HCI Chief Financial Officer Recruitment 2026 - Apply Offline

The Housing and Urban Development Corporation Limited (HUDCO) is recruiting for the position of Chief Financial Officer (CFO), a senior executive role responsible for overseeing financial operations, planning, and strategic financial management of the organization. HUDCO is a Government of India enterprise under the Ministry of Housing and Urban Affairs that provides financial assistance for housing and urban infrastructure projects across India. This is a high-level appointment made through offline application process, seeking experienced finance professionals to lead the financial functions of this premier public sector undertaking. The CFO will be responsible for financial reporting, risk management, compliance, budgeting, and advising the management on financial strategy. This recruitment is open to candidates from across India who meet the stringent educational and experience requirements for this executive position.

Important Dates

Vacancy Details (Typical / Indicative)

Note: For senior executive positions like CFO, typically single vacancy is advertised without category-wise breakup.

Educational Qualification

• Essential: Chartered Accountant (CA) / Cost Accountant (ICWA/CMA) / MBA (Finance) from recognized university/institution
• OR Post Graduate degree/diploma in Finance/Accounting from recognized institution
• Preferred: Additional professional certifications like CFA, FRM, or CS would be advantageous

Experience Required

• Minimum 15-20 years of post-qualification experience in finance and accounts functions
• At least 5-7 years of experience in senior management position in PSU/Bank/Financial Institution/Large Corporate
• Experience in financial planning, treasury management, risk management, and statutory compliance
• Knowledge of banking operations, NBFC regulations, and housing finance sector preferred

Age Limit

Typical / Indicative age criteria for CFO position:

Age calculated as on closing date of application

Nationality

• Candidate must be a Citizen of India
• OR a subject of Nepal/Bhutan
• OR a Tibetan Refugee who came to India before 1st January 1962
• OR a person of Indian origin migrated from Pakistan, Burma, Sri Lanka, East African countries with intention to settle in India

How to Apply - Offline Application Process

1. Download Application Form: Visit the official HUDCO website (www.hudco.org) and download the prescribed application format for CFO recruitment from the Careers/Recruitment section

1. Fill Application Form: Complete the application form with accurate personal, educational, and professional details in clear handwriting or typed format

1. Attach Required Documents: Attach self-attested copies of all educational certificates, experience certificates, identity proof, age proof, caste certificate (if applicable), and recent passport-size photographs

1. Prepare Covering Letter: Write a detailed covering letter highlighting your relevant experience, achievements, and suitability for the CFO position

1. Application Fee Payment: Pay the application fee through Demand Draft drawn in favour of 'HUDCO Limited' payable at New Delhi (or as specified in notification)

1. Send Application: Send the complete application along with all documents and DD in an envelope superscribed 'Application for the post of Chief Financial Officer' to the address mentioned in the official notification

1. Maintain Acknowledgment: Keep a copy of the complete application and proof of dispatch for future reference

Application Fee (Typical / Indicative)

GST and other charges as applicable. Fee is non-refundable.

Selection Procedure

1. Preliminary Screening: Applications will be screened based on eligibility criteria including educational qualifications, experience, and documentation. Only eligible candidates will be shortlisted for further selection process.

1. Shortlisting of Candidates: Based on qualifications and experience, a limited number of candidates will be shortlisted. The shortlisting criteria may include minimum years of relevant experience, level of responsibility held, and sector-specific expertise.

1. Personal Interview: Shortlisted candidates will be called for personal interview before a Selection Committee comprising senior officials and board members. The interview will assess technical knowledge, leadership skills, strategic thinking, communication abilities, and overall suitability for the CFO role.

1. Presentation/Case Study: Candidates may be required to make a presentation on specific topics related to financial management, strategic initiatives, or case studies relevant to housing finance and urban development sector.

1. Document Verification: Selected candidates will undergo thorough document verification where original certificates of educational qualifications, experience, age, caste, and other relevant documents will be verified.

1. Medical Examination: Finally selected candidate will have to undergo medical examination to ensure fitness for the position as per organization's medical standards.

1. Background Verification: Complete background and reference checks will be conducted before final appointment offer is made.

1. Final Selection and Appointment: Based on overall performance in interview, presentation, and verification processes, the final selection will be made and appointment letter will be issued.

Selection Pattern

Note: For Chief Financial Officer position, there is typically no written examination. Selection is based on Interview/Personal Interaction only.

Interview Assessment Pattern

Interview Marking: Total marks typically range from 100-200 marks. Minimum qualifying marks usually 50-60% for General category and 40-50% for reserved categories.

No Negative Marking: Not applicable as there is no written examination for this executive level position.

Interview Topics and Assessment Areas

Financial Management & Accounting

• Advanced financial accounting principles and standards (Ind AS, IFRS)
• Financial statement analysis and interpretation
• Consolidation of financial statements
• Revenue recognition and measurement principles
• Cost accounting and management accounting
• Budgeting, forecasting, and variance analysis
• Internal financial controls and audit

Treasury and Risk Management

• Treasury operations and cash management
• Investment management and portfolio optimization
• Asset-liability management (ALM)
• Interest rate risk and forex risk management
• Hedging strategies and derivatives
• Liquidity risk management
• Credit risk assessment and mitigation

Regulatory and Compliance

• Companies Act 2013 and related rules
• SEBI regulations and listing requirements
• RBI guidelines for NBFCs and HFCs
• NHB (National Housing Bank) regulations
• Income Tax Act and GST provisions
• Prevention of Money Laundering Act (PMLA)
• Corporate governance and board reporting

Strategic Financial Planning

• Business strategy and financial planning alignment
• Capital structure optimization
• Merger, acquisition, and restructuring strategies
• Fund raising strategies (debt and equity)
• Project finance and infrastructure financing
• Financial modeling and valuation techniques
• Economic analysis and market trends

Banking and Housing Finance Sector

• Housing finance industry structure and trends
• PSU banking operations and challenges
• Urban infrastructure financing
• Government housing schemes and policies
• Non-performing assets (NPA) management
• Affordable housing finance models
• Digital transformation in financial services

Leadership and Management

• Team management and organizational development
• Change management and transformation initiatives
• Stakeholder management (board, investors, regulators)
• Crisis management and business continuity
• Technology adoption in finance functions
• ESG (Environmental, Social, Governance) reporting
• Current affairs related to economy and finance sector

Salary and Benefits (Typical / Indicative for CFO Position in PSU)

Additional Benefits

• Medical reimbursement for self and family
• Leave Travel Concession (LTC)
• Group insurance coverage
• Provident Fund, Gratuity, and Pension benefits
• Club membership and other executive perquisites
• Professional development and training opportunities
• Telephone and internet reimbursement

Actual salary depends on organization's pay structure, candidate's experience, and negotiation. Benefits as per company rules.

As Chief Financial Officer at HUDCO, this position represents the apex of the finance function with direct reporting to the Managing Director and Board of Directors. Career progression includes potential elevation to the Board of Directors as Executive Director (Finance) or consideration for Managing Director positions in other PSUs and financial institutions. The role provides excellent exposure to policy-making, regulatory interactions, and strategic decision-making at the highest organizational level, opening opportunities for board memberships, advisory roles, and senior positions in government committees and financial sector organizations.

Since this is a direct recruitment for Chief Financial Officer position through offline application and interview process, there is no formal admit card issued. Shortlisted candidates will receive interview call letters via registered email and postal mail approximately 2-3 weeks before the scheduled interview date. The interview call letter will contain details of interview date, time, venue, list of documents to be carried, and reporting instructions. Candidates are advised to regularly check their registered email and the official HUDCO website for updates on shortlisting and interview schedules.

The final selection result for the CFO position will be declared after completion of all interview rounds, document verification, and approval by the competent authority, typically within 4-6 weeks of the interview. Results will be communicated individually to the selected candidate through official email and letter, followed by publication on the HUDCO website. Given the sensitive nature of this executive appointment, results are usually not published publicly with marks or rankings. The selected candidate will receive an appointment letter with joining details, terms and conditions of employment, and related documentation.

For executive positions like Chief Financial Officer, there is no predetermined cutoff marks or scores since selection is primarily based on qualifications, experience, and interview performance assessed holistically. The Selection Committee evaluates candidates based on overall suitability, leadership potential, technical expertise, and cultural fit rather than numerical cutoffs. Typically, candidates need to score minimum 50-60% marks in the interview to be considered for selection, but the final decision depends on comparative assessment of all interviewed candidates and the committee's recommendation to the board.

Interview Locations

Since this is an All-India recruitment for a senior executive position, interviews are typically conducted at:

Primary Interview Centre: New Delhi (HUDCO Corporate Office, India Habitat Centre premises or HUDCO Bhawan)

Possible Alternative Centres (if announced):

• North: Delhi, Chandigarh
• West: Mumbai
• South: Bengaluru, Hyderabad
• East: Kolkata

Candidates will be informed about the exact interview venue in their interview call letter. Generally, for CFO-level positions, interviews are conducted only at the Head Office in New Delhi.