Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.
We are recruiting to fill the position below:
Job Title: Revenue Assurance Officer
Location: Lagos
Job Type: Full Time
Job Summary
- 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.
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
Qualifications and Skills
- Minimum BSc Finance, Accounting or related Social Science course
- Solid knowledge of fundamental accounting principles
- Ability to write advanced SQL and analyze large data sets.
- Ability to use data analysis tools – ACL, Power BI etc.
- Microsoft Office (Word, Excel, Outlook and PowerPoint)
- Analytical mind, able to process information logically delivering value added analysis.
- Excellent communication (both verbal and written) and interpersonal skills.
- Independent self-starter and flexible team player
- People Management Skills
- Strong willed, high integrity, Intelligent, hard working.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Application Closing Date
Not Specified.