Specialist - Fiduciary

Overview

Order to cash role in the Fiduciary team, handling payment requisitions, settlement advice, and cash receipting and matching for Marsh's Pune office.

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 / information has been shared for payments being 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 have been completed for requests which required manual review
• Review payment authorization requests and approve or reject them in the Fiduciary system
• Receive payment confirmation details including transaction reference details and store report in DMS
• Send settlement advice details to the trading partner and store 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 has not been assigned and identify the appropriate ledger code / 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
• 1-2 years of experience in accounting
• Prior experience working in similar roles

Nice to have

• Prior working experience in the Insurance Sector

Details

• Based in the Pune, India office
• Hybrid work: all colleagues expected to be in their local office or working onsite with clients at least three days per week
• Extended hours during month end might be required
• Must meet TAT and accuracy consistently
• Take end-to-end responsibility of delivery and additional activities within the existing bandwidth