There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

About The Role:  

The Manager, Client Fee Invoicing and Reporting is part of T. Rowe Price’s Controller Group and is primarily responsible for the generation and review of accurate and timely recurring fee calculations and invoicing to support the firm’s Separately Management Account (SMA) clients.  Responsibilities include fee calculations and analysis of related invoices, providing research and guidance on new products, and providing customer service to our internal and external business partners. This position is also responsible for accurate accounting of revenue recorded to our ledger and recording and application of client receipts as it relates to invoicing. 

The T. Rowe Price Controller’s Group is an integral part of the CFO Group and oversees fee calculation and related invoicing and payment activities for client fee arrangements of varying complexity across the firm’s advisory institutional and intermediary services. In addition to delivering excellence in our calculation accounting and reporting responsibilities across T. Rowe Price Group and its global subsidiaries and branches, we collaborate with our business partners to ensure delivery of outstanding quality information to our firm’s clients, global regulatory bodies, and throughout the firm. 

Role Summary 

The Manager will primarily support the end-to-end client fee processes for Separately Managed Accounts. Responsible for the completion of multiple calculation and reporting processes of moderate complexity and other project based or ad hoc assignments, as needed. Responsible for having and maintaining a working understanding of policies, regulations, and drivers that impact SMAs and other firm products. Responsible for the quality, accuracy, and completeness of own work including consistent maintenance, interpretation and use of fee data. Contributes to the achievement of objectives for the assigned accounting process or entity.

Responsibilities

• Supports end-to-end client fee invoicing processes and completes research required to transform data into information for calculation and reporting purposes. Completes moderately complex activities, including processing revenue calculation events and related transactions, reviewing data, management or regulatory reporting, generating client fee invoices and reconciling fee payment activity.




• Assists with continuous improvement activities such as the identification and analysis of exceptions; providing support for audits; completing assignments to support the maintenance of the control environment; fulfilling ad hoc requests in accordance with global, regional, and country-specific accounting, reporting, and process standards; and completing process improvements. May complete special project activities, as assigned.




• With little guidance, gathers, reconciles, and analyzes data to complete fee calculations, performs reconciliations, prepares daily reports, and supports analyses. Ensures accounting for fee calculations across the firm’s legal entities and branches is accurate.




• Gathers, reconciles, and analyzes data to produce client invoices and related reporting; provide excellent customer service to our internal and external business partners.




• Activities are performed accurately, completely, and in a timely manner. Reviews and/or approves invoices and/or reconciliations completed by less experienced professionals. Identifies and escalates issues, as needed. Provides insight and potential ways to resolve the issue, may lead resolution efforts.




• Interprets moderately complex fees schedules and prepares client effective rate and other analyses which provide reporting insights for use in oversight, process improvements or other management reporting or analyses. Collaborates with the other functions within the CFO group on financial reporting and various analyses related to revenues earned by the Group.




• Leads the implementation of financial system modifications to comply with new products, revised reporting, accounting, and accounting process policies, procedures, and more substantial regulatory changes.




• Responsible for identifying and reporting risks, patterns, or recurring issues and working with all necessary stakeholders and technical teams to reach a resolution.




• Participates in assignments across lines of business, legal entities, and geographies that have an impact on new products, internal and external reporting, accounting, and accounting processes as a revenue subject matter expert in order to provide effective financial planning, accounting, and reporting of financial information for the Group, its subsidiaries or branches.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or related field AND 5+ years of experience




• Advanced knowledge of accounting principles and practices and their application to a variety of areas




• Analytical, critical thinking, consultative and strong problem-solving skills and sound judgment;




• Strong interpersonal, written and verbal communication and organizational skills




• Works well independently and in a team environment; comfortable in a matrixed environment; ability to work under pressure to meet deadlines




• Strong Excel skills

Preferred qualifications

• MBA, CPA or CMA Certification




• Financial Services industry experience, including experience in SMA and/or Model products, or RIA channel is a plus




• Experience with advisory contracts, management fee calculations and delivery a plus

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for remote work up to two days a week.

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

• Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions


• Flexible and remote work opportunities


• Health care benefits (medical, dental, vision)


• Tuition assistance


• Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.