Analyst - Accounting Operations

Overview

Join Marsh's Account Payables team as an Analyst in Accounting Operations, based in Pune, handling payment requisitions, cash receipting and ledger assignment.

What you'll do

• Review the payment requisition report and highlight entries which need Accounting Ops Manager to review manually.
• Ensure appropriate Business approvals and supporting information have been attached in case of sanction check scenario.
• Review urgent payment requests and corresponding details.
• Conduct additional checks for third party payment requests and take appropriate actions as per Controllership / Compliance guidelines.
• Review details and ensure appropriate approvals and information have been shared for payments made before settlement due date, offset against due payable, or resulting in Marsh funding.
• Send payment requests for authorization once all required information has been obtained and relevant checks completed for requests which required manual review.
• Receive payment confirmation details including transaction reference details and store the report in DMS.
• Send settlement advice details to the trading partner and store a copy in DMS.
• Perform checks to ensure the statement is unique (has not been processed previously) and identify entries to be excluded from the report for processing, with reasons.
• Review entries excluded for processing and take appropriate actions to resolve exceptions (for example, requesting Treasury to liaise with banking partners if required).
• Review each individual cash entry and create credit advice (cash receipting voucher).
• Identify and assign the account ledger and the respective AO Staff Accountant for cash matching of each entry.
• Review scenarios where ledger account code and cash matching technician have not been assigned and identify the appropriate ledger code or cash matching technician.
• Mark entries as unidentified and post in the unidentified cash ledger account where ledger code and cash matching technician remain unassigned.
• Post cash in the respective ledgers for identified and assigned accounts.

What you'll need

• Any relevant Accounting degree.
• 2-3 years of experience in accounting.
• Prior experience in working in similar roles.
• Excellent verbal and written communication skills.
• Strong attention to detail.
• Ability to show initiative and contribute to a continuous improvement environment.
• Proficiency in MS Office, including advanced Excel and PowerPoint.
• Active team player with the ability to work across geographies.
• Openness to new challenges and willingness to undertake additional responsibilities.

Nice to have

• Prior working experience in the insurance sector.
• Prior experience in Accounts Payable.
• Insurance certification from The Institutes, USA.
• Post-graduation or certificate courses in insurance.
• Any prior experience in any insurance process.

Details

• Location: Pune.
• Hybrid role: working at least three days a week in the office.
• Applicants should be willing to work 12:00pm-9:00pm and 1:00pm-10:00pm shift timings.