Senior Finance Manager - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 07-01-2022 1:27:34 PM
Our client is an international leader in the line gaming field,

Purpose of the Role:
This role looks after the Group, and reports into the Finance Director. The responsibilities include assurance that all transactions, reconciliations, and reporting are accounted for accurately, completely and reported on timeously. The role requires the candidate to be proactive, highly numerate, well organised and deadline driven.

Duties will include, but not limited to:
Financial reporting:
1. Monthly management reports
High Level review of monthly management accounts including income statement and variance analysis, balance sheet and related reconciliations ), intercompany billing calculations to ensure appropriate billing across entities and in line with contracts (includes review of prepayments and accruals to ensure all costs are billed).
Review all Trial balances to ensure completeness of the accounts.

Review of open items reports to ensure that all transactions are reconciled, and queries resolved timeously, and all creditors paid timeously. Follow up with team on long outstanding items. Ensure that notes are done.
Review monthly reconciliation of accounting data to Group Reports.
Ensure all standardization of reporting and schedules across all entities is maintained.
2. Analytical reporting
Review all monthly product and regional income statements ensuring all splits correctly accounted for.
Review and update summaries of all monthly highlights for income statement, balance sheet and open items. (e.g. Opex report, balance notes etc)
Processing oversight:

Understand requirements of all new processors to ensure that our systems are able to cater for new products.
Prepare the overall processor report and query anomalies with the processing team.

Prepare the monthly stakeholder reporting pack highlighting significant items.
Review fees by processor to ensure fees are charged in accordance with the contracts.
Ensure all processor and wallet balances are reconciled to third party statements monthly.
Escalate queries timeously to ensure quick resolution.
Monitor foreign exchange losses and look to find ways to reduce foreign exposure.
Ensure that the reconciliation specialists have requested wallet withdrawals timeously.
Corporate Governance:
1. Board reporting and minutes
Preparation of gaming financial data and commentary for all relevant Board Reports.
2. Audits
Review of all audit files
Ensure all audit files are in the manner required for year end, quarterly and half year audits.
Ensure audit files and all supporting schedules are in the standardised format to ensure ease of consolidation for super Group accounts.

Drive team to complete audits timeously and provide updates to the Finance Director on progress and issues identified.
3. Tax management and compliance
Review of all statutory calculations including Gaming tax, Gaming VAT, Corporate Tax, annual returns, statutory reports etc. for all gaming entities.
Review of all statutory returns including income tax, annual returns, VAT, In-country reports, MGA reports etc. for all gaming entities.
4. Regulatory requirements
Manage onboarding of new Gaming entities, Regions and Products (all accounting and reporting), and that all Regulatory requirements are being met. Ensure that the Project team is aware and understands all Finance and Gaming-related requirements.
5. Transfer pricing governance
Ensure that all Intercompany and Intergroup billing complies with the Group’s Transfer Pricing policy.
6. Contracts management
Internal billing and contract management. Review Internal billing on a regular basis to ensure that it remains practical and relevant.
Ensure all contracts are up to date and on file and recorded on the contract matrix.
Obtain new contracts for new billing or changes required. Ensure termination agreements are received, filed and recorded on the contract matrix.
Funds and Assets Management:
1. Forecasts and going concern
Take ownership of annual gaming forecasts.
Update and maintain rolling forecasts.
Review forecast variance analysis and obtain explanations.
Escalate any unusual variances.
2. Cash flow
Run weekly Open Item Reports for all entities, query long outstanding items and request feedback on why invoices are not being paid.
Ensure all intercompany items are paid timeously and loans are not long outstanding.

Review and approve weekly payments, ensuring that the correct amounts and suppliers are paid.
Ensure timeous supplier and intergroup payments.
Ensure any systems development has been capitalized in the accounting records on the go live date and appropriate amortization and been applied. This will require working with the relevant finance teams to ensure that all relevant support is obtained and the assets are accounted for correctly. WIP requires monthly reconciliation and review.
Robust and critical systems and controls:
1. ERP
Ensure that Navision, TM1 and other systems operate effectively and efficiently for responsible companies.
Investigate and recommend solutions to improve operational efficiencies in the team.
Liaise with BI to ensure that the transactional data received is relevant, accurate, complete and received on time.
2. Policies and procedures
Ensure that all accounting is in line with the Group’s accounting polices and procedures.
Review and update process notes detailing how and why monthly tasks are performed to ensure business continuity. These will need to be in accordance with the relevant governance frameworks.
Financial staffing:
1. Structure maintenance
Escalate and motivate any resource requirements to the Finance Director.
2. KPI management
Day to day management of the gaming financial accounting team.
Co-ordinate functions in the team to ensure that all team members are working effectively and able to deliver reporting on time.
Ensure best business practice is embedded across all gaming processes and functions.
Undertake bi-annual team appraisals and performance development reviews.
Ensure team key deliverables are met on time and accurately.
Provide guidance, mentoring and support to all direct reports to ensure your team is working efficiently and coherently.
Bi-annual setting of team objectives.
Manage all stakeholder expectations appropriately and communicate any potential problems.
Ad hoc:
Other ad hoc duties as may be required from time to time.
Areas of responsibility:
Trial balance management of all entities in the Spin Group.
Essential Criteria:
B Com (Accounting) with completed Articles, CA (SA), CIMA or equivalent
Accounting review experience
Demonstrates consistent behaviour aligned to Organisational culture
Minimum 4 years managerial experience
Proficient in Microsoft Excel
Intermediate to advanced Microsoft Excel skills
Knowledge of IFRS
Desirable Criteria:
Experience in Navision
Experience in reviewing AFS
Person Specifications:
Commitment and Effort
Business Acumen
Effectiveness & Delivery
Problem solving
Time Management
Management, Motivation and leadership