Director, Revenue & Rebate Accountant

Barings•Charlotte, NC

11d•Onsite

About The Position

We are seeking an experienced Revenue & Rebate Accounting professional to join the Global Revenue and AUM team. This role will take ownership of key revenue billing, rebate, accounting close, control, and reporting activities across multiple legal entities, with responsibility for ensuring accuracy, timeliness, auditability, and continuous improvement across the end-to-end process. The role is suited to an experienced candidate who can operate with autonomy, apply strong technical accounting judgement, review and challenge complex fee and AUM calculations, and partner effectively with senior stakeholders across Finance, Technology, Risk, Compliance, Client Services, and Investment Operations. In addition to managing recurring revenue and rebate deliverables, the role will be expected to lead process improvement, strengthen controls, maintain robust documentation, and help drive further automation across the team using tools such as Excel, Power Query, Power BI, SQL, workflow solutions, and emerging AI-enabled capabilities. This is a hands-on senior individual contributor role requiring ownership, judgement, technical depth, and the ability to influence across functions.

Requirements

Bachelor’s degree in Accounting, Finance, Mathematics, or a related field preferred.
Strong technical accounting foundation, with the ability to apply judgement to revenue recognition, accruals, reconciliations, adjustments, and financial statement impacts.
Significant relevant experience, typically 7+ years, in finance, accounting, revenue, billing, financial reporting, asset management, or a related control environment.
Experience with fee billing, revenue accounting, investment management fees, rebates, or AUM reporting is highly advantageous.
The candidate should have experience preparing journal entries and performing account reconciliations in an enterprise General Ledger system (Workday).
Advanced proficiency in Microsoft Excel, including data analysis, tables, and complex formulas.
Experience with data tools such as Power Query and SQL databases for handling large datasets and building reports is strongly preferred.
Familiarity with business intelligence tools (e.g., Power BI, Amazon QuickSight) to create dashboards or perform data analysis is a plus.
Hands-on experience with revenue management systems (such as Envestnet Revenue Manager) or similar financial accounting software is highly valued.
Exceptional analytical skills with the ability to review and validate complex financial calculations and large datasets for accuracy.
A methodical approach to troubleshooting data discrepancies and resolving process issues is required.
The candidate should exercise judgement in identifying issues that require escalation, challenging inconsistent or incomplete data, and recommending practical solutions that balance accuracy, control, and operational efficiency.
Attention to detail and a commitment to accuracy are critical, given the financial impact of revenue and AUM reporting.
Excellent written and verbal communication skills.
Ability to work effectively with cross-functional teams and to liaise with technical experts, auditors, and senior finance stakeholders.
The candidate should be adept at translating technical or data-related issues to non-technical colleagues and building strong working relationships across the firm.
A self-starter with a proactive mindset toward process improvement and innovation.
Able to embrace new technologies – including emerging analytics and AI tools – to automate manual processes and improve efficiency.
Demonstrated ability to adapt to system changes or upgrades (for example, supporting major system conversions or implementing new software) will be beneficial.
The team environment is dynamic, so the ability to manage multiple priorities and adjust to evolving business needs is important.
Demonstrated ability to take ownership of unfamiliar or complex areas, build subject matter expertise quickly, and drive issues through to resolution.

Nice To Haves

Experience with business intelligence tools (e.g., Power BI, Amazon QuickSight) to create dashboards or perform data analysis.
Hands-on experience with revenue management systems (such as Envestnet Revenue Manager) or similar financial accounting software.
Accounting qualification or certification, such as CPA, ACCA, CIMA, ACA, or equivalent, is strongly preferred, or significant progress toward such certification.
Experience in the asset management or financial services industry, particularly in roles dealing with fee billing, investment management fees, rebates, or AUM reporting, is highly desirable.
Familiarity with industry-specific concepts (e.g., Assets Under Management reporting metrics, fund accounting, client fee arrangements).
Direct working experience with Barings’ financial systems (e.g., Envestnet Revenue Manager, Revport, Workday Financials, Aladdin etc.) would be an advantage.
Exposure to data visualization or reporting tools such as Power BI or Amazon QuickSight is a plus.
A demonstrated history of streamlining processes or implementing automation in a previous role (for example, developing macros, workflows, or leveraging AI-driven solutions to eliminate manual tasks) is a plus.

Responsibilities

Manage all aspects of the fee billing process, including preparing and issuing client fee invoices (management fees, performance fees, etc.) and ensuring timely debtor follow-ups.
Oversee the calculation and posting of month-end revenue accruals and related journal entries for multiple legal entities, ensuring accuracy and compliance with accounting standards.
Lead the calculation, review, governance, and processing of rebates to intermediaries or clients with precision and timeliness.
Maintain rebate schedules, ensure payments are made promptly and accurately, and confirm that rebate calculations align with contractual terms and fee agreements.
Act as a key contact for resolving any fee or rebate-related inquiries from internal teams or external partners.
Review, challenge, and explain complex fee calculations and AUM movements.
Validate revenue share calculations, management fee computations, and AUM flow reconciliations for accuracy.
Investigate and explain variances in revenue and AUM reports, ensuring that results are well-reasoned and any discrepancies are addressed promptly.
Own and oversee all aspects of journal entries related to revenue recognition and fee accruals, including routine monthly entries and adjusting entries required for revenue corrections.
Ensure all entries are appropriately documented and posted into the General Ledger (Workday) in line with the financial close timetable.
Reconcile revenue accounts and verify that revenue and rebate transactions are correctly recorded to support accurate financial statements.
Lead initiatives to streamline and automate finance processes to reduce manual work and improve accuracy.
Leverage tools such as advanced Excel, Power Query, Power BI, or SQL databases for data processing and reporting, as well as exploring the use of AI or advanced analytics to enhance efficiency in data reconciliation and report generation.
Act as a key finance owner and senior business user of the revenue management systems (Envestnet Revenue Manager) to ensure data integrity and effective operation of billing processes.
Regularly maintain static data in these systems (such as fee rates, client details, and mappings) so that system configurations remain accurate and up to date.
Monitor data feeds (from internal systems like Aladdin, Portfolio Central, eFront, Workday, Client Services and other internal sources) for completeness, troubleshoot feed issues, and coordinate with Technology teams to resolve any data integration problems.
Develop and update comprehensive process documentation, including process flows, checklists, and standard operating procedures for revenue and rebate tasks.
Ensure that all key activities (fee billing, rebate processing, AUM reporting, journal postings, etc.) have robust internal controls and audit trails in place.
Continually enhance controls and audit checks to maintain high data quality and compliance with internal policies and external regulations.
Act as an owner of the control environment for assigned processes, ensuring that reconciliations, approvals, evidence, issue logs, and change documentation are maintained to a standard suitable for internal review, external audit, and management oversight.
Work closely with a variety of teams across the firm – such as Financial Accounting, Investor Relations, Technology (IT), Risk, and Compliance – to deliver firm-wide initiatives, resolve data issues, and support management reporting needs.
Collaborate with IT and product vendors during system upgrades or new system implementations (Envestnet Revenue Manager, ITDB, Workday), providing finance requirements, testing changes, and ensuring smooth transitions with minimal disruption to reporting.
Maintain awareness of relevant tools, systems, and best practices in financial reporting, data management, and automation.
Provide technical guidance, review, coaching, and escalation support to junior colleagues and offshore or cross-functional partners, even where formal line management is not required.
Support cross-training and knowledge-sharing across the Revenue & AUM team to strengthen coverage, resilience, and business continuity during peak periods or absences.

Benefits

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program