Vice President, Advisory Billing, Performance & Data Reconciliation

LPL Financial•Tempe, AZ

About The Position

The Vice President, Advisory Billing, Performance & Data Reconciliation is a senior operations leader responsible for the end-to-end governance, execution, and transformation of advisory fee billing, portfolio accounting, investment performance, and data reconciliation functions. This role combines previously separate leadership portfolios into a single, integrated operating model, ensuring data integrity, billing accuracy, risk management, and scalable processing across millions of advisory accounts. Reporting to the Head of Client Compensation (or equivalent), this leader serves as a general manager with deep operational, technical, and people leadership expertise, accountable for both business-as-usual execution and strategic evolution. The VP will oversee functions supporting approximately 2.4 million advisory accounts, with data and processes that directly impact client fees, advisor compensation, financial reporting, and regulatory compliance. This role requires balancing highly technical portfolio and performance data reconciliation with time-sensitive advisory billing operations, while fostering a culture of engagement, accountability, and continuous improvement. The VP will act as a key partner to Technology, Product, Risk, Compliance, Finance, and Advisor Services to ensure operational resilience and forward-looking capability. We are seeking a strategic, hands-on leader who thrives in complex environments where accuracy, accountability, and scale matter. The ideal candidate is client-focused, risk-aware, and passionate about building high-performing teams while modernizing operations that sit at the heart of the advisor and client experience.

Requirements

8+ years of financial services experience, with significant leadership responsibility in operations, data, billing, performance, or portfolio accounting
Success leading large, complex teams with both technical and processing functions
Understanding of advisory fee billing, compensation models, and downstream financial impacts
Experience managing investment performance data, portfolio accounting, and reconciliation processes
Ability to lead enterprise initiatives, influence senior stakeholders, and execute through ambiguity
SIE & Series 99 (or industry equivalent), or ability to obtain within required timeframe
Advanced analytical and problem-solving skills with exceptional attention to detail
Expertise in investment transaction accounting and reconciliation, including corporate actions
Knowledge of investment products (mutual funds, equities, fixed income, options, annuities, etc.)
Understanding of Agile and project management methodologies within complex systems environments
Executive-level communication and presentation skills, including the ability to translate technical concepts for senior leadership
Ability to manage competing priorities, tight deadlines, and high-risk deliverables in a fast-paced environment
Working knowledge of Microsoft Office tools (Word, Outlook, PowerPoint, Visio)

Responsibilities

Lead and inspire a multi-layered organization of 65+ associates, including Assistant Vice Presidents, Managers, highly skilled technical staff, and processing teams
Create a highly engaged culture focused on ownership, learning, and continuous improvement, ensuring retention and development of critical technical talent
Set clear performance expectations, define success metrics, and build succession plans for key roles
Serve as a visible and credible leader during periods of change, transformation, and regulatory or business-driven demand spikes
Own the end-to-end advisory fee billing lifecycle, ensuring accuracy, timeliness, scalability, and transparency for clients and advisors
Drive operational strategy to improve billing efficiency, automation, and cost-to-serve, while maintaining a strong control environment
Partner with Compensation, Finance, and Advisor Services to support new fee models, billing features, and advisor growth initiatives
Ensure seamless execution of month-end, quarter-end, and year-end close activities associated with billing and compensation
Oversee investment performance and portfolio accounting data reconciliation across millions of accounts, including security master, pricing, and transactional data
Lead initiatives to increase the frequency, accuracy, and coverage of reconciliations (e.g., progressing toward monthly reconciliation for all applicable accounts)
Ensure deep subject matter leadership across complex asset classes, corporate actions, and transaction accounting
Maintain strong downstream data integrity to support billing, reporting, and advisor-facing performance tools
Maintain ownership and oversight of key operational and data risk controls, ensuring compliance with internal standards and regulatory expectations
Proactively identify operational, data, and client risk; implement mitigation strategies and escalation protocols
Partner closely with Risk, Compliance, Audit, and Legal on control testing, issue remediation, and regulatory responses
Ensure procedures, documentation, and audit artifacts are current, accurate, and consistently followed
Define and execute the future-state operating model for advisory billing and performance/data reconciliation
Establish and automate key performance indicators (KPIs), quality controls, and capacity metrics for BAU and steady-state operations
Drive Lean / Six Sigma-based process improvements to reduce manual effort, drive straight-through processing, and improve resiliency
Lead business requirement development, prioritization, and execution in partnership with Technology and Product, balancing scope, budget, and resource constraints
Serve as a senior change leader for platform migrations, system enhancements, and new product launches impacting billing or performance data