De Beers Group Capital Accountant

De Beers Group Johannesburg, Gauteng, South Africa

(Incumbent will be required to Fly-In & Fly-out to Musina once a month)

Venetia Mine is a Tier 1 asset in the Anglo American portfolio with a strategic and commercial imperative to achieve the business objectives, including the completion of the Venetia Underground Project, which is currently the single largest mining investment in Africa.

Significant operational improvements are required to achieve the company’s ambition to be the pioneer of a new diamond world. This includes realisation of P101, Zero Harm, Elimination of Fatalities, and advancement of Future Smart Mining. This is a critical role in the Venetia Finance team supporting the work of the Venetia General Manager and Venetia Underground Project Director in delivering safe, responsible production, in-line with the agreed operating plans.

Job Description

This role is responsible for the cost control system and schedule tracking of the difference stages of the expansionary project, development capital and SIB for Venetia Mine. The role takes responsibility for providing financial evaluation, support, formulating recommendations and other analysis in support of project. The role requires a broad awareness of both the internal and external environment and how these impact one another. The individual will work closely with Project functions to optimise financial plans and business decisions.

• Provide the required financial leadership and technical expertise to the operation.
• SAP: Perform all capital spend processing, maintain master data and controls relating to PS module.
• Manage the financial planning, budgets, and modelling work for Venetia Mine as well as DBCM CHQ (i.e. Expansionary, Development Capex & SIB): scenario building or assessment relevant to the phase of the specific project (including provision of guidance and challenge to budget holders during the process).
• Ensure that the necessary Strategic Business Plan inputs for incorporation into the operation’s Strategic Business Plan ensuring both accuracy, completeness, and integrated costs.
• Interface with Operations and other stakeholders on short-term, long-term, and life-of-mine models is imperative.
• Provide valuable performance analysis and insights based on monitoring of performance against forecasts and physical progress related metrics throughout projects.
• Manage and prepare monthly and quarterly capital performance reporting together with Project Managers, Mining Engineers, and the General Manager of Venetia Mine.
• Provide cash flow monitoring to ensure related funding requirements are met, always assuring the quality and control of said project planning.
• Generate the necessary information required for project approval.
• Provide the required financial leadership and technical expertise to the operation.
• SAP: Perform all capital spend processing, maintain master data and controls relating to PS module.
• Manage the financial planning, budgets, and modelling work for Venetia Mine as well as DBCM CHQ (i.e. Expansionary, Development Capex & SIB): scenario building or assessment relevant to the phase of the specific project (including provision of guidance and challenge to budget holders during the process).
• Ensure that the necessary Strategic Business Plan inputs for incorporation into the operation’s Strategic Business Plan ensuring both accuracy, completeness, and integrated costs.
• Interface with Operations and other stakeholders on short-term, long-term, and life-of-mine models is imperative.
• Provide valuable performance analysis and insights based on monitoring of performance against forecasts and physical progress related metrics throughout projects.
• Manage and prepare monthly and quarterly capital performance reporting together with Project Managers, Mining Engineers, and the General Manager of Venetia Mine.
• Provide cash flow monitoring to ensure related funding requirements are met, always assuring the quality and control of said project planning.
• Generate the necessary information required for project approval.
• Ensure sound capital cost management processes and perform the necessary reviews to guarantee that detailed cost management supports the overall financial governance and reporting requirements which are aligned with Anglo American, De Beers Group, IFRS and all policies and procedures relevant to capital spend.
• Prepare the necessary Board and Investco notes on the latest capital spend updates.
• Assist and follow up on all internal and external audit reporting requirements relating to capital, including the closing out of audit findings.
• Overseeing all Capital Reporting, e.g., business capital reporting schedules and high-level commentaries to Group Financial Reporting Team.
• In conjunction with MO Group team, ensure the correct capital accounting treatment for all Venetia assets with, a specific focus on the Venetia Underground Project. In addition, ensure correct capitalisation of all capital assets to the Fixed Asset Register.
• Responsible for the coordination of relevant period end activities, ensuring accurate and timeous reporting of management information.
• Responsible for the coordination of relevant Commercial Services risk log, ensuring accurate and timeous reporting of risks, updating of the risk log and assisting with identifying risk mitigation actions.
• Influence, compile, analyse and ensure timeous delivery of accurate operational Anglo American Operating Model inputs and financials to enable management to make informed decisions around which strategies to implement.

Qualifications

Formal qualifications:

• Grade 12/Std 10/N3 or relevant NQF Level 4 qualification.
• B Com Accounting or similar Degree in Accounting.
• Valid Driver’s License.

Preferred:

• Bachelor degree level, appropriate to the job and/or Accounting or equivalents
• CIMA or equivalent qualification

Alternatively:

A relevant combination of formal Accounting qualifications and additional specialized studies.

Role-specific knowledge:

• Extensive experience in underground and open pit mining /project /construction environment.
• AA Capital Application procedure
• Strong IFRS knowledge and application
• Extensive Excel knowledge
• Extensive SAP knowledge.
• Extensive InEight knowledge

Who We Are:

Venetia Mine – South Africa

De Beers Group is a company with a rich history and a sparkling future.

Since 1888 our experts have searched the world for nature’s most precious gem. Our diamonds bring beauty to the world. But we think they can do so much more. We want our diamonds, and our business, to make life brilliant – for our people, our customers, and the world around us.

Venetia Mine is part of De Beers Group Managed Operations Business which integrates mines, operations and support functions in the De Beers Group producer countries of Canada and South Africa to shape a safe, sustainable future for De Beers Group’s people, shareholders, communities and partners.

Safety

Safety first is a way of life for us. We are unconditional about the safety, health and well-being of our colleagues, at work and at home, and about that of the communities where we work. We aim to lead the industry by investing in innovation to protect people, who are at the heart of our business. Our high performing teams take accountability for their own and others' actions, work collaboratively, and always show care and respect.

Background Checks

By applying for this job, you provide consent that your personal details, including your fingerprints, can be used to conduct background screening where appropriate. For more information, please visit:

https://www.angloamerican.com/site-services/applicant-privacy-notice/applicant-privacy-notice-en

Privacy Statement

Anglo American/ De Beers Group collects and processes personal data in accordance with the relevant regulations. For more information, please visit:

https://www.angloamerican.com/site-services/applicant-privacy-notice/applicant-privacy-notice-en

Inclusion & Diversity

We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are. We provide equality of opportunity to enable everyone to fulfil their potential.

Closing Date: 31 March 2023

Should you not have heard from Venetia Mine’s HR Department four weeks after the closing date, kindly consider your application as unsuccessful.