Punjab State Electricity Regulatory Commission invites applications for Director/Finance
The Punjab State Electricity Regulatory Commission (PSERC) has invited applications for the post of Director/Finance, offering an important opportunity for experienced finance professionals, particularly Chartered Accountants (CA), Cost Accountants (CMA) and MBA Finance professionals with substantial experience in financial management.
The recruitment is being conducted under Recruitment Notice Reference No. 79/2026/10. Along with Director/Finance, the notification also covers the posts of Staff Consultant and Registrar/Joint Director (Legal). The post of Director/Finance carries one vacancy. Applications are required to reach the Secretary, PSERC by 11 November 2026.
Director/Finance: A senior-level opportunity
The Director/Finance position is designed for professionals with significant experience in finance, financial management and the government/PSU environment. The role is particularly relevant for senior CA and CMA professionals who have built extensive experience in finance functions and have exposure to the power or regulatory sector.
Educational Qualification
Candidates for Director/Finance should possess any of the following qualifications:
- Chartered Accountant (CA)
- Cost Accountant (CMA)
- MBA (Finance)
- Officer belonging to the Indian Revenue Service (IRS)
- Officer belonging to the Indian Audit & Accounts Service (IA&AS)
- Officer belonging to the Indian Economic Service (IES)
The notification therefore provides a direct eligibility route for both CA and Cost Accountant professionals, subject to fulfilment of the prescribed qualifying-service and experience requirements.
Experience requirements
This is not an entry-level finance position. Candidates must satisfy the prescribed qualifying-service requirements through one of the specified routes.
The eligibility includes serving or retired officers of the Central Government, State Government or Central/State Government PSUs who have worked regularly in the prescribed senior pay scale. Another route requires a minimum of four years’ regular experience in the specified lower senior pay scale.
Alternatively, candidates may qualify through a minimum of 20 years of experience in Finance, including at least three years in a senior assignment relating to financial management.
Sector knowledge preferred
For the Director/Finance role, candidates are expected to have familiarity with:
- Electricity laws
- Regulatory affairs
- Developments in the power sector
- Financial management
- Cost analysis
- Tariff formulation
Preference is indicated for candidates possessing relevant experience in tariff formulation, cost analysis and financial management. This makes the opportunity particularly interesting for senior finance professionals who have worked with power-sector companies, utilities, government organisations or regulatory environments.
Deputation or contract basis
The Director/Finance post is to be filled on deputation or contract basis, subject to the applicable PSERC service regulations and conditions.
Candidates applying on deputation are required to follow the prescribed procedure through their parent department. The parent organisation is required to forward eligible applications after due verification, along with the prescribed service and vigilance-related documentation.
Candidates applying on contract are required to submit the prescribed application form along with self-attested documents supporting their educational qualifications, qualifying service and professional experience.
Age limit
For candidates applying for the post on contract basis, the maximum age specified is 62 years on the last date of receipt of applications, subject to the conditions mentioned in the recruitment notification.
Selection process
Selection will be made by the competent authority on the recommendation of the Screening-cum-Selection Committee of PSERC.
The suitability of candidates will be assessed with reference to their qualifications, qualifying service and the nature of their professional experience.
Pay and service conditions
The pay, allowances and other terms and conditions applicable to the Director/Finance position are governed by the Punjab State Electricity Regulatory Commission (Appointment & Service Conditions of Employees) Regulations, 2015, as amended from time to time.
Important details at a glance
| Particular | Details |
|---|---|
| Organisation | Punjab State Electricity Regulatory Commission (PSERC) |
| Post | Director/Finance |
| Vacancy | 1 |
| Recruitment Reference | 79/2026/10 |
| Qualification | CA / Cost Accountant / MBA (Finance) / IRS / IA&AS / IES |
| Experience | Senior government/PSU service route or 20 years Finance experience including 3 years senior financial-management experience |
| Sector Exposure | Electricity laws, regulatory affairs and power sector |
| Preferred Experience | Tariff formulation, cost analysis, financial management |
| Maximum Age for Contract | 62 years |
| Appointment | Deputation / Contract |
| Last Date | 11 November 2026 |
| Location | Chandigarh |
The recruitment notice also includes one Staff Consultant position and one Registrar/Joint Director (Legal) position, taking the total number of posts covered by the notice to three.
Why CA and CMA professionals should consider this opportunity
The PSERC Director/Finance position represents a different career pathway from conventional corporate finance roles. It combines financial management with electricity-sector regulation, making it relevant to senior professionals interested in public-sector institutions, regulatory bodies and the financial aspects of the power sector.
For experienced CA and CMA professionals, the role can be particularly relevant where their career background includes financial management, cost analysis, tariff-related work, government/PSU assignments or exposure to regulated industries.
However, candidates should carefully examine the qualifying-service requirements before applying. Merely holding a CA or CMA qualification does not by itself satisfy all eligibility conditions for this senior position.
How to Apply
Eligible candidates should download the prescribed application proforma from the official PSERC recruitment notice, complete the application and submit it with the required supporting documents to the Secretary, Punjab State Electricity Regulatory Commission by 11 November 2026.
Candidates should carefully verify the official notification for the applicable mode of submission, deputation/contract conditions and documentation requirements before sending their application.
Official PSERC website: Punjab State Electricity Regulatory Commission
Notification: PSERC Recruitment Notice 79/2026/10
The Worldonomics Times – PSU Career Update
The PSERC Director/Finance recruitment is a significant senior-level opportunity for qualified finance professionals seeking roles at the intersection of finance, regulation and the power sector. CA and CMA professionals with extensive finance experience should review the prescribed eligibility criteria and apply within the stipulated deadline.
