SAIL Director (Finance) Recruitment 2026

About This Job

Steel Authority of India Limited (SAIL) is hiring a Director (Finance) through the Public Enterprises Selection Board (PESB). SAIL is a Maharatna Central Public Sector Enterprise and one of India's largest steel makers. The pay scale is Rs. 1,80,000 - Rs. 3,40,000 per month (IDA pattern) plus perks and allowances. The last date to apply is 17 June 2026 by 3:00 PM. You need at least 5 years of senior management experience in Finance and Accounts in a large organisation, with a CA / ICWA / MBA-Finance background.

SAIL Director (Finance) Recruitment 2026 - 1 Post

Steel Authority of India Limited (SAIL), a Schedule A Maharatna CPSE under the Ministry of Steel, has invited applications for the post of Director (Finance) through PESB. The Director (Finance) is a member of the Board of Directors and reports to the Chairman. This is one of the top executive positions in Indian PSU finance, with overall responsibility for financial management, corporate accounts, treasury, taxation and policy formulation across all SAIL plants and units. The vacancy arises on 9 May 2026, and PESB will shortlist candidates for a personal interview.

Who Can Apply?

Age Limit:

• For internal CPSE candidates: minimum 2 years of residual service as on the date of vacancy
• For other candidates: minimum 3 years of residual service before superannuation
• Maximum age: 60 years (superannuation age in CPSEs)

Employment Status (one of the following):

• Officers from Central Public Sector Enterprises (CPSEs)
• Officers of the Central Government, Armed Forces or All India Services
• Senior executives from the Private Sector (large companies)

Qualification:

• You must be a Chartered Accountant (CA) or Cost Accountant (ICWA / CMA) or have a full-time MBA / PGDM with specialisation in Finance from a recognised institute
• Candidates with a CA or ICWA qualification will be preferred

Experience:

• You should have at least 5 years of cumulative experience at a senior level during the last 10 years in Finance, Accounts, Audit, Taxation or Treasury functions in a large organisation
• Experience of corporate finance, project finance, financial management, MIS, budgeting and statutory audit handling is essential

Pay Scale Eligibility:

• CPSE candidates: Working in the IDA pay scale of Rs. 1,80,000 - Rs. 3,40,000 (or one level below in the same pay scale), or holding a similar Board-level post in a smaller CPSE
• Government candidates: Officers holding analogous posts on regular basis, or with at least 2 years of service at Joint Secretary level (or equivalent)
• Private Sector candidates: Should be working at Board level position, or at least one level below Board, in a company with a turnover of Rs. 500 crore or more

Age Limit

• You must have at least 2 years residual service (CPSE candidates) or 3 years residual service (others) as on the date of vacancy, which is 9 May 2026
• The age of superannuation in CPSEs is 60 years
• For Government candidates, residual service is calculated as per their applicable retirement age

Salary

• Pay Scale: Rs. 1,80,000 - Rs. 3,40,000 per month (IDA pattern)
• Plus Dearness Allowance, House Rent Allowance, Perks (under cafeteria approach), Performance Related Pay and other allowances as per CPSE Maharatna rules
• You will also get a company car, residential accommodation, telephone and other benefits applicable to Board-level appointees
• Total cost-to-company is typically around Rs. 60-80 lakh per annum at the entry level of this pay scale

Selection Process

The selection will be done by the Public Enterprises Selection Board (PESB) in the following stages:

1. Screening of Applications: PESB will scrutinise applications and shortlist candidates who meet the eligibility criteria.
2. Interview by PESB Panel: Shortlisted candidates will be called for a personal interview before the PESB.
3. Recommendation to ACC: PESB will recommend the most suitable candidate to the Appointments Committee of the Cabinet (ACC) for final approval.
4. Appointment Order: After ACC approval, vigilance clearance and other formalities, the appointment letter is issued by the Ministry of Steel.

Tenure: The appointment is normally for 5 years from the date of joining or until the date of superannuation, whichever is earlier.

How to Apply

1. Go to the PESB portal at pesb.gov.in.
2. Register for a One Time Registration (OTR) account if you do not already have one.
3. Log in and select the SAIL Director (Finance) vacancy.
4. Fill in the online application form with your personal, educational and service details.
5. Upload supporting documents and your latest photograph.
6. Submit the application before 17 June 2026 at 3:00 PM.
7. If you are working in a Government Department or CPSE, send a forwarded copy of your application along with vigilance clearance, ACR/APAR dossiers and other required documents through your employer to PESB.

Important Dates

• Notification Date: 27 May 2026
• Date of Vacancy: 9 May 2026
• Last Date to Apply: 17 June 2026 by 3:00 PM
• Interview Date: To be announced by PESB

• Lead the Finance, Accounts and Treasury functions of SAIL as a Board-level Director
• Frame financial policy, corporate accounting strategy and capital structure decisions for the company
• Oversee budgeting, MIS, internal audit, statutory compliance and tax planning across all plants and units
• Manage cash flow, working capital, banking relationships and fund-raising for capital expenditure projects
• Drive cost control, profitability improvement and financial restructuring initiatives
• Engage with statutory auditors, CAG, regulators, banks, rating agencies and the investing public on financial matters
• Advise the Chairman and the Board on all finance-related strategic and operational decisions