Billing Analyst

Description

OVERVIEW

As a Billing Analyst on the tru Independence team, you will manage client billing, invoicing, and financial transactions to ensure accuracy, compliance and efficiency. This role involves processing fees, reconciling billing data and collaborating with clients, internal teams, and custodians. The ideal candidate has RIA or financial services experience, proficiency in Portfolio Accounting Systems (PAS), and strong analytical and communication skills. With opportunities for career growth and process improvement, this role is ideal for an independent, detail-oriented professional.

This is a role for tru Independence -

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Billing & Invoicing:

· Generate and process client billing based on discretionary agreements, ensuring accuracy and adherence to timelines.

· Review and verify account values, fees, and charges in accordance with client agreements.

· Track outstanding fees and follow up to ensure timely collections and resolution of billing discrepancies.

Client Account Management:

· Assist with new client onboarding, including setting up fee schedules, invoice templates, and billing methods.

· Maintain and update client billing information, ensuring accuracy in payment methods and billing preferences.

Data Analysis & Reporting:

· Conduct audits of client accounts and billing settings to ensure accuracy and compliance.

· Reconcile fee billing data and generate reports to identify variances and process improvement opportunities.

Compliance & Process Improvement

· Ensure billing practices align with company policies and regulatory requirements.

· Identify inefficiencies in billing workflows and collaborate with teams to enhance operational efficiency.

Customer Service & Collaboration

· Serve as a primary contact for client billing inquiries, ensuring prompt and professional resolution of issues.

· Work closely with internal teams to maintain accurate billing data.

· Assist with daily advisor requests and participate in meetings, committees, and projects as needed

Requirements

ESSENTIAL SKILLS and/or EXPERIENCE

· 1+ years of experience with a Registered Investment Advisor (RIA) or within the financial services industry, preferably in a fee billing capacity.

· Strong understanding of billing processes, financial transactions, and investment advisory services.

· Proficiency in Microsoft Excel and familiarity with Portfolio Accounting Systems (PAS), including Orion, Advyzon, Tamarac, or Black Diamond.

· Experience with custodian systems such as Fidelity, Schwab, Pershing, Goldman Sachs, and Raymond James.

· Excellent attention to detail with strong analytical and problem-solving skills.

· Knowledge of industry regulations and compliance standards.

· Strong verbal and written communication skills, with the ability to interact professionally with clients and internal team members.

· Ability to manage multiple tasks, meet deadlines, and work independently in a fast-paced environment.

· Bachelor's degree preferred.