Cost and Management Accountant (REF: IVP-FIN-2504) at Ivanhoe Mines

• IVANPLATS (Pty) Ltd, a subsidiary of Ivanhoe Mines, is advancing the development of its world-class palladium-rhodium-nickel-copper-gold project in the Limpopo Province near Mokopane. This unique mineral deposit will be exploited using large mechanised state-of-the-art underground mining methods, deploying the latest technology to   develop this “mine of the future”. Suitably qualified and experienced candidates are invited to apply for the following vacancies required for the project development.

Suitable candidates must possess the following minimum qualifications and skills:

• BSc/BA in accounting/Btech, finance or similar field
• Relevant certification (e.g., CMA or CGMA) will be preferred
• Registration with CASA

Suitable candidates must have the following work experience:

• Proven experience as management accountant, accounting supervisor or similar role
• 5 – 7 years in similar role at a mine operation
• Basic and advanced Management accounting accounting principles and practices
• Cost accounting and reporting
• Risk analysis, budgeting and forecasting
• Financial software and MS Office (CAM/JDE)
• Analytical mind with aptitude in math
• Excellent communication and presentation skills
• Organizational and leadership skills
• A problem-solver with attention to detail
• Advanced Excel skills

The Role requirements includes, but not be limited to:

• During the budget season each year, prepare budget templates and distribute to all budget-holders for completion
• Respond to budget-holders’ queries and assist them regarding the completion of their budget templates, timeously and accurately
• Analyse labour cost based on labour plan and headcount from HR and Payroll for incorporation into section budget
• Consolidate all completed budget templates from all budget-holders across the company into the specific budget assigned (OPEX or CAPEX), in conjunction with management accountants and send to the Finance manager to consolidate into a total company budget to be forwarded for shareholder approval
• Once shareholder approval is received, load budget onto the JDE system by 1 January each year
• Supervise, quality assure and synthesise the work of the Accountants and reporting
• Serve as the first point of contact for Ivanplats Management Accounting department
• Analyse financial and resource trends and variance in cost and budget per section and per budget-holder and Cost Code
• Contribute to the month end process and financial period closure, including processing of accruals.
• Calculating inventory and finished product valuations and accounting treatment thereof.
• Collecting and interpreting non-financial production data to contribute to the reporting requirements from stakeholders.
• Give expert input into the Management Discussion Analysis Commentary accompanying reports, together with budget-holders
• Overseer and Quality Assure contributions to the reporting process as compiled by the Senior Officer or operational/ Plant Accountant
• Supervise, quality assure and synthesise the work of the Accountants both operational and the plant and reporting
• Proactively recommend process and systems improvements based on trends and on inefficiencies identified
• Analyse trends, anticipate issues and ensure contingency plans are in place
• Leverage technology to automate, integrate and digitise Management Accounting systems; ensure system integrity
• Identify innovative ways to improve business practices, processes and synergies to save costs, increase efficiencies and improve service delivery
• Conduct bench-marking to stay abreast of competitive best practice
• Provide daily consulting support and services to budget-holders and end-users, by understanding business needs and customising actionable solutions, tools and resources
• Benchmark financial systems and practices against global best practices and advise on improvement opportunities
• Assist end-users and budget-holders in allocation of correct Cost Centres and Cost Codes per order, and recommend budget shifts where relevant and necessary, for both Purchase Orders and Inventory Requests
• Oversee and Quality Assure the Accountants, Cost Controller in functioning as a Management Accounting subject matter expert
• Collaborate with sister departments (Financial Reporting, Financial Accounting, Supply Chain and Commercial department) to achieve the combined outcomes expected from management of these business units. Promote alignment by understanding and communicating the Management Accounting requirements throughout the organisation to enable business-wide collaboration and knowledge sharing
• Balance interests of a variety of stakeholders, readjusting priorities to respond to pressing and changing demands
• Manage stakeholder relationships and quality of service delivery to ensure successful overall business results
• Provide reports on budget usage
• Control expenditure allocation and identify process improvements to contain and reduce costs
• Ensure complete, timeous and accurate reporting with appropriate levels of escalation
• Analyse information and reports to identify trends, discrepancies and inconsistencies for decision-making purposes
• Use systems optimally for data management and give input for system improvement and streamlining
• Ensure compliance with policies, work standards, and governance requirements