Capital Accountant at Ivanhoe Mines

• The Capital Accountant will take full ownership of the Company’s capital accounting environment and fixed asset governance framework within a growing, capital-intensive mining operation.

Role Overview:

• The successful candidate will establish, strengthen and institutionalise capital accounting systems, componentisation practices and lifecycle cost governance. As the asset base expands, this role is expected to evolve into a more senior Capital and Technical Accounting leadership position within the organisation.
• This is not a transactional accounting role.
• This is a site-based role reporting into the Finance Department.

Suitable candidates must possess the following minimum qualifications and skills:

• Grade 12/ Matric or equivalent (Maths & Physical Science NOT mandatory)
• Chartered Accountant (CA(SA)) – Mandatory
• Strong technical IFRS knowledge, specifically IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets) and related standards

Suitable candidates must have the following work experience:

• 3–5 years post-articles experience
• Mining or heavy industrial experience will be advantageous
• Demonstrated experience managing fixed asset registers in capital-intensive environments
• Experience overseeing assets under construction (CWIP), capitalisation processes and component accounting
• Exposure to audit engagements involving large PPE balances
• Experience engaging with Engineering, Maintenance and Operations in operational environments
• Proven ability to work within ERP environments and Capital Asset Management (CAM) systems (e.g., SAP or equivalent)
• Advanced analytical and financial modelling capability
• Strong understanding of asset life cycle costing and capital governance
• Ability to translate operational data into financial insight

The successful candidate will be responsible for, but not be limited to:

• Take full accountability for the integrity, completeness and accuracy of the fixed asset register
• Establish and formalise capital accounting controls, policies and governance structures
• Ensure strict compliance with IAS 16, including appropriate componentisation of plant and mining equipment
• Implement disciplined depreciation management aligned to operational asset usage
• Oversee and manage rotables and major components, ensuring depreciation ceases when components are removed and recommences when reinstalled and available for use
• Oversee all capital work-in-progress (CWIP) balances and ensure accurate and timely transfer of completed projects into operational assets
• Ensure appropriate capitalisation of qualifying expenditure and enforce capital versus expense discipline
• Leverage Capital Asset Management systems to analyse asset performance and life cycle cost trends
• Identify assets — particularly underground Trackless Mobile Machinery (TMM) — where maintenance costs exceed lifecycle assumptions
• Provide financial insight into repair-versus-replace decisions and actively contribute to capital replacement planning discussions
• Monitor impairment indicators and support technical accounting assessments
• Prepare PPE disclosures and engage directly with external auditors
• Build a scalable capital accounting framework capable of supporting significant asset growth