Financial Manager

SUMMARY:
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POSITION INFO:

The Financial Manager is responsible for the financial management of a number of African entities and reports into the Senior Finance Manager. The purpose of the role is to ensure that all results and the financial position of the relevant entities are accurately reported on. This role therefore ensures the smooth day-to-day running and oversight of the African team to ensure that all data is correctly posted, up to date and reconciled. The role requires the candidate to be highly numerate, well organised and deadline driven.

Financial reporting:

1. Monthly management reports

• Review of monthly management accounts including income statement and variance analysis and documentation of all commentary
• Review of all balance sheet and related monthly reconciliations.
• Review of all Trial balances to ensure completeness of the accounts.
• Approval of all journal entries in the accounting system
• Maintenance of Monthly Financial Reporting Index
• Review of open items reports to ensure that all open transactions are reconciled, documented and queries resolved timeously.
• Review of monthly aging reports to ensure all creditors paid and customers collected timeously.
• Prepare the Monthly reconciliation of accounting and gaming data to Group Reports.
• Ensure all standardization of reporting and schedules across all entities.

2. Analytical reporting

• Review all Monthly Product and Regional income statements.
• Provide summaries of all highlights to the Senior Finance Manager for income statement, balance sheet and open items.
• Review and resolve Country Manager queries.

Corporate Governance:

1. Board reporting and minutes

• Preparation of financial data required for Board Reports.

2. Audits

• Work closely with the Statutory team in Co-ordinating of audits and attending to audit queries timeously.
• Review of all team prepared internal and external audit reconciliations & clearing of all queries

3. Tax management and compliance

• Review of all statutory calculations including Gaming tax, Gaming VAT, Indirect Taxes, Corporate Tax, annual returns, statutory reports etc. for all gaming entities.
• Review of all statutory returns including income tax, annual returns, VAT, Indirect Taxes, In-country 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 Financial Regulatory requirements are 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. Contract 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. Forecast and going concern

• Take ownership of annual 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 suppliers are not being paid or customers collected.
• Review and approve weekly payments, ensuring that the correct amounts and suppliers are paid.
• Release of payments on Online banking platforms.
• Ensure timeous supplier and intergroup payments.

3. CAPEX

• Review of Fixed Asset Registers and ensure accounting is in accordance with Group policy.
• Ensure short-term insurance contracts are adequately maintained and updated.
• Ensure any internally generated assets have been capitalized in the accounting records on the go live date and appropriate amortization has been applied.

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 policies and procedures.
• Draft process notes detailing how and why monthly tasks are performed to ensure business continuity.

Finance staffing:

1. Structure maintenance

• Escalate and motivate any resource requirements to the Group Finance Manager.

2. KPI management

• Day to day management of the 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 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 the team is working efficiently and coherently.
• Bi-annual setting of team objectives.

Adhoc:

• Other ad hoc duties as may be required from time to time.

Areas of responsibility

• Trial balance management of all entities.
• B Com (Accounting) with completed Articles , CA(SA), CIMA or equivalent
• Accounting review experience.
• Minimum 3 years managerial experience.
• Proficient in Microsoft Excel.
• Intermediate to advanced Microsoft Excel skills.
• Knowledge of IFRS.
• Experience in Navision (desirable).
• Experience in reviewing AFS.
• Independent worker.
• Self-motivated and highly productive.
• High levels of accuracy, attention to detail and strong analytical skills.
• Highly dependable and dedicated.
• Strong levels of co-operation.
• Good levels of business acumen.
• Project management skills including the ability to meet all deadlines and the ability to effectively manage the implementation of proposals/acquisition
• Good writing skills.
• Good problem-solving skills.