Financial Data Management Specialist

SUMMARY:
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.

POSITION INFO:
Job Description:

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.

• 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.

• Analyse financial data to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to management based on financial analysis and performance metrics.

• 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

• 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.

• 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.

• 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.