CONTRACT BILLING MANAGER

CONTRACT BILLING MANAGER

1.      Contract Management: Overseeing all aspects of contract billing processes, including the creation, negotiation, execution, and management of contracts with clients, vendors, and subcontractors.

2.      Billing Process: Developing and implementing efficient billing processes and procedures to ensure accurate and timely invoicing for services rendered or products delivered. This involves reviewing contracts to understand billing requirements, generating invoices, and verifying billing accuracy.

3.      Revenue Recognition: Ensuring compliance with revenue recognition principles and accounting standards such as ASC 606 (or its equivalent), particularly for long-term contracts or projects with multiple deliverables.

4.      Customer and Vendor Relations: Serving as the primary point of contact for billing inquiries and addressing any billing-related issues or disputes from clients, vendors, or subcontractors. Building and maintaining positive relationships with stakeholders to facilitate smooth billing operations.

5.      Financial Analysis: Analyzing billing data and financial reports to identify trends, variances, and opportunities for improvement. Providing insights to management on revenue performance, billing efficiency, and potential risks.

6.      Collections Management: Monitoring accounts receivable aging and implementing collection strategies to ensure timely payment of invoices. Working closely with the finance team to reconcile payments and resolve discrepancies.

7.      Compliance and Regulatory Requirements: Staying updated on relevant regulations, contractual obligations, and industry standards related to billing and revenue recognition. Ensuring compliance with legal and regulatory requirements, as well as internal policies and procedures.

8.      Process Improvement: Identifying opportunities to streamline billing processes, enhance efficiency, and reduce billing errors. Implementing best practices and automation tools to optimize billing operations and minimize manual intervention.

9.      Training and Development: Providing guidance and training to billing staff on billing policies, procedures, and systems. Ensuring that team members have the necessary skills and knowledge to perform their roles effectively.

10.   Reporting and Documentation: Generating regular reports and documentation on billing activities, revenue performance, and billing metrics. Presenting findings to senior management and stakeholders to support decision-making and strategic planning.

Overall, the role of a Contract Billing Manager in a real estate company is essential for ensuring accurate and efficient billing processes, maintaining positive relationships with clients and vendors, and supporting financial performance and compliance objectives.