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For Companies At a Glance
- Tasks: Analyse data, review contracts, and reconcile orders to ensure financial accuracy.
- Company: Join a dynamic team focused on optimising revenue streams and enhancing business processes.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make a real impact by identifying discrepancies and improving financial strategies.
- Qualifications: No specific experience required; just a keen eye for detail and a passion for analysis.
- Other info: This is a contract role, perfect for students looking to gain valuable experience.
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 opportunity.
- 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.
Reconciliation Analyst (Contract) employer: Response Informatics
Contact Detail:
Response Informatics Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reconciliation Analyst (Contract)
✨Tip Number 1
Familiarise yourself with common reconciliation processes and tools. Understanding the software and methodologies used in data analysis will give you an edge during discussions with our team.
✨Tip Number 2
Brush up on your stakeholder management skills. Being able to effectively communicate findings and recommendations to senior stakeholders is crucial, so practice articulating complex information clearly.
✨Tip Number 3
Network with professionals in the finance and reconciliation field. Engaging with others can provide insights into industry best practices and may even lead to referrals or recommendations.
✨Tip Number 4
Prepare for potential case studies or practical assessments during the interview process. We often look for candidates who can demonstrate their analytical skills through real-world scenarios.
We think you need these skills to ace Reconciliation Analyst (Contract)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in data analysis, contract reviews, and reconciliation processes. Use specific examples that demonstrate your ability to identify discrepancies and improve revenue management.
Craft a Strong Cover Letter: In your cover letter, emphasise your understanding of risk management and stakeholder engagement. Mention how your previous experiences align with the responsibilities outlined in the job description, particularly in producing findings reports and implementing strategies.
Showcase Analytical Skills: Provide concrete examples of how you've successfully performed data analysis or resolved financial discrepancies in past roles. Highlight any tools or methodologies you used to achieve results, as this will resonate well with the hiring team.
Prepare for Potential Questions: Anticipate questions related to your experience with cost vs revenue mapping and exception validation. Be ready to discuss specific scenarios where you identified risks or improved processes, as this will demonstrate your suitability for the role.
How to prepare for a job interview at Response Informatics
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Reconciliation Analyst does. Familiarise yourself with data analysis, cost vs revenue mapping, and the importance of stakeholder management. This will help you answer questions confidently and demonstrate your knowledge.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to revenue discrepancies or contract reviews. Prepare examples from your past experience where you've successfully identified issues and implemented solutions. This will showcase your problem-solving skills and analytical thinking.
✨Showcase Your Communication Skills
As this role involves working with various departments and presenting findings to senior stakeholders, it's crucial to demonstrate your communication abilities. Practice explaining complex concepts in simple terms and be ready to discuss how you would handle stakeholder interactions.
✨Research the Company’s Financial Practices
Take some time to understand the company's financial practices and any recent news related to their revenue management. This knowledge can help you tailor your answers and show that you're genuinely interested in contributing to their success.
