SMA Billing Associate - PRI SMA Billing Associate - PRI …

in Princeton, NJ, United States
Permanent, Full time
Last application, 25 Oct 20
in Princeton, NJ, United States
Permanent, Full time
Last application, 25 Oct 20
SMA Billing Associate - PRI

About this role

Team Overview:

The Separately Managed Accounts (SMA) Billing team is responsible for billing roughly 20K of the 46K Retail SMA accounts at BlackRock, which are onboarded via 25+ different sponsor platforms. BlackRock is seeking an SMA Billing Associate with 3-5 years' experience in SMA or a similar billing function role within the Finance industry. The SMA Billing group is responsible for the accurate and timely billing of client accounts received through BlackRock's retail channel. The ideal candidate will be able to multi-task, dividing their time between daily, monthly, and quarterly functions as necessary. He/she/they will be familiar with the concepts of tiered fee schedules, account aggregation, discounting, rebating, and account receivables. He/she/they will also be familiar with the concepts of billing both equity and fixed income markets, along with all investment classes.

The SMA Billing Associate will work closely with the SMA Onboarding team, the Sales Desk, Portfolio Management teams, and various other business organizations to ensure all accounts are accurately billed and production credits are paid out on time to Financial Advisors. He/she/they will be asked to work diligently and accurately on individual projects and daily work, as well as to work as part of a team, participating in group audits to minimize the risk of any and all omissions or errors. Lastly, the SMA Billing Associate will also assist with producing metrics, reports, and other data analyses related to BlackRock's Retail SMA Business.


  • Daily, process new accounts, cancellations, account maintenance updates, supplemental bills, and exception items.

  • Participate in mass generation and approval of 20k+ invoices per quarter, ensuring accurate debit of client accounts.

  • Monitor production payouts to Financial Advisors and work with appropriate teams to mitigate issues and ensure accurate payouts.

  • Maintain the accounts receivable process for Retail SMA.

  • Work with SMA business organizations to ensure all one-off exceptions and special procedures are completed accurately.

  • Successfully manage time between day to day responsibilities and project involvement.

  • Identify and drive operational improvement opportunities that lower the risk of errors and increase efficiency of the SMA Billing team.


  • Sophisticated knowledge of Microsoft Office products, including Excel, Outlook, and Word is required

  • Undergraduate degree required

  • Knowledge of the following systems is a plus: Aladdin, APL, Revport, Oracle AR

  • The ideal candidate can work well individually and in a team, has a strong attention to detail, can switch easily between different tasks during the day, and be forward thinking while exhibiting problem solving skills

  • Good communication skills

  • Must be a great teammate

  • Must have a general knowledge of business operations

  • Must have good research and analytical skills

  • Must be detail oriented

  • Willing to work overtime and weekends when required

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit | Twitter: @blackrock | Blog: | LinkedIn:

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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