Specialist - Finance & Accounting

Overview

Finance and accounting specialist handling payment requisition review, payment authorization, cash receipting and cash matching for Marsh McLennan.

What you'll do

• Review the payment requisition report and highlight entries that need manual review by the Accounting Ops Manager.
• Ensure appropriate business approvals and supporting information are attached in case of sanction check scenarios.
• 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 are shared for payments made before the settlement due date, offset against due payables, or resulting in Marsh funding.
• Send payment requests for authorization once required information is obtained and checks are completed for requests requiring 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 the report in DMS.
• Send settlement advice details to the trading partner and store a copy in DMS.
• Perform checks to ensure statements are unique (not previously processed) and identify entries to exclude from processing, with reasons.
• Review excluded entries and take appropriate actions to resolve exceptions, for example requesting Treasury to liaise with banking partners where 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 are not assigned, and identify the appropriate ledger code or cash matching technician.
• Mark entries as unidentified and post them to the unidentified cash ledger account where ledger code and cash matching technician remain unassigned.
• Post cash to the respective ledgers for identified and assigned accounts.
• Take end to end responsibility of delivery and take on additional activities within existing bandwidth.
• Meet 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.
• Hybrid work: all colleagues are expected to be in their local office or working onsite with clients at least three days per week.