Financial Data Management Specialist

Job Title: Finance Data Manager

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 Qualifications:

• 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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