Master Data Management Specialist

Job Description

Role Overview The Vendor Master Data Management Specialist (Purchase to Pay) is responsible for maintaining and managing vendor master data within the Purchase-to-Pay (P2P) process. This role ensures vendor information is accurate, compliant, and up to date, supporting seamless procurement and payment operations. The specialist collaborates with procurement, accounts payable, and compliance teams to streamline vendor onboarding, mitigate risks, and enhance efficiency in vendor-related processes. Role & responsibilities 1. Vendor Master Data Management: a. Create, update, and maintain vendor master data in the ERP system, ensuring data accuracy and completeness along with TAT b. Verify vendor documentation during onboarding to ensure compliance with internal controls and regulatory standards. c. Perform regular audits of vendor records to identify and eliminate duplicate or obsolete entries 2. Reporting and Analytics a. Generate and analyze reports on vendor data quality, performance metrics, and compliance status. b. Provide actionable insights to management for improving vendor-related processes and decision-making. 3. Stakeholder Collaboration: a. Act as a key point of contact for procurement, accounts payable, and external vendors regarding vendor master data inquiries. b. Facilitate vendor onboarding by collaborating with procurement teams and ensuring timely resolution of issues. c. Train internal teams on vendor data processes and best practices. 4. Process Improvements a. Identify inefficiencies in vendor data management processes and propose improvements. b. Support system integration, upgrades, and testing related to vendor master data functions. Lead initiatives to automate vendor data workflows and reduce manual interventions. Preferred candidate profile 1. 10-12 Year Experience in P2P Process 2. Strong knowledge of P2P processes and vendor data management principles 3. Advanced Excel skills and familiarity with data analysis tools. 4. Excellent verbal and written communication skills to interact with diverse stakeholders. 5. Strong interpersonal skills to work effectively across teams and departments. 6. Flexibility to handle changing priorities and support system or process changes.