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.
This role will form part of the Ivanhoe Marketing team.
Disclaimer - this role is not open to any third-party providers and any application received from a third-party will be considered as a direct application.
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.
Personal Competencies should include:
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.
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.
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.
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