UP® otherwise known as Unified Payment Services Limited is Nigeria’s premier Payments & Financial Technology company founded in 1997 by a consortium of leading Nigerian banks. UP® operates as a shared infrastructure for the banking community in Nigeria and Payments Service Provider within and outside Nigeria, with a vision to be the most preferred e-payment service provider in Africa.Job Objectives
The Head, Revenue Assurance is responsible for providing independent assurance that all revenue-related processes, systems, and controls across the organization are efficient, accurate, and compliant with internal policies and regulatory standards.
The role focuses on identifying revenue leakages, assessing the adequacy of revenue controls, and recommending improvements to strengthen financial integrity and operational efficiency.
The incumbent will lead revenue-focused audit engagements and collaborate closely with Finance and Accounts, Operations, IT teams and other stakeholders to ensure transparent and reliable revenue reporting.
Duties & / Responsibilities
Lead and execute audits and reviews focused on revenue generation, recognition, billing, and collection processes. ▪ Verify the accuracy and completeness of receivables vis-à-vis collections, Scheme Receivables – Amount due to UP as licensed Acquirer for both domestic and international transactions (Visa, MasterCard, Amex, CUP, Payattitude, and others).
Verify the completeness and accuracy of file generated on approved transactions processed for local settlement and secondary settlement.
Quality checks to forestall duplicate or incomplete submission of clearing files to the different schemes in specified formats and within defined time windows for each scheme
Identify revenue leakages, control gaps, and process inefficiencies; recommend and monitor corrective actions.
Assess compliance with internal revenue policies, accounting standards (IFRS, GAAP), and regulatory requirements.
Monitor revenue risks and emerging control issues that may impact financial reporting accuracy.
Ensure audit recommendations are implemented effectively and within agreed timelines.
Review revenue-related systems (billing, ERP, POS, etc.) for data integrity and control effectiveness.
Collaborate with IT Audit to ensure system configurations support accurate revenue capture and reporting.
Requirements
Education:
Bachelor’s Degree in Accounting, Finance, Economics, or related field.
Professional certification required: ACA, ACCA, CPA, CISA, CIA, or equivalent.
Experience:
Minimum of 10 years relevant experience, with at least 5 years in audit leadership roles focused on revenue assurance, risk management, or financial controls.
Experience in banking, telecommunications, insurance, utilities, or large corporate audit environments preferred.
Strong understanding of revenue recognition principles, internal controls, and riskbased auditing methodologies.
Proven ability to use audit management and data analytics tools (e.g., ACL, IDEA, Power BI, SQL).