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: 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.

Application Closing Date
Not Specified.