RESPONSIBILITY
Master Data Governance:
Collaborate with cross- functional teams to align data management practices with business needs.
Develop and enforce data governance policies and procedures for financial master data
Establish data standards, definitions, and processes to ensure consistency across all entities.
Data Quality Management:
Conduct regular audits to ensure data integrity across all financial systems.
Implement data validation and cleansing processes to detect and correct data anomalies.
Lead efforts to monitor and improve the quality of financial master data, including accuracy, completeness, and timeliness.
Master Data Maintenance
Manage the data lifecycle to support business operations and financial reporting requirements
Ensure that all master data changes are properly documented and approved according to established protocols.
Oversee the creation, update, and deactivation of master data records, including vendor, customer, and product data.
System and Process Improvement
Collaborate with IT to implement system enhancements, upgrades, or new data management solutions.
Identify opportunities to enhance master data management processes and tools, driving automation and efficiency.
Lead projects related to the integration of new systems or business acquisitions, ensuring seamless data integration.
Team Leadership:
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.
Manage a team of master data analysts, providing guidance, training, and development opportunities.
Compliance and Reporting:
Serve as the primary point of contact for internal and external audits related to financial master data.
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.
Stakeholder Engagement:
Act as the liaison between the accounting department and other business units, ensuring that master data supports operational and strategic objectives.
Provide training and support to end- users on data management policies, tools, and best practices.
Communicate effectively with stakeholders to address data- related issues and drive data- driven decision- making.
