Responsible for delivering financial support, financial accounting processes (budgets, forecasts), the management and reconciliation of project and other expenses, and the consolidated reporting of financial accounts for SIML, in line with Company standards, regulations and legislation, with specific regard to streamlining costs and improving financial operating standards.
Education and Experience:
- This position is only open to South African Citizen
- B.Com Accounting
- At least 5 years experience in a general financial accounting environment including min 2 years experience in project finance
- Experience in a hospitality/gaming environment an advantage
- Decision-making
- Analytical skills
- Reviewing - Assessing feasibility; assessing compliance; efficiencies
- Building Positive Working Relationships
- Customer Centricity & Stakeholder focus
- Positive attitude and drive for success
- Ability to work without supervision
- Problem solving skills and innovative mind-set
- Integrity
- English written and verbal communication skills
- Numerical skills (calculations)
- Cashbook transactions / process knowledge
- Expenses processing knowledge
- Strong knowledge of accounting, project accounting,
- Full understanding of the budgeting and forecasting process
- Proficiency in MS Office (Advanced skills in Excel)
- IFS Finance an advantage
- Keep abreast of new developments in the financial and tax fields
- Business acumen
- Complete monthly transactional accounting activities and reporting for each cost centre or department to ensure the financial performance and position of the company is accurate, up-to-date and complete
- Monitor accounts to ensure that all charges and expenses, including intercompany, have been accounted for accurately and timeously
- Track project expenses to ensure expenses in line with budgets; and that these are accurately accounted for
- Investigate unusual variances relative to budget and previous year
- Prepare and upload monthly accrual and adjustment schedules taking into account capabilities
- Prepare monthly financial reports for cost centers, intercompany and projects, with relevant commentary
- Complete monthly intercompany and project reconciliations
- Conduct an analysis of costs and business results and support HODs in identifying realistic forecasts
- Find solutions to resolve anomalies and follow-up to ensure execution or change in procedure
- Create and update budget and forecast templates for all cost centers, intercompany and projects
- Support HODs in compiling annual budgets, quarterly forecasts & controls within stipulated deadlines
- Consolidate budgets into a budget for head office to be approved and uploaded into the ERP system
- Monitor the effectiveness of budgeting and use the results to implement improvements, ensuring that future budgets are more accurate, reliable and cost effective
- Make value-add recommendations for cost savings, based on financial information and evaluating proposed projects
- Sign-off of bank payment transactions before being sent for approval.
- Sign-off of all bank transfers
- Continuous monitoring of reconciliation processes to ensure they are being done daily and performed correctly
- Identify and investigate and suspicious transactions / payments
- Respond to queries, refunds and verification of payments into bank accounts
- 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 optimize 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
- Align practices with new financial legislative compliance and regulations
- Implement sufficient control measures (including systems and processes) & checks to mitigate any financial risk to the business
- Communicate actively with departmental managers to review cross-departmental impacts and reconcile data
- Communicate and distribute approved budgets, ensuring HODs receive relevant information
- Communicate with the Financial Management and report on revenue and financial position as required
- Collaborate extensively with the team to ensure all processes are being followed
- 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 make recommendations around remedial action to be taken
- Facilitate monthly meetings with HODs, project owners, and other stakeholders to monitor expenses to budget and forecasts
- Report on financials and resolve any queries raised by the business
- Give advice in line with IFRS, GAAP and other statutory requirements
- Preference will be given to employees from the designated groups in line with the provisions of the Employment Equity Act, No. 55 of 1998, SISA internal recruitment policy as well as units employment equity plans.
- Please note that when applying for any position, reference checks will be completed and personal information as defined in the Protection of Personal Information Act 4 of 2013 will be processed. In applying for this position, applicants will be deemed to have consented to such processing as defined in the included Privacy Statement.
- Please also note that if you have not been contacted within 1 month after the closing date of this advertisement, please accept that your application has been unsuccessful.
