IRFC Head of Internal Audit (HIA) Engagement 2026

Indian Railway Finance Corporation Limited (IRFC), a Schedule 'A' Navratna Public Sector Undertaking under the Ministry of Railways, intends to engage a professional / expert with rich professional experience as Head of Internal Audit (HIA) for a period of 03 years. Advertisement No. 03/2026 dated 24.08.2026.

Position Details

Who Can Apply

• Officials working in / retired from (i) IDA: E-8 level or above (E8 Grade of CPSE – Rs. 1,20,000 – 2,80,000) in Government Banks/NBFCs/FIs/CPSEs (Finance/Audit area).
• (ii) CDA: Level 14 or above in Organised Group 'A' Accounts Services with minimum 22 years of service.
• Serving officials will require NOC through proper channel.

Experience & Qualification

Experience: Minimum 10 years of experience in Government Banks/NBFCs/FIs/CPSEs (Finance/Audit area) — or Level 14 of Organised Group 'A' Accounts Services with minimum 22 years of service.

Qualification: Chartered Accountant or Cost Accountant or full-time MBA/PGDM with specialization in Finance with good academic record — or Officer of Organised Group 'A' Accounts Services (Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service).

Age Limit (as on 30.09.2026)

• Maximum 62 years for other candidates.
• Maximum 57 years for serving officials.
• Serving officials who are to attain the age of superannuation up to 31st October 2026 may also apply.

Engagement & Remuneration

• Contractual engagement for 3 years for retired officials, or deputation for 3 years for serving officials.
• Remuneration offered based on qualification, experience, suitability and last drawn salary.
• Retired official re-engagement: total emoluments drawn together with pension shall not exceed the last pay drawn (Basic + DA).
• Candidate from CPSE: remuneration will be 50% of Last Basic Pay + DA.
• Deputationist: Salary, Perks & Allowance at par with deputationist of the same level as per IRFC's policy.

Other Facilities (Re-engagement): Transport = 10% of proposed emoluments; TA/DA for official travel as per entitlement of equivalent level in IRFC; Telephone up to Rs. 2,000/- per month.

Scope of Work

• Update the Risk Based Internal Audit Policy from time to time and place it before the ACB for approval.
• Develop an Internal Audit Plan covering the entire audit universe (all auditable units/departments/business processes/activities/operations).
• Conduct independent risk analysis to create a risk-based audit plan.
• Prepare internal audit reports based on analysis and evaluation, with recommendations/action plans.
• Define and implement a system to monitor compliance with audit observations; maintain risk register for overall control and compliance.
• Develop MIS for Board-level executives and the ACB; conduct root-cause analysis for key audit findings.

How to Apply

1. Application forms along with requisite enclosures must reach IRFC office on or before 18:00 Hrs of 30.09.2026.
2. Application must have latest passport-size photograph affixed and duly signed across; must be complete in all respects.
3. Applications received on email will not be accepted — submit only by post or directly to: INDIAN RAILWAY FINANCE CORPORATION LTD., UG Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Lodhi Road, Pragati Vihar, New Delhi – 110003.
4. Cut-off date for reckoning age and experience: 30.09.2026.
5. Enquiries: 011-24044306 / 011-24044312 (Mon–Fri, 10:30–18:00 Hrs); Recruitment_helpdesk@irfc.co.in.

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