Financial Operations Manager at Sun International

Job Purpose

• Responsilble for the effective day to day management of the business unit’s financial performance, financial controls, fiscal discipline and finance team with specific regard to
• achieving business profitability and improving financial operational standards.

Education

• B.Com Honours (CTA) with Articles
• Registration as a Chartered Accountant an advantage

Experience

• At least 5 years experience in a general financial management environment.
• Experience in a hospitality/gaming environment an advantage

Skills and Knowledge

• Technical / Proficiency Competencies
• Knowledge of statutory legal and tax requirements
• Strong technical knowledge including IFRS developments
• Strong knowledge of accounting systems
• Team Planning
• Product & Trend Analysis
• Stock control
• Proficiency in MS Office (Advanced Excel)
• Keep abreast of new developments in the financial and tax fields
• Integrity
• Core Behavioural Competencies
• Decision-making
• Analysing / Diagnosing performance of the outlet / product performance
• Reviewing - Assessing feasibility; assessing compliance; efficiencies
• Appraising / Developing Others including evaluating for recruitment, performance, coaching and training
• Controlling people and non-people resources
• Influencing & negotiating skills
• Business Acumen
• Building Positive Working Relationships
• Customer Centricity & Stakeholder focus
• Drive for Results

Key Performance Areas

• Deliverable 1: Delivered Financial Planning & Results
• Understand the Group Financial strategy and budgets and align Unit objectives and targets accordingly
• Develop objectives for the Unit’s finance deliverables
• Facilitate the management and achievement of Financial deliverables
• Direct financial analyses and benchmark with leading financial trends and practice
• Identify and investigate new financial opportunities for the property
• Direct risk analyses i.t.o impact on short term profit margins vs. long term sustainability
• Compile a risk register for the business unit according to group and unit standards
• Co-ordinate internal and external financial audits
• Financial reporting on projects and initiatives
• Review financial risks (on Risk Register) quarterly and address mitigating and aggravating circumstances.
• Communicate with all relevant stakeholders internally at a unit and Group level and externally
• Manage and allocate people and operational resources
• Align strategies with BBBEE transformational strategies which contribute towards targets being achieved for the property

Deliverable 2: Financial Governance

• Oversee financial standards and processes at a unit level
• Integrates Group standards into Unit Operations
• Develop, 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

Deliverable 3: Financial Management

• Oversee the recording of financial transactions for all financial functions on the property to ensure the financial position of the unit is accurate, up-to-date and complete including Cashiering, Casino Admin and Accounting functions
• Investigate unusual variances relative to budget and previous year
• Conduct an analysis of 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
• Compile monthly and quarterly forecasts
• Compile annual Budgets, forecasts & controls
• Motivate and manage Capex requirements
• Manage stock control processes
• Manage Procurement processes and relationships to ensure monitoring and tracking of price movements to minimize input cost fluctuations.
• Approve Purchase Requisitions for the unit based on approval limits
• Approval of customer refunds, punter pay-outs, expense claims
• Approval of bad debt write-offs after consultation with SSC.
• Interpret results and commentary on financial results
• Provide value-adding recommendations to optimise financial performance (with regards product, process and practices).
• Compile and provide board packs, reports in line with Gaming Board and management requirements that assists stakeholders in making relevant decisions

Deliverable 4: People Leadership

• Lead and motivate financial employees and promote positive working relationships, direction and support
• Lead and oversee departmental communication ensuring employee and management interaction
• Measure and develop strategies to enhance employee engagement
• Identify and manage training, coaching and development requirements in line with strategic plans, e.g. skills shortages, succession plans, talent management
• Ensure competent levels of staff meet operational level requirements (right fit for the job)
• Source and Select talent as per EE plan to build the future food and beverage talent pipeline
• Performance Manage and coach reporting managers to ensure KPA’s are achieved
• Manage employee relations within the financial function (monthly meetings with Union - formalised, minuted, issues addressed).

Deliverable 5: Stakeholder relationship management

• Act as the SME on Financial statutory legislation and tax requirements for the business unit
• Communicate actively with Business Operations, HR and Finance to review crossdepartmental impacts and reconcile data
• Communicate with Group Finance and report on revenue and financial position as required
• Partner with Business Partners and suppliers to deliver efficient procurement standards
• Negotiate and reach agreements with service providers and business partners
• Monitor financial performance of various departments and consult with Functional Managers on results and areas of concern
• Report and consult with top management on risk areas and remedial action to be taken
• Present results to top and Group management