Develop and enforce data governance policies and procedures for financial master data
Establish data standards, definitions, and processes to ensure consistency across all entities.
Collaborate with cross-functional teams to align data management practices with business needs.
2. Data Quality Management:
Lead efforts to monitor and improve the quality of financial master data, including accuracy, completeness, and timeliness.
Implement data validation and cleansing processes to detect and correct data anomalies.
Conduct regular audits to ensure data integrity across all financial systems.
3. Master Data Maintenance
Oversee the creation, update, and deactivation of master data records, including vendor, customer, and product data.
Ensure that all master data changes are properly documented and approved according to established protocols.
Manage the data lifecycle to support business operations and financial reporting requirements
4. System and Process Improvement
Identify opportunities to enhance master data management processes and tools, driving automation and efficiency.
Collaborate with IT to implement system enhancements, upgrades, or new data management solutions.
Lead projects related to the integration of new systems or business acquisitions, ensuring seamless data integration.
5. Team Leadership:
Manage a team of master data analysts, providing guidance, training, and development opportunities.
Foster a culture of data accuracy, attention to detail, and continuous improvement within the team.
Coordinate with other departments to ensure the alignment of data management activities with broader business goals.
6. Compliance and Reporting:
Ensure compliance with internal controls, and external regulatory standards related to financial data.
Prepare and present reports on data management activities, data quality metrics, and improvement initiatives to senior management.
Serve as the primary point of contact for internal and external audits related to financial master data.
7. Stakeholder Engagement:
Act as the liaison between the accounting department and other business units, ensuring that master data supports operational and strategic objectives.
Communicate effectively with stakeholders to address data-related issues and drive data-driven decision-making.
Provide training and support to end-users on data management policies, tools, and best practices.
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Job Requirement
II. REQUIREMENTS
- Bachelor’s degree in Accounting, Finance, Information Systems, or a related field. A Master’s degree or relevant certification (e.g., CPA, CMA, PMP) is preferred.
Skills
- Leadership Skills: Proven experience in leading teams, managing projects, and driving process improvements.
- Communication Skills: Strong verbal and written communication skills, with the ability to present complex data issues to non-technical audiences.
- Analytical Skills: Strong problem-solving abilities and attention to detail, with the capability to analyze data and provide actionable insights.
- Strong communication and interpersonal skills, with the ability to manage relationships with banks and financial institutions.
III. Experience
At least 7-10 years of experience in data management, accounting, or finance, with a strong focus on master data governance and quality.
Proficiency in ERP systems (e.g., SAP, Oracle), data management tools, and Excel. Familiarity with data analysis and reporting software
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