Andhra Pradesh State Financial Corporation (APSFC) Assistant Manager

APSFC Assistant Manager

The Andhra Pradesh State Financial Corporation (APSFC) Assistant Manager is a state-owned financial institution in the Indian state of Andhra Pradesh. APSFC offers term loans to new and existing industrial units for setting up new projects, expanding existing units, modernization, and diversification. The corporation provides working capital assistance in the form of cash credit, bank guarantee, letter of credit, and other facilities to meet the short-term financing needs of industrial enterprises.

Post Name: Assistant Managers

Post Date: 31-05-2023

Total Post: 20

Important Dates

Apply Online 31-05-2023
Last date of Submission of Application 30-06-2023
Last date for Payment of Application Fee (ONLINE remittance only through Net Banking/Debit Card) 30-06-2023
Mode of Registration or Payment Online
Online test (tentative) Month of July, 2023

Qualification

  • Asst. Manager (Finance) – CA (Inter) or CMA (Inter) or MBA or PGDM
  • Asst. Manager (Technical) – B.Tech (Mechanical / Civil Engineering), Post Graduate
  • Assistant Manager (Law) – Graduate Degree in Law

Age limits

Cadre Minimum Age Maximum Age
Assistant Manager 21 30

Application Fee

 ST/SC Rs. 354/-
General Rs. 590/-
Payment Mode Online

APSFC stands for Andhra Pradesh State Financial Corporation, which is a state government-owned financial institution in Andhra Pradesh, India. The APSFC provides financial assistance and support to various industries and sectors within the state. The role of an Assistant Manager at APSFC involves several responsibilities and functions.

Loan Processing and Evaluation: Assistant Managers at APSFC are involved in the loan processing and evaluation process. They review loan applications, assess the financial viability and creditworthiness of borrowers, and analyze project proposals to determine the eligibility for financing.

Credit Risk Analysis: Assistant Managers analyze credit risks associated with loan applications and evaluate the potential risks and benefits for APSFC. They assess factors such as the borrower’s financial strength, repayment capacity, market conditions, and industry outlook to make informed decisions about loan approvals.

Financial Analysis and Due Diligence: Assistant Managers conduct financial analysis and due diligence to evaluate the financial performance and stability of loan applicants. They review financial statements, conduct financial modeling, and assess the feasibility of proposed projects.

Relationship Management: Assistant Managers at APSFC build and maintain relationships with borrowers and stakeholders. They liaise with clients, understand their financial needs, provide guidance and support throughout the loan process, and ensure smooth communication between APSFC and borrowers.

Documentation and Compliance: Assistant Managers ensure that all necessary documentation, agreements, and legal formalities are completed accurately and in compliance with the applicable regulations. They coordinate with internal departments and external agencies to ensure compliance with legal and regulatory requirements.

Monitoring and Recovery: Assistant Managers play a role in monitoring loan accounts and tracking the repayment progress of borrowers. They identify early signs of potential defaults, take appropriate actions to address delinquencies, and collaborate with recovery teams to minimize financial losses.

Reporting and Analysis: Assistant Managers prepare reports, presentations, and financial analyses to provide insights and updates to senior management. They contribute to the development of financial strategies, risk management plans, and decision-making processes.

APSFC Assistant Manager Selection Process

The selection process for the Assistant Manager position at APSFC (Andhra Pradesh State Financial Corporation) typically involves several stages to assess the candidates’ qualifications, skills, and suitability for the role.

Notification and Application: APSFC releases a notification or advertisement outlining the Assistant Manager vacancies, along with the eligibility criteria, required qualifications, and application instructions. Interested candidates are required to submit their applications within the specified time frame, usually through an online application portal or by sending their application through the prescribed mode.

Screening of Applications: The received applications are screened to verify if the candidates meet the required qualifications, experience, and other eligibility criteria mentioned in the notification. Candidates who meet the initial criteria are shortlisted for further stages of the selection process.

Written Examination: Shortlisted candidates may be required to appear for a written examination. The written test assesses the candidates’ knowledge, aptitude, and technical skills relevant to the Assistant Manager role. The examination may consist of objective-type questions, including topics such as finance, accounting, banking, general awareness, reasoning, and English language skills.

Group Discussion (GD) or Interview: Candidates who qualify the written examination are usually called for a group discussion or an interview. In the group discussion, candidates are given a topic or a case study to discuss, and their communication skills, leadership abilities, and teamwork are evaluated. Alternatively, candidates may directly proceed to the personal interview stage, where a panel of interviewers assesses their suitability for the Assistant Manager role based on their qualifications, experience, problem-solving skills, and domain knowledge.

Document Verification: Candidates who successfully clear the written examination, group discussion, or interview stages may be required to undergo a document verification process. This involves providing original documents, certificates, and testimonials to validate their educational qualifications, work experience, and other credentials mentioned in the application.

Final Selection: The final selection is based on the candidates’ performance in all the stages of the selection process. The APSFC may prepare a merit list of the selected candidates based on their scores and rankings. The selected candidates are then offered the Assistant Manager position and may proceed with the necessary pre-employment formalities.

APSFC Assistant Manager Exam Pattern

The exam pattern for the APSFC (Andhra Pradesh State Financial Corporation) Assistant Manager position may vary from year to year, so it’s important to refer to the official notification or exam advertisement for the most accurate and up-to-date information.

Written Examination: The written examination is usually conducted as the first stage of the selection process. It assesses the candidates’ knowledge and skills in various subjects relevant to the Assistant Manager role. The exam pattern may include the following sections:

General Awareness: This section tests the candidates’ knowledge of current affairs, general knowledge, and banking/financial awareness.

b. English Language: This section evaluates the candidates’ proficiency in English grammar, vocabulary, comprehension, and writing skills.

c. Quantitative Aptitude: This section assesses the candidates’ numerical and mathematical abilities, including topics such as arithmetic, algebra, geometry, and data interpretation.

d. Reasoning Ability: This section tests the candidates’ logical and analytical reasoning skills, including topics such as coding-decoding, puzzles, syllogism, and verbal/non-verbal reasoning.

e. Professional Knowledge: This section focuses on assessing the candidates’ knowledge and understanding of finance, accounting, banking, economics, and related subjects relevant to the Assistant Manager role.

The written examination is typically conducted in an objective-type (multiple-choice) format, where candidates are provided with multiple options to choose the correct answer. The duration of the exam and the number of questions in each section may vary, as specified in the official notification.

Group Discussion and/or Interview: Candidates who qualify in the written examination may be shortlisted for a group discussion (GD) or an interview. In the group discussion, candidates are evaluated on their communication skills, leadership qualities, teamwork, and the ability to present and discuss their viewpoints on a given topic or case study. Alternatively, candidates may directly proceed to the personal interview stage, where a panel of interviewers assesses their suitability for the Assistant Manager role based on their qualifications, experience, domain knowledge, problem-solving skills, and overall personality.

APSFC Assistant Manager Salary

Basic Pay: The basic pay for an APSFC Assistant Manager typically ranges from around INR 31,705 to INR 45,950 per month.

Grade Pay and Allowances: In addition to the basic pay, an Assistant Manager may be eligible for various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, and Travel Allowance, among others. The exact amount of these allowances may vary based on the organization’s policies and the location of posting.

Other Benefits: APSFC Assistant Managers may also receive other benefits and perks such as insurance coverage, retirement benefits, leave entitlements, and opportunities for professional development.