Financial Accountant (REF: IVP-FIN-2614)

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”. Suitably qualified and experienced candidates are invited to apply for the following vacancies required for the project development.

Role Overview

• This is not a transactional accounting role.
• The Financial Accountant will take ownership of the Company’s core financial accounting processes within a growing underground mining operation: the accounts payable control environment, the month-end close, the cash and bank process, the revenue process and the Group’s intercompany and interest transactions.
• The successful candidate will be accountable for the governance and controls of the accounts payable function (with an Accounts Payable Supervisor reporting into the role), will ensure that all bank transactions are processed and all accruals raised before each month-end close, and will own the technically complex revenue accounting for concentrate sales under the Company’s offtake agreements, as well as the intercompany loan and interest accounting across the Group structure.
• This is a site-based role reporting to the Senior Financial Accountant

Suitable candidates must possess the following minimum qualifications and skills:

• Grade 12/ Matric or equivalent (Maths & Physical Science NOT mandatory)
• Chartered Accountant (CA(SA)) or SAIPA – Mandatory
• Strong technical IFRS knowledge, specifically IFRS 15 (Revenue) and IFRS 9 (Financial Instruments)
• Advanced Excel skills
• Valid driver’s licence

Suitable candidates must have the following work experience:

• 4–8 years post-articles experience
• Mining or heavy industrial experience will be advantageous
• Demonstrated experience running a month-end close and owning bank and balance sheet reconciliations in an ERP environment
• Experience overseeing an accounts payable function, including payment controls, supplier reconciliations and age analysis management
• Experience with commodity sales under offtake agreements, provisional pricing and quotational period adjustments will be advantageous
• Experience with intercompany and group loan accounting in a multi-entity, multi-currency structure
• Exposure to audit engagements involving revenue, receivables, payables and borrowings
• Proven ability to work within ERP environments (e.g. JD Edwards or equivalent)
• Experience supervising and developing finance staff
• Strong reconciliation and analytical capability with the ability to bridge operational data (tonnes, assays, prices) to reported revenue

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

• Take overall accountability for the accounts payable function: design and enforce payment, supplier master and segregation-of-duties controls, approve payment runs and ensure suppliers are paid within 30 days of statement
• Own the month-end close: ensure all bank transactions are processed and allocated, all accruals raised, and all bank and balance sheet accounts reconciled within deadline
• Ensure subledgers balance to the general ledger and trial balance monthly, and that expenses are allocated to the correct business units and cost codes
• Own the revenue process for concentrate sales: provisional invoicing, quotational period pricing, treatment and refining charges, payable metal and final settlement adjustments in accordance with the offtake agreements and IFRS 15 / IFRS 9
• Reconcile despatched tonnes, assays and metal content to the revenue ledger and reconcile receivables to customer settlements
• Account for intercompany loans, recharges and balances across the Group; reconcile and confirm balances with counterparties monthly and provide consolidation elimination schedules
• Calculate and account for interest and borrowing costs on shareholder, intercompany and external facilities, including capitalisation under IAS 23 and withholding tax
• Prepare audit-ready working papers and disclosures for revenue, receivables, payables, intercompany balances and borrowings, and engage directly with external auditors
• Draft, implement and maintain finance policies and procedures for accounts payable, month-end close, revenue and intercompany accounting
• Manage and develop the Accounts Payable Supervisor, Bookkeepers and team

What This Role Offers

• Ownership of the core financial accounting processes of a world-class underground mining operation as it ramps up to steady-state production
• Direct exposure to complex commodity revenue accounting and Group financing structures
• Opportunity to build and institutionalise the accounts payable and month-end control framework
• Clear growth trajectory into a broader financial accounting and reporting leadership role as the operation matures

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

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