Vice President, Advisory Billing, Performance & Data Reconciliation

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At LPL, people leaders hold the key to the employee experience — shaping culture, driving performance, and guiding individuals to new heights. Because when that happens, we all win – clients, LPL, and most importantly our, employees.

If you're ready to lead with intention and discover what’s possible, LPL Financial invites you to apply today.

Job Overview

The Vice President, Advisory Billing, Performance & Data Reconciliation is a senior operations leader responsible for the end-to-end governance, execution, and transformation of advisory fee billing, portfolio accounting, investment performance, and data reconciliation functions. This role combines previously separate leadership portfolios into a single, integrated operating model, ensuring data integrity, billing accuracy, risk management, and scalable processing across millions of advisory accounts.

Reporting to the Head of Client Compensation (or equivalent), this leader serves as a general manager with deep operational, technical, and people leadership expertise, accountable for both business-as-usual execution and strategic evolution. The VP will oversee functions supporting approximately 2.4 million advisory accounts, with data and processes that directly impact client fees, advisor compensation, financial reporting, and regulatory compliance.

This role requires balancing highly technical portfolio and performance data reconciliation with time-sensitive advisory billing operations, while fostering a culture of engagement, accountability, and continuous improvement. The VP will act as a key partner to Technology, Product, Risk, Compliance, Finance, and Advisor Services to ensure operational resilience and forward-looking capability.

We are seeking a strategic, hands-on leader who thrives in complex environments where accuracy, accountability, and scale matter. The ideal candidate is client-focused, risk-aware, and passionate about building high-performing teams while modernizing operations that sit at the heart of the advisor and client experience.

Responsibilities

Enterprise Leadership & People Management

• Lead and inspire a multi-layered organization of 65+ associates, including Assistant Vice Presidents, Managers, highly skilled technical staff, and processing teams

• Create a highly engaged culture focused on ownership, learning, and continuous improvement, ensuring retention and development of critical technical talent

• Set clear performance expectations, define success metrics, and build succession plans for key roles

• Serve as a visible and credible leader during periods of change, transformation, and regulatory or business-driven demand spikes

Advisory Billing & Compensation Operations

• Own the end-to-end advisory fee billing lifecycle, ensuring accuracy, timeliness, scalability, and transparency for clients and advisors

• Drive operational strategy to improve billing efficiency, automation, and cost-to-serve, while maintaining a strong control environment

• Partner with Compensation, Finance, and Advisor Services to support new fee models, billing features, and advisor growth initiatives

• Ensure seamless execution of month-end, quarter-end, and year-end close activities associated with billing and compensation

Performance, Portfolio Accounting & Data Reconciliation

• Oversee investment performance and portfolio accounting data reconciliation across millions of accounts, including security master, pricing, and transactional data

• Lead initiatives to increase the frequency, accuracy, and coverage of reconciliations (e.g., progressing toward monthly reconciliation for all applicable accounts)

• Ensure deep subject matter leadership across complex asset classes, corporate actions, and transaction accounting

• Maintain strong downstream data integrity to support billing, reporting, and advisor-facing performance tools

Risk Management, Controls & Governance

• Maintain ownership and oversight of key operational and data risk controls, ensuring compliance with internal standards and regulatory expectations

• Proactively identify operational, data, and client risk; implement mitigation strategies and escalation protocols

• Partner closely with Risk, Compliance, Audit, and Legal on control testing, issue remediation, and regulatory responses

• Ensure procedures, documentation, and audit artifacts are current, accurate, and consistently followed

Strategy, Transformation & Continuous Improvement

• Define and execute the future-state operating model for advisory billing and performance/data reconciliation

• Establish and automate key performance indicators (KPIs), quality controls, and capacity metrics for BAU and steady-state operations

• Drive Lean / Six Sigma-based process improvements to reduce manual effort, drive straight-through processing, and improve resiliency

• Lead business requirement development, prioritization, and execution in partnership with Technology and Product, balancing scope, budget, and resource constraints

• Serve as a senior change leader for platform migrations, system enhancements, and new product launches impacting billing or performance data

What are we looking for?

Requirements

• 8+ years of financial services experience, with significant leadership responsibility in operations, data, billing, performance, or portfolio accounting

• Success leading large, complex teams with both technical and processing functions

• Understanding of advisory fee billing, compensation models, and downstream financial impacts

• Experience managing investment performance data, portfolio accounting, and reconciliation processes

• Ability to lead enterprise initiatives, influence senior stakeholders, and execute through ambiguity

• SIE & Series 99 (or industry equivalent), or ability to obtain within required timeframe

Core Competencies

• Advanced analytical and problem-solving skills with exceptional attention to detail

• Expertise in investment transaction accounting and reconciliation, including corporate actions

• Knowledge of investment products (mutual funds, equities, fixed income, options, annuities, etc.)

• Understanding of Agile and project management methodologies within complex systems environments

• Executive-level communication and presentation skills, including the ability to translate technical concepts for senior leadership

• Ability to manage competing priorities, tight deadlines, and high-risk deliverables in a fast-paced environment

• Working knowledge of Microsoft Office tools (Word, Outlook, PowerPoint, Visio)

 

Pay Range:

$115,051.00 - $191,683.00

 

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

EAC 5.19.26