Job Profile OFS

OFS officers typically begin their careers as Assistant Treasury Officers or Financial Advisors in various departments.

Budgeting and Financial Planning : Assisting in the preparation and management of budgets for government departments and overseeing budget allocations.
Revenue Collection and Auditing : Overseeing revenue collection processes and conducting audits to ensure transparency in financial transactions.
Financial Oversight : Monitoring government expenditures, maintaining fiscal discipline, and managing fund allocations.
Policy Implementation : Supporting the implementation of financial policies and reforms related to taxation, expenditure management, and public finance.
Treasury and Accounts Management : Managing state treasuries and ensuring compliance with financial regulations and standards.

Starting Salary : The starting salary for an OFS officer is in Pay Level 12 under the 7th Pay Commission, with a basic salary of approximately ₹56,100 per month, exclusive of allowances.
Allowances : Officers are eligible for additional allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), and Travel Allowance (TA), which vary based on the posting.
Other Benefits : OFS officers receive benefits such as medical facilities, official accommodations, and retirement benefits like pension schemes.

Budget Management : Preparing and managing departmental budgets and overseeing fund allocations to ensure effective utilization of resources.
Revenue and Expenditure Control : Monitoring revenue collection and expenditure to maintain fiscal discipline across departments.
Audits and Financial Compliance : Conducting regular audits to ensure that financial transactions adhere to government rules and regulations.
Policy Formulation and Implementation : Contributing to policy decisions related to public finance, tax policies, and economic reform.
 Coordination with Other Departments : Collaborating with various state departments to ensure efficient implementation of financial policies and regulations.

The Odisha Finance Service offers a structured promotional pathway, allowing for career advancement based on experience, performance, and seniority:

Assistant Treasury Officer / Financial Advisor : Entry level position responsible for basic financial management duties in state treasuries or advising departments on financial matters.
Treasury Officer / Senior Financial Advisor : Promotion typically occurs after 5 7 years, with broader responsibilities over multiple treasuries or departments.
Deputy Director of Finance / Joint Director of Finance : After about 10 12 years, officers may be promoted to oversee financial administration across several districts or divisions.
Additional Director of Finance : Senior position involving policy formulation and strategic financial management at the state level.
Director of Finance : The highest position in the Odisha Finance Service, responsible for overseeing the entire financial administration of the state.