CanBank Venture Capital Fund, wholly owned subsidiary of Canara Bank, invites application for the recruitment of Assistant Vice President / Project Manager.
         

1. Jobs Description:
i) Assistant Vice President (AVP): Post Code - 1
ii) Project Manager (PM): Post Code – 2

2. No of Vacancies:
i) AVP - 1
ii) PM – 2

3. Last Date for receipt of application: 14.05.2011

4. Application: Eligible/Interested candidates are requested to apply in the format of application.

5. Eligibility Criteria: Eligible criteria and other details (Qualification, age etc) shall be computed as on 01.01.2011.

6. Qualification:
a) Asst Vice President:
Essential :
1.BE / B Tech in any discipline from a recognized university.
2.MBA (Preferably in Finance) from a reputed institution.
Desirable : ACA/ACMA/CFA / Degree in Law with excellent academic records.
Experience : 5 - 10 years work experience in Accounting/ Corporate Finance/ Venture Capital / Private Equity / Investment Banking in a reputed organisation. Candidates who have exposure in equity/investment research and valuation in venture capital funds would be preferred.

b) Project Manager:
Essential:
1.BE / B Tech in any discipline from a recognized university.
2.MBA (Preferably in Finance) from a reputed institution.
Desirable: ACA / ACMA /CFA / Degree in Law with excellent academic records.
Experience : 3-5 years work experience in Accounting / Corporate Finance/ Venture Capital / Private Equity / Investment Banking in a reputed organisation. Candidates who have exposure in equity/investment research and valuation in venture capital funds would be preferred.

7. Age :
Asst Vice President – Not More than 40 Years
Project Manager: Not More than 35 Years.

8. Job Profile :
i) Asst Vice President: Responsible for fund raising, Identifying deals, due diligence, appraisal, structuring & negotiating deals, nurturing the investee companies, monitoring and follow up of portfolio investments till exit and fund management.
ii) Project Manager: Responsible for Identifying deals, due diligence, appraisal, structuring & negotiating deals, nurturing the investee companies, monitoring portfolio investment till exit and fund management.

9. Compensation:
i) AVP :* 6.00 Lacs P.A (all inclusive initially)
ii) Project Manager: 4.20 lacs P.A (all inclusive initially).

On satisfactory completion of Probation period of 12 months the candidates will be absorbed under company’s regular salary structure.

10. Other Benefits : Leave and other Perks as per company’s guidelines / regulations.

11. Short Listing : The applications will be short listed based on the Qualification/Additional qualification/ Experience / Computer Proficiency/ Extra Curricular Activities.

12. Interview : The short listed candidates will be called for an interview by way of interview call and/or by E-mail.
The prospective candidates will be interviewed on various traits.
Intimation letter shall be sent to successful candidates.

13. Probation : The successful candidate shall be on probation for a period of 12 Months.

14. Other Conditions:
The company (CVCFL) reserves the right to call only the requisite number of candidates based on the screening of applications.
Incomplete applications received, applications received after the due date will be summarily rejected and the fee will be forfeited.
Applications once made will not be allowed to be withdrawn and fee once paid will not be refunded under any circumstances.
Candidates should not furnish any particulars that are false/tampered/fabricated. Suppression any material information while submitting the application or impersonating or misbehaving or resorting to improper means or bringing outside influence during the interview shall be liable to criminal prosecution besides disqualification from the selection process.
Candidates serving in Govt/PSU are required to produce NOC from their employer at the time of interview, in the absence of which their candidature may not be considered.
The candidate shall attend the interview at his/her own cost.
Decision of CVCFL in all matters regarding eligibility of the candidate, screening of the application, documents to be produced for conduct of interview, selection and any other matter relating to recruitment will be final and binding on the candidate.
CVCFL reserves the right to stall, cancel the recruitment partially/fully at any stage at its discretion without assigning any reason and this decision shall be binding on the candidate. No correspondence or personal enquiries shall be entertained by the company.
The candidates called for interview shall submit all the documents pertaining to age, qualification, experience etc, at the time of interview for verification. Any candidate found ineligible at this stage shall not be allowed to participate in the interview.
Appointment of selected candidate is subject to his/her being declared medically fit and certificate in original to be submitted from medical authority as prescribed by the company.
Either party may terminate the contract by giving one month’s notice in writing / by remitting one month’s gross salary, during the probation period.
The successful candidate should serve the company for a minimum period of one year from the date of confirmation. Towards this, the candidate shall execute a bond, at the time of joining itself, for `50,000/- in case of Project Manager Cadre and `1,00,000/- in case of Asst.Vice President Cadre.
The company shall have the right to recover at its discretion, any loss or money due to the company, from the money due and payable by the company without prejudice to any other remedies the company may adopt for recovering the same.
Any dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated in Bangalore.

CanBank Venture Capital Fund Ltd
Naveen Complex, 6th Floor, #14, MG Road,
Bangalore – 560001 (Wholly owned subsidiary of Canara Bank)