Financial Data Management Specialist - - East London

Job Overview:

The purpose of this role is to maintain accurate and up-to-date financial data, ensuring compliance with internal policies and regulatory requirements as well as overseeing and providing guidance to junior staff members in the finance department.

Minimum Requirements:

Matric/ Grade 12
Bachelor’s degree in finance, Accounting, Business Administration, or related field
Minimum of 3-5 years’ experience in finance, accounting, or data management roles
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 Dynamic 365), Microsoft Excel, and database management tools

Responsibilities:

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

Key Skills and Competencies:

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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