Specialist - Fiduciary

Overview

As a Specialist - Fiduciary, you will review and process payment requests, payment authorizations, settlement advice and cash entries while completing required accounting, approval and compliance checks.

What you'll do

• Review the payment requisition report and highlight entries requiring Accounting Ops Manager manual review.
• Ensure appropriate Business approvals and supporting information are attached for sanction check scenarios.
• Review urgent payment requests and corresponding details.
• Conduct additional checks for third party payment requests and take appropriate actions under Controllership / Compliance guidelines.
• Review details and ensure appropriate approvals and information are shared for payments made before the settlement due date, offset against amounts due payable, or resulting in Marsh funding.
• Send payment requests for authorization after required information is obtained and relevant checks are completed.
• Review payment authorization requests and approve or reject them in the Fiduciary system.
• 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.
• Check that statements are unique and identify entries to exclude from processing, with reasons.
• Review excluded entries and take appropriate action to resolve exceptions, including requesting Treasury to liaise with banking partners if required.
• Review each individual cash entry and create a credit advice (cash receipting voucher).
• Identify and assign the account ledger and respective AO Staff Accountant for cash matching of each entry.
• Review scenarios where the ledger account code and cash matching technician are unassigned and identify the appropriate ledger code and cash matching technician.
• Mark entries as unidentified and post them in the unidentified cash ledger account where the ledger code and cash matching technician remain unassigned.
• Post cash in the respective ledgers for identified and assigned accounts.
• Take end to end responsibility for delivery.
• Take on additional activities within the existing bandwidth.
• Meet the TAT and accuracy consistently.

What you'll need

• Any relevant Accounting degree.
• 1-2 years of experience in accounting.
• Prior experience working in similar roles.

Nice to have

• Prior working experience in the Insurance Sector.

Details

• Location: Pune - Business Bay.
• Extended hours during month end might be required.