Project Assistant - Economics

November 10, 2024
Click here to apply for this job.
Who We Are

FTI Consulting is the world's leading expert-driven consulting firm. Over the last 40 years, FTI Consulting experts have served as the trusted advisor to Fortune 500 companies and the world's leading law and private equity firms when they are facing their greatest opportunities and challenges. Our strong performance and continued success are a direct reflection of the ambition, energy, and commitment of our talented professionals across the globe to make a positive impact for our clients and communities.

At FTI Consulting, you'll be inspired and empowered to make an impact on headline matters that change history. Working side by side with the world's leading experts in your field, you'll be surrounded by an open collaborative culture that embraces diversity, recognition, professional development and most importantly, you.

Are you ready to make an impact?

What You'll Do

Work closely with engagement leaders and managers throughout the project lifecycle with primary objectives to:

1. Reduce Days Sales Outstanding (DSO)

2. Insure timely, accurate and professional invoices are sent to clients

3. Reduce the amount of time billable professionals spend on project management administrative tasks

Matter Setup
  • Insure:
    • Retention agreement terms are captured accurately in CRM and Financial systems (e.g., rates, time & materials vs fixed fee, admin fee)
    • Necessary approvals are documented and archived (e.g., exception rate approvals)
    • Necessary information for billing is documented (e.g., client contact info, e-billing system and/or client requirements like inclusion of expense receipts)
    • Information necessary for revenue recognition is archived
    • Communication to engagement team re narrative formatting, unique client requirements (e.g., pre-approval for expenses exceeding threshold; pre-approval for use of contractors, use of client travel agent); set up required task codes
    • Clarity of responsibility for payment to FTI and allocation if multiple payors
  • • Assist with new matter entry for conflict checking and matter opening/revenue attribution as requested

Prepare and Send Invoice to Client
  • Invoice retainer consistent with retention agreement
  • Insure accuracy of data in proforma/draft invoice, e.g.:
    • Invoiced rates are consistent with retention agreement
    • Exception rates requested by engagement leadership are accurately reflected
    • Contractor/vendor invoices are valued correctly and posted accurately
    • Tax calculation is accurate where applicable
  • Insure compliance with clients' e-billing systems and Master Service Agreement or other client-driven terms and conditions; troubleshoot e-billing system to insure invoice acceptance
  • Insure necessary client notice has been provided when rate increases are effected
  • Edit narratives for spelling, grammar, consistency with narrative guidelines
  • Employ appropriate formatting and insure professional presentation
  • Send draft invoice in format requested by engagement leader
  • Process write downs/ups as required, with proper approval
  • Input invoice edits
  • Finalize/send invoice to client, including e-billing system as applicable, with engagement leader approval
  • Monitor bouncebacks and troubleshoot
  • Archive all directions/approvals required for control/audit purposes in engagement folder on server

Ongoing Project Management
  • Insure receipt of retainers billed
  • Track project scope and budget and apprise engagement leaders of status
  • Review aging WIP and A/R; prompt billing and collection; follow up as requested with counsel/clients directly for timely collection
  • Insure necessary information is documented on contractor invoices prior to submission to Finance
  • Prompt engagement leader to determine whether annual rate increases will be applied to matters; insure communication to client as necessary
  • Review application of payments to matters for accuracy
  • Provide input to engagement leader regarding risk assessment and proposed adjustments - e.g., reserving WIP or A/R over budget; collection risk; recommending allocation of billing adjustments by region/segment
  • Apply retainer to last invoice, refund any credit balances, and close matter

Additional Duties
  • Additional duties as required

How You'll Grow

We are committed to investing and supporting you in your professional development and we have developed a range of programs focused on fostering leadership, growth and development opportunities. We aim to promote continuous learning and individual skills development through on-the-job learning, self-guided professional development courses and certifications. You'll be assigned a dedicated coach to mentor, guide and support you through regular coaching sessions and serve as an advocate for your professional growth.

As you progress through your career at FTI Consulting, we offer tailored programs for critical professional milestones to ensure you are prepared and empowered to take on your next role.

What You Will Need to Succeed

Skills Required
  • Excellent communication skills, including verbal and written
  • Attention to detail
  • Good working knowledge of PC and network environment, word processing, database and spreadsheet software (MS Office preferred)
  • Basic budget management skills
  • Good interpersonal skills, including being a team player with capacity to work with diverse team members
  • Organizational skills, including ability to prioritize
  • Flexibility - ability to work under tight deadlines; ability to handle multiple tasks through prioritization and time management skills
  • Proficiency with Salesforce, Unit4, and Carpe Diem is a plus

Education/Experience Requirements
  • Associate college degree or commensurate work experience

Our Benefits

Our goal is to support the well-being of you and your families-physically, emotionally, and financially. We offer comprehensive benefits such as the following:

  • Competitive total compensation, including bonus earning potential
  • Full package of benefits plans, including medical, dental, and vision coverage along with life and disability insurance
  • Generous paid time off and holidays
  • Company matched 401(k) retirement savings plan
  • Potential for flexible work arrangements
  • Generous paid parental leave with available planning tools, virtual expert coaching services and flex return support
  • Family care benefits, including back-up child/elder care
  • Employee wellness platform
  • Employee recognition programs
  • Paid time off for volunteering in your community
  • Corporate matching for charitable donations most important to you
  • Make an impact in our communities through company sponsored pro bono work
  • Professional development and certification programs
  • Free in-office snacks and drinks
  • Free smartphone and cellular plan (if applicable)
  • FTI Perks & Discounts at retailers and businesses
  • Upscale offices close to public transportation

About FTI Consulting

FTI Consulting is a global business advisory firm dedicated to helping clients with their most significant opportunities and challenges. With more than 8,000 employees located in 33 countries and territories, our broad and diverse bench of award-winning experts advise their clients when they are facing their most significant opportunities and challenges. At FTI Consulting, we embrace, cultivate and maintain a culture of diversity, inclusion & belonging, which are fundamental components to our core values. FTI Consulting is publicly traded on the New York Stock Exchange and has been recognized as one of the World's Best Management Consulting Firms by Forbes. For more information, visit www.fticonsulting.com and connect with us on Instagram and LinkedIn .

FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation .

Compensation Disclosure : Actual compensation is determined based on a wide array of relevant factors including market considerations, business needs, and an individual's location, skills, level of experience, and qualifications.