Salary of CEO of ONGC Foundation

Designation of COO will be offered, which will be changed to CEO of ONGC Foundation at a later stage depending on on-the-job performance assessed by ONGCF.

ONGC, a Maharatna Public Sector Enterprise, is one of the largest Energy Companies in India. ONGC has set a benchmark continuously for the last two years by achieving 100% utilization of CSR budget, which has been over Rs. 500 Crore each year. This reflects ONGC’s commitment as a responsible Corporate Citizen of giving back to the society.

With the vision of impacting and socially transforming the lives of the underprivileged, ONGC created a trust under the Indian Trusts Act 1882 named ONGC Foundation to undertake, augment, and facilitate activities, initiatives, and projects relating to corporate social responsibility.

I. Profile

The ONGC Foundation (ONGCF) was established in 2014 with the noble vision of transforming the lives of the underprivileged. The foundation focuses on Corporate Social Responsibility (CSR) initiatives that promote Sustainable Development Goals (SDGs) and strive for a sustainable world. Through partnerships with various stakeholders, including government, non-government, and community-based organizations, ONGCF works towards holistic impact and inclusive growth.

The Foundation supports responsible initiatives focused on meeting the needs of the present without compromising the ability of future generations to meet their needs while taking care of the concern for People, Planet, and Profit.

ONGC Foundation’s initiatives span across the length and breadth of the country, touching upon major focus areas of Healthcare, Education, Livelihood, Skill Development, Rural Development, and Environmental Sustainability.

The Foundation, under the aegis of Oil and Natural Gas Corporation (ONGC), a Maharatna Public Sector Undertaking (PSU), is committed to creating a positive impact in the community and forging new partnerships to innovate and address the evolving needs of society.

II. Position Summary

The position shall provide leadership and direction in fulfilling and advancing the mission of the Foundation. The COO/CEO is responsible for leading the Foundation in achieving its operational and strategic goals, including fund management, program operations, board relations, human capital management, community relations, and administrative matters.

III. Key Functions and Responsibilities

The COO/CEO shall report to the Board of Trustees of ONGC Foundation and will be responsible for all the affairs of the ONGCF, covering:

• Strategic Leadership and Development of the Trust:
  • Strategic and operational planning, including preparation, adoption (by Board of Trustees), and execution of annual Work Plan, Annual Budget, and Execution Plan.
• Project Management:
  • Supervise and monitor the execution of schemes, projects, and activities of the Trust, keeping vigil and control over all activities likely to result in cost and time overruns.
  • Ensure due diligence before considering proposals or projects for funding in accordance with the practices, procedures, rules, and directions of the Trust.
• Fund Management:
  • Develop and effectively manage the trust’s resources and facilities, including overseeing major capital projects.
  • Plan, implement, and monitor the trust’s internal and external financial reporting, including the Annual Report and Annual Accounts of the Trust.
• Administrative Management:
  • Day-to-day functioning of the Trust for achieving its objectives and reporting to the Trustees.
• Other Responsibilities:
  • Other such responsibilities as may be delegated by the Board of Trustees.
  • For regular and day-to-day operations, the incumbent will report to Director (HR), ONGC, who is one of the Trustees of ONGCF.

IV. Eligibility

1. Age: On the last date of submission of the application.
   • Minimum: 53 years
   • Maximum: 58 years
2. Essential Qualification:
   • Graduate, regular full-time from a recognized University/Institute with additional qualifications (regular full-time) in any one of the following:
     • Post Graduate Degree / Diploma in Social Sciences / Works / Service
     • Post Graduate Degree / Diploma in Public Policy
     • Post Graduate Degree / Diploma in Political Science
     • Post Graduate Degree / Diploma in Public Administration
     • Post Graduate Degree / Diploma in Economics / Commerce
     • Chartered Accountant / Cost Accountant
     • MBA / PGDM
   Candidates possessing an additional qualification of MBA/PGDM will be preferred.
3. Experience:
   • Minimum 15 years of experience in the field of CSR, having worked for at least 5 years in a company/organization with an annual spend of Rs. 150 Crore per year towards CSR activities during these 5 years.

V. Selection Process

a. Candidates meeting the eligibility criteria will be shortlisted for an interview.

b. Shortlisting Criteria:

• Shortlisting of candidates will be done in the ratio of 1:20 (20 candidates for 1 post) based on the weightage of Qualification and Experience. The shortlisting criteria will be as follows:
  • Qualification (40 marks):
    • Graduation + MBA/PGDM = 40 marks
    • Graduation + other additional Qualification as mentioned in para IV (2) = 30 Marks
  • Experience (60 marks):
    • 50 marks for fulfilling the requisite experience criterion.
    • 2 marks for each additional year of experience, subject to a maximum of 10 marks.

c. If the number of candidates after applying the shortlisting criteria is more than 20, further shortlisting will be done by the selection committee based on relevant experience suitable for the post.

d. The shortlisted candidates will be called for a Personal Interview in Delhi. A merit list will be prepared based on the ranking given by the Selection Committee.

e. The decision of the Selection Committee in respect of shortlisting and final selection will be final.

VI. Remuneration

• Salary of CEO of ONGC Foundation: Salary of CEO of ONGC Foundation is upto Rs. 75 Lakh per annum CTC, depending on CTC in the previous company, besides provision for travel and accommodation, while on official tour at par with E7 level officer of ONGC.

VII. Tenure of Engagement

• Engagement shall be purely tenure-based, for a period of three years, from the date of offer of appointment.
• There will be a provision for extension, maximum up to two terms not exceeding 12 months in each instance, with approval of the Board of Trustees of ONGC Foundation.
• The tenure of engagement can be terminated at any time by serving a written notice of one month by either the incumbent or ONGCF.

VIII. How to Apply

a. Eligible & interested candidates need to visit www.ongcfoundation.org to register their application online. The registration site shall remain open from 18.04.2024 to 09.05.2024.

b. Before registering/submitting their online applications, candidates should possess the following, which will be required to be attached/uploaded:

• ID Card (Aadhar Card/PAN Card/Passport/Driving License)
• Mobile number & E-mail ID
• Class Xth certificate showing Date of Birth
• Scanned copy of recent passport size color photograph with white background (Not more than 70 KB size)
• Scanned copy of signature with white background (Not more than 30 KB size)
• All Qualification Certificates (Class X, Graduation & Post Graduation)
• Experience certificates showing a minimum of 15 years of experience in the field of CSR and having worked for at least 5 years in a company/organization with an annual spend of Rs. 150 Crore per year towards CSR activities during these 5 years.
• Latest Curriculum Vitae (CV)
• Last three months’ Payslip
• Last three years’ Form 16

c. All correspondence with the registered candidates shall be done through the registered e-mail and mobile only.

d. Invitation for the interview, showing the date, time, and venue of the Interview, will be made available online. The intimation regarding the call letter being available on the website will be sent through mobile/email.

e. Candidates are required to bring the following documents (original and one xerox copy each) with them at the time of the Interview:

• 2 recent passport size photographs
• All original educational certificates (class X onwards)
• All the Experience certificates
• Class Xth certificate showing Date of Birth
• Latest CV
• Last three months’ Payslip
• Last three years’ Form 16

X. General Instructions

a. All applicants must fulfill the essential requirements of the post and other conditions stipulated in the advertisement. They are advised to satisfy themselves before applying. No enquiry asking for advice as to eligibility will be entertained.

b. Applicants are required to apply online only. No manual/paper application shall be accepted.

c. Screening and selection will be based on the details provided by the candidate; hence it is necessary that applicants should furnish only accurate, full, and correct information. Furnishing of wrong/false information will be a disqualification.

d. The candidature of the registered candidate is liable to be rejected at any stage of the recruitment process, or after recruitment, or joining, if any information provided by the candidate is found false or is not in conformity with eligibility criteria mentioned in the advertisement.

e. Requests for change of mailing address as declared in the application will not be entertained.

f. If more than one application is received from a candidate, the most recent (current) application will be considered as final. ONGCF’s decision in this regard will be final.

g. Disputes, if any, are subject to New Delhi Jurisdiction only.

h. The candidates applying should ensure that they fulfill all eligibility conditions for the post against which they apply. Their admission at all stages of the selection process will be purely provisional subject to satisfying the prescribed eligibility conditions.

i. Mere issue of an interview call letter to the candidate will not imply that his/her candidature

(Copyright@IndiaCSR)

Also Read