Senior Manager, Billing & Revenue

Cherry Bekaert Recruiting & Staffing Services; Washington (District of Columbia); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Tuition reimbursement up to $75K

Low healthcare premiums

Wellness benefits

Hybrid work environment

Job summary

Cherry Bekaert Recruiting & Staffing Services in Washington, DC seeks an experienced Billing Manager to shape the strategic direction of the revenue and billing function for the Firm. You will oversee revenue recognition, unbilled, billing, and collections while leading the billing team to ensure accurate and timely invoicing.

You will develop and enforce policies, manage matter lifecycle in systems like D365 F&O, and collaborate with Practice Chairs, Finance, and Client Relationship leaders to

Qualifications

• 5+ years of experience with the revenue and billing cycle in a professional service company.
• 2+ years of supervisory/management experience.
• Bachelor’s degree in Accounting preferred.

Responsibilities

• Oversee revenue recognition, unbilled, billing, and collections processes.
• Manage the billing team and matter lifecycle; monitor WIP and AR.
• Develop and implement D365 F&O enhancements for revenue and billing.
• Monitor key metrics such as DSO, cash collections, and write-offs.
• Collaborate with Practice Managers and Finance leadership to optimize financial performance.

Skills

Billing management experience

Revenue recognition

Team leadership

Financial analysis

Education

Bachelor’s degree in Accounting

Tools

D365 F&O

Microsoft Excel

Job description

A boutique consulting firm based in Washington, DC, consistently ranked among Top Workplaces in the area, is looking for an experienced Billing Manager to shape the strategic direction for the revenue and billing function for the Firm. This person will oversee the management of all processes related to revenue recognition, unbilled, billing, collections, and management of the billing team.

Responsible over the monthly revenue recognition process for time and expense, fixed prices, and other alternative fee arrangements, developing and maintaining written operational policies and procedures to ensure compliance with the Firm’s revenue recognition method

Manage the Billing Team and billing process, which include accounting and management of the matter life cycle; set-up, maintenance, and monitoring of matters in compliance with contractual requirements; management and analysis of unbilled, billing process efficiency, accounts receivable, and collections analysis

Effectively communicate with the Client Service teams to ensure proactive management of the financial performance of key matters (top 10 to 15 matters based on billable activity)

Provide leadership and direction to billing team to ensure day-to-day operations within the revenue cycle management are billed and collected accurately and efficiently

Develop and implement solutions in D365 F&O to optimize the revenue, billing, and collection processes, including e-bill matters

Collaborate with the Practice Managers team to manage and monitor matter-related information

Communicate with and manage internal relationships with Practice Chairs, Practice Managers, Finance Partner, and Chief Client Relationship Officer

Improve the process and timeliness of capturing hours and costs for affiliates and independent contractors to ensure efficiency and inclusion in the monthly billing process

Coordinate with the Legal department to ensure there are fully executed contracts with clients for each matter

Monitor and report on key metrics, including but not limited to cash collections, DSO for A/R, speed to bill WIP, speed to collect, AR and WIP aging, payment plans, and write-downs and write-offs

Proactively perform root cause analysis and develop action plans when metrics do not meet internal goals

Inform A&F leadership, Finance Partner, and Chief Client Relationship Officer about trends and issues impacting financial performance

Participate in system implementations and upgrades as it pertains to the revenue and billing processes, ensuring that functionality is robustly tested during user acceptance testing

Manage employee performance and mentor staff

Qualifications:

Bachelor’s degree in Accounting preferred

Minimum of 5+ years of experience with the revenue and billing cycle in a professional service company.

2+ years of supervisory and/or management experience

Ability to frequently operate a computer or other office productivity machinery

The salary range for this position is $120,000 to $180,000. This position is also eligible for bonus compensation on a discretionary basis. Additional benefits include:

Comprehensive benefits package—includes tuition reimbursement up to $75K, low healthcare premiums, wellness benefits, and more!

Hybrid work environment with three coordinated in-office days per week.

Open culture where your voice is heard, your input is sought, and your contributions are rewarded.

Fun and engaging culture including frequent social events.

Amenities that include a fitness center, rooftop terrace, standing desks, espresso, fresh fruit, breakfast and afternoon snack, billiards, and ping pong.

Employee-driven community outreach program featuring fundraising events (e.g., trivia, game shows, cooking competitions, etc.), volunteer opportunities, and matching funds along with our pro bono program.