Financial Manager at Ivanhoe Mines

You will have the following:

• CA(SA)
• Proven experience as a financial manager in the mining industry
• Minimum 7 years of post-qualifying experience
• Previous experience in a commodity marketing or trading operation a distinct advantage
• Strong understanding of IFRS.

Your Key Performance Activities will include but not limited to: 

Process:

Financial Reporting

• Oversee the preparation of monthly reporting in the ERP system
• Ensure accuracy and integrity of the general ledger and sub-ledgers
• Oversee quarterly reporting to the Group in compliance with IFRS
• Implement and maintain strong internal controls and accounting policies
• Review the annual financial statements as prepared under IFRS
• Prepare board-level financial reports and management commentaries.

Financial Management

• Monitor financial performance and support commercial decision making
• Track logistics and overhead costs and provide actionable insights for cost efficiencies
• Lead working capital optimisation initiatives, focusing on cash flow, accounts receivable, payables, and inventory
• Develop and maintain financial models to support decision-making and scenario analysis
• Prepare the monthly performance review report.

Budgeting and Forecasting

• Lead the annual budgeting process which includes collaboration with department heads to gather inputs
• Analyse variances between budget and actual performance, and recommend corrective actions.

Sales and Accounts Receivable

• Oversee the sales invoicing process in line with commercial contracts
• Ensure outstanding accounts receivable balances are collected on time.

Accounts Payable

• Ensure appropriate controls are in place over accounts payable
• Manage payments of suppliers in line with credit terms.

Inventory Management

• Financial oversight of inventory, including valuation, reconciliation, and obsolescence provisions
• Coordinate with operations and logistics to ensure accurate inventory tracking and cost allocation
• Potential involvement in annual stock takes.

Treasury and Cash Flow Management

• Manage weekly cash flow forecasting
• Oversee bank relationships and foreign exchange management
• Manage debt facilities including compliance with covenants.

Taxation and Compliance

• Ensure compliance with all corporate, VAT, and withholding tax regulations across jurisdictions
• Review tax returns and manage tax audits and correspondence with authorities.

Audit and Governance

• Act as the primary point of contact for external auditors, ensuring timely and effective audit processes
• Coordinate internal audits and implement agreed-upon recommendations
• Maintain risk management and governance frameworks in line with industry best practices.

Team Leadership and Development

• Lead, mentor, and develop a team of finance professionals
• Allocate responsibilities and monitor performance against KPIs and goals
• Foster a culture of accountability, continuous improvement, and professional development within the finance team.