Senior Associate - Revenue Assurance

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Job Description

Identify Revenue Leakage:

• Identify areas where the business is losing money due to incorrect billing, missed charges, fraud, or poor internal practices. This could involve checking discrepancies between the services provided and the revenue collected.

Analyze Data:

• Use data analysis tools to examine financial and operational data, uncovering trends or patterns that suggest underlying problems with revenue collection or business practices. Identifying the root causes of issues is a key aspect.

Create Reports:

• Summarize findings in comprehensive reports. These reports often include insights into what caused revenue loss and provide actionable recommendations for improvements or solutions to address those issues.

Monitor Systems:

• Constantly monitor the business s data streams, billing systems, and transaction logs for signs of anomalies, errors, or fraudulent activity. Preventative measures are key here to address potential issues before they result in significant losses.

Compare Costs and Income:

• Evaluate the profitability of individual products or services by comparing the associated income with the costs. This allows the company to spot areas where revenue could be optimized and where efficiency can be improved.

Manage Controls:

• Put in place controls to prevent issues such as incorrect returns or refunds, ensuring they are processed correctly and preventing any potential abuse that could lead to revenue loss.

Analyze Business Risk:

• Perform risk assessments to understand potential threats to the company s revenue stream, both internal and external. This includes evaluating market conditions, compliance risks, and technological vulnerabilities that could lead to revenue leakage.

Create Rules:

• Develop rules or thresholds within fraud detection systems to automatically trigger alerts in case of suspicious or potentially fraudulent activity. This helps in proactively addressing risks before they escalate.

Perform Reconciliations:

• Regularly conduct reconciliations between financial records, transactions, and system logs to ensure that everything aligns accurately. This helps identify any discrepancies and allows for quick resolutions before they impact overall revenue.

Skills Required:

• Strong analytical skills and attention to detail
• Proficiency in data analysis and reconciliation
• Knowledge of financial systems, billing platforms, and fraud detection mechanisms
• Problem-solving abilities and a proactive approach to identifying potential revenue issues
• Communication skills for preparing reports and collaborating with other teams

This role is essential in ensuring a companys revenue is fully optimized and protected from losses caused by fraud, errors, or inefficiencies.

Additional Information

Work Location: Gurgaon

We are an equal-opportunity employer that does not discriminate on the basis of any legally protected status.

Please note, AI is used as part of the application process.