Director, Revenue & Rebate Accountant

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Director, Revenue & Rebate Accountant

Business Unit: Corporate Accounting (Global Revenue & AUM Team)

Location: Charlotte, NC

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

We are seeking an experienced Revenue & Rebate Accounting professional to join the Global Revenue and AUM team. This role will take ownership of key revenue billing, rebate, accounting close, control, and reporting activities across multiple legal entities, with responsibility for ensuring accuracy, timeliness, auditability, and continuous improvement across the end-to-end process.

The role is suited to an experienced candidate who can operate with autonomy, apply strong technical accounting judgement, review and challenge complex fee and AUM calculations, and partner effectively with senior stakeholders across Finance, Technology, Risk, Compliance, Client Services, and Investment Operations.

In addition to managing recurring revenue and rebate deliverables, the role will be expected to lead process improvement, strengthen controls, maintain robust documentation, and help drive further automation across the team using tools such as Excel, Power Query, Power BI, SQL, workflow solutions, and emerging AI-enabled capabilities.

This is a hands-on senior individual contributor role requiring ownership, judgement, technical depth, and the ability to influence across functions.

Primary Responsibilities

• Revenue Billing & Invoicing: Manage all aspects of the fee billing process, including preparing and issuing client fee invoices (management fees, performance fees, etc.) and ensuring timely debtor follow-ups. Oversee the calculation and posting of month-end revenue accruals and related journal entries for multiple legal entities, ensuring accuracy and compliance with accounting standards.
• Rebate Management: Lead the calculation, review, governance, and processing of rebates to intermediaries or clients with precision and timeliness. Maintain rebate schedules, ensure payments are made promptly and accurately, and confirm that rebate calculations align with contractual terms and fee agreements. Act as a key contact for resolving any fee or rebate-related inquiries from internal teams or external partners.
• Financial Analysis & Complex Calculations: Review, challenge, and explain complex fee calculations and AUM movements. Validate revenue share calculations, management fee computations, and AUM flow reconciliations for accuracy. Investigate and explain variances in revenue and AUM reports, ensuring that results are well-reasoned and any discrepancies are addressed promptly.
• Journal Entries & Accounting Close: Own and oversee all aspects of journal entries related to revenue recognition and fee accruals, including routine monthly entries and adjusting entries required for revenue corrections. Ensure all entries are appropriately documented and posted into the General Ledger (Workday) in line with the financial close timetable. Reconcile revenue accounts and verify that revenue and rebate transactions are correctly recorded to support accurate financial statements.
• Process Improvement & Automation: Lead initiatives to streamline and automate finance processes to reduce manual work and improve accuracy. This includes leveraging tools such as advanced Excel, Power Query, Power BI, or SQL databases for data processing and reporting, as well as exploring the use of AI or advanced analytics to enhance efficiency in data reconciliation and report generation. For example, the team has implemented automated AUM and revenue reporting solutions (Power BI dashboards and an upgraded revenue management system) to replace manual spreadsheets. The role will be required to continue driving such innovation.
• Systems Management (Envestnet & Data Feeds): Act as a key finance owner and senior business user of the revenue management systems (Envestnet Revenue Manager) to ensure data integrity and effective operation of billing processes. Regularly maintain static data in these systems (such as fee rates, client details, and mappings) so that system configurations remain accurate and up to date. Monitor data feeds (from internal systems like Aladdin, Portfolio Central, eFront, Workday, Client Services and other internal sources) for completeness, troubleshoot feed issues, and coordinate with Technology teams to resolve any data integration problems.
• Documentation & Control: Develop and update comprehensive process documentation, including process flows, checklists, and standard operating procedures for revenue and rebate tasks. Ensure that all key activities (fee billing, rebate processing, AUM reporting, journal postings, etc.) have robust internal controls and audit trails in place. Continually enhance controls and audit checks to maintain high data quality and compliance with internal policies and external regulations. Act as an owner of the control environment for assigned processes, ensuring that reconciliations, approvals, evidence, issue logs, and change documentation are maintained to a standard suitable for internal review, external audit, and management oversight.
• Cross-Functional Collaboration: Work closely with a variety of teams across the firm – such as Financial Accounting, Investor Relations, Technology (IT), Risk, and Compliance – to deliver firm-wide initiatives, resolve data issues, and support management reporting needs. Collaborate with IT and product vendors during system upgrades or new system implementations (Envestnet Revenue Manager, ITDB, Workday), providing finance requirements, testing changes, and ensuring smooth transitions with minimal disruption to reporting.
• Continuous Learning & Support: Maintain awareness of relevant tools, systems, and best practices in financial reporting, data management, and automation. Provide technical guidance, review, coaching, and escalation support to junior colleagues and offshore or cross-functional partners, even where formal line management is not required. Support cross-training and knowledge-sharing across the Revenue & AUM team to strengthen coverage, resilience, and business continuity during peak periods or absences.

Qualifications

• Education & Background: Bachelor’s degree in Accounting, Finance, Mathematics, or a related field preferred. Strong technical accounting foundation, with the ability to apply judgement to revenue recognition, accruals, reconciliations, adjustments, and financial statement impacts.
• Professional Experience: Significant relevant experience, typically 7+ years, in finance, accounting, revenue, billing, financial reporting, asset management, or a related control environment. Experience with fee billing, revenue accounting, investment management fees, rebates, or AUM reporting is highly advantageous. The candidate should have experience preparing journal entries and performing account reconciliations in an enterprise General Ledger system (Workday).
• Technical Skills: Advanced proficiency in Microsoft Excel, including data analysis, tables, and complex formulas. Experience with data tools such as Power Query and SQL databases for handling large datasets and building reports is strongly preferred. Familiarity with business intelligence tools (e.g., Power BI, Amazon QuickSight) to create dashboards or perform data analysis is a plus. Hands-on experience with revenue management systems (such as Envestnet Revenue Manager) or similar financial accounting software is highly valued.
• Analytical & Problem-Solving Abilities: Exceptional analytical skills with the ability to review and validate complex financial calculations and large datasets for accuracy. A methodical approach to troubleshooting data discrepancies and resolving process issues is required. The candidate should exercise judgement in identifying issues that require escalation, challenging inconsistent or incomplete data, and recommending practical solutions that balance accuracy, control, and operational efficiency. Attention to detail and a commitment to accuracy are critical, given the financial impact of revenue and AUM reporting.
• Communication & Collaboration: Excellent written and verbal communication skills. Ability to work effectively with cross-functional teams and to liaise with technical experts, auditors, and senior finance stakeholders. The candidate should be adept at translating technical or data-related issues to non-technical colleagues and building strong working relationships across the firm.
• Initiative & Adaptability: A self-starter with a proactive mindset toward process improvement and innovation. Able to embrace new technologies – including emerging analytics and AI tools – to automate manual processes and improve efficiency. Demonstrated ability to adapt to system changes or upgrades (for example, supporting major system conversions or implementing new software) will be beneficial. The team environment is dynamic, so the ability to manage multiple priorities and adjust to evolving business needs is important.
• Demonstrated ability to take ownership of unfamiliar or complex areas, build subject matter expertise quickly, and drive issues through to resolution.
• Professional Certification: Accounting qualification or certification, such as CPA, ACCA, CIMA, ACA, or equivalent, is strongly preferred, or significant progress toward such certification. This signifies a solid grasp of accounting principles and professional standards.
• Industry Experience: Experience in the asset management or financial services industry, particularly in roles dealing with fee billing, investment management fees, rebates, or AUM reporting, is highly desirable. Familiarity with industry-specific concepts (e.g., Assets Under Management reporting metrics, fund accounting, client fee arrangements) will enable the candidate to more quickly assume key duties.
• Systems & Tools: Direct working experience with Barings’ financial systems (e.g., Envestnet Revenue Manager, Revport, Workday Financials, Aladdin etc.) would be an advantage, as it reduces the learning curve. Exposure to data visualization or reporting tools such as Power BI or Amazon QuickSight is a plus, reflecting the team’s move toward enhanced data analytics and reporting dashboards.
• Process Improvement Track Record: A demonstrated history of streamlining processes or implementing automation in a previous role (for example, developing macros, workflows, or leveraging AI-driven solutions to eliminate manual tasks) is a plus. This aligns with the team’s continuous improvement philosophy and the expectation to build on an established foundation of controls and efficiency.

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Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

 OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program