Head – Revenue Assurance
Grade VP
LOCATION Malad Mumbai
MAIN PURPOSE OF
JOB

Develop and implementing strategies to ensure accurate revenue recognition
and minimize revenue leakage.

JOB
RESPONSIBLITIES

▪ Leadership and Strategy: Developing and implementing strategies to
enhance revenue collection, reduce leakage, and ensure compliance
with regulatory standards for the Proprietary Channels, encompassing
Agency, Direct Distribution, IM, Partner Office, Bancassurance and CAB.
• Data Analysis: Analyse revenue data to identify trends, anomalies, and
opportunities for improvement. Use data analytics/ predictive analytics
to forecast revenue and support strategic decision-making.
• Lead with data specific models for collections across different
persistency buckets., with geography specific actions.
• Collaboration: Work closely with finance, underwriting, and operations
teams to align processes and improve revenue management.
Collaborate with IT to enhance systems that support revenue assurance
efforts.
• Process Improvement: Identify and mitigate risks related to revenue
leakage through process evaluations. Develop and implement best
practices for revenue assurance processes.
• Risk Management: Performing risk assessments and investigations to
proactively address potential revenue-related issues.
• Regulatory Compliance: Ensure adherence to industry regulations and
internal policies related to revenue recognition. Monitor changes in
regulations and update practices accordingly.
• Reporting: Prepare regular reports for senior management on revenue
assurance metrics and initiatives. Present findings and
recommendations to stakeholders to drive strategic improvements.
• Team Leadership: Lead and mentor the revenue assurance team,
fostering a culture of continuous improvement. Provide training and
support to staff on revenue assurance practices.
QUALIFICATIONS: ▪ Post Graduate from a premium institute
WORK EXPERIENCE
REQUIREMENT:

• 15 years’ experience in life insurance domain with a strong delivery
performance in the renewals and persistency area.
• Leadership and team management
• Critical thinking and problem-solving
• Proficient in financial reporting software and data analytics tools
• Detail-oriented with a strategic mindset