Financial Data Management Specialist

6 months ago

East London, South Africa Staff Solutions Full time

Opportunity Available Our leading client in the FMCG Sector is looking to employ a Financial Data Management Specialist to join their team in East London.

**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.
- Bachelor’s 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.

For more information please contact:
**Bridgette Groep

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