, IS, IMF & World Bank.


Syllabus for Paper 2 for Legal Stream (Common Syllabus for both phases)

Topic

Questions will be based on

PFRDA Act, 2013

-

IRDAI Act, 1999

-

SEBI Act, 1992

-

Constitution of India

Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI, Part XII, Part XIII, Part XIV, Part XIVA, Part XX

Law of Contracts

Indian Contract Act, 1872 (Chapters I to VI and VIII to X), Indian Partnership Act, 1932, Specific Relief Act, 1963

Criminal Law

Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973

Law of Evidence

Indian Evidence Act, 1872

Code of Civil Procedure, 1908

Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule-I

Administrative Law and Principles of Natural Justice

-

Jurisprudence and Interpretation of Statutes

Important Latin terms and maxims

Law of Torts and Consumer Protection Act, 2019

-

Arbitration and Conciliation Act, 1996 

Part I, Part III, Part IV

Transfer of Property Act, 1882

Chapter III, Chapter IV, Chapter V

Law of Trusts

Parties to a Trust Deed and Duties of Trustees, 

Corporate Law

Companies Act, 2013 (Chapter I, Chapter II, Chapter III, Chapter IV, Chapter V, Chapter VII, Chapter VIII, Chapter IX, Chapter X, Chapter XI, Chapter XII, Chapter XIII, Chapter XV, Chapter XVI, Chapter XXVII, Chapter XXVIII, Chapter XXIX); Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II), 

Taxation

General principles


Syllabus for Paper 2 for Finance and Accounts Stream (Common for both Phases)

Topic

Questions will be based on

The Basic Financial Statement

Trial Balance:

  • Balance Sheet 

  • Cash flow statement 

  • Income Statement

Analysis of Financial Statement Ratio

-

Break Even Analysis

-

IND AS

-

Standard on Auditing

-

Cost accounting concepts (basics)

  • Marginal costing

  • Cost volume profit analysis

  • Cost sheet o Forecasting

Management accounting

  • Cost of capital

  • Capital structure

  • Capital budgeting

  • Sources of finance

Corporate accounting

-

Business law

  • Negotiable instruments

  • Contract act

  • Partnership act

  • Company law (Go through all these laws with amendments)

Income Tax Act

-

GST

-

Knowledge of IT and Digital Transaction

-

Compliance of KYC Norms

-

Financial System

Role and Functions of Regulatory bodies in Financial Sector.

Financial Markets

Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

General Topics

a)Basics of Derivatives: Forward, Futures and Swap

b) Recent Developments in the Financial Sector

c) Financial Inclusion- use of technology

d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership

e) Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),

f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

g) Economics: Capital market, Money market, Micro and macro economics concepts and Updates related to money market and RBI policies


Syllabus for Paper 2 for Official Language (Rajbhasha) Stream (Common for both Phases)

Topic

Questions will be based on

भारत सरकार की राजभाषा नीति

(Official Language Policy of the Govt. of India) से संबंधित प्रश्न

हिन्दी से अंग्रेजी अनुवाद

 हिन्दी से अंग्रेजी अनुवाद [शब्द / वाक्यांश / वाक्य / Terms / Phrases / Sentences]

अंग्रेजी से हिन्दी अनुवाद

[शब्द / वाक्यांश / वाक्य / Terms / Phrases / Sentences]

हिन्दी से अंग्रेजी

विधिक शब्दावली (Legal Terminology)

अंग्रेजी से हिन्दी

विधिक शब्दावली (Legal Terminology)

हिन्दी से अंग्रेजी

पेंशन / प्रशासनिक / बैंकिंग / पूंजी बाजार / अर्थशास्त्र / सामाजिक सुरक्षा शब्दावली (Pension / Administrative / Banking / Capital Market / Economics / Social Security Terminology)

अंग्रेजी से हिन्दी

पेंशन / प्रशासनिक / बैंकिंग / पूंजी बाजार / अर्थशास्त्र / सामाजिक सुरक्षा शब्दावली (Pension / Administrative / Banking / Capital Market / Economics / Social Security Terminology)


Paper 1 of Phase- II :- English Writing Skills

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic including precis writing/ essay writing/ comprehension.

SERVICE CONDITIONS AND SALARY::

  • Probation:Successful candidates for the position of Officer Grade 'A' (Assistant Manager) must serve a one-year probation period. They will be confirmed in the PFRDA's services if they perform satisfactorily during their probation period and the concerned authorities verify their character and antecedents.

  • The pay scale of Officers in Grade ‘A’ is Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)- 85850-3300(1)-89150 (17 years).

  • In addition to salary and benefits, a candidate appointed as Officer Grade 'A' would be eligible for the below-mentioned qualification allowance:

Qualification

Completion Level 

Qualification Allowance per month

Actuarial

Fellow of the Institute of Actuaries of India (IAI)

Rs. 80,000/-

Pass or exemption in all Seven (07) ‘Core Principles’ subjects of the Institute of Actuaries of India (IAI) Examination.

Rs. 15,000/-

Finance & Accounts

ACA / ACMA (erstwhile AICWA) / ACS/ CFA

Rs. 3,500/- 

Information Technology

Master’s Degree

Rs. 3,500/-

Economics / Statistics / Law / Finance

Doctorate of Philosophy (Ph.D.)

Rs. 3,500/- 

VACANCY:

Stream 

Vacancy

General

15

Finance and Accounts

02

Information Technology

01

Research (Economics) 

01

Legal

02

Official Language (Rajbhasha)

01

Total 

22

EXAMINATION CENTRES:

a. The Phase I online examination will be held at the following centres:-

East Zone

West Zone

North Zone

South Zone

Central Zone

Kolkata

Mumbai / Navi Mumbai / Thane/ Mumbai Metropolitan Region

Chandigarh / Mohali

Chennai

Bhopal

Patna

Surat

Delhi / NCR

Hyderabad

Nagpur

Guwahati 

Ahmedabad / Gandhinagar

Lucknow

Trivandrum

Raipur

Bhubaneshwar 

Jaipur 

Jammu 

Bangalore 

Indore

Ranchi 

Pune 

Dehradun 

Visakhapatnam 

Prayagraj

Imphal 

Hubli/ Dharwad

Meerut 

Kochi/ Ernakulam

Kanpur


Siliguri 

Aurangabad (MH)

Haldwani 

Madurai



Agartala 

Nasik


Coimbatore


Muzaffarpur

Panaji


Vijaywada



b. The Phase II online examination will be held at the following centres:

East Zone

West Zone

North Zone

South Zone

Central Zone

Kolkata

Mumbai / Navi Mumbai / Thane/ Mumbai Metropolitan Region

Chandigarh / Mohali

Chennai

Bhopal

Patna

Ahmedabad / Gandhinagar

Delhi / NCR

Hyderabad

Nagpur

Guwahati 

Jaipur 

Lucknow

Trivandrum

Raipur

Bhubaneshwar 


Jammu 

Bangalore 


Ranchi 


Dehradun 



Please rate the article so that we can improve the quality for you -

Latest News

Latest Quiz

CAPF (AC) GENERAL SCIENCE BOOSTER

Start Quiz

CAPF (AC) POLITY BOOSTER

Start Quiz

CAPF (AC) GEOGRAPHY BOOSTER

Start Quiz

CAPF (AC) HISTORY BOOSTER

Start Quiz

QUESTION OF THE DAY :)

Start Quiz