Capital Accountant at Anglo American

Job Description

This role is responsible for the cost control system and schedule tracking of the difference stages of the expansionary project, development capital and SIB for Venetia Mine. The role takes responsibility for providing financial evaluation, support, formulating recommendations and other analysis in support of project. The role requires a broad awareness of both the internal and external environment and how these impact one another. The individual will work closely with Project functions to optimise financial plans and business decisions.

• Provide the required financial leadership and technical expertise to the operation.
• SAP: Perform all capital spend processing, maintain master data and controls relating to PS module.
• Manage the financial planning, budgets, and modelling work for Venetia Mine as well as DBCM CHQ (i.e. Expansionary, Development Capex & SIB): scenario building or assessment relevant to the phase of the specific project (including provision of guidance and challenge to budget holders during the process).
• Ensure that the necessary Strategic Business Plan inputs for incorporation into the operation’s Strategic Business Plan ensuring both accuracy, completeness, and integrated costs.
• Interface with Operations and other stakeholders on short-term, long-term, and life-of-mine models is imperative.
• Provide valuable performance analysis and insights based on monitoring of performance against forecasts and physical progress related metrics throughout projects.
• Manage and prepare monthly and quarterly capital performance reporting together with Project Managers, Mining Engineers, and the General Manager of Venetia Mine.
• Provide cash flow monitoring to ensure related funding requirements are met, always assuring the quality and control of said project planning.
• Generate the necessary information required for project approval.
• Provide the required financial leadership and technical expertise to the operation.
• SAP: Perform all capital spend processing, maintain master data and controls relating to PS module.
• Manage the financial planning, budgets, and modelling work for Venetia Mine as well as DBCM CHQ (i.e. Expansionary, Development Capex & SIB): scenario building or assessment relevant to the phase of the specific project (including provision of guidance and challenge to budget holders during the process).
• Ensure that the necessary Strategic Business Plan inputs for incorporation into the operation’s Strategic Business Plan ensuring both accuracy, completeness, and integrated costs.
• Interface with Operations and other stakeholders on short-term, long-term, and life-of-mine models is imperative.
• Provide valuable performance analysis and insights based on monitoring of performance against forecasts and physical progress related metrics throughout projects.
• Manage and prepare monthly and quarterly capital performance reporting together with Project Managers, Mining Engineers, and the General Manager of Venetia Mine.
• Provide cash flow monitoring to ensure related funding requirements are met, always assuring the quality and control of said project planning.
• Generate the necessary information required for project approval.
• Ensure sound capital cost management processes and perform the necessary reviews to guarantee that detailed cost management supports the overall financial governance and reporting requirements which are aligned with Anglo American, De Beers Group, IFRS and all policies and procedures relevant to capital spend.
• Prepare the necessary Board and Investco notes on the latest capital spend updates.
• Assist and follow up on all internal and external audit reporting requirements relating to capital, including the closing out of audit findings.
• Overseeing all Capital Reporting, e.g., business capital reporting schedules and high-level commentaries to Group Financial Reporting Team.
• In conjunction with MO Group team, ensure the correct capital accounting treatment for all Venetia assets with, a specific focus on the Venetia Underground Project. In addition, ensure correct capitalisation of all capital assets to the Fixed Asset Register.
• Responsible for the coordination of relevant period end activities, ensuring accurate and timeous reporting of management information.
• Responsible for the coordination of relevant Commercial Services risk log, ensuring accurate and timeous reporting of risks, updating of the risk log and assisting with identifying risk mitigation actions.
• Influence, compile, analyse and ensure timeous delivery of accurate operational Anglo American Operating Model inputs and financials to enable management to make informed decisions around which strategies to implement.

Qualifications

Formal qualifications:

• Grade 12/Std 10/N3 or relevant NQF Level 4 qualification.
• B Com Accounting or similar Degree in Accounting.
• Valid Driver’s License.

Preferred:

• Bachelor degree level, appropriate to the job and/or Accounting or equivalents
• CIMA or equivalent qualification

Alternatively:

• A relevant combination of formal Accounting qualifications and additional specialized studies.

Role-specific knowledge:

• Extensive experience in underground and open pit mining /project /construction environment.
• AA Capital Application procedure
• Strong IFRS knowledge and application
• Extensive Excel knowledge
• Extensive SAP knowledge.
• Extensive InEight knowledge

Closing Date:

05 May, 2023