Financial Accountant (iBranch)

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 Financial Accountant (iBranch) to be based in our Umhlanga offices. Do you think you have what it takes to be our newest Purple Star?

The successful candidate will be responsible for processing monthly journals, reviewing general ledger entries, preparing management accounts, and compiling relevant performance metrics for review by the Junior Financial Manager. Duties also include preparing monthly reconciliations for all balance sheet accounts, VAT reconciliations with supporting schedules, and audit-related schedules and documentation as requested by the external auditors. Additionally, this role involves direct supervision and mentoring of junior team members and providing support to the Junior Financial Manager in fulfilling their responsibilities — all pertaining to Ibranch.

 

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:

• Matric
• Studying towards Relevant Degree/Diploma
• Microsoft Office skills
• Strong understanding of IBranch operational and financial processes
• Sage Evolution or Similar Accounting Software

 

What You’ll Do for The Brand: 

Financial metrics

• Review IBranch general ledgers to ensure cashbook and creditors capturing are correctly allocated and VAT correctly accounted for.
• Capturing and posting monthly journals for IBranch.
• Preparation of certain monthly IBranch management accounts allocated by the Junior Financial Managers.
•  Analytical review of the allocated IBranch accounts and provide commentary on variances.
• Compile reports highlighting monthly fluctuations on key IBranch accounts – producing graphs.
• Ensure IBranch management accounts are prepared timeously for review by the Senior Accountants and Junior Financial Managers.
• Assisting in the preparation of annual financial statements. Preparation of monthly IBranch Balance Sheet reconciliations in line with the monthly deadlines communicated by Management.
• Review the journals, reconciliations, and cash books prepared by IBranch junior team members to ensure accuracy and compliance. Processing non-routine transactions and complex transactions for IBranch.
• Ensure that supplier payments are made in accordance with the terms specified in relevant agreements.
• Review and approve payments submitted by creditors, ensuring their validity and accuracy to prevent any financial losses to the business. Ensure that variances or discrepancies are investigated and reported accordingly. Where escalations are required, to direct these to the relevant department and to your manager.
• Ensure cashbook clerks, creditors and debtors meet their deadlines to allow sufficient time for review of all IBranch general ledgers before preparation of management accounts.
• Assist with the preparation of VAT Recons and the review of VAT general ledger accounts, prepare Output and Input Reasonableness schedules and VAT reconciliation.
• Assist with the preparation of Income Tax and Deferred Tax computations.
• Review loans and creditors, reconciliations to external statements for IBranch.
• Conduct data testing calculations, ensuring accurate transfer and validation from the internal database to external softwares. Meet with the relevant HTUV distributors to resolve variances or any unpaid monies owed to the business in a timely manner.
• Prepare all schedules required by External Auditors, Internal Auditors and BEE Auditors for IBranch.
• Facilitate requests by auditors for documents required for substantive testing for IBranch.
• Assist the Junior Financial Managers on ad hoc tasks related to IBranch.
• Track performance and schedule review meetings with the Junior Financial Managers for IBranch.

 

Compliance, risk and quality

• Comply with company policies and procedures.
• Ensure logical saving of all IBranch work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own during audits.
• Produce high-quality, neat, logical, formula-linked work/templates/workbooks/financial models for IBranch substantiated by facts.
• Ensure final versions and other documents for IBranch are chronologically saved/backed up.
• 100% compliance with COSACT, Tax Acts, IFRS/IFRS for SMEs and other laws/regulations relating to finance.
• Preparation and quarterly updating of IBranch process write-ups.

 

Growth and new markets/products

• Ensure measures are put in place and steps are taken to achieve IBranch short, medium, and long-term goals.
• Perform ad hoc tasks as required for IBranch.

 

What You’ll Bring To The Team: 

• Financial Accounting & Reporting
• Variance & Performance Analysis
• Taxation & Compliance
• Audit Preparation & Support
• Cashbook, Creditors & Debtors Management
• Financial Control & Risk Management
• General Ledger Management
• Data Analysis
• Variance Analysis
• Excel Expertise

 

So, are you ready to level up, learn, and perform at your best? Apply now!

Please note that only applicants who meet the stipulated minimum requirements will be considered.

Please be advised that should you not be contacted within 30 days, kindly consider your application to be unsuccessful.