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 manuallyEnsure appropriate Business approvals & supporting information have been attached in case of sanction check scenarioReview urgent payment request and corresponding detailsConduct additional checks for third party payment requests and take appropriate actions as per Controllership / Compliance guidelinesReview 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 fundingSend payment request for authorization once all required information has been obtained and relevant checks have been completed for requests which required manual reviewReview payment authorization request and approve or reject the request in Fiduciary systemReceive payment confirmation details including transaction reference details and store report in DMSSend settlement advice details to the trading partner and store copy in DMSPerform checks to ensure the statement is unique (has not been processed previously) and identify entries to be excluded from the report for processing with reasonsReview 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 entryReview scenarios where ledger account code & cash matching technician has not been assigned and identify the appropriate  ledger code / cash matching technicianMark entry as unidentified and post in unidentified cash ledger account where ledger code & cash matching technician remains unassignedPost cash in the respective ledgers for identified and assigned accounts

What is in it for you?

Discover what's 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 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 and McLennan Company colleague, you will also receive additional benefits such as:

A competitive salaryEmployee friendly policiesHealth care and insurance for you and your dependantsHealthy Work life balanceA great working environmentFlexible benefits packages to suit your needs and lifestyleFuture 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 treatmentsHome care and treatment up to INR15,000 (COVID related) covered per memberHotel quarantine up to INR 50,000 (COVID related) covered per memberMake shift or temporary hospital treatment up to INR15,000 (COVID related) covered per memberEnhanced 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 LacsAll benefits same as base except for Mental illness on OPD basisAlthough completely voluntary, colleagues would be encouraged to enroll considering dependents age & pre-existing health conditionsCorporate buffer would be made available on exception basis only, provided colleagues have taken a top up plan6 months instalment option through payrollNew 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 deliveryTake on additional activities within the existing bandwidth.Extended hours during month end might be requiredMeet the TAT and accuracy consistently

What you need to have: 

Any relevant Accounting degree1-2 years of experience in accountingPrior 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

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.