Revenue Assurance Specialist

Purpose of Job

Jobholders at this level carry out specific tasks independently but are subject to close supervision. They research, collect and analyze information, draft reports and documents, participate in specific meetings and develop their own professional expertise. They undertake simple operational activities including monitoring revenue operations, and reporting back any technical/ operational issues. In addition of updating related activities through the digital channels, and documenting and archiving all activities based on set standards.

Job Responsibilites

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
  
  
  

Job Details

Communication and Contacs

Eductaion

Bachelor’s degree in Finance & Accounting or equivalent is required

Experience

1 year of relevant experience

Competencies

Communication - Developing

Policy Making - Developing

Professionalism - Developing

Project Management - Developing

Results Oriented - Developing

Research Methodologies and Principles - Developing

Strategic and Business Planning - Developing

Customer Focus - Developing

Data Analytics - Developing

Change Enabler - Developing