<div>Head &ndash; Revenue Assurance<br /> Grade VP<br /> LOCATION Malad Mumbai<br /> MAIN PURPOSE OF<br /> JOB</div> <div>Develop and implementing strategies to ensure accurate revenue recognition<br /> and minimize revenue leakage.</div> <div>JOB<br /> RESPONSIBLITIES</div> <div>▪ Leadership and Strategy: Developing and implementing strategies to<br /> enhance revenue collection, reduce leakage, and ensure compliance<br /> with regulatory standards for the Proprietary Channels, encompassing<br /> Agency, Direct Distribution, IM, Partner Office, Bancassurance and CAB.<br /> &bull; Data Analysis: Analyse revenue data to identify trends, anomalies, and<br /> opportunities for improvement. Use data analytics/ predictive analytics<br /> to forecast revenue and support strategic decision-making.<br /> &bull; Lead with data specific models for collections across different<br /> persistency buckets., with geography specific actions.<br /> &bull; Collaboration: Work closely with finance, underwriting, and operations<br /> teams to align processes and improve revenue management.<br /> Collaborate with IT to enhance systems that support revenue assurance<br /> efforts.<br /> &bull; Process Improvement: Identify and mitigate risks related to revenue<br /> leakage through process evaluations. Develop and implement best<br /> practices for revenue assurance processes.<br /> &bull; Risk Management: Performing risk assessments and investigations to<br /> proactively address potential revenue-related issues.<br /> &bull; Regulatory Compliance: Ensure adherence to industry regulations and<br /> internal policies related to revenue recognition. Monitor changes in<br /> regulations and update practices accordingly.<br /> &bull; Reporting: Prepare regular reports for senior management on revenue<br /> assurance metrics and initiatives. Present findings and<br /> recommendations to stakeholders to drive strategic improvements.<br /> &bull; Team Leadership: Lead and mentor the revenue assurance team,<br /> fostering a culture of continuous improvement. Provide training and<br /> support to staff on revenue assurance practices.<br /> QUALIFICATIONS: ▪ Post Graduate from a premium institute<br /> WORK EXPERIENCE<br /> REQUIREMENT:</div> <div>&bull; 15 years&rsquo; experience in life insurance domain with a strong delivery<br /> performance in the renewals and persistency area.<br /> &bull; Leadership and team management<br /> &bull; Critical thinking and problem-solving<br /> &bull; Proficient in financial reporting software and data analytics tools<br /> &bull; Detail-oriented with a strategic mindset</div>