Senior Analyst - O2C - Fiduciary

Marsh McLennan; Mumbai; On-site; INR 550,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Employee-friendly policies

Health care and insurance

Flexible benefits packages

Future career opportunities across a全球

Job summary

A leading insurance firm in Mumbai is seeking a Senior Analyst for O2C - Fiduciary roles. This position involves managing payment requisitions and ensuring compliance with internal guidelines. The ideal candidate will have an accounting degree and 1–2 years of experience in fiduciary roles. The company promotes diversity, offers competitive pay, and provides comprehensive healthcare benefits.

Qualifications

• 1–2 years of accounting experience.
• Experience in similar O2C/Fiduciary roles preferred.
• Experience in O2C/Fiduciary roles preferred.

Responsibilities

• Review payment requisition report for manual review.
• Conduct additional checks for payment requests as per guidelines.
• Post cash into ledgers for identified accounts.
• Conduct additional checks for third-party payment requests and act per Controllership / Compliance guidelines.
• Review details and ensure appropriate approvals/information are shared for payments before settlement due date.
• Send payment requests for authorization after obtaining required information and completing checks for manual review.
• Review payment authorization requests and approve or reject in the Fiduciary system.
• Receive payment confirmation details and store reports in DMS.
• Send settlement advice to trading partners and store copies in DMS.
• Identify ledger code/cash matching technician assignments; post unidentified cash entries to the unidentified cash ledger.

Skills

Accounting

Attention to detail

Compliance understanding

Education

Accounting degree or equivalent

Job description

Overview

Senior Analyst - O2C - Fiduciary role at Marsh McLennan based in Mumbai, India.

Responsibilities

• Review the payment requisition report and highlight entries for manual review by Accounting Ops Manager.
• Ensure appropriate business approvals and supporting information are attached in sanction check scenarios.
• Review urgent payment requests and corresponding details.
• Conduct additional checks for third-party payment requests and act per Controllership / Compliance guidelines.
• Review details and ensure appropriate approvals/information are shared for payments before settlement due date or offset against due payables or Marsh funding.
• Send payment requests for authorization after obtaining required information and completing checks for manual review.
• Review payment authorization requests and approve or reject in the Fiduciary system.
• Receive payment confirmation details and store reports in DMS.
• Send settlement advice to trading partners and store copies in DMS.
• Ensure statement uniqueness and identify entries to be excluded from processing with reasons; resolve exceptions as needed (e.g., liaising with Treasury and Banking partners).
• Review each cash entry, create credit advice (cash receipting voucher), and assign the account ledger and AO Staff Accountant for cash matching.
• Identify ledger code/cash matching technician assignments; post unidentified cash entries to the unidentified cash ledger.
• Post cash into ledgers for identified and assigned accounts.

What is in it for you?

Join Marsh and McLennan Companies to grow your career in risk and insurance. You will work with a global team delivering solutions to clients and managing complex risks. The firm emphasizes diversity, inclusion and sustainability, with opportunities across a global organization.

Benefits and policies

• Competitive salary
• Employee-friendly policies
• Health care and insurance for you and dependents
• Healthy work-life balance
• Flexible benefits packages
• Future career opportunities across a global organization

Base policies preview

• Maternity benefits: Normal delivery INR 65,000; C-section INR 75,000
• Mental health coverage (IPD up to full sum insured; OPD up to 40,000)
• Home care and treatment up to INR 15,000 (COVID related) per member
• Hotel quarantine up to INR 50,000 (COVID related) per member
• Temporary hospital treatment up to INR 15,000 (COVID related)
• Benefitme portal for enrollment and claims tracking

Voluntary top up

• Sum insured options: 2 Lacs, 3 Lacs, 5 Lacs
• Same benefits as base plan except mental illness covered only on OPD basis
• Encouraged enrollment for dependents’ age and pre-existing conditions
• Corporate buffer available on exception basis with top-up
• 6-month payroll instalments
• New joiners may opt for Top-up within 30 days of joining

Requirements

• Accounting degree or equivalent
• 1–2 years of accounting experience
• Experience in similar O2C/Fiduciary roles preferred

Desired

• Prior experience in the Insurance sector

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