The billing manager is responsible for the accuracy of invoices, management of customer accounts, and issuing payments. This position typically requires a bachelor’s degree in business administration or a related field. The billing manager position is responsible for the accuracy of invoices, management of customer accounts, and issuing payments. The billing manager oversees a team of billing specialists who handle specific tasks within the billing process. The billing manager is also responsible for maintaining accurate records and preparing reports.
A bachelor’s degree in business, accounting, or a related field. The Billing Manager job description is similar to the position of an accountant.
Salary and benefits of Billing Manager
The salary for a billing manager depends on experience and the region where he or she works. The average annual salary is $66,600. However, it could be higher or lower based on location.
Benefits of a Billing Manager:
In addition to the job benefits, most employers offer supplemental health and retirement plans, paid vacation and holiday time, sick leave, and other perks.
Billing Manager Manager Job Descriptions
- Determining pricing for all clients
- Working with client engineering teams to render any app modification required for different markets, in order that these modifications should be cost effective for the company
- Fighting against 3rd party fraud by identifying fraudulent behaviour and banning accounts
- Meeting all deadlines for the billing process
- Reviewing and approving all changes to client’s rates
- Creating and maintaining reports on revenue and accrued time
- Resolving any discrepancies with an identified resolution proce
- Monitor and maintain monthly billing, payment, and collections records to control accounts receivables
- Plan, analyze and direct accounting records of accounts receivable to smooth cash flow and minimize loss of funds
- Supervise sales administration staff
- Conduct periodic appraisals of the performance of subordinates
- Maintain customer cooperation by being professional and knowledgeable about all interactions with them
- Assist sales in developing an irrigation plan for potential prospects on how new customers can set up an account within the company
- Coordinate setting up escrow, term (contract), or revolving credit arrangements in lieu of immediate cash payments from new customers
- Track customer receivables and contact delinquent debtors to resolve payment or late fee disputes in order to protect the company’s interest.
- Analyze business processes for utility offerings to measure impact on effectiveness, efficiency, revenue and compliance
- Coordinate, plan and execute with accuracy all billing transactions
- Interface with regulatory bodies; prepare governmental submissions; provide reports profiling utility’s compliance status
- Become knowledgeable in utility regulation process and follow progress of regulatory matters from beginning to end
- Ensure adherence to established standards, policies and procedures. Contribute to company initiatives such as continuous improvement enegy efficiency programs. Enhance processes for completeness and timely close out of assigned tasks
- Evaluate rates for certain products, identify opportunities for increasing/decreasing utility revenues as outlined by plans set forth by the Utility Business Development group. Ensure that commitments are met within agreed deadlines
- Make presentations both internally and Externally
Why You Should Choose Billing Manager Job?
If you are looking for a job that is both challenging and rewarding, a billing manager position may be perfect for you. As a billing manager, you will be responsible for ensuring that all bills are paid on time and that the company’s finances are in order. This is a critical role in any business, and it can be very rewarding to see your efforts result in a successful company.
A billing manager position also offers many challenges. You will need to stay up to date on changes in the billing industry, as well as changes in the company’s accounting procedures. You will also need to be able to manage a team of employees and work closely with other members of the management team.
Is the Billing manager a good job?
There is no definitive answer when it comes to whether or not a billing manager is a good job. On the one hand, billing managers have a lot of responsibility and are responsible for ensuring that the company’s finances are in order. On the other hand, billing managers can be overworked and may have to put in long hours. Ultimately, the decision about whether or not a billing manager is a good job depends on the individual’s priorities and what he or she is looking for in a career.
How to handle invoice disputes?
In typical disputes between a company and its customer, the company sends an invoice to the customer. The customer submits payment. However, some customers are reluctant to pay the invoice. The billing manager has to take steps to ensure that the invoice is paid on time and not disputed.
The changing role of billing managers
Billing managers have long been a part of the accounting department, but their position has changed in recent years. The role of billing manager has evolved from one that is mainly administrative, to one that involves a greater degree of managerial activity.
4 Billing Manager Tips for a Seamless Year-End Close
1) Get the Information to Close a Year-End
Be sure that everyone in your organization knows what is needed for the year-end close. It is very easy to forget something that may be important and time-consuming to hunt down. If you are not sure what information is needed, ask your co-workers or the clients. The more people you involve in this process, the smoother it will go.
2. Make Sure that Everyone is on the Same Page
If you have a team of people working in your office, make sure to review what everyone needs to complete their tasks. You do not want someone doing something that is not supposed to be completed until the year-end close. This can create a lot of wasted effort and delay the overall process. It is very important to make sure everyone is aware of the tasks they need to complete in order to close out a year.
3. Do Not Waste Time on Unnecessary Tasks
If someone is doing something that is not required, just send them a quick email to let them know that they are not supposed to be doing this. Get rid of the task and start moving forward with the necessary tasks.
4. Do Not Assume Everyone Has Received Your Emails
Just because you sent an email to the entire department does not mean everyone received it. Even if you included a sticky note with your email, chances are someone may have missed it. If you need to make sure everyone has received your email, simply send out a reminder email to everyone.
In conclusion, billing managers are important to the success of any business. They are responsible for ensuring that the company is getting paid properly and on time. If you are looking for a career that is both challenging and lucrative, then billing management may be the right choice for you.