About this role
Summary: Reporting to the Group Head of Billing & Collections the Billing Manager will be an integral part of the team’s success. This role offers a unique opportunity to work closely with the Manco team, Operations and Group Finance.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Billing Calculation
- Manage client Net Asset Value (“NAV”)/ Assets Under Management (“AUM”) data for reporting, analysis, and billing calculations.
- Perform reconciliations and resolve discrepancies in client AUM/NAV data.
- Prepare billing calculations and associated revenue tasks for the Management Company
- Assist the smooth coordination of Ancillary revenue information
- Provide the required ManCo fee calculation outputs to Billing colleagues to facilitate the generation of client invoices
- Collaborate with internal teams, such as Business Development, Relationship Management, Onboarding, Local Finance Teams and the Legal Department to ensure a smooth end to end billing process
- Address client-specific queries related to Manco fee calculations and collaborate with Billing colleagues to support the resolution of billing discrepancies and/or customer disputes.
Reconciliations & Controls
- Ensure that the correct Policies and Procedures have been followed within the prescribed controls in preparing billing calculations.
- Follow the prescribed requirements for coding/ preparing invoices in the Financial ERP system.
- Maintain accurate records of billing calculations and support internal audits.
Reporting & Analysis
- Support the Global Billing & Collections Team on related matters
- Liaise effectively and proactively with Group Finance, Director of RFS Revenue, Financial Controllers and Financial Planning & Analysis
- Participate in the annual audit process including providing timely responses to queries as required.
Collaboration & Partnering
- Collaborate with colleagues across the Waystone Group, ensuring effective collaboration communication and development of solutions, including contributing to Group Projects
- Assist in Group Billing & Collections continuous improvements, including enhancing the Billing calculation Policies & Procedures and technology system improvements.
REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Experience:
- 3 to 6+ years in a financial reporting, fund accounting or fund administration role.
- Experience working in a Fund Administrator, Asset Manager or Big Four firm with exposure to fund structures.
- Strong knowledge of NAV and AUM calculations.
- Exposure to revenue recognition and fee calculations, ideally within a Manco, Asset Management or Fund Services setting.
- Sage Intacct and Salesforce experience is preferable but not necessary.
- Strong analytical and problem-solving abilities.
- Ability to manage multiple priorities and work under deadlines.
Education:
- A professional accounting qualification is preferred.