Financial Data Management Specialist - Eastern Cape, East London - East London
Abantu Staffing Solutions
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 Desired Skills: Creditors Data Management Debtors Finance Reporting Risk Management
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