Capital Accountant

Description:

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”.

The Capital Accountant will take full ownership of the Company’s capital accounting environment and fixed asset governance framework within a growing, capital-intensive mining operation.

Role Overview:

• The successful candidate will establish, strengthen and institutionalise capital accounting systems, componentisation practices and lifecycle cost governance. As the asset base expands, this role is expected to evolve into a more senior Capital and Technical Accounting leadership position within the organisation.
• This is not a transactional accounting role.
• This is a site-based role reporting into the Finance Department.
  

Suitable candidates must possess the following minimum qualifications and skills :

• Grade 12/ Matric or equivalent (Maths & Physical Science NOT mandatory)
• Chartered Accountant (CA(SA)) – Mandatory
• Strong technical IFRS knowledge, specifically IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets) and related standards

Suitable candidates must have the following work experience:

• 3–5 years post-articles experience
• Mining or heavy industrial experience will be advantageous
• Demonstrated experience managing fixed asset registers in capital-intensive environments
• Experience overseeing assets under construction (CWIP), capitalisation processes and component accounting
• Exposure to audit engagements involving large PPE balances
• Experience engaging with Engineering, Maintenance and Operations in operational environments
• Proven ability to work within ERP environments and Capital Asset Management (CAM) systems (e.g., SAP or equivalent)
• Advanced analytical and financial modelling capability
• Strong understanding of asset life cycle costing and capital governance
• Ability to translate operational data into financial insight

The successful candidate will be responsible for, but not be limited to:

• Take full accountability for the integrity, completeness and accuracy of the fixed asset register
• Establish and formalise capital accounting controls, policies and governance structures
• Ensure strict compliance with IAS 16, including appropriate componentisation of plant and mining equipment
• Implement disciplined depreciation management aligned to operational asset usage
• Oversee and manage rotables and major components, ensuring depreciation ceases when components are removed and recommences when reinstalled and available for use
• Oversee all capital work-in-progress (CWIP) balances and ensure accurate and timely transfer of completed projects into operational assets
• Ensure appropriate capitalisation of qualifying expenditure and enforce capital versus expense discipline
• Leverage Capital Asset Management systems to analyse asset performance and life cycle cost trends
• Identify assets — particularly underground Trackless Mobile Machinery (TMM) — where maintenance costs exceed lifecycle assumptions
• Provide financial insight into repair-versus-replace decisions and actively contribute to capital replacement planning discussions
• Monitor impairment indicators and support technical accounting assessments
• Prepare PPE disclosures and engage directly with external auditors
• Build a scalable capital accounting framework capable of supporting significant asset growth
  

Applications must be forwarded to www.ivanhoecommunities.com on or before the closing date. The company will NOT consider applications received after the closing date. Permanent RSA

Closing date: 24February 2026

Preference will be given to Historically Disadvantaged South Africans (HDSA) from local communities surrounding Ivanplats Platreef mine. Applications are only open to South African Citizens and Permanent RSA Residents.

Should you not hear from the Company within 14 days of the closing date, you should assume that your application has not been successful.

Requirements:

• The successful candidate will establish, strengthen and institutionalise capital accounting systems, componentisation practices and lifecycle cost governance. As the asset base expands, this role is expected to evolve into a more senior Capital and Technical Accounting leadership position within the organisation.
• This is not a transactional accounting role.
• This is a site-based role reporting into the Finance Department.
  

• Grade 12/ Matric or equivalent (Maths & Physical Science NOT mandatory)
• Chartered Accountant (CA(SA)) – Mandatory
• Strong technical IFRS knowledge, specifically IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets) and related standards

• 3–5 years post-articles experience
• Mining or heavy industrial experience will be advantageous
• Demonstrated experience managing fixed asset registers in capital-intensive environments
• Experience overseeing assets under construction (CWIP), capitalisation processes and component accounting
• Exposure to audit engagements involving large PPE balances
• Experience engaging with Engineering, Maintenance and Operations in operational environments
• Proven ability to work within ERP environments and Capital Asset Management (CAM) systems (e.g., SAP or equivalent)
• Advanced analytical and financial modelling capability
• Strong understanding of asset life cycle costing and capital governance
• Ability to translate operational data into financial insight

• Take full accountability for the integrity, completeness and accuracy of the fixed asset register
• Establish and formalise capital accounting controls, policies and governance structures
• Ensure strict compliance with IAS 16, including appropriate componentisation of plant and mining equipment
• Implement disciplined depreciation management aligned to operational asset usage
• Oversee and manage rotables and major components, ensuring depreciation ceases when components are removed and recommences when reinstalled and available for use
• Oversee all capital work-in-progress (CWIP) balances and ensure accurate and timely transfer of completed projects into operational assets
• Ensure appropriate capitalisation of qualifying expenditure and enforce capital versus expense discipline
• Leverage Capital Asset Management systems to analyse asset performance and life cycle cost trends
• Identify assets — particularly underground Trackless Mobile Machinery (TMM) — where maintenance costs exceed lifecycle assumptions
• Provide financial insight into repair-versus-replace decisions and actively contribute to capital replacement planning discussions
• Monitor impairment indicators and support technical accounting assessments
• Prepare PPE disclosures and engage directly with external auditors
• Build a scalable capital accounting framework capable of supporting significant asset growth