Priyanka Rao
Mumbai
Summary
Fiduciary administers cash accounting and collection services for business transactions with reinsurance clients and markets, ensuring timely receipt and settlement of payable balances, keeping internal records and reconciling transactions. A Fiduciary Assistant II plays an important role in day-to-day administrative support.
Overview
7
7
years of professional experience
8071
8071
years of post-secondary education
Work History
Specialist (Fiduciary - Account Settlement)
Marsh McLennan Global Services India Private Limited
11.2022 - Current
- Interactions with the markets regularly to secure the collection of outstanding fiduciary balances, cash processing, and fiduciary targets, including the use of Key Performance Indicators (KPIs) to facilitate reporting from the CSS Dashboard and other system tools.
- Handled accounts payable: processed claims and return premiums, validated banking details, and ensured timely payments.
- Working alongside the Market Fiduciary and/or Excess of Loss Client team associates (US) to assist, as required, with the collection of funds. Meets with client teams at regular intervals and assigns balances.
- Authorized payments, managed internal processes, and led team training and mentoring for new hires.
- Ensured that all time-bound activities are addressed within defined parameters; this includes, but is not limited to, following up with markets for payment and properly coding outstanding balances to increase efficiency.
- Reconciliation: performed intercompany reconciliations, client/underwriter accounts reconciliations, payment, and SDD discrepancies, if any.
- Built relationships with brokers, clients, and markets to understand issues, resolve problems and queries, and review working practices.
- Process vendor invoices (PO and non-PO) accurately on time, ensuring proper coding, approval, and documentation.
Finance Officer- UK PFA
Atos Syntel
04.2021 - 09.2022
- Responsible for fund set up, closure and amendments, trade monitoring and broker set up, first day pricing and missing price report.
- Pricing new securities and updating of FX rates.
- Ensuring compliance to quality regulations and maintain effective relationships with onshore teams.
- Updating of rates, market Identifiers and factors variance and staling prices.
- Knowledge of NAV, trading, trade life cycle, mutual Funds, shares, capital Market, balance sheet, accounts payable & accounts receivable, reconciliation of cash/securities, cash processing derivatives, dividends and accounting.
Accounts payable & Receivable
Creapil Apparels
01.2019 - 01.2021
- Managed invoice processing, payments & collection to/from clients to ensure timely and accurate financial transactions.
- Reconciled each month's payable reports to ensure that all the settlements are accurate.
- Monitored all the outstanding payable & receivable and timely followed up with the clients.
- Implement effective monitoring and make sure that the vendor payment are made in the specified timeline.
Education
M.com - Accounting & finance
Mumbai University
03-2021
B.com - Accounting and Finance
Mumbai University
03-2019
HSC -
State Board of Maharashtra
03-2016
SSC -
State Board of Maharashtra
03-2014
Skills
- In-depth accounting expertise
- Detail-oriented accuracy
- Effective prioritization skills
Accomplishments
- Awarded "Employee of the Month" by Atos Syntel in January 2021 for outstanding performance and dedication in portfolio management.
- Recognized by Marsh McLennan in July 2024 for consistently meeting all deadlines and maintaining up-to-date task completion.
- Received the "Excellence in Action Award" in May 2025 for successfully managing the most complex location with a high volume of entries and excelling in various key performance indicators (KPIs).
Interests
Travelling, Reading, Minimalist cookery, Painting & various form of art works, Learning foreign language
Timeline
Specialist (Fiduciary - Account Settlement)
Marsh McLennan Global Services India Private Limited
11.2022 - Current
Finance Officer- UK PFA
Atos Syntel
04.2021 - 09.2022
Accounts payable & Receivable
Creapil Apparels
01.2019 - 01.2021
M.com - Accounting & finance
Mumbai University
B.com - Accounting and Finance
Mumbai University
HSC -
State Board of Maharashtra
SSC -
State Board of Maharashtra
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