Team Lead, Revenue Assurance

7 days ago


Lagos, Lagos, Nigeria First Bank Full time

DUTIES & RESPONSIBILITIES

  • Daily spooling of General Ledger GL balances of branches and head office departments.
  • Review of the GL pullout of Income & Contingent sub-heads.
  • Performs In-depth Investigation on GL to identify wrong postings, irregular and abnormal balances or accounts with wrong classification.
  • Liaising with branches and departments having abnormal balances in their income & contingent accounts to regularize.
  • Collaborate with internal control department in ensuring that all improper balances in GL are cleared promptly by branches and departments responsible.
  • Preparation and Review of Monthly Income and Expenses trends for input into the revenue assurance MANCO report.
  • Review fixed deposit booked on the system, to ensure there are no unverified system actions preventing roll over and non-interest payment.
  • Review of fixed deposit exception/ recovery report for inclusion in the MANCO paper monthly.
  • Review uncollected management and commitment fees report on a monthly basis for loan and overdraft, to ensure all fees are taken, and approvals obtained where there are waivers.
  • Re-computation of interest income on overdraft, Account maintenance fees, loans, FIP, ROU etc. and charges to ensure completeness of the system in calculating and collecting these fees.
  • Uncollected fees are raised as an exception against the relevant department/unit in the bank for immediate recoup.
  • Development of additional scripts to validate system/user accuracy in collection of other income due the bank.
  • Liaising with branches on reasons for drop/increase in income or correct wrong classification of accounts.
  • Daily/Weekly/Monthly Review of Trial Balance of the bank for trend analysis.
  • Provision of audit requirements for External and Internal Audits
  • Providing explanations on audit queries arising from Statutory Audits.
  • Participate in special projects in the bank e.g. Automation of income, Finacle etc.
  • Perform ad hoc duties as may be required from time to time

JOB REQUIREMENTS

Education

  • Minimum Education: First degree in Applied or Social Sciences, Higher Degree/Professional accounting qualification such as ACCA, ACA, CISA, or its equivalent

Experience

  • Minimum experience: IT proficiency with minimum of three years of relevant banking operations and financial control functions


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