Company Description
Vialto Partners is a market leader in global mobility services. Our purpose is to Connect the world. We are unique in being the only stand-alone global mobility business — a position that offers a rare opportunity for our clients, stakeholders, and colleagues.Our teams help companies streamline and effectively manage their global mobility programs in a cost-efficient and compliant manner. Our services focus on providing cross-border compliance and risk assessment for tax, immigration, business travel, rewards and compensation, and remote work.Working at Vialto Partners means being part of a global and dynamic team. With over 6,500 staff across more than 50 countries, we work with clients from a wide range of industries and geographies. We believe inconnecting the world and empowering our colleagues to grow through international opportunities that develop their skills and bring value to our clients.At Vialto, we thrive in a culture of belonging where everyone can contribute and grow. We encourage our people to bring their authentic selves to work and share their unique talents and perspectives tomake a positive impact.To learn more, tune in to our podcast On the Move and follow us on LinkedIn and Instagram.A revenue assurance job plays a critical role in safeguarding a business's financial health. The role involves a combination of analytical skills, technical knowledge, and problem-solving to prevent and mitigate revenue loss, and ensure that the company is not losing money due to inefficiencies, errors, or fraud.
Identify Revenue Leakage:
- Identify areas where the business is losing money due to incorrect billing, missed charges, fraud, or poor internal practices. This could involve checking discrepancies between the services provided and the revenue collected.
Analyze Data
- Use data analysis tools to examine financial and operational data, uncovering trends or patterns that suggest underlying problems with revenue collection or business practices. Identifying the root causes of issues is a key aspect.
Create Reports
- Summarize findings in comprehensive reports. These reports often include insights into what caused revenue loss and provide actionable recommendations for improvements or solutions to address those issues.
Monitor Systems
- Constantly monitor the business’s data streams, billing systems, and transaction logs for signs of anomalies, errors, or fraudulent activity. Preventative measures are key here to address potential issues before they result in significant losses.
Compare Costs And Income
- Evaluate the profitability of individual products or services by comparing the associated income with the costs. This allows the company to spot areas where revenue could be optimized and where efficiency can be improved.
Manage Controls
- Put in place controls to prevent issues such as incorrect returns or refunds, ensuring they are processed correctly and preventing any potential abuse that could lead to revenue loss.
Analyze Business Risk
- Perform risk assessments to understand potential threats to the company’s revenue stream, both internal and external. This includes evaluating market conditions, compliance risks, and technological vulnerabilities that could lead to revenue leakage.
Create Rules
- Develop rules or thresholds within fraud detection systems to automatically trigger alerts in case of suspicious or potentially fraudulent activity. This helps in proactively addressing risks before they escalate.
Perform Reconciliations
- Regularly conduct reconciliations between financial records, transactions, and system logs to ensure that everything aligns accurately. This helps identify any discrepancies and allows for quick resolutions before they impact overall revenue.
Skills Required
- Strong analytical skills and attention to detail
- Proficiency in data analysis and reconciliation
- Knowledge of financial systems, billing platforms, and fraud detection mechanisms
- Problem-solving abilities and a proactive approach to identifying potential revenue issues
- Communication skills for preparing reports and collaborating with other teams
This role is essential in ensuring a company's revenue is fully optimized and protected from losses caused by fraud, errors, or inefficiencies.
Qualifications And Experience
Degree in Finance, Accounting, Business Administration, Data Analytics, or a related field.Data Analysis: Proficiency in analyzing financial and operational data to uncover trends and root causes.Revenue Management: Expertise in identifying and addressing revenue leakage through monitoring and controls.Reporting: Ability to create comprehensive reports with actionable insights.Risk Assessment: Experience in evaluating business risks and implementing preventive measures.Fraud Detection: Skills in developing rules and thresholds for fraud detection systems.
Additional Information
Work location
-
Gurgaon/ In officeWe are an equal opportunity employer that does not discriminate on the basis of any legally protected status.Please note, AI is used as part of the application process.
