Financial Data Management Specialist

Abantu Staffing Solutions • Other • East London, Eastern Cape, South Africa • $200 - $300 / year • 6h ago

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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