RECRUITMENT OF PROBATIONARY CLERKS INVESTMENT OFFICERS [ON CONTRACT]
Job Description:
Post Code-3: Investment Officers [on Contract]
a)Qualification:
A Graduate in any discipline, preferably with MBA, and having flair for marketing the Insurance, Mutual Fund and other products of the Bank.
Candidate should possess the following;
- Passion for Marketing
- Work independently and also with team
- Computer literacy
- Good communication skills
Preference will be given to those candidates who have prior experience in marketing / insurance business.
Since the job involves extensive travelling, candidates should have good physical fitness and ready to accept the challenges & meeting the targets.
b)Job Profile:
Marketing the Insurance, Mutual Fund and other products of the Bank. Responsible for end-to-end sales. Any other work assigned by the Bank from time to time.
c)Period of Contract:
Three [3] years with an option to extend for two years at the discretion of the Bank.
d)Compensation:
Fixed Pay: Rs.15000/- per month subject to achievement of minimum threshold premium of Rs.1 lakh per month i.e., Rs.12 lakhs per annum.
Basic: Rs.10,000/-
HRA: Rs.2,500/- [25% Basic]
Conveyance: Rs.1,500/- [15% Basic]
Medical Aid: Rs.1,000/- [10% Basic]
Variable Pay: Over and above the threshold limit, he/she will be entitled for variable pay and the variable pay is equivalent to 15% of the commission received by the Bank.
The contract appointees, who fail to achieve performance with a minimum target-premium of Rs.3.00 lakhs per quarter, consecutively for two quarters, beginning from the second quarter of their appointment shall cease to continue as contract appointees of the bank from the last day of the month from the end of the second quarter under review. However, if any candidate fails to achieve minimum threshold limit of Rs.3 lakhs in any quarter, Bank reserves right to break the contract.
e)Other Benefits:
Casual Leave – 10 days per calendar year
Annual Leave- 20 days in a calendar year
The Annual Leave can be encashed to the extent of 50% every year. Carry over of unavailed casual/annual leave shall not be permitted.
How to apply:
Application Fee: Rs.50/- through postage for SC/ST/PWD, Rs. 300 for others
1. The requisite application fee / postage must be paid by means of a crossed Demand Draft issued by any Scheduled Commercial Bank in favour of Canara Bank –Recruitment Project – 2009 payable at Mumbai.
2. Demand Draft should be dated between 31.12.2008 to 29.01.2009
3. Payment of application fee by Cash / Cheque / Money Orders / Postal Orders etc will not be accepted.
4. Candidates must note his/her name, date of birth, post name & post code on the reverse of the Demand Draft.
Register online in www.canarabank.com
