Job Description
Being a part of the Hollywoodbets Purple Team is an opportunity to become a part of one of South Africa’s biggest success stories. From humble beginnings in Durban, Hollywoodbets has grown into a powerhouse brand operating across Africa and the United Kingdom. And that’s just the beginning. Our talented Team is on a mission to increase our global footprint, ready to take on any challenge because at Hollywoodbets, not even the sky is the limit. Join our Team and let’s reach for the stars.
We have an amazing opportunity for a Financial Accountant. Do you think you have what it takes to be our newest Purple Star?
The successful candidate will be responsible for the processing of monthly journals, reviewing of general ledgers, preparation of management accounts and relevant supporting performance measures which the Junior Financial manager will review. The ideal candidate will be responsible for the preparation of reconciliations on a monthly basis for all balance sheet accounts which the Junior Financial manager will review. The successful incumbent will be responsible for the preparation of VAT recons with supporting schedules, preparation of all schedules requested by the External Auditors and facilitating requests of documents during the audit. The Financial Accountant will mentor the junior team members and further assist the Junior Financial manager in fulfilling his/her duties.
With Hollywoodbets You Will:
Innovate and create as part of a like-minded, authentic Team eager to achieve goals.
Embrace challenges and the thrill of working in a vibrant and fast-paced industry.
Grow with our development plans and culture that allows you to further your career.
You Bring:
- Microsoft Office.
- Pastel Evolution or similar accounting software.
- Minimum 1-year experience in a similar role.
A Bonus To Have:
- Diploma or Degree in a related field.
You’ll Do For The Brand:
Financial metrics
- Review of general ledgers to ensure cashbook and creditors capturing are correctly allocated and VAT correctly accounted for.
- Capture and post monthly journals.
- Prepare monthly management accounts.
- Prepare performance measures relevant to the management accounts.
- Analytical review of all accounts and provide commentary on variances.
- Compile reports highlighting monthly fluctuations on key accounts – producing graphs.
- Ensure the management accounts are prepared timeously to ensure there is adequate time for review by the Junior Financial Manager.
- Prepare annual financial statements.
- Responsible for binding the final pack of management accounts which will be reviewed by the Senior Accountants and Group Financial Manager.
- Prepare monthly balance sheet reconciliations by deadline communicated by the Junior Financial Manager.
- Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by subordinates.
- Process non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, management fees, administration fees etc.) and complex transactions
- Ensure correct capitalization of assets vs expensing repairs/maintenance or expensing items that will be consumed within one month.
- Ensure the cashbook clerks, creditors and debtors meet there deadlines which will allow sufficient time for review of all general ledgers before the preparation of management accounts.
- Review VAT general ledger account, prepare Output and Input Reasonableness schedules and VAT reconciliation which will be reviewed by the Junior Financial Manager for the period which it’s due.
- Review and approve all loan, creditors, facility, instalment sales reconciliations to external statements.
- Process accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates).
- Process monthly standing debit orders (rent, insurance, telephone, subscriptions etc.).
- Assist the Junior Financial Manager in the preparation of Budgets.
- Prepare all schedules required by the External Auditors, Internal Auditors and BEE Auditors.
- Facilitate requests by External Auditors, Internal Auditors and BEE Auditors for documents required for substantive testing.
- Assist the Junior Financial Manager on ad hoc tasks which will enable him/her to fulfill their duties.
- Tracking performance and scheduling performance review meetings with the Group Financial Manager.
Compliance, risk and quality
- Comply with company policy and procedure.
- 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.
- Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula-linked work/templates/workbooks/financial models - is substantiated by facts with no numbers in the formulas.
- Ensure the above (final version) and other documents are chronologically saved/backed up.
- 100% compliance with COSACT, Tax acts, IFRS/IFRS for SMEs, and other laws/regulations relating to finance.
- Preparation of department process write-ups/ system descriptions and quarterly updating.
Growth and new markets/products
- Ensure measures are put in place and steps are taken to achieve the short-term, medium term and long-term goals.
- Ad hoc tasks as required.
What You’ll Bring To The Team:
- Excellent people management and relationship management skills.
- Must be innovative, proactive, and a strategic thinker.
- Ability to take accountability and develop great problem-solving skills.
- Impressive planning, organizational, and time management skills.
- Must be results-driven.
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