Revenue Assurance Lead Specialist

Purpose of Job

Job Resposiblites

Job Details

Revenue Assurance Planning

•    Develop and update dashboards, tools, frameworks, and requirements to ensure systematic detection of ZATCA’s revenues
•    Review operations’ processes to develop/update oversight controls for all revenue generating streams in different functions to minimize revenue leakages
•    Develop financial metrics and KPIs for ZATCA’s tax and customs’ revenues to assist the financial committee in the decision making process
•    Collect related documents and data and handle documentation and archiving activities based on set standards
•    Update revenue assurance related activities through digital channels

Revenue Assurance Assessments and Oversight

 •    Consolidate, sort and analyze revenue data related to Zakat, Tax and Customs operational streams (ZAKT, CIT , WHTX , VAT, ETAX, REET, COM, etc. ) to develop the periodical revenue report (daily, weekly, monthly, quarterly, and annually) and submit reports and figures for approval
•    Compile and analyze refund operations data sets to examine trends and correlations and to submit recommendations to deductions’ budget allocations
•    Identify and forecast projections for revenue offset charges and bad debt to serve as input for the annual budgeting process planning
•    Perform ongoing RA reviews on operations, analyze results and trends, and develop assessments’ reports highlighting revenue performance results
•    Monitor dashboards related to budgeting, P&L, etc. to perform related variance analysis and develop related status reports  
•    Develop assessment models and simulations following ministerial, managerial, etc. to measure financial impact on ZATCA’s revenues
•    Develop revenue assessments’ models and simulations as compared to outstanding debt, un-submitted declarations, clearing and settlements, etc. to measure financial impact and recommend improvements
•    Meet with business units to develop and validate revenue reports and dashboards and provide guidance and support on revenue models and data analysis
•    Report back any technical/ operational issues that arise and might affect revenues to ensure high-quality standards of operations
•    Develop reports highlighting shortcomings in controls to estimate the revenue leakage and suggest corrective measures 
•    Develop reports highlighting the profitability of the differing streams of operational units; analyze margins and metrics across divisions and submit recommendations to drive improved performance
•    Develop periodical reports on revenue performance and submit it to Operations Vice Governor for review and recommendations

Organization and Operations

•    Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
•    Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner
•    Escalate complex problems to the relevant person to ensure cases/issues are closed properly
•    Perform other duties as requested

People Management

•    Train junior staff on the different job activities to ensure transfer of know-how, when applicable
 

Communication and Contacs

Education

•  Bachelor’s degree in Finance & Accounting, or equivalent is required 
•  Master’s degree in Finance & Accounting, or equivalent is preferred

Experience

An optimal of 8 years of relevant experience, with a preferred 3 years of experience in managerial level

Competencies