Billing Specialist

Who We Are

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

• Basic Qualifications
  • 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
• Preferred Qualifications
  • Experience in a professional services or consulting environment is a plus

• Minimum Pay: $72,500
• Maximum Pay: $143,000
• Compensation Disclosure:
  The compensation range reflects potential base salary for the role. Actual compensation is…