Kathmandu, October 26

The Ministry of Finance (MoF) today has called for applications from interested candidates for the post of the administrator of the Employees Provident Fund (EPF) and Rastriya Beema Sansthan (Life).

The Selection and Recommendation Committee led by MoF Revenue Secretary Shishir Kumar Dhungana will recommend three potential candidates for the administrators to the government in the two government-owned financial institutions through open competition.

Applicants have been asked to submit their applications along with business plan to take forward the organisations, as per the Selection and Recommendation Guidelines, published by the MoF.

The top posts of both government-owned financial institutions have been vacant since September.

The government will appoint administrators in both the financial institutions based on the recommendation of the Selection and Recommendation Committee led by Dhungana. The tenure of the administrator of EPF will be of five years, while the administrator of Rastriya Beema Sansthan will serve for three years.

Aspirants have been asked to submit their applications within the next 15 days. Candidates should have academic qualification of Masters Degree in any one of the disciplines, namely, economics, management, banking, finance, commerce or law and five years of work experience to be eligible for the post of administrator of EPF.

Likewise, he or she must be the contributor in the fund and working in banking, financial institution, company, firm, industry or government and non-government organisation or diplomatic missions or international organisations in Nepal, as per the notice published by MoF. The candidate must be in the age bracket of 30 to 60 years.

The candidates for the administrator of Rastriya Beema Sansthan should also have work experience of five years, academic qualification of Masters Degree in any discipline like insurance, management, finance, accounts, economics, commerce, law, statistics or engineering.

An applicant would be disqualified if he or she is unable to meet the required criteria set by the regulatory body of insurance sector — Insurance Board — according to MoF.