| Job Title: | Bookkeeper Job at Hollywoodbets |
| Company: | Hollywoodbets |
| Job Reference: | Hollywoodbets |
| Location: | Johannesburg, ZA |
| Employment Type: | Full Time |
| Date Posted: | 2024-11-06 |
| Closing Date: | 2025-01-31 |
| Salary: | ZAR 6000 - 7500 per month |
Bookkeeper Job at Hollywoodbets - Job Description
The Role of a Bookkeeper at Hollywoodbets: An In-Depth Analysis
Introduction
Hollywoodbets, a prominent name in the South African gambling industry, is one of the country’s success stories. Originally founded in Durban, KwaZulu-Natal, the company has expanded its operations across Africa and the United Kingdom. Now, Hollywoodbets is looking to add to its talented team by recruiting a Bookkeeper. This article provides a comprehensive analysis of the bookkeeper position at Hollywoodbets, including the responsibilities, skills required, and the opportunities it presents to career growth.
Company Overview: Hollywoodbets
Before diving into the specifics of the bookkeeper role, it is essential to understand the context in which this position exists. Hollywoodbets began as a small, family-run business in Durban and has grown into one of the most recognized and respected brands in the gambling and entertainment industry. Its expansion into the UK and other African markets signifies the company’s aggressive growth strategy. As Hollywoodbets continues to innovate and increase its global footprint, they require a dedicated, skilled workforce to support their operational needs. The company is looking for individuals who are passionate, driven, and ready to contribute to its ongoing success.
Job Overview: Bookkeeper Role at Hollywoodbets
The bookkeeper role at Hollywoodbets is a critical one, tasked with ensuring that financial records are kept accurate and up to date. The successful candidate will work alongside the Financial Accountants, performing essential accounting tasks that support the financial operations of the company. In particular, the bookkeeper will focus on cashbook transactions, reconciliations, and other financial reporting functions, ensuring that they meet the company’s standards for accuracy and timeliness.
Hollywoodbets is looking for someone who thrives in a fast-paced, dynamic environment, embracing the challenges that come with working in the gambling and entertainment industry. This is an excellent opportunity for individuals with a passion for numbers and a desire to work in a growing company with an ambitious outlook.
Key Responsibilities of the Bookkeeper
The bookkeeper at Hollywoodbets will have a wide range of responsibilities, from maintaining daily financial records to supporting the company’s senior financial team with ad-hoc tasks and projects. Below is a detailed breakdown of the key responsibilities associated with this position:
1. Financial Metrics and Cashbook Transactions
One of the primary duties of the bookkeeper is the processing of weekly cashbook transactions. This involves ensuring that all transactions are accurately captured and properly allocated in the company’s financial systems. The bookkeeper must verify that transactions are complete and correctly classified, which is essential for the accuracy of financial reports.
In addition, the bookkeeper will be responsible for reviewing monthly petty cash reconciliations and ensuring that these accounts are balanced correctly. They will also oversee the allocation of payments in the general ledger to ensure that cashbook, debtors, and creditors accounts are in alignment.
The bookkeeper will collaborate with the cashbook clerks, creditors, and debtors teams to ensure that all financial deadlines are met. This coordination is vital to allow sufficient time for a thorough review of all general ledgers before the preparation of the company’s management accounts.
2. Journal Entries and Routine Accounting Functions
The bookkeeper will also be tasked with capturing monthly routine journal entries. These entries are typically reviewed by senior team members, but it is the bookkeeper’s responsibility to ensure that they are correctly recorded. Accuracy in journal entries is crucial for maintaining the integrity of the company’s financial records.
Moreover, the bookkeeper will be responsible for preparing performance measures and supporting reports relevant to management accounts. This includes contributing to monthly high-risk reconciliations, balance sheet reconciliations, and assisting in the preparation of trial balances.
3. VAT and Tax Compliance
Another key responsibility of the bookkeeper is reviewing monthly VAT ledger accounts. This involves preparing both input and output VAT reasonableness schedules and VAT reconciliations. Given the complex nature of tax compliance in the gambling industry, the bookkeeper must ensure that all VAT obligations are accurately accounted for and compliant with local regulations.
4. Audit Support
As part of the financial team, the bookkeeper will be expected to assist with audit preparations. This includes helping with external and internal audits, as well as providing necessary documentation for BEE (Black Economic Empowerment) audits. The ability to work closely with auditors and ensure that all necessary information is provided in a timely manner is critical to the success of the audit process.
Additionally, the bookkeeper may be called upon to assist with year-end audit files and respond to audit queries, ensuring that all financial records are prepared and ready for review.
5. Risk Management and Compliance
Maintaining effective controls and mitigating accounting-related risks is another core responsibility. The bookkeeper will be expected to identify risks and propose measures to reduce or eliminate them. This may involve revising internal processes, recommending changes to the accounting system, or conducting regular reviews to ensure compliance with industry standards.
6. Ad-hoc Tasks and Projects
Beyond regular duties, the bookkeeper will also be involved in various company projects. These projects may include tasks related to system upgrades, process improvements, or ad-hoc financial reporting requirements. The ability to handle multiple tasks and contribute to diverse company initiatives is essential for success in this role.
Skills and Qualifications
To thrive in the bookkeeper role at Hollywoodbets, candidates must possess a combination of technical skills, relevant experience, and a keen interest in the financial industry. Below are the key qualifications and skills that Hollywoodbets is looking for:
1. Technical Skills: Microsoft Office and Accounting Software
The bookkeeper will need to be proficient in the Microsoft Office Suite, especially Excel, as it is a critical tool for managing financial records and creating reports. Additionally, experience with accounting software such as Pastel Evolution or similar platforms is highly desirable. These tools will help the bookkeeper streamline processes, improve accuracy, and produce timely financial reports.
2. Experience and Educational Background
Candidates should have at least one year of bookkeeping or accounting experience. This hands-on experience will be invaluable in managing the day-to-day financial tasks required in the role. In addition, candidates who are currently studying towards a relevant degree or diploma in accounting or finance will be highly regarded. A completed qualification in accounting or finance would be a significant advantage.
3. Attention to Detail and Analytical Thinking
Given the complex nature of financial reporting, the bookkeeper must possess a keen eye for detail and the ability to analyze financial data accurately. This skill is essential for reviewing reconciliations, identifying discrepancies, and ensuring the correctness of journal entries, VAT schedules, and other financial documents.
4. Communication and Teamwork
Effective communication is crucial in any financial role, and the bookkeeper at Hollywoodbets will need to communicate clearly with various teams, including the senior financial team, auditors, and external stakeholders. Additionally, teamwork is a vital part of the company’s culture, and the bookkeeper must be prepared to collaborate with other team members and assist where necessary.
5. Ability to Handle Pressure and Meet Deadlines
Working in the fast-paced gambling industry means that deadlines must be met consistently. The bookkeeper must be able to manage their time effectively and handle the pressure of working within tight timeframes. This is especially important during busy periods, such as the preparation of monthly management accounts or during audit season.
Career Growth and Development
Hollywoodbets places a strong emphasis on the professional development of its employees. The company’s culture encourages growth and learning, offering opportunities for advancement within the organization. For individuals with a strong desire to develop their skills and build a long-term career in finance, the bookkeeper role offers a solid foundation.
With Hollywoodbets expanding its operations globally, there are also opportunities to take on international assignments or transition into other areas of the business. Employees who demonstrate strong performance, innovation, and leadership potential can expect to be rewarded with career growth opportunities.
The Hollywoodbets Culture
Hollywoodbets prides itself on its dynamic and inclusive work culture, known as the “Purple Team.” The company’s core values include Service Excellence, Integrity, Accountability, Innovation, and Ubuntu. As part of the Purple Team, the bookkeeper will be expected to live these values, contributing to a collaborative, high-performance environment.
In addition to professional skills, Hollywoodbets places significant emphasis on personal qualities such as enthusiasm, a positive attitude, and the willingness to contribute to the team’s success. These values create a work atmosphere where employees are encouraged to innovate, grow, and support one another.
Conclusion
The bookkeeper role at Hollywoodbets is a key position within a growing, innovative company. It offers a unique opportunity for individuals passionate about accounting and financial management to be part of a team that is driving one of South Africa’s most successful brands to new heights. With responsibilities spanning cashbook transactions, VAT compliance, audit support, and more, the bookkeeper will play a vital role in ensuring the accuracy and integrity of the company’s financial records. For those with the right qualifications and mindset, this position promises exciting challenges, professional development, and the chance to contribute to a global success story.
If you are ready to join a high-energy, forward-thinking company with big aspirations, Hollywoodbets might just be the place for you.
Introduction
Hollywoodbets, a prominent name in the South African gambling industry, is one of the country’s success stories. Originally founded in Durban, KwaZulu-Natal, the company has expanded its operations across Africa and the United Kingdom. Now, Hollywoodbets is looking to add to its talented team by recruiting a Bookkeeper. This article provides a comprehensive analysis of the bookkeeper position at Hollywoodbets, including the responsibilities, skills required, and the opportunities it presents to career growth.
Company Overview: Hollywoodbets
Before diving into the specifics of the bookkeeper role, it is essential to understand the context in which this position exists. Hollywoodbets began as a small, family-run business in Durban and has grown into one of the most recognized and respected brands in the gambling and entertainment industry. Its expansion into the UK and other African markets signifies the company’s aggressive growth strategy. As Hollywoodbets continues to innovate and increase its global footprint, they require a dedicated, skilled workforce to support their operational needs. The company is looking for individuals who are passionate, driven, and ready to contribute to its ongoing success.
Job Overview: Bookkeeper Role at Hollywoodbets
The bookkeeper role at Hollywoodbets is a critical one, tasked with ensuring that financial records are kept accurate and up to date. The successful candidate will work alongside the Financial Accountants, performing essential accounting tasks that support the financial operations of the company. In particular, the bookkeeper will focus on cashbook transactions, reconciliations, and other financial reporting functions, ensuring that they meet the company’s standards for accuracy and timeliness.
Hollywoodbets is looking for someone who thrives in a fast-paced, dynamic environment, embracing the challenges that come with working in the gambling and entertainment industry. This is an excellent opportunity for individuals with a passion for numbers and a desire to work in a growing company with an ambitious outlook.
Key Responsibilities of the Bookkeeper
The bookkeeper at Hollywoodbets will have a wide range of responsibilities, from maintaining daily financial records to supporting the company’s senior financial team with ad-hoc tasks and projects. Below is a detailed breakdown of the key responsibilities associated with this position:
1. Financial Metrics and Cashbook Transactions
One of the primary duties of the bookkeeper is the processing of weekly cashbook transactions. This involves ensuring that all transactions are accurately captured and properly allocated in the company’s financial systems. The bookkeeper must verify that transactions are complete and correctly classified, which is essential for the accuracy of financial reports.
In addition, the bookkeeper will be responsible for reviewing monthly petty cash reconciliations and ensuring that these accounts are balanced correctly. They will also oversee the allocation of payments in the general ledger to ensure that cashbook, debtors, and creditors accounts are in alignment.
The bookkeeper will collaborate with the cashbook clerks, creditors, and debtors teams to ensure that all financial deadlines are met. This coordination is vital to allow sufficient time for a thorough review of all general ledgers before the preparation of the company’s management accounts.
2. Journal Entries and Routine Accounting Functions
The bookkeeper will also be tasked with capturing monthly routine journal entries. These entries are typically reviewed by senior team members, but it is the bookkeeper’s responsibility to ensure that they are correctly recorded. Accuracy in journal entries is crucial for maintaining the integrity of the company’s financial records.
Moreover, the bookkeeper will be responsible for preparing performance measures and supporting reports relevant to management accounts. This includes contributing to monthly high-risk reconciliations, balance sheet reconciliations, and assisting in the preparation of trial balances.
3. VAT and Tax Compliance
Another key responsibility of the bookkeeper is reviewing monthly VAT ledger accounts. This involves preparing both input and output VAT reasonableness schedules and VAT reconciliations. Given the complex nature of tax compliance in the gambling industry, the bookkeeper must ensure that all VAT obligations are accurately accounted for and compliant with local regulations.
4. Audit Support
As part of the financial team, the bookkeeper will be expected to assist with audit preparations. This includes helping with external and internal audits, as well as providing necessary documentation for BEE (Black Economic Empowerment) audits. The ability to work closely with auditors and ensure that all necessary information is provided in a timely manner is critical to the success of the audit process.
Additionally, the bookkeeper may be called upon to assist with year-end audit files and respond to audit queries, ensuring that all financial records are prepared and ready for review.
5. Risk Management and Compliance
Maintaining effective controls and mitigating accounting-related risks is another core responsibility. The bookkeeper will be expected to identify risks and propose measures to reduce or eliminate them. This may involve revising internal processes, recommending changes to the accounting system, or conducting regular reviews to ensure compliance with industry standards.
6. Ad-hoc Tasks and Projects
Beyond regular duties, the bookkeeper will also be involved in various company projects. These projects may include tasks related to system upgrades, process improvements, or ad-hoc financial reporting requirements. The ability to handle multiple tasks and contribute to diverse company initiatives is essential for success in this role.
Skills and Qualifications
To thrive in the bookkeeper role at Hollywoodbets, candidates must possess a combination of technical skills, relevant experience, and a keen interest in the financial industry. Below are the key qualifications and skills that Hollywoodbets is looking for:
1. Technical Skills: Microsoft Office and Accounting Software
The bookkeeper will need to be proficient in the Microsoft Office Suite, especially Excel, as it is a critical tool for managing financial records and creating reports. Additionally, experience with accounting software such as Pastel Evolution or similar platforms is highly desirable. These tools will help the bookkeeper streamline processes, improve accuracy, and produce timely financial reports.
2. Experience and Educational Background
Candidates should have at least one year of bookkeeping or accounting experience. This hands-on experience will be invaluable in managing the day-to-day financial tasks required in the role. In addition, candidates who are currently studying towards a relevant degree or diploma in accounting or finance will be highly regarded. A completed qualification in accounting or finance would be a significant advantage.
3. Attention to Detail and Analytical Thinking
Given the complex nature of financial reporting, the bookkeeper must possess a keen eye for detail and the ability to analyze financial data accurately. This skill is essential for reviewing reconciliations, identifying discrepancies, and ensuring the correctness of journal entries, VAT schedules, and other financial documents.
4. Communication and Teamwork
Effective communication is crucial in any financial role, and the bookkeeper at Hollywoodbets will need to communicate clearly with various teams, including the senior financial team, auditors, and external stakeholders. Additionally, teamwork is a vital part of the company’s culture, and the bookkeeper must be prepared to collaborate with other team members and assist where necessary.
5. Ability to Handle Pressure and Meet Deadlines
Working in the fast-paced gambling industry means that deadlines must be met consistently. The bookkeeper must be able to manage their time effectively and handle the pressure of working within tight timeframes. This is especially important during busy periods, such as the preparation of monthly management accounts or during audit season.
Career Growth and Development
Hollywoodbets places a strong emphasis on the professional development of its employees. The company’s culture encourages growth and learning, offering opportunities for advancement within the organization. For individuals with a strong desire to develop their skills and build a long-term career in finance, the bookkeeper role offers a solid foundation.
With Hollywoodbets expanding its operations globally, there are also opportunities to take on international assignments or transition into other areas of the business. Employees who demonstrate strong performance, innovation, and leadership potential can expect to be rewarded with career growth opportunities.
The Hollywoodbets Culture
Hollywoodbets prides itself on its dynamic and inclusive work culture, known as the “Purple Team.” The company’s core values include Service Excellence, Integrity, Accountability, Innovation, and Ubuntu. As part of the Purple Team, the bookkeeper will be expected to live these values, contributing to a collaborative, high-performance environment.
In addition to professional skills, Hollywoodbets places significant emphasis on personal qualities such as enthusiasm, a positive attitude, and the willingness to contribute to the team’s success. These values create a work atmosphere where employees are encouraged to innovate, grow, and support one another.
Conclusion
The bookkeeper role at Hollywoodbets is a key position within a growing, innovative company. It offers a unique opportunity for individuals passionate about accounting and financial management to be part of a team that is driving one of South Africa’s most successful brands to new heights. With responsibilities spanning cashbook transactions, VAT compliance, audit support, and more, the bookkeeper will play a vital role in ensuring the accuracy and integrity of the company’s financial records. For those with the right qualifications and mindset, this position promises exciting challenges, professional development, and the chance to contribute to a global success story.
If you are ready to join a high-energy, forward-thinking company with big aspirations, Hollywoodbets might just be the place for you.
