Senior Financial Accountant

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

Job summary

A leading sports betting operator in Durban is seeking a Mid-Senior level Finance Manager to oversee financial operations. Responsibilities include ensuring accurate reporting, leading projects, and managing a finance team. The ideal candidate has over 2 years of commercial experience and skills in problem-solving and project management. Join a dynamic team that values growth and excellence.

Qualifications

• 2+ years commercial experience.
• Must take initiative and be results-oriented.
• Strong planning and organizational skills.

Responsibilities

• Ensure accurate and timely financial reporting.
• Lead special projects as needed.
• Manage the performance of direct reports.
• Preparation and review of financial statements.

Skills

Problem-solving

Project management

Time management

Leadership

Accountability

Results-oriented

Pastel Evolution

Microsoft Office

Job description

Qualifications

• Must be able to identify, analyse, organise 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.
• +2 Years commercial experience
• Pastel Evolution (or similar software)
• Microsoft Office

Responsibilities

• Ensure 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 Manager.
• Preparation of annual budgets.
• Preparation/review of monthly management accounts including analysis/commentary.
• Preparation/review of the annual financial statements.
• Preparation/review of monthly working paper files and high-risk balance sheet reconciliations.
• Ensure that routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by junior team members.
• Preparation/review of non-routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, lease straight lining, management fees, administration fees etc.) and complex transactions.
• Review of and approval of payments, together with accurate capturing of invoices in the accounting system, ensuring IFRS and tax compliance.
• Review of annual taxation computations.
• Timeous preparation and payment of provisional taxation payments.
• Review of the monthly VAT and Payroll returns.
• 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.
• Ensure that all inter-company balances are reconciled monthly.
• Liaise with the various departments and regional/operational managers to ensure efficient reporting.
• Liaison with external auditors during interim and year end audit to ensure all queries are responded to.
• Timeous collection of loans receivable, inter-company trade accounts and trade debtors.
• Effective management of working capital. (Assist in the continuous improvement in supplier terms and customer terms).
• Effective tax planning and cash flow management.
• Identification of control weakness, designing of internal controls and implementation thereof.
• Timeous corrective action against internal audit and external audit findings.
• Adequate 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) 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 quarterly.
• Review of profit and loss on asset disposals transactions.
• Review of general ledger transactions monthly to confirm accurate account allocations, IFRS compliance between capital and expense nature transactions and taxation compliance.
• Ensure that annual stock take is performed (including monthly/quarterly as dictated by company policy).
• Review of stock count variances.
• Review of petty cash expenses.
• Review all loan, creditors, facility, instalment sales reconciliations to external statements.
• Review 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 processed.
• Management of operating costs.
• On 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 approval.
• Ensure 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 place.
• Assist the BEE project team to ensure the improvement and sustenance of the company’s BEE score.
• Optimization of the company’s financial position and financial performance.
• Liaise with the various departments and regional/operational managers to ensure efficient reporting.
• Liaison with external auditors during interim and year end audit to ensure all queries are responded to.
• Minimise audit overruns by ensuring diligent preparation of audit files/compliance with auditor requests.
• Support the GFM and CFO and CEO with specific projects and reports and data extractions.
• Assist the GFM and CFO and CEO with building financial models/billing models/project costing.
• Ensure that appropriate templates and models are created and saved to substantiate decision making.

People

• Living HW values of Service Excellence, Commitment, Integrity, Accountability, Enthusiasm, Ubuntu and Innovation
• Direct supervision and mentoring of the junior finance team
• Creation and maintenance of roles and job descriptions and KPIs for your direct report subordinates, including annual performance reviews
• Sourcing, attendance and performance of training as and when needed for staff
• Adequate recognition of staff efforts
• Sustainable morale and team building initiatives
• Talent retention
• Promote declaration of all gifts and non-acceptance of kickbacks. Instances to be reported immediately
• Promote declaration all conflicts of interest upfront
• Promote a culture of confidentiality within the business with regards to the protection of personal information
• Ensure all personal information of loan applicants and suppliers and other stakeholders is not shared and is maintained in a secure environment

About Us

Hollywoodbets 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 to 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!

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Gambling Facilities and Casinos