Senior Team Member - Fees & Billing (Payables/Receivables)

About the role

Bank of America's Global Business Services unit in India (BA Continuum India Private Limited) is hiring a Senior Team Member for its Fees & Billing process. The team processes invoices from brokers and vendors for trading on behalf of Merrill Lynch/Bank of America, reconciles trades, verifies commission rates and handles receivables and payables for products such as foreign exchange, credit derivatives, rates derivatives, fixed income, commodities and futures. The role works in an in-office setting in GIFT/GGN with shifts from 12:30 PM to 21:30 PM IST.

Key responsibilities

• Serve as Subject Matter Expert (SME) for assigned products and processes.
• Lead product-specific migrations, including trade feed testing, broker code setup, calculation configuration and payment system implementation.
• Monitor communication with brokers, trade desks and Application Support teams and ensure timely resolution of issues.
• Act as the primary training contact for onboarding and developing new hires.
• Collaborate with Application Development and Technology teams to fix system glitches, trade feed issues and source system defects.
• Generate and analyse business and financial reports, and hold regular review meetings with brokers and stakeholders.
• Process high-volume requests while meeting daily deadlines and service levels, and support process improvement initiatives.

Required profile

• Graduate in Commerce.
• 8-10 years of experience.
• Excellent written and verbal communication, and understanding of investment banking, the trade life cycle and the payments cycle.
• Strong teamwork, stakeholder management and communication skills.

Required skills

• End-to-end knowledge of fees and billing, invoicing, receivables, payables and settlements.
• Knowledge of accounting principles, journal entries, accruals, debits/credits and month-end activities.
• Understanding of operational risk, controls, audit and regulatory requirements.
• Strong analytical, reconciliation and exception management skills.
• Knowledge of payment processing, cash management and settlement workflows.
• Desired: decent knowledge of Excel and basic knowledge of AI.