Senior Accounting Specialist

4 weeks ago


Mumbai, Maharashtra, India Marsh McLennan Global Services India Private Limited (MMGS) Full time

Role Overview

Job Title: Senior Accounting Analyst

Location: Mumbai, India

Marsh McLennan Global Services India Private Limited (MMGS) seeks a skilled Senior Accounting Analyst to join our team. The successful candidate will be responsible for managing accounts payable processes, ensuring accurate and timely payments, and maintaining a high level of quality in our financial operations.

Key Responsibilities:

  1. Review payment requisition reports and highlight entries requiring manual review
  2. Ensure appropriate business approvals and supporting information are attached in sanction check scenarios
  3. Review urgent payment requests and corresponding details
  4. Conduct additional checks for third-party payment requests and take appropriate actions in accordance with Controllership/Compliance guidelines
  5. Review details and ensure appropriate approvals/information is shared for payments made before the settlement due date or are being offset against due payables or will result in Marsh funding
  6. Send payment requests for authorization once all required information is obtained and relevant checks are completed for requests requiring manual review
  7. Review payment authorization requests and approve or reject the request in the Fiduciary system

Additional Responsibilities:

  1. Receive payment confirmation details, including transaction reference details, and store the report in the Document Management System (DMS)
  2. Send settlement advice details to the trading partner and store a copy in the DMS
  3. 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
  4. Review entries excluded from processing and take appropriate actions to resolve exceptions (e.g., requesting Treasury to liaise with Banking partners if required)
  5. Review each individual cash entry and create a credit advice (cash receipting voucher)
  6. Identify and assign the account ledger and the respective AO Staff Accountant for cash matching of each entry
  7. Review scenarios where ledger account code and cash matching technician have not been assigned and identify the appropriate ledger code/cash matching technician
  8. Mark entry as unidentified and post in the unidentified cash ledger account where ledger code and cash matching technician remain unassigned
  9. Post cash in the respective ledgers for identified and assigned accounts

What We Offer:

  • A competitive salary
  • Employee-friendly policies
  • Healthcare and insurance for you and your dependents
  • A healthy work-life balance
  • A great working environment
  • Flexible benefits packages to suit your needs and lifestyle
  • Future career opportunities across a global organization

Requirements:

  • 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 the insurance sector


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