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Master Data Manager

Basking Ridge, NJ 07920

Posted: 06/14/2024 Employment Type: Contract Job Category: Accounting & Finance Job Number: 608833 Is job remote?: No Country: United States

Job Description

Target Pay Rate: 45-55/hr **salary will be commensurate with experience 

Job Description:

This role will ensure the timely, accurate set up of financial master data within SAP and Planful, with adherence to all required controls. This includes assessing impacts to reports, templates, and other tools as a result of a master data change and proactively driving corrective action where needed.

This individual will be accountable for the data accuracy and ensuring all necessary changes are successfully implemented and communicated to all the stakeholders. They will manage and ensure the accuracy and overall integrity of all Financial Master Data elements. This position will be responsible to maintain policies and procedures related to the Financial Master Data processes to ensure appropriate and accurate data is recorded into the various financial systems.

Responsibilities include:

Master Data

Responsible for reviewing and updating financial master data in the various financial systems (SAP, Planful). Understanding the Financial processes and procedures underlying the system master data hierarchy is essential. Impact of inaccurate data in the system will cause significant issues.

Accountable for accurate processing of all financial master data maintenance including: Vendors, G/L Accounts, Cost Centers, Profit Centers, Cost Elements, Projects, WBS elements, and other financial master data and related data. Accurately perform internal controls over the set up and change of master data and maintain evidence to support actions Develop and implement all reporting requirements concerning Master Data Participate in initiatives to design and implement process automations

Data Governance Monitor, verify, and audit compliance of data with data standards

Document data and metrics definitions, maintain and update business rules and calculations, analyze and improve data quality.

Identify deficiencies in systems, applications, data stores, and processes that create and change data and thus may introduce or create data quality problems for plan and forecast data.

Assess impacts to reports, templates, and other tools as a result of a master data change and proactively driving corrective action where needed.

Run designated reports weekly/bi-weekly/monthly that will support analytics, data accuracy, metrics, reporting, etc.

Identify gaps between current capabilities and new requirements.

Recommendation system and process improvements and manage projects to implement changes. Data Quality

Reconcile inputs and of data across source systems and other related reports. Monitor automated jobs and address errors.

Research and resolve all data quality issues. Escalate issues and solutions when appropriate.

Execute audit checks and annual validations and recommend improvements.

Lead data clean-up and validation efforts by proactively reaching out to all business partners and stakeholders to ensure effective management of all changes and resulting impacts.

Work closely with management to solve system related issues as they arise.

Make recommendations to improve data quality.

Skills: 5+ years of experience Advanced experience with SAP in FI Application and practices, database elements, relationship and query concept/report writing skills. Advanced Excel skills. Strong technical knowledge and math skills. Excellent data analytics, problem solving, communication and collaboration skills. Ability to communicate effectively as a liaison between IT and Finance. Strong work ethic, ability to drive results and meet strict deadlines, ability to prioritize and multitask. Project management skills. Visual basic, or process improvement experience is a plus. Planful experience preferred. Pharmaceutical Industry preferred but not required.

Education: The candidate should have a bachelors degree in Business Administration, Finance, Accounting, or other related field required. MBA and/or CPA preferred.
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About Basking Ridge, NJ

Discover exciting job opportunities in the vibrant area surrounding Basking Ridge, New Jersey! Known for its picturesque landscapes, rich history, and thriving business community, Basking Ridge offers an unparalleled quality of life for professionals seeking growth and success. With easy access to NYC and iconic landmarks like the historic Jacobus Vanderveer House and the stunning Scherman Hoffman Wildlife Sanctuary, this charming region provides a perfect blend of career prospects and leisure pursuits. Indulge in locally sourced cuisine, catch a show at the elegant Ridge Performing Arts Center, or explore the natural beauty of Lord Stirling Park. Embrace the unique culture and endless possibilities that Basking Ridge has to offer as you explore our latest job listings and embark on a fulfilling career journey in this enchanting area.

Although this hasn't been an issue at Planet Pharma, the staffing industry has seen an increase in people falsely representing themselves as recruiters to gather personal information from job seekers. For your safety, do not provide sensitive data to anyone you have not spoken with thoroughly and never provide banking information during the application process. Candidate safety is a top priority at Planet Pharma.