Revenue Assurance Officer needed at Association of Chartered Certified Accountants

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Job title : Revenue Assurance Officer

Job Location : Lagos

Deadline : August 09, 2024

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Job Purpose:

  • Revenue assurance is important to identify, analyze, mitigate and prevent revenue leakage through a range of measures.
  • It aims to reduce risks of losses due to errors, negligence, or fraud and ensures that discrepancies are identified and resolved quickly.
  • It helps to identify opportunities to increase revenues and maximize profits. It also involves detecting possible opportunities for cost optimization and streamlining operations.

JOB RESPONSIBILITIES

  • Review of all revenue lines to ensure that all income due to the bank is earned.
  • Ensure the mapping of all asset lines to corresponding income lines are properly done as well as the unbundling of PAL accounts where necessary.
  • Ensure the integrity of revenue-related system-generated entries and GL accounts.
  • Review of settlement activities across all banking channels and payment options
  • Monthly review of interest income, fees, and commission lines to ascertain the completeness and accuracy of recognized income.
  • To work with other stakeholders to recoup income discovered not to have been earned by the bank.
  • Engage with appropriate stakeholders in the automation of any manually recognized income to reduce human errors.
  • Support to the Finance team toward efficient annual audits.
  • Review Interest and Fees earned and ensure compliance with CBN guideline for charges.
  • Monitor accounts on AMC concession and ensure account performance to avoid income leakages.
  • Ensure that revenue lines are up to date with rules and regulations relating to VAT/WHT.
  • Monthly report of revenue assurance activities, observation and recommendations

How to Apply for this Offer

https://www.myjobmag.com/apply-now/753342

  • Accounting / Financial Services jobs