Specialist - Accounting Operations

Marsh; Maharashtra; On-site; INR 700,000 - 900,000; Full time

Benefits offered by this job

A competitive salary

Employee friendly policies

Health care and insurance for you and/

Job summary

Marsh in Pune, India is recruiting for an Order to cash role based in our Pune office. You will review payment requisition reports, ensure approvals and documentation, and process payments in alignment with Controllership and Compliance guidelines.

The role also involves coordinating with Treasury/Banking for exception handling, posting cash, and maintaining records in the DMS. This is a detailed, process-driven position requiring accuracy and timely processing.

Responsibilities

• Review the payment requisition report and highlight entries needing manual review by Accounting Ops Manager
• Ensure appropriate business approvals and supporting information are attached for sanction check scenarios
• Review urgent payment requests and related details
• Perform additional checks for third party payment requests per Controllership/Compliance guidelines
• Review payment details to confirm required approvals for settlements due or offsetting.
• Send payment requests for authorization after all required information and checks are completed
• Review payment authorization in Fiduciary system and approve or reject as applicable
• Receive payment confirmations, record transaction references, and store reports in DMS
• Send settlement advice to trading partners and keep a copy in DMS
• Check statements for uniqueness and exclude processed entries with reasons
• Resolve excluded entries by coordinating with Treasury/Banking partners as needed
• Create credit advice for each cash entry and assign ledger/cash matching technician
• Identify ledger codes and assign cash matching technicians where needed
• Mark entries as unidentified when no ledger code or technician is assigned
• Post cash to the appropriate ledgers for identified accounts

Job description

Order to cash

Marsh is seeking candidates for the following position based in the [PUNE, INDIA] office:

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 what's great about working at Marsh – 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 world's 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 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