Assistant Finance Manager at MG Group, Mumbai

  • 0 - 1 Years
  • Not Mentioned
  • mumbai
  • permanent
  • Chartered Accountant
  • Accountancy,Statutory Audit,Taxation
  • Job Description:

    TheAssistant Manager – Finance will play a vital role in improving and maintaining the financial standing of the Group Companies. The Ideal candidate will assist in determining the financial strategy and policy, arranging the appropriate funding and managing the financial risks in the organization.

    The Assistant Manager – Finance will assist in ensuring that the companies have the cash and liquidity to meet its obligations, will be involved in securing credit from banks and other sources.

    The Assistant Manager – Finance will also assist in Secretarial matters like Minutes of the Board Meetings, Drafting of relavant Board Resolutions etc .by coordinating with the External Company Secretaries.


    The Assistant Manager – Finance is responsible for:

    1. Assisting in ensuring that the cash flows are adequate to allow business units to operate effectively by monitoring the Accounts Payable, Accounts Receivables Ageing and Collection.
    2. Assist in maintaining banking relationships and negotiating loans and merchant services for business units.
    3. Assist in preparing and presenting financial reports for meetings and Board of Directors.
    4. Working with executives and business heads to prepare budgets and track profit/loss performance by business units.
    5. Liaising with other departments and business units on a range of issues.
    6. Assist in providing advice on financial matters impacting on the Group as a whole.
    7. Assist in recommending and maintaining a system of policies and procedures that impose an adequate level of control over Finance Department activities.
    8. Coordinating with the External Company Secretaries for secretarial matters like maintaining the Minutes Book , Drafting of Resolutions , Filing of Various Forms with Ministry of Company Affairs(MCA) and maintenance of various statutory records.
    9. Analysis of Financial Statements for improvements in expense management, cost control, coordination for e-tendering and other bank related documents, coordination with various Entities and branches, cost analysis, , ratio analysis, ensuring and maintaining  internal controls, liaising with internal and external auditors, preparation of data for customer and supplier negotiations.
    10. Coordination with External Consultants for Taxation matters – direct and indirect
    11. Assist in MIS Review and periodic analysis for further actions.


Employer Profile :

  • MG Group, mumbai
  • MG Group is a conglomerate of auto, auto ancillary and other diversified companies. Established in the year 1980, MG Group was promoted by Mr. Mohan V. Kamat, Chairman, MG Group who made a foray into manufacturing of Bus Body Building activities in 1996 & aggregates for over two decades. The USD 90 Million Group is the largest privately owned Bus Building Company in India, crossing a major milestone of producing 100,000 buses since inception. The Group has a highly dedicated workforce including technocrats, engineers, design team, technical support staff and skilled workers. MG Group, operates from two strategic locations, MG Automotives Pvt. Ltd located at Zaheerabad, Telangana and MG Automotives (Bus & Coach) Pvt. Ltd, located at Belgaum, Karnataka. MG Group has traditionally been one of the leading high volume low-cost manufacturers for the Bus Building requirement of Indian OEMs such as Mahindra, Ashok Leyland, Tata Motors and Eicher. The group manufactures Staff Buses, School Buses, Executive Buses, Luxury Buses and Special Purpose applications like Ambulances, Delivery Vans, Defence/Army Vehicles and other Custom Designed Vehicles. The Group has a highly dedicated work force including technocrats, engineers, design team, technical support staff and skilled workers. Large investments in information technology, factory floor space, plant, equipment and people make it capable of meeting current and future requirements.