Billing Specialist

The Cost Allocation and Billing Specialist is responsible for overseeing development, implementation, and maintenance of cost allocation methodology.

The Cost Allocation and Billing Specialist is responsible for overseeing the development, implementation, and maintenance of cost allocation methodologies and billing processes within the organization. This role requires a strong understanding of financial principles, attention to detail, and the ability to collaborate across various departments to ensure accurate and timely cost allocation and billing.
 

• Cost Allocation:

• Implement Group cost allocation framework which would comply with Transfer pricing standards.
• Ensure accurate distribution of expenses across departments and projects.
• Regularly review and update cost allocation methods based on changes in business operations, accounting standards, or regulatory requirements.
• Collaborate with department heads to gather necessary data for accurate cost allocations.
• Ensure compliance with relevant accounting standards, tax regulations, and other financial requirements related to cost allocation and billing.

• Group Contracts Administration:

• Oversee the administration of contracts within the Group, ensuring compliance and accurate cost allocation.
• Collaborate with legal and procurement teams to align contract terms with cost allocation requirements.

• Billing Process:
• Oversee the billing process to ensure timely and accurate invoicing to clients.
• Monitor billing cycles and implement improvements to streamline the invoicing process.
• Perform timely reconciliations and allocation.
• Allocate costs accurately to relevant departments and projects.

• Credit Control:
• Monitor collections, investigating and resolving any irregularities or inquiries related to credit control.
• Implement and maintain effective credit control procedures.
• Conduct regular statement of account and aging analyses.

• Reporting:
• Conduct regular financial analysis related to cost allocation and billing, providing insights to support decision-making.
• Prepare financial reports detailing revenue, expenses, and billing trends for management review.

• Qualification in Accounting or Finance. Professional certification is a plus.
• Proven experience in cost allocations and billing
• Strong understanding of accounting principles, financial reporting, and compliance requirements.
• Proficient IT knowledge including Microsoft Office, Accounting ERP (Sage preferably)
• Good time management and organizational skills.
• High degree of attention to detail.
• Excellent analytical and problem-solving skills.