Revenue & Concession Audit Associate Role

The Revenue Audit & Concession Audit Associate will be responsible for conducting a comprehensive review of the institution’s fee collection processes, revenue controls, student ledger reconciliations, and management concession approvals. The role involves transaction-level verification, data reconciliation between multiple systems (ERP, Fee Portal, Tally, and Bank), and identification of revenue leakages or control gaps.

This role is critical to ensuring accuracy, completeness, and transparency in student fee accounting and institutional revenue reporting.

Key Responsibilities
A. Revenue Audit
1. Obtain and verify student-wise and receipt-wise data from Fee Portal, ERP, Tally, and Bank statements.
2. Perform four-year retrospective reconciliation of fee receipts, adjustments, reversals, and outstanding balances.
3. Match system receipts with bank credits to identify timing differences, unposted receipts, or omissions.
4. Review fee structure uploaded in ERP against approved fee circulars.
5. Verify the correctness of receipt sequencing and investigate duplicate, cancelled, or back-dated receipts.
6. Identify potential revenue leakage scenarios such as:
a. unrecorded receipts
b. manual adjustments
c. unsupported waivers
d. system-to-Tally mismatch
e. delayed posting or unlinked transactions
7. Prepare reconciliation schedules, variance statements, and supporting audit documentation.

B. Concession & Scholarship Audit
1. Verify management concessions, scholarships, fee waivers, and special approvals granted to current students.
2. Review supporting documents including approval notes, emails, concession policies, and eligibility criteria.
3. Validate concession entries in ERP/Tally and ensure correct mapping to fee heads.
4. Ensure all concessions are authorized within the delegation of authority structure.
5. Prepare a comprehensive concession register with discrepancies and exceptions.

C. Data & System Review
1. Work closely with the institution’s admissions, accounts, and ERP teams to obtain accurate datasets.
2. Analyze fee data for trends, anomalies, and potential audit flags.
3. Assist in mapping fee heads, student categories, and payment modes across systems.

D. Documentation & Reporting
1. Maintain proper working papers as per audit standards.
2. Prepare daily/weekly progress reports for the Audit Manager.
3. Draft observations and findings for inclusion in the final audit report.
4. Support the Engagement Lead in meetings with client management.

B.COM Graduate with experience or CA Inter with Articleship experience in Tally and fluent in Advance Excel is required.

Looking for people based on Bengaluru and willing to travel to Banerghatta Road ocassionally.