Revenue & Rebate Analyst

Barings•Charlotte, NC

About The Position

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Title: Revenue & Rebate Analyst Business Unit: Corporate Accounting Location: Charlotte, NC Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary We are seeking a motivated Revenue & Rebate Analyst to join our Global Financial Revenue team, filling a role previously held by a retiring senior team member. This position is tailored for a mid-level professional (Senior Associate / Associate Director level) who will oversee fee billing (revenue) and rebate processes and related accounting tasks. The role requires a qualified accountant (or a candidate with an academic background in accounting, finance, or mathematics) comfortable with preparing journal entries, reviewing complex financial calculations, and leveraging technology (e.g. Power Query, databases, and AI tools) to automate and improve manual processes. The successful candidate will combine strong technical accounting skills with an innovative, process-improvement mindset, ensuring accuracy in revenue reporting and AUM analytics, and contributing to the continuous enhancement of our financial systems and workflows.

Requirements

Education & Background: Bachelor’s degree in accounting, Finance, Mathematics, or a related field (required).
Solid understanding of fundamental accounting principles and financial statements is essential.
Strong academic or professional background in finance/accounting is preferred.
Professional Experience: Proven experience (approximately 3+ years ) in a finance, accounting, or financial reporting role.
The candidate should be comfortable preparing journal entries and performing account reconciliations in an enterprise General Ledger system (Workday).
Technical Skills: 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.
Analytical & Problem-Solving Abilities: Exceptional analytical skills with the ability to review and validate complex financial calculations and large data sets for accuracy.
A methodical approach to troubleshooting data discrepancies and resolving process issues is required.
Attention to detail and a commitment to accuracy are critical, given the financial impact of revenue and AUM reporting.
Communication & Collaboration: 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 .
Initiative & Adaptability: A self-starter with a proactive mindset toward process improvement and innovation.
Willingness 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.
A self-starter with a strong willingness to learn, who is comfortable taking on new or unfamiliar areas and driving them forward.

Nice To Haves

Professional Certification: Chartered Accountant or equivalent certification (CPA, ACCA, CIMA or similar) is strongly preferred , or significant progress toward such certification.
This signifies a solid grasp of accounting principles and professional standards.
Industry Experience: 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) will enable the candidate to more quickly assume key duties.
Systems & Tools: Direct working experience with Barings’ financial systems (e.g., Envestnet Revenue Manager, Revport, Workday Financials, Aladdin etc.) would be an advantage, as it reduces the learning curve.
Exposure to data visualization or reporting tools such as Power BI or Amazon QuickSight is a plus, reflecting the team’s move toward enhanced data analytics and reporting dashboards.
Process Improvement Track Record: 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.
This aligns with the team’s continuous improvement philosophy and the expectation to build on the strong foundation of controls and efficiency established by the previous role-holder .

Responsibilities

Revenue Billing & Invoicing: 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.
Rebate Management: Calculate and process 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.
Financial Analysis & Complex Calculations: Perform detailed financial analysis to review 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.
Journal Entries & Accounting Close: Prepare and review journal entries related to revenue recognition and fee accruals, including both routine monthly entries and any adjusting entries needed 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.
Process Improvement & Automation: Identify opportunities to streamline and automate finance processes to reduce manual work and improve accuracy.
This includes leveraging 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.
Systems Management (Envestnet & Data Feeds): Serve as a key user and administrator 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 Teams etc.) for completeness, troubleshoot feed issues, and coordinate with Technology teams to resolve any data integration problems.
Documentation & Control: 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.
Cross-Functional Collaboration: Work closely with a variety of teams across the firm – such as Financial Accounting, Investor Relations, Technology (IT), Risk, and Compliance – to support firm-wide initiatives and data 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.
Continuous Learning & Support: Stay updated on new tools and best practices in financial reporting.
The team values individuals who seek additional training (for example, Power BI “Super User” training to enhance technical skills) and who are proactive in expanding their knowledge.
The Revenue & AUM team culture emphasizes knowledge-sharing and backup support; the new analyst will be expected to cross-train with colleagues to ensure coverage and business continuity during peak periods or team absences.
Additionally, be ready to mentor junior team members and contribute to a collaborative, inclusive team environment that echoes the firm’s values of Accountability, Collaboration, and Excellence.

Benefits

Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
FINANCIAL WELL-BEING
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
LIFE INSURANCE
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
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
OTHER BENEFITS
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program