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  • Posted: Jul 5, 2022
    Deadline: Not specified
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    The Sun International brand has a proud legacy in the gaming, hospitality and entertainment sector. Its superior hotels and resorts portfolio makes it a recognized premium brand. The Sun International Group has a diverse portfolio of assets including world class five star hotels, modern and well located casinos, and some of the world’s premier resorts....
    Read more about this company

     

    Commercial Manager: Sunbet

    Job Purpose

    Sun Bet as the online sports betting division of Sun International will lead the alternative gaming strategy and business objectives, providing thought leadership and advice on sports betting product performance, revenue growth, operational governance and service standards, as well as building strategic relationships and partnerships with key stakeholders; and leading the integration of online sports betting projects into operations.

    The Commercial Manager: Sun Bet will have accountability for leading and managing teams and commercial strategies to support the achievement of sustainable business goals and commercial targets for the Sun Bet business including strategies to accelerate business growth; initiating and monitoring procedural controls; developing plans for expansion and business development, conducting due diligence and analyses to understand costings and the value of business projects, solutions and services and the financial position of the business, as well as driving compliance and risk management across both national and international operations. Duties will include sourcing of solution components; recording of approvals, agreements and procurement; negotiating and concluding contracts and service level agreements; managing supplier relationships and their compliance obligations (e.g. POPI, BBBEE, etc.); and managing financial, commercial, and pricing risks in line with Company standards , regulations and legislation; as well as leading the business intelligence data analyses and reporting as a foundation for solid decision-making across operations.

    The role will also have accountability and responsibility for providing leadership with regards the development and delivery of budget management, accounting, and tax administration processes for Sun Bet as well as the reporting and the ongoing development and monitoring of control systems designed to preserve company assets and accurately report on financial results.

    Education

    • Registered Chartered Accountant (SAICA)

    Experience

    • 10 years of relevant financial management experience including at least 3 years as a Financial Manager in the online gaming industry, and exposure in putting together bids for new work and negotiating and agreeing to contracts.
    • Track record of success in overseeing projects from inception to completion, management of diligence and identifying and mitigating risks involved
    • Demonstrated analytical and effective decision making ability to prioritize and communicate with management on key objectives and tactics necessary to achieve business goals.
    • Mastery of financial, accounting and tax concepts to facilitate the creation or review of in-depth financial models for new business proposals and development
    • Strong knowledge of accounting and ability to understand, develop and analyze cash flows
    • Driven individual who can work independently and consistently deliver accurate information on-time
    • Ability to nurture relationships with clients throughout projects is crucial
    • Positive, action-oriented, flexible, and innovative approach to management

    Skills and Knowledge

    • Conceptualising
    • Influencing Skills
    • Managing Customer & Stakeholder relationships
    • Innovating
    • Decision-making
    • Leading people
    • Emotional Maturity
    • Analysing
    • Knowledge of the Company’s Act; Labour & risk legislation
    • Knowledge of statutory legal and tax requirements
    • Strong technical knowledge including IFRS developments
    • FIC (anti-money laundering) principles and application
    • Data mining methodologies and analytics
    • Advanced knowledge of Legislation and Regulations around the sports betting industry
    • Online sports betting Processes and Products
    • Protection of Personal Information principles and application
    • Anti-bribery and Corruption principles and application
    • Strong knowledge of accounting systems
    • Business acumen
    • Technological and digital acumen
    • Business Intelligence and ROI analyses
    • Proficient Computer Skills – MS Office; EGS

    Key Performance Areas

    • Provide thought leadership, commercial advice and consultation on Sun Bet’s business portfolio nationally and internationally (including Ghana, Kenya, Zambia)
    • Responsible for preparing and conducting financial modelling, analyses and commercial plans to support the operationalisation of the current and future Sun Bet Revenue Growth and Optimisation Strategy for implementation across the business, including 5 year Capex requirements
    • Develop the company budgets, and forecasts, and collaborate with management in aligning business plans to deliver objectives and targets accordingly
    • Manage the financial, and tax functions for the businesses in line with regulations and relevant legislation
    • Conduct financial analyses and benchmark with leading financial trends and practice including economic trends and revenue opportunities; projecting acquisition and expansion prospects
    • Conduct analyses of operational performance, identifying opportunities to create revenue and efficiencies with the aim of enhancing market share / competitiveness
    • Co-ordinate internal and external financial audits across business operations
    • Oversee the analysis and reconciliation of accounts ensuring player accounts, and payouts are reconciled back to the bank account
    • Review financial risks quarterly and address mitigating and aggravating circumstances.
    • Develop and embed financial policies, standards and processes for the business; ensuring the alignment and updating of tools and systems with new legislative and tax regulations
    • Implement sufficient control measures (including systems and processes) & checks within each department to ensure accurate and timely reporting
    • Monitor compliance to financial procedures, costs, controls and productivities across the business
    • Complete relevant statutory returns
    • Oversee the recording and consolidation of financial transactions to ensure the financial position of Sun Bet is accurate, up-to-date and complete, and investigate any unusual variances relative to budget and previous year
    • Oversee the consolidation and management of monthly and quarterly forecasts
    • Oversee the consolidation and management of annual Budgets, forecasts & controls, and provide commentary on financial results
    • Consolidate the Annual financial statement
    • Provide value-adding recommendations to optimise financial performance (with regards product, process and practices).
    • Compile and provide board packs, reports in line with management requirements that assists stakeholders in making relevant decisions e.g. trend analyses on performance in different areas of the business for specific timeframes
    • Due diligence processes are facilitated and based on business intelligence analyses and insights to facilitate strategic decision-making and plans
    • Partnerships built with the Gaming and Hospitality Business Segments and unit executive teams to develop, design and integrate innovative and sustainable business objectives and plans to grow and expand the Sun Bet business within the various operations
    • Risk Analysis i.t.o impact on short term profit margins vs. long term sustainability is analysed and strategies put in place to mitigate risk, and be ready to handle unexpected situations
    • Recognizes and provides insights on business trends, barriers, risks and opportunities that may impact the business based on macro-environmental and economic factors. These insights to be shared with all stakeholders across functions.
    • Relationship agreements with key suppliers, business partners and sponsors are built, negotiated and managed to achieve the business objectives and leverage new opportunities and joint initiatives
    • Collaborate with operations to provide input into risk and trading pricing and management in line with market trends, client profiles and profitability of various sports markets, ensuring all books remain competitive
    • Oversee the maintenance and confidentiality of guest’s transactions and ensure customer company records are secure and managed according to regulations. When fraudulent activity is detected this will trigger an investigation, and if fraudulent activity is confirmed, it will be resolved
    • Oversee compliance with PoPI, Consumer Protection Act and Financial Intelligence Centre Act, PRECCA, NEMA, UK and US anti-bribery legislation monitoring that the anti-fraud objectives for Sun Bet are translated into operational action plans to mitigate and prevent any occurrences of fraud for clients
    • Keeps on top of all client interfacing technology and sports betting platforms and monitors it from an anti-fraud perspective ensuring the best possible second line of defence for clients, evaluating and assessing any changes to products, channels and processes from a client fraud prevention perspective
    • Oversees the vetting and finalizing of regulatory audit reports and remedial action
    • Maintain working relationships with the appropriate regulators and act as a liaison between regulators, business units, and business leadership on compliance issues; and is the point of contact when responding to non-compliance notices and complaints received by the business
    • Enhance employee engagement and motivation and nurture a performance driven culture within Sun Bet commercial and compliance team
    • Team leadership and management; ensuring all relevant employees understand standards, regulations and procedures
    • Drive a culture of quality standards, ethics and governance and ensure all staff are competent in relevant legislation, regulatory and company standards to deliver against those standards.

    Closing Date: 9th, July 2022

    Method of Application

    Interested and qualified? Go to Sun International on careers.suninternational.com to apply

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