What are the responsibilities and job description for the Turquoise Ridge - Site CFO position at Barrick?
Job Purpose
JOB DESCRIPTION
Lead a team of site accountants responsible for the commercial aspects of the site and the custodian of the site financial model and systems. Together with the site GM, sets clear strategic directions for the mine operations that is in line with the strategic direction of the company and in compliance with company and regulatory requirements. Leads and oversees activities essential to tracking, reporting, executing, and predicting financial transactions.
Responsibilities
Primary responsibilities and tasks:
Education
Zero Harm Workplace
Because our people are our greatest asset, safety is of paramount importance. It is inherent in every part of our business and is everyone’s responsibility to adhere to our safety standards. As a business, it is an integral requirement to not only ensure the safety of our employees, but also the communities in which we operate. We
aim to mitigate known hazards and target a zero-harm workplace. Responsible and Accountable
Act as owners, respect each other as peers and work as a team towards achieving our mission (One team, One Mission). Take initiative. Own up to mistakes and learn from them. Drive change. Lead by example and always look for ways to make things better.
Partnerships
We foster genuine partnerships and deliver on our commitments to partners. Earn trust and create transparency to build and enhance enduring partnerships between our employees, shareholders, stakeholders and with the countries and local communities in which we operate.
Build a Sustainable Legacy
We earn our social license by being a valued member of our host communities by creating economic activity. We manage the impact of our operations and strive to be the industry leader in safety, health, and environmental practices.
Results Driven
We are results-driven through agile decision-making and disciplined execution. Keep it simple and deliver fit-for-purpose solutions.
World-Class People
Attract and develop strong, world-class people who are informed and involved in the processes of the company. Who act with integrity and are tireless in their pursuit of excellence.
Be Honest, Transparent, and Act with Integrity
We communicate directly, honestly, and transparently. Create platforms to enable employees to feel free to voice their opinions. Act with integrity, always.
JOB DESCRIPTION
Lead a team of site accountants responsible for the commercial aspects of the site and the custodian of the site financial model and systems. Together with the site GM, sets clear strategic directions for the mine operations that is in line with the strategic direction of the company and in compliance with company and regulatory requirements. Leads and oversees activities essential to tracking, reporting, executing, and predicting financial transactions.
Responsibilities
Primary responsibilities and tasks:
- Evaluate and understand all commercial aspects of the site to help improve planning and decision making, specifically around capital investments, contracts, feasibility studies, and forecasts
- With the assistance of Barrick’s Head Office, develop, maintain, and own the site financial model that should form the basis/justification for all site commitments and guidance
- Owner of the site financials and related disclosures, monthly close process, review procedures, and account reconciliations to ensure financial statement assertions are maintained
- Together with the site GM, own the Site Management Report that contains all KPl's, write-ups and variance analysis required to effectively communicate monthly events at site and insight to operations compared to budget, as well as the rolling forecast
- Manage and maintain relationship with internal clients as well as both JV partners
- Implement corporate procedures and corporate mandated programs
- Management of the annual budget cycle and the updating of the monthly forecasts.
- Support the General Manager in managing the joint venture requirements.
- Provide support for the site risk register and implementation of all risk policies and owning all commercial aspects of risk assessments
- Maintain awareness and understanding of funding, sureties, and treasury processing as it applies to the joint venture and requirements on behalf of the operation (banking, cash calls, hedging, letters of credit, financing Information, currency treatment)
- Coordinate and liaise with Corporate Finance Group in the establishment and preparation of standard reporting requirements on a timely basis including monthly reports, budgets, forecasts, long range plans, capital justifications, etc. to monitor cost profiles and investigate anomalies with responsible personnel. Ensuring that all accounting aspects such as capitalization, startup costs, PER, etc. are considered and included in the final work product
- Provide assistance or support to other corporate departments such as Internal Audit, Treasury, Legal, and Tax
- Liaise with Barrick’s and/or external auditor and act as a key point of contact for their annual audit and intra-year audits
- Ensure financial and business controls exist in the business according to Barrick policies and existing laws
- Ensure, in conjunction with site management and the corporate Internal Audit Group, that appropriate internal controls exist to protect company assets which are adequate for SOX certification purposes
- Complete necessary information required by the Risk and Control Matrix, review segregation of duties, preparation of necessary information as needed
- Set targets and monitor departmental KPI’s to ensure compliance
- Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold them accountable for achieving these; take appropriate corrective action where necessary to ensure the achievement of annual business objectives
- Implement improvements to existing business practices while developing and delivering projects or a work stream within the organization’s change management program
- Use the organization's formal development framework to identify the team's individual development needs. Source and retain high quality finance personnel, and ensuring that appropriate training, mentoring, and performance management is provided
- Succession Planning - develop action plans for individuals to assume critical positions
- Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Provide informal training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential
Education
- Bachelor of Science or higher in Accounting, Finance, Economics, or another related field
- CPA license preferred, but not required
- Eight (8) years’ experience in the mining industry with a range of exposure to a broad spectrum of practical and technical areas
- IFRS, US GAAP and financial reporting requirements
- Working with numerical financial modelling
- Modelling mining operations (mine and metal planning)
- Life-of-mine planning
- Demonstrated software proficiency with relevant applications such as Microsoft Office Suite, SAP, Xeras, OneStream, Banking platforms, GL reconciliation software, and wDesk reporting.
Zero Harm Workplace
Because our people are our greatest asset, safety is of paramount importance. It is inherent in every part of our business and is everyone’s responsibility to adhere to our safety standards. As a business, it is an integral requirement to not only ensure the safety of our employees, but also the communities in which we operate. We
aim to mitigate known hazards and target a zero-harm workplace. Responsible and Accountable
Act as owners, respect each other as peers and work as a team towards achieving our mission (One team, One Mission). Take initiative. Own up to mistakes and learn from them. Drive change. Lead by example and always look for ways to make things better.
Partnerships
We foster genuine partnerships and deliver on our commitments to partners. Earn trust and create transparency to build and enhance enduring partnerships between our employees, shareholders, stakeholders and with the countries and local communities in which we operate.
Build a Sustainable Legacy
We earn our social license by being a valued member of our host communities by creating economic activity. We manage the impact of our operations and strive to be the industry leader in safety, health, and environmental practices.
Results Driven
We are results-driven through agile decision-making and disciplined execution. Keep it simple and deliver fit-for-purpose solutions.
World-Class People
Attract and develop strong, world-class people who are informed and involved in the processes of the company. Who act with integrity and are tireless in their pursuit of excellence.
Be Honest, Transparent, and Act with Integrity
We communicate directly, honestly, and transparently. Create platforms to enable employees to feel free to voice their opinions. Act with integrity, always.
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