Team Lead, Revenue Assurance at First Bank

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