Billing Specialist

Job description

Billing Specialist I

FTI Consulting is the leading global expert firm for organizations facing crisis and transformation. We work with many of the world's top multinational corporations, law firms, banks and private equity firms on their most important issues to deliver impact that makes a difference. From resolving disputes, navigating crises, managing risk and optimizing performance, our teams respond rapidly to dynamic and complex situations.At FTI Consulting, you'll work side-by side with leaders who have shaped history, helping solve the biggest challenges making headlines today. From day one, you'll be an integral part of a focused team where you can make a real impact. You'll be surrounded by an open, collaborative culture that embraces diversity, recognition, professional development and, most importantly, you.Are you ready to make your impact?

FTI Consulting is looking for a Billing Specialist I to work closely with Project Managers (PM's) throughout the engagement lifecycle with primary objectives of:

Ensuring timely, accurate, and professional invoices are sent to clients and month-end close related WIP adjustments are posted

Reducing the amount of time billable professionals spend on project management administrative tasks

The ideal candidate for this role will have:

Strong attention to detail

Excellent communication skills, including verbal and written

Good interpersonal skills, including being a team player with capacity to work with diverse team members

Organizational skills, including ability to prioritize

Ability to work flexibly under tight deadlines and handle multiple tasks through prioritization and time management skills

Project Setup and Maintenance

Ensure:

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

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

Ensure 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 PM

Process write-downs/ups as required, with proper approval

Input PM invoice edits

Finalize/send invoice to client, including e-billing system as applicable, with PM approval

Employ appropriate formatting and ensure 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 PM 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 PM input received

Review unbilled projects for late time and re-adjust if necessary

Respond to inquiries from revenue recognition team

Additional Duties

Monitor aging A/R and assist the PM and collections analyst in collection efforts

Additional duties as required

How You'll Grow

Direct access to leadership with defined long-term career planning will ensure you continue to develop your skills as a communications and change management practitioner. This position also allows the unique opportunity to partner with internal teams in various specialty areas to tackle a myriad of high visibility client challenges across industries. With an emphasis on a collaborative team approach, we all learn from each other as we share diverse perspectives and ways of working to best meet client challenges and continue to grow the firm.

What You Will Need To Succeed

Associate's college degree or commensurate work experience

1+ years of billing experience

Strong working knowledge of Microsoft Excel and other Office applications

Familiarity with time-and-expense billing models and engagement-based invoicing

Travel required to clients and to FTI office(s)

Applicants must be currently authorized to work in the United States for any employer on a full-time basis; this position does not provide visa sponsorship

FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.

Compensation Minimum Pay: $72,500Maximum Pay: $143,000 Compensation Disclosure: The compensation range reflects potential base salary for the role. Actual compensation is determined based on a wide array of relevant factors including market considerations, business needs, and an individual's location, skills, level of experience, and qualifications.

Worksite address

chicago, IL, 60290, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.