Associate, Billing Operations-SpiderRock Advisors

BlackRock • Chicago, IL

8h • $95,000 - $127,500 • Hybrid

About The Position

We are seeking a highly disciplined, detail-oriented, and industrious Associate to join our SpiderRock Advisors Operations and Billing team. The successful candidate will support daily, monthly, quarterly, and annual billing processes across our Options Overlay Business, ensuring accuracy and efficiency in all tasks. This role requires strong analytical skills, excellent communication abilities, and a commitment to operational excellence. You will play a crucial role in enhancing our billing operations and contributing to the overall success of our team.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field with a keen interest in client service and operational excellence
• Proven ability to manage multiple priorities effectively and deliver high-quality results in a fast-paced environment
• Adaptable to tight deadlines and shifting priorities with ease, ensuring consistent performance and excellence
• Demonstrated emotional ownership, showing a commitment to taking responsibility for tasks and outcomes, and a dedication to client success and team collaboration
• Ability to work independently and as part of a team
• Intermediate to advanced level data analytic skills such as SQL and Excel, a strong interest in and capability for learning new applications and technical skills
• Excellent attention to detail, organizational, and time management skills
• Experience with Oracle or other financial systems is a plus
• Strong communication skills, both written and verbal

Nice To Haves

• Experience in billing or accounts receivable
• Knowledge of SMA (Separately Managed Accounts) operations
• Familiarity with financial data entry and reconciliation processes

Responsibilities

• Support daily, monthly, quarterly, and annual billing processes within the team’s service-level agreement by following established procedures and policies.
• Ensure the accurate mass generation of client invoices each week and in bulk each quarter, as well as the correct debiting of all associated client accounts.
• Provide exceptional, personalized service to external partners, ensuring their needs are met with the highest level of attention and care. This includes proactive communication, timely resolution of issues, and a commitment to exceeding their expectations.
• Monitor, escalate, and proactively manage the accounts receivable process, ensuring the timely collection and reconciliation of any outstanding funds owed to the firm.
• Act as a deep subject matter expert by leading discussions, providing solutions, and driving operational excellence. Identify and lead operational improvement opportunities that reduce risk, increase efficiency and controls, achieve scalability for the SpiderRock Advisors Billing team, and ultimately improve client experience.
• Support various projects, including automation/standardization efforts and the evolution of standard deliverables. Lead initiatives to improve our operating model by collaborating with internal business and technology partners, ensuring continuous enhancement of processes and systems.
• Learn and master multiple systems to understand their functionalities and work towards consolidating workflows. This includes identifying overlaps, streamlining processes, and ensuring seamless integration to enhance overall efficiency and productivity.
• Continuously seek to learn and understand how our responsibilities and processes integrate into the broader BlackRock and SMA Solutions business model. Recognize the impact of our decisions on our clients and other areas within the firm.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level