Billing Operations Vice President
JP Morgan Chase & Co.- Posted 4 hours ago
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Job Description
As a Billing Operations Vice President within Securities Services Operations, you will lead the Billing Set-Up and Invoice Clearing functions supporting Custody and Fund Services across global markets. The Billing Set-Up function establishes and maintains client and account information, billing instructions, pricing and fee structures, fee-billing requirements, and applicable tax and VAT configurations required for accurate invoice production. The Invoice Clearing function ensures that incoming payments are accurately matched and applied to outstanding invoices, while unmatched, unapplied, aged, and exceptional items are investigated and resolved within applicable timelines.
Job responsibilities
- Lead the combined Billing Set-Up and Invoice Clearing organization, with clear accountability and consistent management standards across both functions.
- Provide leadership and direction to managers responsible for the day-to-day delivery of billing set-up and invoice-clearing activities.
- Oversee operational performance across volumes, capacity, productivity, aging, turnaround time, quality, errors, exceptions, and outstanding work.
- Establish effective performance-management, prioritization, capacity-planning, and escalation disciplines across the organization.
- Promote a first-time-right culture focused on accuracy, attention to detail, ownership, timely execution, and effective self-review.
- Oversee controls relating to client and account configuration, billing instructions, pricing, fee structures, fee requirements, and applicable tax and VAT configurations.
- Oversee payment matching and application, cash allocation, unmatched and unapplied payments, aged items, processing exceptions, and reconciliation activities.
- Lead process simplification, standardization, automation, testing, and operational re-engineering initiatives.
- Partner with Client Service, Pre-Billing Implementation, Quality Verification, Invoice Production, Finance, Technology, Compliance, Risk, Legal, and other stakeholders to improve end-to-end outcomes.
- Escalate actual or potential regulatory breaches through established Compliance, Risk, and governance channels and ensure sustainable remediation.
- Significant operational leadership experience within global billing, Securities Services, financial operations, cash operations, or a comparable controlled environment.
- Strong understanding of complex billing operations and their downstream financial, operational, regulatory, and client impacts.
- Demonstrated knowledge of billing configuration, client and account set-up, pricing, fee structures, account maintenance, and fee-billing requirements.
- Strong knowledge of payment application, cash allocation, invoice clearing, open-item management, reconciliation, and exception-management concepts.
- Strong risk and control mindset, with demonstrated experience identifying control gaps and implementing sustainable remediation.
- Demonstrated ability to lead operations subject to jurisdiction-specific cash-aging, monitoring, escalation, and governance requirements.
- Strong analytical capability, with the ability to use performance, aging, quality, productivity, and error data to support decisions and drive improvements.
- Proven people-leadership experience, including coaching, performance management, succession planning, and talent development.
Ability to operate effectively across global regions, time zones, and multiple functional disciplines.
- Knowledge of ISO or Swift message processing or management.
- Experience leading Billing Set-Up, Invoice Clearing, Custody, Fund Services, Securities Services, or related financial operations.
- Working knowledge of tax and VAT-related billing configurations and their impact on invoice production.
- Experience managing unmatched and unapplied cash, aged receivables, regulatory cash-aging requirements, or similar financial-control processes.
- Demonstrated experience leading large-scale process simplification, automation, re-engineering, or operational-transformation initiatives.
- Experience developing management information, operational dashboards, key performance indicators, key risk indicators, and governance reporting.
More Info
Key Skills
Cash Allocation
Operational Leadership
Billing Set-Up
Billing Configuration
Invoice Clearing
Client and Account Set-Up
Payment Application
Pricing Fee Structures
About Company
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.