Accounts Receivable Manager

Career Opportunities with Parallel Advisors

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Careers At Parallel Advisors

Current job opportunities are posted here as they become available.

The Accounts Receivable Manager will be joining a fast-growing, independent Registered Investment Advisory firm with a culture of entrepreneurship, education, and collaboration. This role will report to the Director of Finance. This role will lead and oversee all accounts receivable and client billing functions, with a primary focus on advisory fee billing, collections, and revenue reporting. This role requires deep familiarity with billing practices, strong internal controls, and the ability to collaborate closely with cross‑functional teams and stakeholders.

The Accounts Receivable Manager will oversee investment management client billing, as well as billing and collections for our various Advisor Services. We will leverage the Manager’s expertise to help us standardize and scale billing systems as we grow.

This is a hybrid role based out of our San Francisco office HQ.

• Manage quarterly client and advisor billing processes, including preparation, execution, reconciliation, and adjustments
• Oversee fee calculations, error resolution, client rebates, and account closures to ensure accurate and timely billing
• Coordinate fee collection with our vendor partners
• Partner with advisors to ensure timely fee collection and resolution of outstanding balances

• Serve as a primary point of contact for advisors regarding billing inquiries, discrepancies, and fee‑related issues
• Collaborate with cross‑functional teams and external partners to resolve billing and revenue matters

• Prepare and review billing, revenue, and advisor‑level reports, including fee audits and P&L requests
• Support external audits and regulatory reporting requirements
• Partner with Finance leadership on firmwide and board‑level reporting

• Design, implement, and optimize scalable billing and invoicing processes, including evaluating and leveraging technology solutions
• Maintain and enhance billing systems to support accuracy, consistency, and growth

• Communicate proactively with Finance, Payroll, and Operations to ensure accurate revenue recognition and downstream processing
• Act as a trusted liaison between advisors and internal teams on billing‑related matters

• Bachelor’s Degree in Finance or Accounting preferred or equivalent work experience
• 8+ years of work experience in revenue collection
• Experience leading large‑scale projects and working with high‑performing teams
• Demonstrated expertise in using technology and driving adoption of new technologies
• Advanced Excel Skills (VLOOKUP, Pivot Tables, Advanced Formula Understanding)
• High level of autonomy and in‑depth industry expertise
• Ability to ask questions and make recommendations
• Previous RIA or other financial institution and accounting experience a plus

• Salary based upon experience
• Opportunity for a discretionary, semi‑annual incentive award
• Benefits including health care, dental, vision, and 401(k) plans
• Opportunity for support of professional accreditation and continuing education requirements and other professional development
• Parallel Advisors is a fast‑growing, independent, Registered Investment Advisory firm. We are headquartered in San Francisco CA and have offices in Arizona, Colorado, Hawaii, Michigan, Ohio, and Texas
• To enhance our clients’ futures, we seek to know where they are today and where they want to be tomorrow. That means understanding not only their assets, such as concentrated stock holdings, real estate, and earning potential but also their aspirations, including their future financial goals
• With this information in‑hand, we chart, assess, and evaluate different scenarios based upon their unique objectives, risk tolerances, and time horizons. From this insight, we build a financial framework from which all our recommendations – including savings directives, insurance requirements, and investment strategies – flow. This framework provides a repeatable, measurable way to make objective decisions as to how to allocate their assets now and into their future
• We offer our clients an open array of investment solutions, fee‑based, and independent of any proprietary platforms
• At Parallel, we combine the best advisors and industry‑leading technology in collaborative partnership to offer our clients an extraordinary experience
• Parallel Advisors, LLC is an Equal Opportunity Employer