Newmont Mining Corporationis a leading global gold producer with key assets in Nevada, Peru, Australia, Ghana and Suriname.
Newmont’s Africa Operations holds two gold mining operations in Ghana: the Ahafo Mine located in the Brong-Ahafo region and the Akyem Mine located in the Eastern region. There is also near mine exploration and development focus in Ghana to annually replace gold reserves. Newmont Africa also has early-stage exploration programs in the African countries of Ethiopia and Morocco.
Our Africa operations employ approximately 5,900 employees and contractors, with the majority working at the Ahafo Mine. We offer an unparalleled blend of opportunity and career satisfaction with all the benefits you would expect from a global company. This, combined with our growth opportunities, makes Newmont a great company to work.
Our Akyem and Ahafo mines have made significant sustainable community development investments in our host communities. These include establishing Development Funds at our Akyem and Ahafo operational areas with each mine contributing US$1 per ounce of gold sold and 1% of net pre-tax annual profit into its community development fund.
The only gold company listed in the S&P 500 index, Newmont in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont’s industry leading performance is reflected through our Africa operations’ high standards in environmental management, health and safety for our workforce and creating value and opportunity for our employees, host communities and Newmont’s shareholders.
Are you an individual who can work in adherence to Newmont’s core values of;
About This Role:
To monitor and manage company cash flow, investments, and reclamation bonding.
To manage banking relations, provide treasury support for projects and other banking activities.
Main Responsibility Areas:
Forecasting and Monitoring
Compile weekly, monthly and periodic cash flow forecasts and bank account monitoring and determining the cash needs and the currency needs (GHS or USD), verifying that account balances and investment classifications are in line with corporate treasury standards.
Cash needs are sent to the Assistant Controller- centralised services.
Report bank and investment balances to Denver Treasury: bank balance and investment reports are sent to the Treasury Director in Denver, the Regional CFO-Africa, and the Regional Controller-Africa.
Determine intercompany loan repayment based on cash availability and excess funds to be invested.
Collate cash needs for various sections like tax, accounts payable and others, in order to make provisions for contingencies and other pending payments.
Ascertain cash needs and resolve through cash calls from Citibank, USD sales to local partner banks, by collating the daily forex quotes and selecting the highest bidder within the stipulated time or loan requests from corporate when there is shortage of funds.
Treasury Related Reconciliations
Prepare all Newmont Ghana Gold Limited and Newmont Golden Ridge Limited bank reconciliations and other treasury related reconciliations.
Verify that all reconciliation issues are resolved with the partner banks.
Review the reconciliations by checking the bank balance, main General Ledger (GL) and sub-Ledger accounts and open items and their classifications.
Provide treasury support for projects by certifying timely funding of project accounts, Bank statement download and loading in SAP, preparing project bank accounts reconciliations and resolving reconciliation issues, validating bank charges, liaison between EPCM and Partner banks and preparing monthly payment accruals to verify that project costs are properly captured.
Support with proper updates in Mineman (bullion software), running valuations to determine ounces balance at month end and reconciling Dore sales and sending appropriate reports to Financial Reporting and performing quarterly and yearly reconciliations between Mineman balances and Valcambi statements.
Major Projects Accounting Support
Coordinate with the major projects accountants to ensure that completed assets are loaded into the fixed assets system.
Support the fixed assets register set up for new projects.
Provides interim back up to the Project Accounting analyst when needed.
Training & Experience:
Formal Qualification (including professional registrations)
Degree in Accounting or Finance required.
CA, ACCA, or CPA qualification preferred.
Knowledge of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) required.
Knowledge of and work experience with Sarbanes Oxley (SOx) regulations a plus.
Between 5 to 8 years relevant accounting experience required; preferably in the mining industry.
Excellent knowledge of computerised Global (GL) Systems.
Excellent written and oral communications skills.
Must have confidence to interact with corporate leaders.
Strong leadership and management presentation skills.
Strong computer and Excel skills.
Demonstrate people management experience, the ability to work with internal and external partners, and experience with continuous improvement programs and integrated management systems.
Work under pressure.
Regular travel is required.
Extended and unpredictable hours is the norm.
The incumbent is exposed to moderate mental pressure / stress.
Our business success comes from the accomplishments and well-being of our employees and contractors. Our goal is to build a workplace culture that fosters leaders and allows every person to thrive, contribute, and grow. We are committed to selecting and developing our employees, and to establishing a work environment where everyone can take an active part in reaching our strategic goals while feeling a sense of pride in working at Newmont.
Newmont Mining Corporation is a leading global gold producer with key assets in Nevada, Peru, Australia, Ghana and Suriname. Newmont’s Africa Operations holds...
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