Financial Accountant at Sun International

Job Purpose

• Responsible for the effective management of financial controls, reporting and accounting and operational team management with specific regard to achieving business profitability and improving financial operational standards in the unit. 

Key Performance Areas

Delivered Operational Financial Accounts:

• Oversee the financial reporting and analysis for F&B and hotel outlets on the property to ensure the financial performance and position of the company is accurate, up-to-date and complete.
• Monitor and manage productivities and payroll costs for the departments
• Oversee the completion of stock control processes.
• Investigate unusual variances relative to budget and previous year
• Conduct an analysis of F&B and Hotel business results and identify relative trends to ensure realistic forecasts
• Find solutions to resolve anomalies and follow-up to ensure execution or change in procedure
• Review Kofax Total Agility (KTA) queries for resolution
• Send manual payments to Shared Services Centre (SSC) for payment
• Assist SSC with AP accruals at month-end
• Request invoices to be created from SSC and distribute to concessionaires, rebates, sponsors, sundry
• Provide details of AR credit notes to SSC
• Request customer refunds to be paid by SSC
• Request bank transfers between accounts where required
• Request disposals, scrappings, impairments, revaluations of fixed assets
• Request vouchers to be processed by SSC via KTA.
• Provide details of departmental recharges to the SSC for processing
• Obtain details of changes to allocations after HODs have reviewed departmental income statements. Forward to SSC.
• Conduct spot checks on cash-ups
• Compile monthly and quarterly forecasts
• Compile annual Budgets and quarterly forecasts
• Manage departmental Capex requirements
• Review financial risks (on Risk Register) quarterly and address mitigating and aggravating circumstances     

Stock Management:

• Develop warehousing plans and objectives for the unit in line with the business strategy
• Adapts warehousing plans to meet changing operational business priorities and plans, collaborating with F&B operators to implement cost saving plans and promotions.
• Manage processes to maintain sufficient stock levels, taking into account holidays, different business levels for different days of the week, seasonal periods, marketing promotions and banqueting events.
• Conduct activities to manage inventory and stock levels and verification of stock counts; as well as resolution of issues surrounding products such as quality, quantity, delivery, services, promotional stock, stock outs, overstocking, obsolete stock, new products and returns
• Oversee the management of stock takes and rotation for all classes of inventory, identifying and communicating with F&B Management and Executive Chef with regards slow moving stock items for consumption decisions
• Manage cost control against budgets ensuring there are no incidents of fraud or mismanagement of resources

Accounting Compliance Management:

• Oversee accounting standards and processes at a unit level
• Focus on improving processes in the unit
• Integrates Group standards into Unit Operations
• Align and update practices with new legislative and tax regulations
• Implement sufficient control measures (including systems and processes) & checks within each department to mitigate any financial risk to the business.
• Monitor compliance to financial procedures, costs, controls and productivities
• Complete relevant statutory returns
• Complete Annual Insurance declaration accurately according to unit financial position and requirements.
• Lodge liability claims and follow up to ensure resolution according to legal and policy requirements.
• Communicate standards and regulations with team to ensure compliance is achieved

Financial Reporting:

• Co-ordinate month end and year end activities and reporting
• Co-ordinate internal and external financial audits
• Commentary on monthly management accounts
• Assistance with annual financial statements
• Financial reporting on departmental projects and initiatives
• Compile tax packs
• Compile quarterly board packs
• Interpret results and provide value-adding recommendations to optimise financial performance (with regards product, process and practices) within the various areas of the operation.
• Compile and provide reports in line with Gaming Board and management requirements that assists stakeholders in making relevant decisions.

People Management:

• Manage staff conditions of employment, e.g. attendance, absenteeism, leave, adherence to policies and procedures
• Identification of employee training needs
• Perform on the job training and coaching to close developmental gaps and build succession for a talent pipeline within the outlet
• Manage employee relations within the department
• Staff communication and motivation
• Performance contracting, reviews and development
• Provides resources and removes obstacles to performance
• Recruit and resource for talent for positions within the department
• Onboarding of new staff members

Stakeholder Relationship Management:

• Act as the SME on Financial statutory legislation and tax requirements
• Communicate actively with departmental managers to review cross-departmental impacts and reconcile data
• Communicate with Financial Operations Manager and report on revenue and financial position as required
• Liaise extensively with the SSC to ensure all processes are being followed
• Partner with Business Managers to ensure management are kept updated on latest developments; risks identified and recommendations
• Provides support and training to accounting teams
• Manages non-conformance issues
• Monitor financial performance of various departments and consult with Functional Managers on results and areas of concern
• Report and consult with management on risk areas and remedial action to be taken
• Present results to management

Job Requirements

Education and Experience

• Grade 12
• B.Com Honours (CTA) with completed articles or equivalent
• At least 6 years' experience in a general financial management environment
• Experience in the control of stock
• Experience in a hospitality/gaming environment an advantage. 
• Ability to work shifts that meet operational requirements
• Meeting the requirements for key gaming licence

Skills and Knowledge

Core and Personal Behavioural competencies:

• Decision-making
• Analysing
• Taking action (initiating, improving, Organising, Delegating)
• Implementing skills (Managing projects, driving results, creating customer experiences)
• Controlling (procedures, deadlines, risks, relationships)
• Maintaining focus
• Emotional maturity
• Relating (interacting, valuing diversity)
• Collecting information (sourcing, checking documenting facts)
• Assuring quality
• Leading people

Technical / Proficiency competencies:

• Knowledge of statutory legal and tax requirements
• Strong technical knowledge including IFRS developments
• Strong knowledge of accounting systems
• Team Planning
• Stock control including F&B, OE and OS
• Proficiency in MS Office
• IFS Finance an advantage
• Keep abreast of new developments in the financial and tax fields
• Integrity
• Process Improvements
• Strong numerical skills
• Technology trends
• Vendor Relationship and contract management