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Business Analyst - Global Billing Operations, Assistant Vice President

Who we are looking forGlobal Billing Operations (GBO) produces invoices for State Street clients across the globe on an extensive range of products and services. In this role, you will provide support and oversight to assigned clients by effectively interacting with Client Services, Relationship Management and GBO team members. Responsibilities include providing regular update meetings, billing status and metrics, working through change management processes, coordinating billing initiatives with the GBO billing production teams, and escalating effectively to ensure billing continues timely. Understanding how to effectively manage Client Services and Relationship Management requests by providing appropriate and timely messaging and follow-through is critical to the individual’s success in this role.Why this role is important to usIn addition, the Billing Transformation Program (BTP) within Global Billing Operations (GBO) is a strategic initiative within the corporation impacting every business unit and geography.The Business Analyst role will support fee schedule conversion events from legacy billing platforms to the new Oracle Revenue Management Billing (ORMB) platform for IS Americas clients. The successful candidate must be a team player, results oriented and willing to assist and lead in resolving reconciliation related initiatives, analyze fee schedule billable items and support internal communication routines.Education & Preferred Qualifications• Seven plus years’ experience in the financial services industry• Provide outstanding service through collaboration, communicate effectively within immediate team, Client Service/Relationship Management, and GBO billing production teams.• Ability to solve problems, develop alternative approaches, and resolve conflicts.• Provide proactive communication and collaboration with business teams to analyze information needs, service levels, and functional requirements, as required.• Take ownership and initiative, ensuring accuracy and quality in all deliverables.• Develop, model, and analyze business processes. Assist the business in identifying ways to maximize operational efficiencies, quality, and compliance.• Assist with test planning, prepare documentation to support test execution. Engage business in test events and conversion validation processes.• Proficiency in PC based software and communication facilities (Windows, MS Word, PowerPoint, Excel, SharePoint, Outlook etc.)• Interaction Management Tool (IMT)Experience and Skills - Desired• Experience and exposure reviewing fee schedules, billing processes, billing solutions implementations and Invoice Distribution.• Experience in conversion and migration activities involving client deliverables and processes.• Engagement in data conversion mapping and testing preferred.• Understanding of the Financial Services and banking industries preferred• Bachelor’s degreeAbout State StreetWhat we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.Discover more at StateStreet.com/careersSalary Range:$80,000 - $132,500 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.Job Application Disclosure:It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.State Street's Speak Up Line
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What You Should Know About Business Analyst - Global Billing Operations, Assistant Vice President, State Street

Are you ready to take your career to the next level? State Street is searching for a talented Business Analyst in Global Billing Operations for our Boston, MA office. In this pivotal role, you will engage with clients and internal teams to ensure our billing processes run smoothly and efficiently. You'll play a crucial part in overseeing billing production, managing client communications, facilitating change management, and coordinating billing initiatives. Our ideal candidate has a knack for problem-solving, and a strong foundation in financial services, and is passionate about delivering excellent service. With your expertise, you will help transition clients from legacy billing systems to the advanced Oracle Revenue Management Billing platform, ensuring a seamless experience throughout. As part of our dynamic team, collaboration is key, and your proactive approach will help foster strong relationships with Client Services and Relationship Management teams. You’ll not only analyze fee schedules and offer support during reconciliation but also engage actively in testing and validation processes. At State Street, we believe in empowering our employees and providing a supportive environment where you can thrive both professionally and personally. Join us as we continue to make a significant impact in the financial services world—your journey starts here!

Frequently Asked Questions (FAQs) for Business Analyst - Global Billing Operations, Assistant Vice President Role at State Street
What are the responsibilities of a Business Analyst - Global Billing Operations at State Street?

As a Business Analyst in Global Billing Operations at State Street, your core responsibilities include managing client billing processes, facilitating communication among teams, and working on fee schedule conversions to the Oracle Revenue Management Billing system. You'll provide updates, analyze billing metrics, and ensure efficient change management while collaborating with Client Services and Relationship Management, all to enhance the client experience.

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What qualifications do I need to become a Business Analyst - Global Billing Operations at State Street?

To qualify for the Business Analyst - Global Billing Operations role at State Street, you should have seven or more years of experience in the financial services industry, superior communication skills, and a strong ability to problem-solve. Familiarity with billing processes, conversions, and proficiency in various software such as MS Office and SharePoint will also play a critical role in your success.

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How does the Business Analyst role support the Billing Transformation Program at State Street?

The Business Analyst role is instrumental in supporting the Billing Transformation Program at State Street by managing fee schedule conversion events from outdated billing systems to the new Oracle Revenue Management Billing platform. This crucial transition not only impacts numerous teams but also enhances the overall efficiency of billing operations across different business units.

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What kind of projects will I work on as a Business Analyst - Global Billing Operations at State Street?

As a Business Analyst in Global Billing Operations at State Street, you'll be engaged in projects that involve billing process improvements, analyzing fee schedules, and performing data validation during system migrations. You will work closely with both internal teams and clients to enhance transparency and streamline billing functions, all while ensuring top-notch service is delivered.

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What career development opportunities are available for Business Analysts at State Street?

At State Street, Business Analysts can expect a range of career development opportunities, including access to comprehensive training programs, mentorship from seasoned professionals, and support for ongoing education. Our commitment to fostering talent and promoting from within encourages growth and advancement in a dynamic work environment.

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Common Interview Questions for Business Analyst - Global Billing Operations, Assistant Vice President
What experience do you have in managing billing processes?

When discussing your experience managing billing processes, be specific about the systems you've used and the types of projects you've worked on. Highlight your problem-solving abilities and any times you've streamlined operations or resolved conflicts while ensuring excellent client service.

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Can you describe your experience with fee schedules?

In your response, detail the kind of fee schedules you’ve worked with and your role in reviewing or implementing them. Discuss how you analyze fee structures for compliance and efficiency and how this has positively impacted the billing operations you’ve been part of.

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How do you ensure effective communication with clients and teams?

Effective communication is essential in this role. Share examples of how you've established clear communication channels with teams or clients, ensuring everyone is informed and aligned. Emphasize your proactive communication approach and any tools you've used for consistent updates.

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What strategies do you use for problem-solving related to billing discrepancies?

When tackling billing discrepancies, it's critical to have a systematic approach. Discuss how you identify issues, coordinate with teams, and utilize data analysis to find solutions. Share past experiences where your strategies led to successful resolutions.

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How familiar are you with the Oracle Revenue Management Billing platform?

Discuss any exposure you have had to Oracle Revenue Management Billing or similar platforms. Mention specific tasks you’ve performed, your understanding of its functionalities, and how you adapted to learn new systems quickly for the benefit of your team and clients.

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How do you prioritize tasks when managing multiple billing clients?

Share your strategies for time management and prioritization. Explain how you assess tasks based on client needs, deadlines, and operational importance, ensuring that stress is minimized while maintaining high-quality service.

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Can you explain your experience with change management processes?

Describe your role in previous change management initiatives, focusing on how you facilitated adaptations for clients and your team. Highlight your proactive communication and collaboration with stakeholders to ensure seamless transitions.

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How do you handle feedback from clients regarding billing issues?

Discuss your approach to receiving and incorporating client feedback. Highlight how you maintain a positive attitude and use feedback as an opportunity to improve processes, thereby enhancing client relationships.

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What tools or software have you used in your previous business analyst roles?

In your answer, enumerate the specific tools and software you have experience with, especially those relevant to billing operations such as MS Excel, SharePoint, or particular revenue management systems. Discuss how these tools have aided you in analyzing data and improving processes.

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What are your long-term career goals as a Business Analyst?

Outline your aspirations within the financial services sector, discussing how you see the Business Analyst role fitting into your career trajectory. Emphasize your eagerness to evolve and contribute to transformations in billing operations and broader organizational objectives.

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At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...

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Full-time, on-site
DATE POSTED
December 16, 2024

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