Revenue Assurance Officer at Wema Bank Plc

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: Ikeja, 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.
• Worked to ensure that the mapping of all asset lines to corresponding income lines are properly done as well as the unbundling of PAL accounts where necessary.
• Ensured the integrity of revenue-related system-generated entries and GL accounts.
• Daily 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.
• Scripted and executed SQL queries to be used in business data analytics.
• To work with other stakeholders to recoup income discovered not to have been earned by the bank.
• 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
• Engaged with appropriate stakeholders in the automation of any manually recognized income to reduce human errors.
• Rendered support to the Finance team toward efficient annual audits.

Requirements

• Minimum of B.Sc 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. 

Benefits

• Healthcare
• Staff Gym
• Creche 
• Parental Leave (Paternity and Maternity)
• Year-End Bonus (13th month)
• Company Events
• Competitive Pay
• Leave Allowance

Application Closing Date
10th November, 2023.