Billing Specialist

Billing Specialist IFTI 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 postedReducing the amount of time billable professionals spend on project management administrative tasksThe ideal candidate for this role will have:Strong attention to detailExcellent communication skills, including verbal and writtenGood interpersonal skills, including being a team player with capacity to work with diverse team membersOrganizational skills, including ability to prioritizeAbility to work flexibly under tight deadlines and handle multiple tasks through prioritization and time management skillsWhat You'll DoProject Setup and MaintenanceEnsure:Contract terms are captured accurately in the Financial Systems (e.g., fee arrangement, rates, soft costs)Necessary approvals are documented and archivedAmendments to contract terms are flagged and necessary supporting documentation is obtained and archivedNecessary information for billing is documented (e.g., client contact info, e-billing system and/or MSA requirements)Information necessary for revenue recognition is archivedPrepare and Send Invoice to ClientInvoice retainers, fixed fees or hourly engagements consistent with contract termsEnsure accuracy of data in proforma/draft invoice, e.g.:Billing rates are consistent with contractSoft costs are consistent with contractAnticipated costs, intercompany fees are capturedSend draft invoice (or proforma if requested) in format requested by PMProcess write-downs/ups as required, with proper approvalInput PM invoice editsFinalize/send invoice to client, including e-billing system as applicable, with PM approvalEmploy appropriate formatting and ensure professional presentationMonitor bounce backs and troubleshootArchive all directions/approvals required for control/audit purposesAssistance with Monthly Revenue Close ProcessReview 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 capRecord the necessary WIP adjustment based on PM input receivedReview unbilled projects for late time and re-adjust if necessaryRespond to inquiries from revenue recognition teamAdditional DutiesMonitor aging A/R and assist the PM and collections analyst in collection effortsAdditional duties as requiredHow You'll GrowDirect 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 SucceedBasic QualificationsAssociate's college degree or commensurate work experience1+ years of billing experienceStrong working knowledge of Microsoft Excel and other Office applicationsFamiliarity with time-and-expense billing models and engagement-based invoicingTravel 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 sponsorshipPreferred QualificationsExperience in a professional services or consulting environment is a plusFTI 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: $72,500 Maximum 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.