Cost Controller I 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.

Play your part in our team succeeding...

• We are seeking a detail-oriented and proactive Cost Controller to join our team. This role is responsible for capturing, tracking, and reconciling project costs, ensuring accuracy in payment processing, forecasting, and reporting. The ideal candidate will have strong attention to detail, excellent organizational skills, and the ability to work collaboratively with internal teams to support effective cost management and project delivery. cost control required to assist the project team in managing project costs accurately.

You will have the following:

• Financial/Accounting background 
• Diploma or degree in Finance, Accounting, Project Management, or a related field (advantageous).
• 2-5 years’ experience in project cost control, finance administration, or a similar role.
• Proficiency in ERP systems (Costrac, JDE) and Microsoft Excel (intermediate to advanced level).
• Strong analytical and problem-solving skills.
• Excellent organizational skills with attention to detail.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Strong communication skills and ability to work collaboratively with cross-functional teams.

Personal Competencies should include:

• Good communication and coordination skills

Your Key Performance Activities will include but not limited to: 

Cost Control duties: 
Payment and Invoice Management

• Capture payment certificates based on invoices received.
• Ensure payment certificates are signed off by relevant package managers, budget holders, and project managers.
• Follow up on all outstanding invoices promptly to avoid delays.
• Verify that payments are allocated to the correct package with all supporting documentation checked and signed by relevant parties.
• Generate accruals in Costrac and prepare accrual reports for JDE.
• Maintain and update the invoice tracking sheet between Projects and Finance.

Project Cost Control & Forecasting

• Assist in reconciling project procurement costs with the Procurement Operating Plan (POP).
• Facilitate the creation of package numbers for proper incorporation in the POP.
• Generate package numbers in both Costrac and JDE.
• Support the development of Final Forecast Costs (FFC), proactively identifying risks and recommending mitigations.
• Assist with monthly forecasting updates, compiling relevant reports and cost trend analyses.
• Monitor costs and commitments to ensure alignment with budget and forecast.
• Analyse and report budget and cost variances, providing updated commentary on deviations between budget, forecast, and FFC.
• Upload Final Forecast Cost (FFC) in Costrac.

Change Management and Reporting

• Generate Change Notices (CN) in Costrac, prepare supporting Excel documentation, and manage the approval process in line with Ivanplats Delegation of Authority (DoA).
• Update and maintain the current budget in line with approved CNs.
• Assist with preparation of monthly reports, dashboards, and cost sheets for approval.
• Facilitate month-end meetings with Project Managers to review forecasts and cost updates.

Stakeholder Collaboration

• Maintain strong working relationships with internal teams, particularly Procurement and Finance, to ensure cost data accuracy and timely reporting.
• Provide support to Project Managers and other stakeholders for effective cost control decision-making.