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 an