MAHAGENCO Finance & Accounts Officer Recruitment 2026

Why This Job Stands Out

Earn up to Rs. 2,56,755 per month -- Maharashtra State Power Generation Company Limited (MAHAGENCO) is hiring finance professionals across 5 grades. This is a rare lateral entry opportunity for CA, ICWA, and MBA Finance holders to join one of Maharashtra's largest power sector PSUs with permanent government benefits.

Available Posts

Key Highlights

• Lateral entry for experienced finance professionals -- 1 to 10 years experience needed
• Sr. Manager has the most vacancies (9 posts) -- best chance for mid-career CA/ICWA holders
• Dy. Manager is the only post open to Inter CA/ICWA and MBA Finance/M.Com candidates
• Maharashtra Domicile Certificate is mandatory for all candidates
• Marathi language knowledge needed -- can be acquired within 3 years of joining if not already known
• 30% horizontal reservation for women across all posts

Selection Process

The selection process differs by grade. For senior posts (General Manager, AGM, Sr. Manager), you will go through an Assessment Centre Test covering in-basket exercises, group discussion, case discussion, and presentation skills, followed by a personal interview. For Manager and Dy. Manager posts, there is an online written exam first, then document verification, and finally a personal interview. Open category candidates need at least 30% marks; reserved category candidates need at least 20%.

Preparation Tips for MAHAGENCO Manager & Dy. Manager Exam

• Focus on core accounting standards, cost accounting, and financial management concepts
• Revise taxation laws (direct and indirect) and auditing standards thoroughly
• Practice previous year question papers from similar PSU finance recruitment exams
• Brush up on company law and corporate governance topics
• Take at least 5 mock tests to improve your speed and accuracy

Documents You'll Need

Key documents to keep ready:

• Maharashtra Domicile Certificate
• CA/ICWA/MBA Finance degree and marksheets
• Marathi language proficiency certificate (SSC certificate with Marathi or equivalent)
• Experience certificates with year-wise salary details (Form-16 or employer salary certificate)
• NOC from current employer (if working in Govt./Semi-Govt.)

See the complete document list in the section below.

Frequently Asked Questions

Q. What is the last date to apply for MAHAGENCO Finance & Accounts Recruitment 2026?

A. The last date to apply online is 20 March 2026. For senior posts (GM, AGM, Sr. Manager), you also need to send a hard copy of your application by post before this date.

Q. What is the salary of MAHAGENCO Finance & Accounts posts?

A. The salary ranges from Rs. 54,505 per month (Dy. Manager) to Rs. 2,56,755 per month (General Manager), depending on the post and pay scale.

Q. Can MBA Finance candidates apply for MAHAGENCO Finance Recruitment 2026?

A. Yes, but only for the Dy. Manager (F&A) post. MBA Finance and M.Com holders with 3 years of experience can apply. All other posts need CA or ICWA qualification.

Q. Is there a written exam for all MAHAGENCO Finance posts?

A. No. Only Manager and Dy. Manager posts have an online written exam. Senior posts (GM, AGM, Sr. Manager) are selected through Assessment Centre Test and interview.

• Manage financial planning, budgeting, and forecasting for power generation projects
• Handle statutory audits, internal audits, and compliance with accounting standards
• Prepare and review financial statements, balance sheets, and annual reports
• Oversee taxation matters including GST, income tax, and other statutory filings
• Monitor fund management, cash flow, and banking operations
• Ensure compliance with SEBI, Companies Act, and other regulatory requirements
• Coordinate with CAG and government auditors during audits