Billing Analyst I -- Strategic Communications
- 📅
- Oct 23, 2018 Post Date
- 📅
- 181BG Requisition #
Thanks for your interest in the Billing Analyst I -- Strategic Communications position.
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About The Opportunity:
FTI Consulting is looking for a Billing Specialist I to work closely with Billing Timekeepers (BTK’s) throughout the engagement lifecycle with primary objectives of:
1. Insuring timely, accurate and professional invoices are sent to clients
2. Month-end close related WIP adjustments are posted
3. Reducing the amount of time billable professionals spend on project management administrative tasks
Matter Setup and Maintenance
Insure:
- Contract terms are captured accurately in the Financial Systems (e.g., fee arrangement, rates, soft costs)
- Necessary approvals are documented and archived
- Amendments to contract terms are flagged and necessary supporting documentation is obtained and archived
- o Necessary information for billing is documented (e.g., client contact info, e-billing system and/or MSA requirements)
- Information necessary for revenue recognition is archived
- Prepare and Send Invoice to Client
- Invoice retainers, fixed fees or hourly engagements consistent with contract terms
- Insure accuracy of data in proforma/draft invoice, e.g.:
- Billing rates are consistent with contract
- Soft costs are consistent with contract
- Anticipated costs, intercompany fees are captured
- Send draft invoice (or proforma if requested) in format requested by BTK
- Process write downs/ups as required, with proper approval
- Input BTK invoice edits
- Finalize/send invoice to client, including e-billing system as applicable, with BTK approval
- Employ appropriate formatting and insure professional presentation
- Monitor bounce backs and troubleshoot
- Archive all directions/approvals required for control/audit purposes
- Assistance with Monthly Revenue Close Process
- Review assigned matter WIP and obtain BTK input regarding expected realization of overage, project fees in excess of contractual amount, hourly work above and beyond agreed cap
- Record the necessary WIP adjustment based on BTK input received
- Review report of unbilled matters for late time and re-adjust if necessary
- Respond to inquiries from revenue recognition team
Additional Duties: - Monitor aging A/R and assist the BTK and collections analyst in collection efforts
Additional duties as required - Attention to detail
- Excellent communication skills, including verbal and written
- Good working knowledge of PC and network environment, word processing, database and spreadsheet software (MS Office preferred)
- Good interpersonal skills, including being a team player with capacity to work with diverse team members
- Organizational skills, including ability to prioritize
- Flexibility – ability to work under tight deadlines; ability to handle multiple tasks through prioritization and time management skills
- Education/Experience Requirements:
- Preferably Associate Degree in Business Administration, or commensurate work experience in book keeping, administrative accounting, accounts receivable/payable, etc.
Position Classification: Exempt
FTI Consulting is an Equal Opportunity Employer
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