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For Companies At a Glance
- Tasks: Analyse data, review contracts, and manage risks to optimise revenue.
- Company: Join a dynamic team focused on financial accuracy and improvement.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact by identifying revenue opportunities and enhancing processes.
- Qualifications: No specific experience required; just a passion for analysis and problem-solving.
- Other info: Collaborate with various departments and present findings to senior stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
Roles & Responsibilities
- Data Analysis
- Enterprise customer contract reviews
- Cost Vs Revenue mapping
- Order Vs Billed reconciliation
- Exception Validation & Recovery with Business team
- Risk Management
- Stakeholder management
Job Brief:
- Perform detailed analysis of revenue streams to identify discrepancies and opportunities for improvement.
- Review customer contracts and processes to provide cost & revenue savings opportunities.
- Identify and mitigate risks associated with revenue leakage and financial discrepancies.
- Review commercial agreements & schedules along with change log to find any gaps and address them for closure.
- Production of findings reports that deliver key findings, recommendations, and present to senior stakeholders.
- Develop and implement strategies to improve the accuracy and timeliness of revenue management processes.
- Meet the agreed targets and fast track the completion process.
- Work with various departments (e.g., Billing, commercial management, Business team) to resolve revenue-related issues and implement best practices.
Contract Assurance Analyst (, , United Kingdom) employer: Response Informatics
Contact Detail:
Response Informatics Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Contract Assurance Analyst (, , United Kingdom)
✨Tip Number 1
Familiarise yourself with data analysis tools and techniques that are commonly used in contract assurance. Being able to demonstrate your proficiency in software like Excel, SQL, or data visualisation tools can set you apart from other candidates.
✨Tip Number 2
Understand the key elements of revenue management and risk mitigation strategies. Research common pitfalls in revenue leakage and be prepared to discuss how you would identify and address these issues in your role.
✨Tip Number 3
Network with professionals in the field of contract assurance and revenue management. Engaging with industry groups on platforms like LinkedIn can provide insights into best practices and may even lead to referrals.
✨Tip Number 4
Prepare to showcase your stakeholder management skills. Think of examples where you've successfully communicated findings or recommendations to senior stakeholders, as this will be crucial in your role at StudySmarter.
We think you need these skills to ace Contract Assurance Analyst (, , United Kingdom)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in data analysis, contract reviews, and risk management. Use specific examples that demonstrate your ability to identify discrepancies and improve processes.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and explain how your skills align with the responsibilities outlined in the job description. Mention your experience with stakeholder management and revenue analysis.
Showcase Analytical Skills: Provide concrete examples of past projects where you performed detailed analysis or reconciliations. Highlight any tools or methodologies you used to achieve successful outcomes.
Prepare for Potential Questions: Think about how you would address common interview questions related to risk management and revenue leakage. Be ready to discuss your approach to problem-solving and collaboration with different departments.
How to prepare for a job interview at Response Informatics
✨Showcase Your Analytical Skills
As a Contract Assurance Analyst, your ability to analyse data is crucial. Be prepared to discuss specific examples of how you've successfully identified discrepancies or opportunities for improvement in previous roles.
✨Understand Revenue Management Processes
Familiarise yourself with revenue management concepts and practices. Be ready to explain how you would approach cost vs revenue mapping and order vs billed reconciliation, as these are key responsibilities of the role.
✨Prepare for Stakeholder Engagement
Since stakeholder management is part of the job, think about how you can effectively communicate findings and recommendations. Practice articulating complex information clearly and concisely, as you'll need to present to senior stakeholders.
✨Demonstrate Risk Management Awareness
Be prepared to discuss how you would identify and mitigate risks associated with revenue leakage. Share any relevant experiences where you've successfully managed risks in financial contexts, as this will show your capability in handling potential issues.
