Client Operations_Fee Billing_Associate

Client Operations_Fee Billing_Associate

As the Associate, Investment Fee Specialist - AM Operations you will work in a collaborative team environment as well as across multifunctional teams within the Asset Management Division while performing customized calculations and analysis of client fees and revenue for the Division.  The position is an Associate Officer where you will have the opportunity to advance your career within the Fee Billing Operations or with other teams throughout the Firm. 

The Fees Operations Associate is responsible for business coordination, financial analysis, oversight of functions, and act as a subject matter expert for various fees and discount billing practices.

 Job Responsibilities: 

• Perform detailed analysis and problem resolution of complex fee calculations through understanding of performance attributes, portfolio returns, benchmark indices, market values, and cash flow data. 
• Maintain knowledge of Investment Management fee terms and structures for each account in order to concisely articulate each calculation with Investor Specialist and Client Service Managers while obtaining approvals to finalize fee calculations. 
• Manage the IM (Investment Management) fee client account workflow from onboarding, fee calculation, analysis, review, and invoice distribution
• Identify automated fee calculation structures and develop UTs for manual calculation structures as required.
• Develop relationships Client Service Managers and key offshore stakeholders to align with Fee Operations. 
• Interpret fee agreement language and understand the requirements before calculating an invoice
• Development & maintain risk and control framework for performance fee calculations and required UTs 
• Identify automation opportunities and contribute to technology builds to create an industrialized support model for management fees.
• As member of the team, you will also learn, manage, and have ownership for other areas of asset management fee types, analysis, calculations, and team functions. 

Required Qualifications, Skills and Capabilities:

• 7 years’ experience in Finance, Accounting, Operations or similar work experience 
• Financial Services Industry knowledge including investment products, mutual funds, and regulatory rules is desired.   
• Bachelor’s Degree required with advanced degree(s) a plus (MBA, CFA, or CPA) 
• Strong Analytical acumen and Data Mining Skills
• Experience with fee agreement interpretation and performance fee structures a plus.
• Strong Technical Competencies including excellent working knowledge of all MS Office applications