Senior Financial Accountant

Job DescriptionMust be able to identify, analyse, organize and solve problems and issues in a timely and effective manner.Impressive planning, organisational, project management and time management skills. Must be able to take accountability. Must show strong leadership skills. Must be able to take initiative. Must be results oriented. ResponsibilitiesEnsure daily, weekly and monthly reporting is done accurately and timeously and contains appropriate content to enable effective decision making. Ensure achievement of company’s strategic objectives, goal plans and targets. From time to time lead special projects. Performance management of your direct reports. Timeous backup of financial records (hard copy and data). Effectively deal with internal audit, external audit, SARS audit, BEE audit. Provide a support role to the Group Financial ManagerPreparation of annual budgetsPreparation/review of monthly management accounts including analysis/commentaryPreparation/review of the annual financial statementsPreparation/review of monthly working paper files and high-risk balance sheet reconciliationsEnsure that routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by junior team membersPreparation/review of non-routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, lease straight lining, management fees, administration fees etc.) and complex transactionsReview of and approval of payments, together with accurate capturing of invoices in the accounting system, ensuring IFRS and tax complianceReview of annual taxation computationsTimeous preparation and payment of provisional taxation paymentsReview of the monthly VAT and Payroll returnsTimeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment termsEnsure that all inter-company balances are reconciled monthlyLiaise with the various departments and regional/operational managers to ensure efficient reportingLiaison with external auditors during interim and year end audit to ensure all queries are responded toTimeous collection of loans receivable, inter-company trade accounts and trade debtorsEffective management of working capital. (Assist in the continuous improvement in supplier terms and customer terms).Effective tax planning and cash flow managementIdentification of control weakness, designing of internal controls and implementation thereofTimeous corrective action against internal audit and external audit findingsAdequate provisioning of impairments on stock (slow moving, damaged, loss of market share, obsolete, expired, NRV < cost) , debtors (long outstanding, close to credit limit, defaulting terms, disputes etc.), tangible (damaged, not in use, loss making, loss of market share etc.) and intangible assets (reputation damage, loss making, loss of market share)Reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterlyReview of profit and loss on asset disposals transactionsReview of general ledger transactions monthly to confirm accurate account allocations, IFRS compliance between capital and expense nature transactions and taxation complianceEnsure that annual stock take is performed (including monthly/quarterly as dictated by company policy)Review of stock count variancesReview of petty cash expensesReview all loan, creditors, facility, instalment sales reconciliations to external statementsReview and approve accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates)Ensure that monthly standing debit orders (rent, insurance, telephone, subscriptions etc.) are processedManagement of operating costsOn a quarterly basis - execute a mini audit to test compliance with supplier payment terms, claiming of supplier rebates at the correct % and claiming timeously, similarly for supplier settlement discounts and general discounts, similarly for customer rebates and settlement discounts and general discounts, validity/relevance of debit orders, use of correct interest rates, wear and tear rates, depreciation rates. Retain proof of work that will be submitted to Group FM for approvalEnsure that logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take placeAssist the BEE project team to ensure the improvement and sustenance of the company’s BEE scoreOptimization of the company’s financial position and financial performanceLiaise with the various departments and regional/operational managers to ensure efficient reportingLiaison with external auditors during interim and year end audit to ensure all queries are responded toMinimise audit overruns by ensuring diligent preparation of audit files/compliance with auditor requestsSupport the GFM and CFO and CEO with specific projects and reports and data extractionsAssist the GFM and CFO and CEO with building financial models/billing models/project costingEnsure that appropriate templates and models are created and saved to substantiate decision makingPeopleLiving HW values of Service Excellence, Commitment, Integrity, Accountability, Enthusiasm, Ubuntu and InnovationDirect supervision and mentoring of the junior finance teamCreation and maintenance of roles and job descriptions and KPIs for your direct report subordinates, including annual performance reviewsSourcing, attendance and performance of training as and when needed for staffAdequate recognition of staff effortsSustainable morale and team building initiativesTalent retentionPromote declaration of all gifts and non-acceptance of kickbacks. Instances to be reported immediately Promote declaration all conflicts of interest upfrontPromote a culture of confidentiality within the business with regards to the protection of personal informationEnsure all personal information of loan applicants and suppliers and other stakeholders is not shared and is maintained in a secure environmentQualifications+2 Years commercial experiencePastel Evolution (or similar software)Microsoft Office About UsHollywoodbets is a sports and entertainment betting operator that was born and bred in Durban, South Africa. Whether you’re in one of our upmarket retail branches or online, our customers can conveniently place bets in style anytime, anywhere.We’re proud to partner with local and international legends, from the Hollywoodbets Sharks and Brentford FC to iconic events like the Hollywoodbets Durban July. Being part of our Purple Team means being part of something bigger.At Hollywoodbets, every day is a chance to learn, grow, and make an impact. We move fast, think big, and work together to turn bold ideas into reality. With passion, creativity, and a shared purpose, we bring our Purple Spirit to everything we do.The opportunities here are endless. If you’re driven, curious, agile and ready to level up, there’s no limit to how far you can go with the Purple Team!