Financial Manager (Projects)

Hollywoodbets; Durban; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading gaming and betting company in Durban seeks a Financial Manager to oversee financial reporting, project budgets, and compliance with financial policies. The ideal candidate will possess strong financial management and people management skills, with 3+ years of relevant experience. This position offers opportunities to manage key financial projects and contribute to the company's strategic direction.

Qualifications

• 3+ years of experience in financial management.
• Experience in cash management is essential.
• Strong people management skills with a focus on development.

Responsibilities

• Review and prepare management accounts and financial statements.
• Monitor financial performance indicators and provide variance analysis.
• Oversee project budgets and collaborate with project managers.
• Lead the BEE project team and manage compliance with financial policies.

Skills

Financial management

Cash management

People management

Compliance

Project management

Education

Financial Degree

Matric

Tools

Financial modeling tools

Reporting software

Job description

Responsibilities

Financial metrics

• Review monthly management accounts and prepare commentary.
• Support preparation of annual financial statements with reconciliations and schedules.
• Monitor and report on key financial performance indicators.
• Provide variance analysis and escalate issues where needed.
• Lead final review and approval of budgets, forecasts, consolidated group results, and management accounts.
• Oversee preparation and quality of individual and consolidated Annual Financial Statements.
• Approve sensitive and complex transactions (e.g. impairments, provisions, depreciation, finance costs, leases, intercompany charges).
• Review and approval of larger payments.
• Consult with Tax and IFRS experts (after liaising with the CFO) on complex, out of the ordinary transactions.
• Approve templates and models created to substantiate decision making.
• Enforce thorough review and timeous 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 terms.
• Enforce through reviewing the timeous collection of loans receivable, inter-company trade accounts and trade debtors. Ensure monthly or weekly reports are appropriately distributed and reviewed.
• Effective tax planning and cash flow management and oversight over cash management reporting for Group.
• Working with the CFO to identify control weakness, design internal controls and implement.
• Enforce thorough review and timeous corrective action against internal audit and external audit findings.
• Review and approve discounted cash flow projections for impairment testing.
• Review and approve adequate reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.
• Review and approval of the profit and loss on asset disposals.
• Ensure annual stock take is performed (including monthly/quarterly as dictated by company policy) and stock variances are managed.
• Management of payroll cost and operating costs.
• On a quarterly basis - approve the mini audits executed 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 by the Senior Financial Accountants.
• Create and maintain a template that allows for consistent, yet tailored audits for each of the entities within the group.
• Lead the BEE project team from Finance perspective to ensure the improvement and sustenance of the companies BEE score.
• Drive compliance with financial policies and ensure all financial decisions are supported by accurate templates, models, and audit trails.
• Review and approve quarterly validating fair value measurements (only where required).
• Enforce compliance with auditor requests to effectively manage overruns.
• Support the CFO with specific projects and reports and data extractions and building financial models/billing models/project costing.
• Approve capex, expenses, and disposals within authoritative limits.
• Any ad hoc tasks that may arise.

Project-based Financial Management

• Track project budgets, costs, and milestone-based reporting.
• Collaborate with project managers to develop financial models and assess ROI.
• Ensure accurate financial tools and templates are maintained for project monitoring.
• Integrate project results into group financial reporting.
• Identify financial risks in projects and escalate as required.

People Management

• Demonstrate company values of Service Excellence, Integrity, Accountability, and Innovation.
• Share knowledge and support junior staff development.
• Encourage a culture of financial accountability within project teams.
• Assist with financial training sessions for project owners to improve financial literacy.
• Living HW values of Service Excellence, Commitment, Integrity, Accountability, Enthusiasm, Ubuntu and Innovation.
• Performance management of staff and discipline.
• Enforcing ethical, honest, transparent, fair work environment.
• Formal setting up of individual staff meetings (Initial meeting to layout the KPIs, quarterly tracking meeting, half year review, quarterly tracking meeting and year-end review).
• Talent retention (through role creation, career path planning).
• Recruitment and related interviews.
• Induction and comfort of new Team members.
• Implementation of HR initiatives.
• Approving and monitoring of overtime, meal allowances etc.
• Promote declaration of all conflicts of interest upfront.
• Promoting a culture of confidentiality, ensuring all personal information of loan applicants and suppliers and other stakeholders is not shared and is maintained in a secure environment.

Strategy, Compliance and Reporting

• Enforcing compliance with company policies and procedures.
• Enforcing 100% compliance with COSACT, Tax acts, IFRS/IFRS for SMEs and other relevant laws/regulations relating to finance.
• Enforcing up to date maintenance of department process write-ups/ system descriptions.
• Ensure 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 place.
• Effectively deal with internal, external, SARS and BEE auditors.
• Assist the CFO with financial strategy formulation by preparing data-driven insights on capital projects, cost efficiency opportunities, and financial risks.
• Contribute to the creation and regular updating of financial models and reports that support executive and board-level decision making.
• Play a key role in ensuring financial operations are scalable to support the group's long-term growth trajectory.
• Ensure project spend and related contracts are reviewed for alignment with group financial policies and delegated authority limits.
• Support the ongoing design and testing of internal controls relevant to project environments.

Qualifications

• Matric
• Financial Degree
• Financial Management 3 + years
• Cash Management 3 + years
• People Management 3 + years
• Understanding of Project Management/system and development tools (Advantageous)