Vacancy

Financial Management Data Specialist

Reference:

KREL - FMDS

Job Title:

Financial Management Data Specialist

Job Level:

Senior

Job Type:

Permanent

Job Location (Province):

Eastern Cape

City/ Town:

East Londoon

Salary:

Undisclosed basic salary

Salary Frequency:

Per Month

Salary From:

R30 000

Salary To:

R40 000

Industry:

Manufacturing

Job Details

Job Description:

Purpose of the role:
• 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 Qualification:
• Bachelor’s degree in finance, Accounting, Business Administration, or related field,
would be preferable.

Minimum Experience, Knowledge & Skills:
• 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.
• 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.

Key Responsibilities but not limited to:
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.

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