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:

Go to the PFRDA's official website at www.pfrda.org.in
Now select the "Careers" tab.
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"
When you click the aforementioned link, a new screen with the option to "Apply Online" will appear.
Click the "Click here for new registration" tab to register an application, then enter your name, phone number, and email address.
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.
Now, complete all the necessary information, including the applicant's name, father's name, educational background, and residential address etc.
Candidates can continue to upload their photo, signature, left thumbprint, and handwriting declaration in accordance with the guidelines.
Before clicking the "Complete Registration" button, select the Preview tab to preview and check the full application form.
When you are absolutely sure your uploaded photo, signature, and other details are accurate and have been modified as necessary, click "Complete Registration."
To make a payment, select the "Payment" tab and click submit.
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

For Papers 1 and 2 in Phase I, there will be a negative marking (1/4 of the final marks awarded to the question).
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.
The Authority shall choose the minimum combined cut-off marks for Phase II shortlisting based on the number of openings.
Phase I marks will only be used to shortlist candidates for Phase II; they will not be taken into account when choosing the candidates.
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

A new call letter will be given to candidates who have been selected for Phase II.
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.
For Paper 2 in Phase II, there will be a negative marking (1/4 of the total marks given to the question).
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.
The Authority will choose the minimal overall cut-off score for Phase III shortlisting based on the number of openings.
Paper 1 will only be considered for candidates who earn the required minimum marks in Paper 2.
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/-
Actuarial	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