Group Statutory Accountant at DigiOutsource

Purpose Of The Role

This role is integral to the finance team to ensure compliance with all statutory, regulatory and financial reporting requirements. This role will focus on tax research in new regions, documentation of such tax regulation, calculation and handover to financial accountants of initial taxes, subsequent review of tax calculations and submission of taxes to the relevant authorities.

The role also encompasses standard monthly reporting, trial balance management, ad hoc reports for management and project management of the audit processes.

This role will report into the Tax, Statutory and Reporting Team Lead.

Reporting

Duties include, but not limited to:

Monthly Reporting

• Prepare monthly income statement and balance sheet reports with notes for management review ensuring all in balance and updated for any changes in the group structure
• Publishing of all monthly reports for stakeholders

Statutory Reporting

• Preparation of annual consolidated financial statements including all notes
• Ensure consistent application of accounting policies across responsible entities and compliance to IFRS
• Annual tests for impairment

Board reporting

• Coordination of all information for board reports
• Ensure disclosure in group reporting complies with IFRS and aids in displaying decision useful information for example
• Sensitivity analysis per major market for: Currency exposure; Accepted purchases;Processor receivables; Interest, credit and market risk and reasons for changes
• Liquidity risk and evaluation of working capital management across all groups (Cash flow vs liquidity and solvency ratio).

Compliance reporting

• All required reporting and submissions for regulated markets
• All required reporting for all Gaming Authorities e.g. MGA, AGCC
• Annual entity reports to administrators
• Reporting to be standardized across entities

Accounting Recording And Reporting Systems

System maintenance

• Close accounting periods in Navision
• Running single and full entity refreshes in Cognos

Audit

Year-end audit files (External)

• Prepare audit timeline and plan each year and agree with the auditors (Financial Manager to be involved)
• Set up of all audit review meetings
• Research new IFRS and apply to annual financial statements where applicable
• Manage the audit process
• Upload all audit files onto audit portal
• Constant follow up with team leads and financial manager to ensure timely submission of files
• Assist in finalization of audit files and TB’s for submission to auditors
• Coordinate all audit queries received (send to team lead and follow up on outstanding items)
• Maintain an audit query list to ensure all queries answered and to assist with the following years audit
• Drafting of financial statements for management and audit review
• Audit Journals
• Track audit and client journals resulting from audits
• Summarise journals and compare TBs after journals were posted to signed AFS
• Communicate journals to the relevant teams
• Quarterly audit files (Internal) (set up review meetings)

Statutory

Contracts

• Prepare and maintain a contract matrix for each group structure
• Ensure that all contracts are saved by group structure and agree to invoicing, loan etc. relationships
• Consider tax implications of contracts between entities
• Consider transfer pricing where billing across borders

Taxation

Research

• Research of all taxation implications for operating in new regions
• Gaming tax and VAT, Corporate tax, normal VAT, withholding taxes, reverse VAT
• Benefits of any applicable double taxation treaties
• Preparation of simple forecast to illustrate the tax implications on potential profitability
• Preparation of tax memo’s for presentation to the relevant Board
• Keep abreast of any changes to all taxes
• All taxes to be recorded on a tax matrix and tax matrix to be maintained

Gaming VAT and taxation

• Review gaming vat and tax calculations for all regions as prepared by the financial accountants
• Prepare taxation submissions for review by the relevant Finance Manager
• Submission of calculations via lawyers or website, request payment and follow through to completion before deadline
• Follow up on payment instruction to ensure taxes are paid before the deadline
• Assist with queries received from the relevant authorities and coordinate required information

Normal VAT and Withholding Tax

• Prepare VAT and Withholding Tax calculations for all entities.
• Prepare Withholding Tax and VAT submissions for review by the relevant Finance Manager
• Submission of calculations via lawyers or website, request payment and follow through to completion before deadline
• Follow up on payment instruction to ensure taxes are paid before the deadline
• Assist with queries received from the relevant authorities and coordinate required information

Corporate tax

• Review monthly taxation accrual for tax entities
• Prepare final tax calculations for review by the relevant financial manager
• Submit corporate tax submission to the directors and auditors for review
• Submission of return to the relevant tax authority and follow up on payments and receipts

Review

• First review of all tax payments to submission
• Review monthly tax and vat vendors follow up on outstanding payments and unmatched items

Training

• Set up and training of management accountants on any changes to taxes and taxes in new regions

Team Work

• Effectively work as a team with relevant client treasury accountant and reconciliation specialist
• Effectively communicate to manager and team members to ensure key deliverables are met on time and potential problems escalated
• Openly communicate with managers and team members effectively to ensure that all key deliverables are met timeously and accurately;
• Communicates clearly and effectively at all levels; both internally and externally
• Effectively feeds information to required members of the team to ensure all important updates are shared appropriately
• Manages others expectations appropriately and proactively communicates any potential problems
• Bi-annual setting of objectives

Ad Hoc

• Assist in the drafting of process notes detailing how and why monthly tasks are performed to ensure business continuity
• Other ad hoc duties as may be required from time to time

This job description is not intended to be an exhaustive list of responsibilities. The job holder may be required to complete any other reasonable duties in order to achieve business objectives.

Essential Criteria

• CA (SA)
• Accounting reporting experience
• Knowledge of IFRS
• Minimum 3 - 5 years taxation experience

Desirable Criteria

• Proficient in Microsoft Excel (intermediate to advanced level)
• Experience in Navision

Person Specifications

• Time Management
• Self-Awareness
• Commitment and Effort
• Bottom Line Focus
• Adaptability / Flexibility
• Learning, Collaboration And Knowledge Management
• Control And Efficiency
• Business Acumen
• Accountability
• Planning and Organisation
• Please note we will apply relevance to our Talent Management and Talent Development Programme as part of our recruitment process.
• Shortlisted candidates may need to complete an assessment.

This position requires trust and honesty it has access to customers financial details - therefore a credit and criminal record check will be conducted. The qualifications identified herein are an inherent job requirement; therefore, a qualification verification check will be done. By applying for this role, and supplying the necessary details, you hereby grant us permission to apply for these checks. This will be done in a confidential manner, and solely for the purposes of verification.