Job Overview

The Revenue Assurance and Fraud Management Assistant Manager is responsible for overseeing and managing the organization's efforts in ensuring accurate revenue generation, preventing revenue leakage, and identifying and mitigating fraudulent activities. This role ensures that all processes related to billing, collections, and fraud detection are efficient, compliant, and aligned with business objectives.

This role will work closely with cross-functional teams, including IT, Finance, and Operations, to implement strategies, tools, and best practices that safeguard revenue streams and protect the organization from financial risks and fraudulent activities.

1. Revenue Assurance Management:
   • Oversee the implementation and execution of revenue assurance strategies to ensure accurate billing, invoicing, and collections.
   • Monitor and analyze revenue streams to identify discrepancies, prevent revenue leakage, and optimize revenue-generating processes.
   • Collaborate with cross-functional teams (IT, Finance, Operations) to streamline revenue management systems and ensure proper reconciliation of accounts.
2. Fraud Prevention and Detection:
   • Develop and implement fraud detection and prevention strategies to safeguard the organization’s financial assets.
   • Conduct regular fraud risk assessments to identify potential weaknesses within systems, processes, and transactions.
   • Investigate suspected fraud incidents, gather evidence, and work with relevant teams to resolve issues, ensuring adherence to company policies and regulations/
3. Data Analysis and Reporting:
   • Perform detailed data analysis to detect unusual patterns or anomalies in billing, payments, and usage that could indicate fraud or revenue loss.
   • Generate reports on revenue assurance performance, fraud risk, and the effectiveness of implemented controls to senior management and stakeholders.
   • Maintain a clear audit trail for all revenue assurance and fraud management activities.
4. Process Improvement:
   • Continuously assess existing processes and systems, recommending improvements or new technologies to enhance revenue assurance and fraud management practices.
   • Work closely with IT teams to implement automated tools and systems to monitor, detect, and prevent revenue leakage and fraud.
   • Provide training and awareness programs to internal teams on best practices for fraud prevention and revenue assurance.
5. Compliance and Regulatory Adherence:
   • Ensure that all revenue assurance and fraud management activities comply with legal, regulatory, and internal standards.
   • Stay updated on industry regulations, standards, and best practices in revenue assurance and fraud management.
   • Work with legal and compliance teams to ensure that fraud prevention measures are aligned with the organization's policies and regulatory requirements.
6. Collaboration and Stakeholder Management:
   • Liaise with internal stakeholders across departments to ensure alignment in revenue assurance processes and fraud management efforts.
   • Provide regular updates to senior management regarding trends, issues, and action plans for improving revenue assurance and fraud prevention measures.
   • Manage relationships with external partners or vendors to enhance fraud management solutions and data integration.
7. Risk Management:
   • Identify emerging risks in revenue generation and fraud activities and develop proactive strategies to mitigate them.
   • Monitor and manage the risk exposure related to fraud and revenue discrepancies, ensuring minimal financial impact on the organization.

Education

• Bachelor’s degree in related field such as Accounting, Finance, Information Technology (IT)

• Master's Degree (Preferred, but not mandatory) in a related field such as Business Administration (MBA), Finance, Data Analytics, Risk Management

• Specialized Training (Preferred and some are mandatory): Fraud detection and prevention techniques, Revenue assurance software and tools, Financial analysis and reporting, Data analysis and business intelligence

Experience

• Minimum of 5 years of experience in a relevant field, with at least 2-3 years in a managerial or leadership role within: Revenue Assurance, Fraud Management, Financial Analysis, Risk Management, Internal Auditing
• Experience in the Telecommunications, Financial Services, or Utilities sectors is highly preferred, as these industries often involve complex billing systems and fraud risks.
• Proven track record of implementing and managing revenue assurance processes to prevent revenue leakage, improve billing accuracy, and optimize revenue generation systems.
• Hands-on experience with fraud detection and prevention techniques, including investigating fraud cases, identifying fraudulent patterns, and managing fraud risk assessments.
• Experience with data analysis tools and systems such as: SQL, Excel (advanced), or other data analytics tools, Business Intelligence (BI) tools like Tableau, Power BI, etc., Fraud management software or ERP systems
• Strong experience in cross-functional collaboration with IT, Finance, Operations, and other business units to align revenue assurance and fraud management strategies across the organization.
• Experience in reporting to senior management and stakeholders, providing insights, trends, and actionable recommendations regarding revenue assurance performance and fraud risk management.
• Demonstrated ability to manage projects related to revenue assurance improvements, fraud prevention initiatives, or system migrations to ensure timely delivery and successful implementation.
• Experience in regulatory compliance related to financial reporting, data protection, and anti-fraud regulations.
• Data Analysis and Problem Solving
• Fraud Detection and Risk Management:
• Cross-Functional Collaboration and Stakeholder Management: