Job Description
Job Objectives
- The Revenue Assurance Officer is responsible for performing audits and reviews focused on ensuring the accuracy, completeness, and integrity of the organization’s revenue processes.
- The role supports the audit function by identifying areas of revenue leakage, control weaknesses, and non-compliance, while recommending corrective actions to enhance revenue performance and financial reliability.
- The incumbent collaborates with Finance, Operations, IT, and Commercial teams to strengthen controls and optimize revenue management.
Duties & Responsibilities
- Monthly Review, analysis and production of report on revenue assurance and leakages over fee income/settlement and operations covering ATM Fee recomputation (MASTERCARD & VISA Transaction), POS-PTSP fee Income recomputation, Terminal Deployment income recognition and all other Income lines.
- Verify the accuracy of revenue recognition, ensuring compliance with accounting and regulatory standards.
- Conduct revenue assurance audits and reviews across billing, invoicing, collections, and reporting processes.
- Confirm accuracy, adequacy, completeness and prompt settlement of merchant(s) vis-à-vis the approved transactions in line with the terms of engagement.
- Identify potential revenue leakages or discrepancies and recommend remediation measures.
- Review contracts, service agreements, and pricing structures to confirm correct billing and revenue treatment.
- Perform data analysis using audit tools (e.g., Excel, ACL, IDEA, Power BI) to detect anomalies and revenue inconsistencies.
- Review system configurations (billing systems, ERP, CRM, POS, etc.) for accuracy and alignment with approved business rules.
- Support automation initiatives to enhance audit testing and data integrity.
- Ensure compliance with internal revenue policies, IFRS/GAAP standards, and regulatory requirements.
Requirements
- Education: Bachelor’s Degree in Accounting, Finance, Economics, or related fields
- Professional certification (or progress toward) ACA, ACCA, CPA, CIA, or CISA preferred.
- Minimum of 5 years’ experience in internal audit, risk management, or revenue assurance roles.
- Strong knowledge of revenue processes, internal controls, and audit methodologies.
- Experience with ERP systems (SAP, Oracle, etc.) and billing platforms is an advantage.
Key Skills / Competencies:
- Strong analytical and problem-solving skills.
- Attention to detail and commitment to accuracy.
- Sound understanding of audit procedures and control frameworks.
- Proficiency in data analytics tools (Excel, ACL, Power BI, SQL, etc.).
- Good communication and report-writing skills.
- High ethical standards, integrity, and professionalism.