Billing Analyst
About The Position
Join our Advisor Relations and Billing Team, where you will play a crucial role in ensuring that appropriate selling agreements are in place with both new and existing financial advisor firms. You will also facilitate payments to these firms and other business partners, managing all aspects of fee billing. This includes fee calculation, validation, debiting/crediting, reconciliation, reporting, maintenance, and facilitation of payments to Financial Advisor Firms, Financial Advisors, and Strategists. The team manages four quarterly cycles and twelve monthly billing cycles annually.
Requirements
- Proficiency in Microsoft Excel, including Vlookup and pivot tables.
- Strong accounting and billing experience.
- Knowledge of financial services industry or financial products, with a preference for experience with retirement-related products.
Nice To Haves
- Experience in reoccurring service subscriptions (SaaS billing or business service or the financial services or banking industry is preferred).
Responsibilities
- Manage and coordinate monthly and/or quarterly billing tasks.
- Process and oversee third-party/partner payment processes, such as Marketing Support/Premier BD payments.
- Prepare daily third-party custodian fee account reconciliation.
- Perform daily peer review and quality control of billing maintenance requests.
- Collaborate with other teams to deliver complex analysis and reporting requests.
- Implement and review negotiated fee agreements.
- Provide subject matter expertise to business partners and support the introduction or enhancement of products and services.
- Continuously upgrade billing standard operating procedures.
- Identify and collaborate with technology partners on system and process improvements.
- Prepare monthly team metrics and daily team dashboard.
- Generate and deliver invoices and billing statements for AssetMark Retirement Plan.
- Monitor the quarterly plan-level revenue collection process for AssetMark Retirement Plans.
- Ensure all billing follow-up procedures are completed within established timelines for AssetMark Retirement Plans.
- Maintain a process-improvement mindset by proactively identifying gaps or challenges and following through on solutions from start to finish.
Benefits
- Medical, dental & vision
- Critical Illness, Accident, and Hospital
- 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available
- Life Insurance (Voluntary Life & AD&D for the employee and dependents)
- Short and long-term disability
- Health Spending Account (HSA)
- Transportation benefits
- Employee Assistance Program
- Time Off/Leave (PTO, Vacation or Sick Leave)
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What This Job Offers
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
