Financial Manager

Description:

IVANHOE MINES is looking for a Financial Manager based in Johannesburg

Ivanhoe Mines is a leading Canadian mining company committed to becoming a global leader in the supply of critical resources required to transition our world to a low-carbon, renewable future. Ivanhoe is focused on developing and expanding its four principal mining and exploration projects in Southern Africa. The development of the Kamoa-Kakula copper mining complex in the Democratic Republic of Congo(DRC), the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa, the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo and exploration on the Western Foreland, near Kamoa-Kakula.

Play your part in our team succeeding...

Ivanhoe Marketing is the commodity marketing, sales and logistics function of the Ivanhoe Mines Group. We are currently recruiting for a commercially astute Financial Manager who will play a critical leadership role in the department.

Operating in the dynamic and complex environment of commodity marketing and logistics, the Financial Manager is responsible for delivering high-quality financial insights and direction, and supporting commercial decision-making, all whilst ensuring robust financial reporting and compliance with relevant financial and tax regulations.

• 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.
  

• Dynamic self-starter
• Strategic mindset with strong analytical and commercial acumen
• Excellent communication and interpersonal skills
• Ability to thrive in a fast-paced, high-pressure, and evolving environment
• High level of integrity, professionalism, and accountability
• Strong leadership and project management capabilities
• Excellent attention to detail.
  

1. 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.

1. 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.

1. 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.

1. Sales and Accounts Receivable

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

1. Accounts Payable

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

1. 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.

1. Treasury and Cash Flow Management

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

1. 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.

1. 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.

1. 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.

The finer details:

When applying, please submit a PDF version of your CV together with certified copies (certification within a 3-month period) of your ID/passport, drivers license and qualifications.

Should you not hear from us within 30 days of the closing date please consider your application unsuccessful.

Requirements:

• 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.
  

• Dynamic self-starter
• Strategic mindset with strong analytical and commercial acumen
• Excellent communication and interpersonal skills
• Ability to thrive in a fast-paced, high-pressure, and evolving environment
• High level of integrity, professionalism, and accountability
• Strong leadership and project management capabilities
• Excellent attention to detail.
  

• 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.

• 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.

• 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.

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

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

• 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.

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

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

• 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.

• 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.