OIL Director (Finance) Recruitment 2026

About This Job

Oil India Limited (OIL) has released notification for 1 Director (Finance) post through the Public Enterprises Selection Board (PESB). Candidates who hold CA, Cost Accountant, or MBA/PGDM (Finance) qualification with senior-level experience can apply online. Last date to apply is 07 April 2026. This is a Board-level position with a salary of Rs. 1,80,000 to Rs. 3,40,000 per month (IDA pattern).

Oil India Limited (OIL) Director (Finance) Recruitment 2026 - 1 Post

Oil India Limited (OIL), a Schedule-A Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has advertised for the post of Director (Finance) through PESB. OIL was incorporated in 1959 and has grown into one of India's leading upstream oil and gas exploration companies with operations across India and abroad. The company employs over 6,580 regular employees and has a Government of India shareholding of 56.66%. The Director (Finance) is a member of the Board of Directors and reports directly to the Chairman and Managing Director. This is a high-level leadership opportunity for experienced finance professionals working in CPSEs, Central Government, State PSEs, or reputed private companies.

Who Can Apply?

Qualification

• Chartered Accountant (CA) or Cost Accountant or full-time MBA/PGDM with specialization in Finance from a recognized university or institution with a good academic record.
• Preference will be given to Chartered Accountants.
• Officers of Organized Group 'A' Accounts Services (IA&AS, IDAS, IRAS, ICAS, IP&TAFS, ICostAS) and applicants from Central Government, Armed Forces, or All India Services at the appropriate level are exempted from the above educational qualifications, provided they have relevant experience.

Employment Status

• You must be employed in a regular capacity (not contractual or ad-hoc) on the date of application and on the date of interview.
• Eligible from: Central PSEs (including Board-level directors), Central Government Group A officers, All India Services, Armed Forces, Public Sector Banks, Financial Institutions, Autonomous Bodies, State PSEs (with annual turnover of Rs. 10,000 crore or more), and Private Sector Companies or JVs (with annual turnover of Rs. 10,000 crore or more).
• For private companies, preference is given to candidates from listed companies.

Experience

• You need at least 5 years of cumulative experience at a senior level during the last 10 years in Corporate Financial Management or Corporate Accounts in an organization of repute.

Pay Scale Eligibility

• For CPSE candidates: You should be drawing a pay of at least Rs. 1,20,000-2,80,000 (IDA, post 01.01.2017) or equivalent in earlier pay revisions.
• For Central Government officers: You should hold a post at the level of Joint Secretary or equivalent on a substantive basis.
• For Armed Forces: You should hold a post at the level of Major General or equivalent rank.
• For State PSE, Private Companies, JVs: You should be working at Board level or at least one level below the Board.
• Minimum service in eligible scale: 1 year for internal candidates, 2 years for others (as on the date of vacancy).

Age Limit

• Minimum age: 45 years (as on 01 April 2027, the date of vacancy).
• Maximum age for internal candidates: Must have at least 2 years of residual service before superannuation (age 60).
• Maximum age for external candidates: Must have at least 3 years of residual service before superannuation (age 60).
• In practical terms, internal candidates should not be older than 58 years and external candidates should not be older than 57 years as on 01 April 2027.

Salary

• Pay Scale: Rs. 1,80,000 to Rs. 3,40,000 per month (IDA pattern).
• This is a Schedule-A Maharatna CPSE Board-level position with additional perks including DA, HRA, company accommodation, official vehicle, medical benefits, and other allowances as per DPE guidelines.

Selection Process

Selection is through PESB:

1. Shortlisting of Applications: PESB reserves the right to shortlist applicants based on eligibility criteria and extant guidelines.
2. Interview by PESB Panel: Shortlisted candidates will be called for an interview before the Public Enterprises Selection Board in New Delhi.
3. Recommendation: PESB recommends the selected candidate to the Government for appointment.

There is no written examination for this post. Selection is entirely through interview by PESB.

How to Apply

1. Go to the PESB portal at pesb.gov.in.
2. Find the vacancy for Director (Finance), Oil India Limited in the Advertised Vacancies section.
3. Fill in the Application Form online against the Job Description.
4. Forward the application through proper channel as applicable to your employment category (Cadre Controlling Authority for Government officers, Administrative Ministry for CPSE directors, or directly for private company applicants).
5. Applicants from Private Companies, JVs, and Federations must attach: Annual Reports (3 preceding financial years), documentary proof if the company is listed, evidence of Board-level or immediately-below-Board-level position, self-attested copies of age and qualification documents, and relevant job experience details.

Note: Central Government Officers will be eligible for consideration only on immediate absorption basis.

Important Dates

• Notification Date: 18 March 2026
• Last Date for Online Application: 07 April 2026 (by 3:00 PM)
• Last Date for Forwarding by Nodal Officers: 16 April 2026 (by 5:00 PM)
• Date of Vacancy: 01 April 2027
• Appointment Duration: 5 years from joining or until superannuation, whichever is earlier

• Oversee the complete finance and accounts function of Oil India Limited as a member of the Board of Directors
• Formulate and implement policies relating to corporate finance, budgeting, and resource allocation
• Manage financial planning, treasury operations, and investment decisions for the company
• Ensure compliance with statutory financial reporting requirements, tax laws, and audit standards
• Present financial performance reports and strategies to the Board, shareholders, and regulatory authorities
• Coordinate with the Ministry of Petroleum and Natural Gas, CAG, and other government bodies on financial matters
• Drive cost optimization, risk management, and internal control frameworks across the organization