Accounts Payable Associate

We will count on you to:

• 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
• 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 you need to have:

• Any relevant Accounting degree
• 2-3 years of experience in accounting
• Prior experience in working in similar roles
• Excellent verbal and written communication skills.
• Strong attention to detail.
• Ability to show initiative and contribute to a continuous improvement environment.
• Proficiency in MS Office, including advanced Excel and PowerPoint.
• Active team player with the ability to work across geographies.
• Openness to new challenges and willingness to undertake additional responsibilities.

What makes you stand out:

• Prior working experience in Insurance Sector
• Prior experience in Accounts Payable
• Insurance certification from The Institutes, USA
• Post-Graduation/Certificate Courses in Insurance
• Any prior experience in any insurance process

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact on colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being