Specialist-Finance & Accounting

Company: MMC Corporate

Description:

Order to cash

MMC is seeking candidates for the following position based in the [MUMBAI, INDIA] office:

[Analyst]

What can you expect?

• Review the payment requisition report and highlight entries which need Accounting Ops Manager to review manually
• Ensure appropriate Business approvals & supporting information have been attached in case of sanction check scenario
• Review urgent payment request 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 or are being offset against due payable or will result in Marsh funding
• Send payment request for authorization once all required information has been obtained and relevant checks have been completed for requests which required manual review
• Review payment authorization request and approve or reject the request in 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 exception (For e.g. 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 & cash matching technician has not been assigned and identify the appropriate ledger code / cash matching technician
• Mark entry as unidentified and post in unidentified cash ledger account where ledger code & cash matching technician remains unassigned
• Post cash in the respective ledgers for identified and assigned accounts

What is in it for you?

Discover whats great about working at Marsh and McLennan Companies - from the opportunities that our size brings, to our commitment to our communities and understanding the benefits you ll receive. We are four businesses with one PURPOSE: helping companies meet the challenges of our time. As a global leader in insurance broking and risk management, we are devoted to finding diverse individuals who are committed to the success of our clients and our organisation. Joining us will provide a solid foundation for you to accelerate your career in the risk and insurance industry. You will join a team of talented professionals from across the globe which is dedicated to helping clients manage some of the worlds most challenging and complex risks. We can promise you extraordinary challenges, extraordinary colleagues, and the opportunity to make a difference. Our rich history has created a client service culture that we believe is second to none. Our commitments to Diversity and Inclusion , Corporate Social Responsibility , and sustainability demonstrate our commitment to stand for what is right.

As a Marsh and McLennan Company colleague, you will also receive additional benefits such as:

• A competitive salary
• Employee friendly policies
• Health care and insurance for you and your dependants
• Healthy Work life balance
• A great working environment
• Flexible benefits packages to suit your needs and lifestyle

• Future career opportunities across a global organisation

Preview to our current base policies:

• Maternity benefits : Sum insured for normal delivery is INR 65,000 and C-section is INR 75,000.
• Mental health on IPD (up to full sum insured) and OPD (up to 40,000) to cover Psychiatric and related treatments
• Home care and treatment up to INR15,000 (COVID related) covered per member
• Hotel quarantine up to INR 50,000 (COVID related) covered per member
• Make shift or temporary hospital treatment up to INR15,000 (COVID related) covered per member
• Enhanced colleague experience through Benefitme portal (one stop self-service for enrollment & tracking of claims)

Voluntary top up:

• Sum Insured options: 2 Lacs, 3 Lacs and 5 Lacs
• All benefits same as base except for Mental illness on OPD basis
• Although completely voluntary, colleagues would be encouraged to enroll considering dependents age & pre-existing health conditions
• Corporate buffer would be made available on exception basis only, provided colleagues have taken a top up plan
• 6 months instalment option through payroll
• New Joiners would be able to opt for Top-up upon joining within a 30 day window

We will count on you to:

• Take end to end responsibility of delivery
• Take on additional activities within the existing bandwidth.
• Extended hours during month end might be required
• Meet the TAT and accuracy consistently

What you need to have:

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

What makes you stand out?

• Prior working experience in Insurance Sector

BUSINESS GROUP STATEMENT

Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.marsh.com for more information and follow us on LinkedIn and Twitter @MarshGlobal