Mphasis · 1 month ago
Ops Professional/ Senior Billing Specialist
New York, NY
Contract
Onsite
Senior Level, Lead/Staff
8+ years expMphasis is seeking a highly skilled and detail-oriented Senior Billing Specialist with extensive experience in the Asset Management industry. The role focuses on managing end-to-end billing cycles, enhancing billing governance, and ensuring timely and accurate invoicing for various clients.
Artificial Intelligence (AI)BlockchainCyber SecurityInformation TechnologyIT Management
Hiring Manager
Ashish P.
Responsibilities
Lead the monthly, quarterly, and annual billing cycles across mutual funds, SMAs, hedge funds, and private equity vehicles
Review and calculate management fees, admin fees, performance fees, breakpoints, and waterfall structures
Maintain and update client-specific billing instructions, fee schedules, side letters, and negotiated terms
Aggregate AUM/holdings data from multiple custodians (LPL, Schwab, Fidelity, Pershing, etc.) and ensure consistency with internal systems
Perform in-depth reconciliations between:
Custodian feeds
Internal books & records
Pricing & NAV systems
CRM/contract repositories
Identify and resolve discrepancies proactively to ensure accurate billing outputs
Operate and enhance workflows in billing engines such as:
Revport
Eagle/Advent APX Billing
Salesforce (contract modules)
Workday Financials or Oracle/NetSuite billing modules
Configure rules, rate cards, fee tiers, client hierarchies, and exception logic in the billing platform
Partner with technology teams to drive automation and reduce manual touchpoints
Generate, validate, and deliver invoices for institutional clients, distributors, wealth platforms, and sub-advisory relationships
Coordinate with finance on revenue recognition and ensure alignment with GAAP and internal controls
Maintain dashboards and MIS covering billed revenue, accruals, write-offs, and client-level profitability
Serve as the subject-matter expert for billing queries from clients, auditors, relationship managers, and compliance
Enhance billing policies, documentation, SOPs, checklists, and control frameworks
Contribute to continuous improvement initiatives, including workflow redesign and automation using tools like Power BI, Alteryx, Tableau, or Python-based scripts
Qualification
Required
8+ years in a billing or revenue operations role within an Asset Management, Wealth Management, or Fund Administration organization
Strong understanding of fund structures, AUM feeds, custodial platforms, and fee mechanics
Experience working with at least one major billing system (Revport, APX Billing, Workday, Oracle, SAP, or custodian billing engines)
Familiarity with data extract and reconciliation tools: Alteryx, Power BI / Tableau, Excel (advanced — macros, pivoting, lookups, modeling)
Experience with document management or contract systems (e.g., Salesforce, SharePoint)
In-depth understanding of investment products (equity, fixed income, alternatives, SMAs, model portfolios, multi-asset funds)
Strong command of fee structures: standard management fees, tiered breakpoints, performance fees, incentive fees, hurdle rates, distribution fees, platform fees, and negotiated institutional terms
Knowledge of billing-related controls, audit trails, and compliance requirements
Exceptional attention to detail and accuracy in a high-stakes financial environment
Strong analytical and problem-solving mindset
Ability to communicate clearly with internal teams, tech partners, auditors, and high-value clients
Ownership mindset with ability to thrive in fast-paced, deadline-driven environments
Preferred
Background in hedge fund or private equity fee calculations
Exposure to custodial billing for platforms
Experience in revenue assurance or fee leakage analysis
Prior involvement in migration or system-implementation projects for billing engines
Company
Mphasis
Mphasis is an IT services company that offers blockchain, cyber security, product engineering, DevOps, and other services. It is a sub-organization of Blackstone Group.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$68.92MKey Investors
Blackstone Group
2020-04-02Post Ipo Equity· $68.92M
2016-04-05Acquired
2004-06-04IPO
Leadership Team
Nitin Rakesh
Chief Executive Officer and Managing Director
Aravind Viswanathan
Chief Financial Officer
Recent News
2026-01-11
2025-12-27
2025-12-26
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