Responsible for managing the governance, reporting, planning, and forecasting, around capital projects. This role shall also lead the post implementation review of major capital projects, and provide review and oversight of the internal and external mine site performance reporting. The incumbent will also work closely with the mine site finance team on mine performance reporting, the project development team, corporate finance and senior management.
Key Area: Capital management
Leads the approval for capital expenditure (“AFE”) process
Manage the capital approval process through the Capital Review Committee (“CRC”), managing time and priorities appropriately
Ensure site is submitting requests with all the proper documentation and in sufficient time for internal review
Create standardized presentation templates for most common types of capital, integrating feedback from previous PIR’s and ensuring that site teams are all well trained on using the new formats
Plans the Capital Review Committee meetings well in advance and ensures documentation is circulated well in advance
For each capital request
reviews for alignment with Life of Mine (“LOM”) plans
guides the mine sites in making the business case in the corporate determined formats and guidelines
leverages systems (BPM) and ensures appropriate KPI’s, analytics and success factors are included in the business case
reviews all back-up documentation and business case to ensure completeness and validity
Prepares memos on behalf of COO /CFO to the Board of Directors as determined by AFE policy
Manages internal and external reporting of Capital expenditures
Reviews the monthly/ quarterly management reports on capital expenditures by site, project and AFE
Reviews monthly capital expenditure tracking reports and highlights overspend and exceptions
Reports on cost, timing of completion and percentage of completion
Presents monthly reporting at CRC meetings with comprehensive and meaningful executive summary
Reviews capital expenditure reporting for the quarterly MD&A
Collaborates with financial reporting/site finance teams on capital reported in the cash flow statement
Use the World Gold Council Guidance on All-in-sustaining costs to report capital as sustaining or non-sustaining
Reviews the capitalized stripping models monthly and provides assurance on accounting
Uses systems (Oracle, HFM, BPM) to automate reporting
Capital expenditure planning
Reports on the capital expenditure plans of each site for the budget and five year plan, quarterly forecast and estimates
Proposes, and closely manages adherence to, external guidance on capital expenditures
Assists sites with prioritization of capital expenditures
Maintains AFE policies/standards
Owns (maintains and updates) the AFE standard
Guides and trains the sites on application of the AFE policy, including supplemental AFE’s
Act as the Corporate lead for the following initiatives over the course of the contract term:
Conduct 2-3 Post Implementation Reviews (PIR’s )
Define the scope, original deliverables and KPI’s expected for each project selected
Assemble and lead a cross functional team
Prepare final report, with stakeholder input, and present findings to the Capital Review Committee
Automate the AFE approval process in SharePoint, ensuring adequate controls and procedures for all changes and the use of standardize templates
Support the Capital Spares/Maintenance project to drive positive impact on capital spares planning and reporting
Operations Performance Reporting: To support the reporting process and review all operational information included in external/internal reporting.
Reviews, and manages the preparation of operations finance deliverables.
Review Quarterly Operations MD&A and guidance
review site metal accounting models and approves JV entries
review of all analysis such as AISC, cash costs, cost of sales, revenue, depreciation, royalties, inventory dashboards
Internal management reports:
review the quarterly Cost of Sales report, the executive summary, Audit committee deck
Uses systems (BPM – Oracle oBI) to review operating costs variances and trends
Reviews monthly operations reports and financial statements for consistency in accounting policies with established policies.
Working with the technical accounting group, ensure communication, follow-up, and proper implementation of new accounting pronouncements.
Continuous improvement initiatives- Initiate the automation of, and improvements in, all analysis. Prepare templates for analysis, as required, and send to operations.
What we look for:
Degree in Accounting/Finance, Business Administration, or related area
Professional accounting designation such as CA, CGA, CMA
A minimum of 10+ years of progressive finance experience
Previous experience to review financial models required
Mining industry related experience is preferable.
Excellent stakeholder management skills
Self-starter; Ability to work independently in a dynamic environment
Strong process improvement background, with demonstrated project and change management experience
Proven hands-on experience of business case development and financial analysis techniques.
Sound understanding of IFRS and complex financial modeling.
Strong planning and analytical abilities, with excellent attention to detail.
Adherence to high ethical standards, demonstrating accountability, integrity and transparency in actions at all times.
Strong technical skills in excel, and proficiency in Hyperion (HFM and HPB), and Oracle (eBS Finance, oBI) an asset.
Ability to meet tight deadlines and take responsibility for timely and accurate completion of tasks.
Strong organizational and time management skills, with the ability to work independently and to establish priorities with minimal supervision.
Excellent oral and written communication skills.
Fluency in French would be an asset.
IAMGOLD is committed to treating all people in a way that respects their dignity and independence. Should you require any accommodation during the recruitment process or otherwise, please notify us of this when you apply and we will work with you to meet your accessibility needs.
Primary Location: Canada
Work Locations: 19 - Toronto Head Office 401 Bay Street Suite 3200 Toronto M5H 2Y4
Organization: Finance CFO
Job Posting: Mar 13, 2020, 1:00:41 AM