Account Management Ops Analyst - Private Bank Client Billing
Dallas, Texas; Addison, Texas
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This job is responsible for moderately complex activities supporting the creation, onboarding, and maintenance of accounts, according to the established guidelines and procedures. Key responsibilities include providing quality service and effective operations support for internal business partners and external clients and assisting in training for less experienced team members. Job expectations include operating with a moderate level of independence, and referring to their team lead or manager for direction and support with moderately complex issues and escalations.
Responsibilities :
- Performs onboarding and maintenance of accounts and reviewing required account documentation.
- Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service
- Reviews and approves required account documentation
- Proactively identifies risk and opportunities for process improvement based on an understanding the work impacts other operational units
- Performs moderate levels of research, follow-up, and resolution of more complex routine research requests
Skills :
Account ManagementCustomer and Client FocusOral CommunicationsResearchAnalytical ThinkingAttention to DetailCollaborationProblem SolvingPrioritizationRecording / Organizing InformationResult OrientationThe Client and Institutional Billing Department's responsibilities include but are not limited to the following :
Supporting Clients enrolled in Merrill Lynch's Investment Advisory Program that offers access to diversified portfolios based on strategic asset allocation ideas designed to address Clients' long term investment goalsProcessing of Investment Manager payments to approximately 200 Third Party Investment Managers comprising of over $840 million for customized investment advisory services to Merrill Lynch ClientsRevenue generation by providing invoicing for over $700 million on an annual basis, receivable reconciliation and revenue reporting for Sub-Accounting and Marketing services as well as Trailing CommissionsRevenue generation by facilitating billing and fees for Merrill Lynch and Private Bank accounts fees including Merrill Lynch's Investment Advisory Program (combined $13 billion)Revenue generation by the creation and distribution of invoices on behalf of Workplace Benefits amounting to over $450 million in fees annuallyThe duties of this particular role include, but are not limited to :
Maintain an awareness of Managed and / or Retirement Product platform changes, enhancements and requirementsMake sure that Department standards are met and that updates are provided to management through either immediate communication and / or weekly highlightsAssist with updates to procedural documentation / process maps, and participate in system testing as neededManage risk by identifying and escalating items appropriatelyParticipate in internal and third-party auditsAbility to research and resolve escalated inquiries from Internal and External Business PartnersLead projects and special assignments as needed for department initiativesA subject matter expert in reconciliation and / or billing processesCollaborative mindset with an ability to build and maintain excellent working relationshipsRequired Skills :
Ability to prioritize and handle multiple job-related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines, and business objectives are metGeneral knowledge of accounting and financial reportingAbility to handle multiple deliverables for either daily processing or expanded strategic initiativesProfessional written and verbal communication skillsDemonstrates attention to detailAn understanding of technology and the ability to incorporate that understanding into process improvementsAbility to work independently while effectively managing and finding resolution to complex situationsCareer oriented teammate seeking to grow within the organization3 years of experience relating to reconciliation, billing, project management, trading, and / or managed products service supportDesired Skills :
Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, Retirement Products, etc.) within an operational settingThis position is currently located at 901 Main Street, Dallas, TX but will relocate to the Addison campus at 16001 N Dallas Parkway in mid 2026. Successful candidate(s) for this role would be required to work in the Main Street location until the move to Addison occurs.
Shift :
1st shift (United States of America)
Hours Per Week : 40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status, or any other factor that is irrelevant to the performance of our teammates.
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.