I. RESPONSIBILITY

1. Master Data Governance:

• 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

• 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.