diff --git a/charts/castai-hosted-model/Chart.yaml b/charts/castai-hosted-model/Chart.yaml
index 9d3cacc7..d086c010 100644
--- a/charts/castai-hosted-model/Chart.yaml
+++ b/charts/castai-hosted-model/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: castai-hosted-model
 description: CAST AI hosted model deployment chart.
 type: application
-version: 0.0.7
+version: 0.0.8
 appVersion: "v0.0.1"
 dependencies:
   - name: ollama
diff --git a/charts/castai-hosted-model/README.md b/charts/castai-hosted-model/README.md
index 8d6964c2..eaa8fd7a 100644
--- a/charts/castai-hosted-model/README.md
+++ b/charts/castai-hosted-model/README.md
@@ -13,5 +13,11 @@ CAST AI hosted model deployment chart.
 
 | Key | Type | Default | Description |
 |-----|------|---------|-------------|
-| ollama.enabled | bool | `true` |  |
-| vllm.enabled | bool | `false` |  |
\ No newline at end of file
+| ollama.enabled | bool | `true` | Specifies if Ollama model should be deployed |
+| placementJob.enabled | bool | `false` | Specifies if a node placement job should be deployed |
+| placementJob.image.pullPolicy | string | `"IfNotPresent"` | Image pull policy |
+| placementJob.image.repository | string | `"busybox"` | The image to use for the job |
+| placementJob.image.tag | string | `"1.37.0"` | The image tag |
+| placementJob.requiredGPUTotalMemoryMiB | string | `nil` | Total GPU memory MiB (GPU count * GPU memory MiB) of the node that should be provisioned for this job |
+| placementJob.resources | object | `{}` | Resources for the job |
+| vllm.enabled | bool | `false` | Specifies if vLLM model should be deployed |
\ No newline at end of file
diff --git a/charts/castai-hosted-model/templates/placement-job.yaml b/charts/castai-hosted-model/templates/placement-job.yaml
new file mode 100644
index 00000000..4b2d7d11
--- /dev/null
+++ b/charts/castai-hosted-model/templates/placement-job.yaml
@@ -0,0 +1,55 @@
+{{- if .Values.placementJob.enabled }}
+{{- $nodeTemplateName := required "placementJob.nodeTemplateName is required" .Values.placementJob.nodeTemplateName }}
+apiVersion: batch/v1
+kind: Job
+metadata:
+  name: {{ .Release.Name }}-placement-job
+  labels:
+    app.kubernetes.io/name: {{ .Chart.Name }}
+    app.kubernetes.io/instance: {{ .Release.Name }}
+    app.kubernetes.io/component: placement-job
+spec:
+  backoffLimit: 0
+  template:
+    metadata:
+      labels:
+        app.kubernetes.io/name: {{ .Chart.Name }}
+        app.kubernetes.io/instance: {{ .Release.Name }}
+        app.kubernetes.io/component: placement-job
+    spec:
+      restartPolicy: Never
+      affinity:
+        nodeAffinity:
+          requiredDuringSchedulingIgnoredDuringExecution:
+            nodeSelectorTerms:
+              - matchExpressions:
+                  - key: nvidia.com/gpu.total-memory
+                    operator: Gt
+                    values:
+                      - "{{ required "placementJob.requiredGPUTotalMemoryMiB is required" .Values.placementJob.requiredGPUTotalMemoryMiB }}"
+          preferredDuringSchedulingIgnoredDuringExecution:
+            - weight: 1
+              preference:
+                matchExpressions:
+                  - key: scheduling.cast.ai/spot
+                    operator: Exists
+      containers:
+        - name: placement-job
+          image: "{{ .Values.placementJob.image.repository }}:{{ .Values.placementJob.image.tag }}"
+          imagePullPolicy: {{ .Values.placementJob.image.pullPolicy | quote }}
+          command: ["/bin/sh", "-c", "echo Node placement job finished."]
+          resources:
+            {{- toYaml .Values.routerResources | nindent 12 }}
+      nodeSelector:
+        scheduling.cast.ai/node-template: "{{ $nodeTemplateName }}"
+      tolerations:
+        - key: scheduling.cast.ai/node-template
+          value: "{{ $nodeTemplateName }}"
+          operator: Equal
+          effect: NoSchedule
+        - key: scheduling.cast.ai/spot
+          operator: Exists
+        - key: nvidia.com/gpu
+          effect: NoSchedule
+          operator: Exists
+{{- end }}
\ No newline at end of file
diff --git a/charts/castai-hosted-model/values.yaml b/charts/castai-hosted-model/values.yaml
index 5ea442c4..b9aafcfd 100644
--- a/charts/castai-hosted-model/values.yaml
+++ b/charts/castai-hosted-model/values.yaml
@@ -1,4 +1,23 @@
 ollama:
+  # -- Specifies if Ollama model should be deployed
   enabled: true
 vllm:
+  # -- Specifies if vLLM model should be deployed
   enabled: false
+placementJob:
+  # -- Specifies if a node placement job should be deployed
+  enabled: false
+
+  # -- Total GPU memory MiB (GPU count * GPU memory MiB) of the node that should be provisioned for this job
+  requiredGPUTotalMemoryMiB:
+
+  image:
+    # -- The image to use for the job
+    repository: busybox
+    # -- The image tag
+    tag: "1.37.0"
+    # -- Image pull policy
+    pullPolicy: IfNotPresent
+
+  # -- Resources for the job
+  resources: {}
\ No newline at end of file