Statutory Manager

Purpose of the Role:
This role is integral to the finance team and its reporting to the business, spanning multiple entities worldwide. Reporting to the Senior Finance Manager, this role looks after all statutory, financial compliance, reporting and taxes across all silos.  The entities constitute SA and foreign entities in the online gaming industry and companies supporting those activities with operational and marketing outsourced services.  
This role is both numbers and people focused and therefore requires the candidate to be highly numerate, well organised, deadline driven and have the ability to lead a team to meet deadlines and improve processes. Attention to detail and accuracy is non-negotiable.
 
 
Duties will include, but not limited to:
Oversight of standard monthly team processes:

• Overall management (including review and confirmation of submission) of monthly and regulatory returns ensuring all deliverables are met on time.
• Overall review of statutory teams output including:

 
Reporting
Monthly Reporting

• Preparation /review of monthly reports for in country partners and stakeholders.
• Ensure early roll over of all reports for the new month.
• Ensure that large balances are supported by a note.
• Ensure all reports are ready for management review and follow up where reports are required from the greater finance team.
• Review of financial statements and management accounts sent to external administrators.

Statutory Reporting

• Review of single entity and annual consolidated financial statements including all notes.
• Review of all accounting policies and ensure that all new accounting policies have been accounted for in the relevant sets of financial statements and consistent application across responsible entities and compliance to IFRS.

Board reporting

• Assistance with the preparation and coordination of all information for board reports.
• Ensure disclosure in the AFS 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; and
• Liquidity risk and evaluation of working capital management across all groups (Cash flow vs liquidity and solvency ratio).

Compliance reporting

• Review of all required reporting and submissions for regulated markets
• Review of all required reporting for all Gaming Authorities eg MGA.
• All monthly and annual entity reports to administrators.
• All reporting to be standardized across entities.

Adhoc reporting as required by management
Drive efficiencies in processes: Taxation, Research

• Review of research papers prepared 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.
• Benefits of tax structures such as head quarter companies and testing for compliance.

• Assist with forecasts for management for potential new markets including all taxes in order to determine future profitability and breakeven points.
• Review and 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.

Adhoc reporting

• Final review and submission of gaming vat and tax calculations for all regions.
• Submission of calculations via lawyers or website, request payment and follow through to completion before deadline.
• Follow up on payment requests to ensure taxes are paid before the deadline.
• Assist with queries received from the relevant authorities and coordinate required information.

Normal VAT

• Final review gaming vat and tax calculations for all regions.
• Submission of calculations via lawyers or website, request payment and follow through to completion prior to deadlines.
• Follow up on payment requests 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.
• Review 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.
• Set up and training of management accountants on any changes to taxes and taxes in new regions.

Audit reviews
Year-end audit files (External)

• Obtain audit fees across all entities and request new proposed audit fees for negotiation.
• Prepare audit timeline and plan each year and agree with the auditors (Financial Manager to be involved).
• Set up of all audit review meetings.
• Review research of new IFRS and apply to annual financial statements where applicable.
• Manage the audit process:
• Ensure uploads of all audit files onto audit portal.
• Ensure 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.
• Manage the coordination all audit queries received.
• Maintain an audit query list to ensure all queries answered and to assist with the following years audit.
• Review of drafted of financial statements for management and audit review.
• Review of audit journals:
• Review summary of audit and client journals resulting from audits and compare compare TBs after journals were posted to signed AFS.

Quarterly audit files (Internal)

• Set up meetings for quarterly audit reviews for entities.

Statutory

• Obtain and maintain relevant group structures.
• Obtain an understanding of the group structures.
• Agree all share capital to all relevant statutory documents and ensure that all investments are correctly recorded and consolidate out.
• Maintain a director’s register for all entities in group structures.

Accounting recording and reporting systems
New business

• Assist financial accountants and financial managers with new company set up for entities the statutory structure (organic or acquired) in Navision and Cognos ensuring consistency with all other entities.
• Assistance with setting up new trial balances, vendors, banks, customers with responsible person.
• Mapping new entities in Cognos and ensuring all reporting updated accordingly.

Ongoing maintenance

• Review mapping of all new accounts in Cognos and ensure consistency across all entities.
• Review all trial balances to ensure consistency especially, intergroup, receivables, payables and fees.
• System maintenance
• Create new GL accounts.
• Open and close accounting periods in NAV.
• Refresh single, multiple or all entities in Cognos.
• Open and close GL accounts for posting.
• Investigate errors in posting to NAV (various).
• Keep Cognos mapping relevant.
• Effective training of other team members on Cognos and for report building to ensure that each team member is able to complete month and year-ends to final reporting.
• Review of new Cognos KPI’s

Team management:

• Communicate clearly and effectively at all levels, both internally and externally.
• Openly communicate with managers and team members to ensure that all key deliverables are met on time and accurately and any queries are resolved timeously.
• Effectively feed information to required members of the team to ensure all important updates are shared appropriately. 
• Manage others’ expectations appropriately and proactively communicates any potential problems.
• Provide guidance, mentoring and support to all direct reports to ensure that each team is working efficiently and cohesively.
• Daily team management and assistance.
• Provide necessary mentoring (regular team meetings and employee one on one’s) and training.
• Bi-annual setting and KPI setting of objectives with teams.
• Bi-annual appraisals of team members.

Ad hoc projects:

• Business continuity – prepare / review and maintain detailed process notes
• Ad hoc projects as may be required from time to time.
• Ensure director liability insurance is appropriately updated.

 
 
 
Essential Criteria:

• CA(SA) or ACCA equivalent.
• Financial accounting reporting experience.
• Strong knowledge of IFRS.
• Minimum 3 years managerial experience.
• Demonstrates consistent behavior aligned to the Organizational Performance Culture

 
Desirable Criteria:

• Proficient in Microsoft Excel.
• Experience in Navision.
• Experience in Cognos

 
Person Specifications:

• Management, Motivation & Leadership
• Accountability and Execution
• Effectiveness & Delivery
• Time management
• Business acumen
• Stress Tolerance