Senior Vendor Master Data Specialist

4 weeks ago


Boston, Massachusetts, United States JobRialto Full time
Job Summary

The Senior Vendor Master Data Specialist is responsible for developing and fostering strong working relationships with vendors, leading day-to-day activities that support maintaining and updating the Vendor Master Data records. This role requires a high level of expertise in data management, vendor relationships, and regulatory compliance.

Key Responsibilities

Provide timely and accurate creation and maintenance of vendor master data in adherence with SOX, internal controls, and client's policies
Serve as a primary liaison between the client and vendors
Develop and strengthen relationships with vendors
Communicate with management, suppliers, and stakeholders regarding vendor setup data and requests to establish and fulfill the requirements for Vendor Master Data
Maintain and update Vendor Master Data records in adherence with internal controls and external audit & ad-hoc requests as required
Update and maintain Vendor Master Data records for completeness, accuracy, and appropriate approval before finalizing entries
Identify and manage critical data management issues and mitigate vendor fraud
Securely gather and store support data e.g., TIN matching, W9 maintenance
Ensure service level agreement (SLAs) are met through the development of KPIs, alerts and reports required by the management and reports as related to master data quality
Create and manage process documentation and desktop procedures
Prepare vendor and account reconciliations
Provide education and training to stakeholders regarding vendor setup, maintenance, and requirements for changes to the vendor database
Leads continued process improvement in Vendor Master Data processes.
Leads reconciliation of annual 1099 reporting
Establishes Standardization related to Accounts Payable Vendor Management process ensures
Validate Other Regulatory Parties - based on your industry/company (Dunn & Bradstreet, Office of Inspector General OIG for Healthcare, etc.)
Validate Net-term and Contractual obligations to ensure savings and procurement policy compliance
Special projects and other duties as assigned

Requirements

Bachelor's degree
5 or more years of experience in accounts payable, supply chain, vendor data management, or finance related field
Ability to use Microsoft Office suite, including Outlook, Word and Excel. Knowledge of Lawson/Infor General Ledger system preferred; Ability to learn and use the system effectively, required.

Job Requirements

Must adhere to all of client's RESPECT behavioral standards.

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