LIC HFL Assistant Manager LIC HFL Assistant Manager Exam

LIC HFL Assistant Manager: A Leadership Role in Housing Finance

The LIC Housing Finance Limited (LIC HFL) Assistant Manager exam is a gateway to a managerial career in one of India's leading housing finance institutions. This role is designed for dynamic individuals ready to take on responsibilities in areas like business development, credit appraisal, and client relationship management. As an Assistant Manager, you will be a key part of the decision-making process, contributing directly to the company's growth. The position offers a challenging work environment, an attractive salary package, and significant opportunities for career advancement, making it a prime choice for ambitious professionals aiming for a leadership role in the financial sector.

Salary, Job Profile, and Career Path for LIC HFL Assistant Manager

The role of an Assistant Manager at LIC HFL is both financially rewarding and professionally fulfilling.

Attractive Remuneration: The starting basic pay for an Assistant Manager is ₹53,620 per month on the scale of 53620-2770(14)-92400-2880(3)-101040. The total initial emoluments per month are approximately ₹90,000. In addition to the salary, Assistant Managers are entitled to a wide range of benefits, including:

• Provident Fund (PF) and Gratuity
• Leave Travel Concession (LTC)
• Group Medical Insurance
• Performance-Linked Incentives

Job Profile: The responsibilities of an Assistant Manager include sourcing new business, evaluating loan proposals, managing the loan portfolio, ensuring compliance with regulations, and leading a team of assistants to achieve business targets.

Career Progression: LIC HFL provides a fast-track career path for high-performing individuals. An Assistant Manager can be promoted to higher managerial positions based on their performance and experience. The typical career ladder includes:

1. Manager
2. Senior Manager
3. Area Manager and higher leadership roles.

LIC HFL Assistant Manager Selection Process & Eligibility

The selection for the post of Assistant Manager at LIC HFL involves an online examination followed by an interview.

• Online Examination: A computer-based test comprising 200 objective-type questions. The exam assesses candidates on English Language, Logical Reasoning, General Awareness, and Quantitative Aptitude (with a focus on Data Interpretation and Analysis).
• Interview: Candidates who achieve a sufficiently high score in the online examination are shortlisted for a personal interview. The final merit list is prepared based on the combined scores of the online test and the interview.

Key Eligibility Criteria

• Nationality: Must be an Indian citizen.
• Education: A Bachelor's Degree with a minimum of 60% marks and a two-year full-time MBA/MMS/PGDBA/PGDBM/PGPM/PGDM in any discipline from a recognized university or institute.
• Age Limit: The age limit is typically between 21 and 28 years, with relaxations for reserved categories.

How to Apply for the LIC HFL Assistant Manager Exam

The application for the LIC HFL Assistant Manager position is submitted online through the company's official portal.

1. Visit the Official Website: Go to the LIC Housing Finance website at www.lichousing.com and navigate to the "Careers" page.
2. Find the Recruitment Link: Look for the advertisement for "Recruitment of Assistant Managers" and click on the link to apply online.
3. Register Yourself: Complete the registration process by providing your name, mobile number, and email ID to get a provisional registration number and password.
4. Fill the Application Form: Log in and fill out the detailed application form with your personal, educational, and work experience details.
5. Upload Required Documents: Scan and upload your recent photograph and signature in the prescribed format and size.
6. Pay the Application Fee: Make the payment of the application fee online via the provided payment gateway.
7. Final Submission: Before submitting, verify all the information provided. After submission, download and keep a copy of the application form and payment receipt for future reference.