Chief Financial Officer: Racing at Hollywoodbets

Job Description

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 a Chief Financial Officer: Racing to be based in Umhlanga. Do you think you have what it takes to be our newest Purple Star?

The successful candidate will be responsible for strategic leadership and financial oversight of the Non-gaming and Properties businesses within the broader Hollywoodbets Group.

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:

• Degree/Honours in Finance
• 5 years’ experience in a Senior Financial role as a Financial Director or Chief Financial Officer

A Bonus To Have:

• Registered Chartered Accountant
• Experience in Racing Industry

What You’ll Do For The Brand:
Financial metrics

• Monthly executive reporting and oversight and approval of monthly management accounts.
• Quarterly board reporting and presentations.
• Financial accounting and controls design, implementation, and oversight.
• Oversight of management accounting and information reporting within the business and to the executive team.
• Review and sign-off of annual financial statements.
• Oversight of external audit process during interim and year-end audits.
• Assist internal audit with improving efficiencies around reporting and reconciling of key Racing recons.
• Treasury management, including improving efficiencies in operational approval processes and developing banking relationships to negotiate facilities where required.
• Foreign exchange risk management.
• Cash and working capital management.
• Planning, budgeting, and forecasting.
• Project assessment and viability studies.
• Risk management and insurance process oversight and management.
• Tax compliance and structuring.
• Asset management.
• Management of employee benefits and attendance at Remcom.
• Review and approval of salary payments on a monthly basis.
• Review and approve credit applications (supplier and debtor credit applications) and necessary legal agreements.
• Corporate law, SARB, tax, and BEE annual compliance and structuring analysis.
• Support the Group CFO and CEO with strategic initiatives.

People

• Living HW values of Service Excellence, Commitment, Integrity, Accountability, Enthusiasm, Ubuntu, and Innovation.
• Direct supervision and mentoring of the relevant members of the Finance team
• Creation and maintenance of roles and job descriptions and KPIs for your direct report subordinates, including annual performance reviews.
• Attend to disciplinary issues which include PIP’s, warnings, and hearings
• Sourcing, attendance, and performance of training as and when needed for staff.
• Adequate recognition of staff efforts.
• Sustainable morale and team building initiatives.
• Recruitment and related interviews.
• Talent retention.
• Succession planning (through effective mentoring and counselling).

What You’ll Bring To The Team:

• Strong sense of Financial, Business, and Commercial Acumen
• Experience with reporting to the Board and Risk and Finance Committees
• Good Financial Management experience and understanding
• Experience with Compliance and Statutory Requirements as well as the relevant legislation