Financial Data Management Specialist

3 weeks ago

East london, South Africa Adzuna ZA B C2 Full time
Job Description:

Data Management:
  • Maintain accurate financial records, including accounts receivable, payable, and general ledger entries.
  • Ensure timely and accurate processing of financial transactions, including invoices, payments, and journal entries.
  • Regularly reconcile financial data to identify discrepancies and resolve issues promptly.
  • Develop and implement standardized processes for data entry, validation, and documentation.

Master Data Maintenance:
  • Update and maintain master data records, including vendor and customer information, pricing structures, and payment terms.
  • Conduct regular audits of master data files to ensure completeness, accuracy, and consistency.
  • Collaborate with stakeholders to address any discrepancies or issues related to master data.

Reporting and Analysis:
  • Analyse financial data to identify trends, variances, and opportunities for improvement.
  • Provide insights and recommendations to management based on financial analysis and performance metrics.


Process Improvement:
  • Identify areas for process improvement and efficiency gains in financial data management.
  • Implement best practices and procedures to enhance data quality, accuracy, and reliability.
  • Collaborate with cross-functional teams to develop and implement system enhancements or automation initiatives

Compliance and Risk Management:
  • Ensure compliance with internal policies, accounting standards, and regulatory requirements.
  • Proactively identify and mitigate risks related to financial data integrity and accuracy.
  • Stay informed about changes in regulations and industry standards impacting financial reporting and data management.

Staff Management:
  • Provide guidance and support to junior staff members in the finance department.
  • Delegate tasks effectively, ensuring timely completion and adherence to quality standards.
  • Facilitate training and development opportunities to enhance the skills and knowledge of staff.


Job Requirements:

  • Minimum of 3-5 years experience in finance, accounting, or data management roles.
  • Bachelors degree in finance, Accounting, Business Administration, or related field, would be preferable.
  • Previous debtors / creditors management experience is beneficial with preferred exposure to the retail industry.
  • Proficiency in financial software and systems, such as ERP systems (e.g., SAP, NetSuite Oracle 365), Microsoft Excel, and database management tools.
  • Good understanding of financial principles and accounting practices.
  • Excellent analytical and problem-solving skills, with a keen attention to detail.
  • Effective communication and interpersonal skills, with the ability to collaborate across departments and levels of the organization.
  • Proven ability to work independently, prioritize tasks, and meet deadlines in a fast paced environment.
  • Proven ability to manage and motivate a team.
  • Excellent organisational skills.

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