Business Performance and Revenue Assurance Manager- EIB – ()
Description
Role Overview
EIB is seeking a dynamic and experienced Business Performance and Revenue Assurance Manager responsible for tracking, analyzing, and reporting key performance metrics to guide decision-making, drive operational excellence, and maximize returns on investments. The role holder will also lead in the design, implementation, and optimization of revenue assurance frameworks.
This strategic role ensures the integrity and accuracy of the bank’s revenue streams, identifying and mitigating revenue leakage, and optimizing revenue generation processes.
Job Responsibilities/ Accountabilities
1. Financial Analysis and Reporting
• Conduct detailed financial analysis to support strategic decision-making.
• Prepare and present financial reports, including variance analysis, to senior management.
• Monitor and analyze key financial metrics to identify trends, risks, and opportunities.
• Develop scalable, innovative approaches to extracting, managing and analyzing data.
2. Performance Monitoring
• Develop and track key performance indicators (KPIs) to measure the financial performance of the bank’s wealth and asset management products.
• Analyze financial data to identify trends, risks, and opportunities for improvement.
• Provide insights and recommendations to enhance financial performance and achieve business objectives.
3. Revenue Assurance Strategy and Monitoring
• Develop and execute the bank’s revenue assurance strategy, aligning it with organizational goals.
• Establish and implement robust controls to monitor, validate, and optimize all revenue streams.
• Create frameworks to prevent revenue leakage across subsidiaries and partner ecosystems.
• Conduct regular analysis of revenue streams to identify discrepancies, trends, and potential areas of revenue leakage.
• Develop and implement revenue assurance routines and frameworks to review and attest revenue lines.
4. Process, Risk Management and Compliance
• Identify revenue-related risks, such as fraud, errors, or system inefficiencies, and implement mitigation strategies.
• Ensure compliance with internal controls, regulatory requirements, and audit standards.
• Collaborate with risk management teams to address financial vulnerabilities.
• Collaborate with operations and other departments to implement process changes that prevent revenue leakage.
• Proactively seek opportunities to automate, simplify and standardize systems, procedures and processes.
5. Budgeting and Forecasting
• Assist in the development and implementation of budgeting and forecasting processes.
• Monitor budget performance and provide regular updates to management on budget variances and corrective actions.
• Implement budgetary controls to ensure adherence to approved budgets.
6. Technology Utilization
• Leverage advanced financial planning and analysis (FP&A) tools and technology to improve the efficiency and accuracy of financial processes and enhance revenue assurance processes.
• Utilize systems such as SQL, Oracle, and PowerBI for data extraction, analysis, and reporting.
• Explore and integrate new technologies to improve revenue assurance capabilities.
7. Stakeholder Engagement
• Build and maintain strong relationships with key stakeholders, including finance, operations, and IT departments.
• Communicate effectively with stakeholders to ensure alignment on revenue assurance objectives and initiatives.
• Provide training and support to staff on revenue assurance practices and procedures.
Qualifications
Required Skills/Competencies
• Analytical Thinking: Ability to derive actionable insights from complex data sets.
• Attention to Detail: Precision in tracking and reporting performance metrics.
• Problem-Solving: Creative approaches to improve underperforming areas.
• Communication Skills: Strong written and verbal skills to present insights clearly.
• Collaboration: Proactive engagement with cross-functional teams and external stakeholders.
• Technological Proficiency: Familiarity with leveraging technology for advanced analytics.
Required Qualifications/Experience
• Bachelor’s degree in Finance, Accounting, Business, or a related field.
• Minimum of 4 years of experience in finance, with a focus on business performance analysis, revenue assurance, or related roles, preferably in investment banking or wealth management sector.
• Professional qualifications such as CPA, ACCA, CIMA, CFA, CISI are an added advantage.
• Strong knowledge of financial planning, budgeting, forecasting, and performance analysis principles.
• Proven experience in financial modelling, forecasting, and analysis.
• Proficiency in using financial planning and analysis software and tools.
