Designation

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

Responsibilities

• 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.

Pay Structure

•       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.

Work Responsibilities

• 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.

Promotional Hierarchy

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.