Financial Operations Manager

Job Purpose

Reporting to the General Manager, the Finance Operations Manager for the business unit is responsible for the effective day-to-day management of the business unit’s financial performance, financial controls, fiscal discipline and leadership of the finance team with specific regard to achieving business profitability and improving financial operational standards, in line with gaming regulations, legislative requirements and Sun standards. This will be achieved through collaboration with Central Office Finance and Shared Services teams and Business Unit management teams, managing relationships with all stakeholders, and focusing on high levels of operational compliance and solid commercial leadership.

The role will also be responsible to grow solid and engaged talent to support the sustainability of finance operations and enable the business vision

• Delivered Financial Planning & Results
• Understand the business strategy and budgets and align Unit financial objectives and targets accordingly.
• 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 to increase revenues or create efficiencies for the property.
• Collaborate with stakeholders to initiative and manage projects to improve financial results for the property.
• Direct risk analyses i.t.o impact on short term profit margins vs. long term sustainability
• Compile and manage a risk register for the business unit according to group and unit standards.
• Co-ordinate internal and external financial audits
• Oversee and manage the financial reporting on projects and initiatives.
• Manage and allocate people and operational resources for the department to deliver financial objectives and results.
• Align strategies with BBBEE transformational strategies which contribute towards targets being achieved for the business unit and group.
• Act as the SME and be a sound and credible counsel on Financial statutory legislation and tax requirements for the business unit.
• Communicate actively with Business Operations, HR and Finance to review cross-departmental impacts and reconcile data.
• Build strong, functioning relationship with stakeholders including the SSC, business partners, procurement providers.
• Financial Governance
• Oversee management and communication of financial standards and processes and align 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 that fall outside the scope of the SSC
• 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.
• Finance Operations Management
• Oversee the recording and delivery of financial transactions using the services of the SSC for all financial functions on the property to ensure the financial position of the unit is accurate and up to date.
• Oversee the recording and delivery of the Cashiering and Casino Administration functions.
• Investigate unusual variances relative to budget and previous year.
• Conduct an analysis of business results and identify relative trends to ensure realistic forecasts.
• Compile monthly and quarterly forecasts.
• Compile annual Budgets, forecasts & controls.
• Provide commentary on management accounts.
• Motivate and manage Capex requirements.
• Manage stock control and stock management processes.
• Manage Procurement processes and relationships to ensure monitoring and tracking of price movements to minimize input cost fluctuations.
• Approve Purchase Requisition s for the unit based on approval limits.
• 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…