Revenue & Billing Analyst

40 Temperance Street
Suite 2600
Toronto, ON , CAN

The Revenue & Billing Analyst reports to the Director, Finance Operations and is primarily responsible for financial analysis and oversight of cost recovery-based fee models, including revenue forecasting, financial performance analysis, and analysis supporting invoicing and collections of amounts due to the organization. The role performs financial calculations and analysis of revenues to ensure fair and equitable recovery of organizational costs, maintains a strong understanding of all approved fee models, and works collaboratively with internal and external stakeholders on system upgrades and implementations to support new business initiatives.

As a self-regulatory organization, the Canadian Investment Regulatory Organization (CIRO) is committed to setting high regulatory standards for the investment industry, safeguarding investors, and supporting the integrity of Canada’s capital markets. Join a growing team and contribute to the dynamic and complex world of Canadian capital markets.

Main Duties and Responsibilities

• Manage the annual membership dues calculation process, including coordination with departments and stakeholders for input, reviews, financial analysis and forecasting, and quarterly invoicing in a timely manner.
• Lead the yearly calculation and financial analysis of Annual Dues revenue for Dealer Members as per approved fee guidelines, using the Excel model and applicable systems and databases.
• Process invoices in a timely and accurate manner, including Market Equity and Debt regulation fees, Debt IP fees, supplementary billing, enforcement sanctions, continuing education, delayed MFR filing, quarterly Ombudsman for Banking Services & Investments (OBSI) invoices, and other applicable fees, and analyze related revenue trends and variances.
• Process monthly billing calculations for fee models (Market Equity/Debt and Debt IP) in the Adaptive Insights system, import to the ERP (Microsoft Business Central), generate invoices for review and distribution, and analyze and validate resulting financial information and revenue forecasts.
• Work with IT to ensure effective use of ERP systems supporting accurate and efficient revenue-related processes, and evaluate current workflows for automation opportunities, including developing and implementing tools to improve financial analysis and reporting.
• Maintain and align the customer database between the enterprise resource planning system and the corporate performance management system, ensuring the completeness and accuracy of all customer master records used in financial analysis, forecasting and reporting.
• Partner with stakeholders on system upgrades and improvements impacting revenue calculations and billing processes, assessing the financial impact of proposed changes and providing recommendations.
• Assist with the preparation of revenue budgets and forecasts as required, including analysis of financial performance, trends and variances to support the annual budget fee memo to the Board of Directors.
• Provide quarterly analysis and reconciliation of fines revenue, disgorgements, and collections, and maintain payment schedules and reports on fines and disgorgements received or outstanding, including analysis of trends, financial risks and projected collections.
• Assist in the month-end close process, including commentary on reported revenue variances and reconciliation of all revenue-related balance sheet accounts, and assess financial performance against budget and forecast.
• Prepare monthly pre-authorized debits (PAD) and CDS lists for direct deposit of payments, and analyse cash-flow and collection requirements arising from these payments.
• Oversee the collections process and management…