Director, Operations Accounting


Job title: Director, Operations Accounting

$148160 – 194460 per year

Company: Newmont

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Job description: Founded in 1921 and publicly traded since 1925, Newmont ( ) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont’s core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and 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 high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

About this role

What will you be responsible for?
The Director, Operations Accounting is responsible for direction, oversight and execution of key coordination and accounting support for sites and regions related to operational accounting processes, including but not limited to: stockpiles and leach pad inventory process (including net realizable value adjustments), reclamation and remediation closure plan updates, impairment reviews and monitoring of long-lived assets and goodwill, sustaining vs. development classification of project expenditures and other non-GAAP accounting adjustments, and project accounting. This role requires extensive cross-functional interaction and coordination with global Finance teams, and other global functions.

In this role you will

Here is a snapshot of what your day to day will look like:

  • Establish, prioritize, and maintain a system of recurring monthly interactions with corporate and the regional accounting organizations for communication of results, identification of key operational and financial results, and issue escalation; this is done partially through ownership of the “Pre-close” and “Post-close” process, as well as partnership with Technical Accounting as part of the Technical Accounting Group to identify, document and resolve global technical and operations accounting issues; responsible for key documentation of this process under the Company’s Global SOX internal control environment.
  • Establish and organize the Company’s repository of Accounting Requirements and Procedures and other related governance documents including Job Aids, etc. Moreover, we ensure cross-functional coordination and a system to regularly review, update, and provide training, as applicable.
  • Support governance process across all finance system solutions, including BPC, and provide mentorship on cost accounting, project accounting and inventory modeling; this includes close coordination with the GBPO, Finance and master data functions to support the governance of cost accounting, close coordination with Project Services and Exploration that ensures consistency and data integration for project reporting and support for commercial production and ready for intended use declarations, and support for regional accounting teams for the stockpile and leach pad inventory and NRV accounting process. These activities include the accounting function’s ownership and administration of systems and processes that govern BPC Opex, BPC Projects and BPC Stats.
  • Lead the Company’s quarterly review and annual update to reclamation and remediation closure plans, including system administration and maintenance of the BPC Reclamation application. This requires close coordination with multiple stakeholders along with the execution of global SOX controls over this process and oversight and review of site and region-based controls.
  • Develop and lead a high-caliber team to support the execution of system continuous improvement projects consistent with global business processes for finance and the S4 HANA IT roadmap for the organization. This includes projects that support efficient standardization of processes, automation, and development of enhanced or new business processes.
  • Lead the Company’s quarterly review of impairment indicators related to long-lived assets and the annual review of goodwill. This requires close coordination with site and regions, Exploration, and Business Planning, as well as support for the external audit of this process, responsible for the execution and documentation of this process as part of the Company’s Global SOX internal control environment.
  • Support the external and internal financial, management and S&ER reporting processes, including oversight and review of key sections of Management Discussion and Analysis related to the results of operations, and other assigned sections of the Company’s Form 10-K and quarterly Form 10-Q’s, as well as coordination, review and support to sites/regions for the Company’s Annual Sustainability reporting requirements and Extractive Sector Transparency Measures Act (ESTMA) and other related reporting requirements.
  • Lead the Accounting functions quality assurance/quality control process for annual business planning and provide support and guidance to regional planning teams.

The above duties and responsibilities are representative of the nature and level of work assigned and are not necessarily all-inclusive.

Your training, skills, & experience checklist

Here is what we would need to see from you!
Knowledge:

  • Bachelor’s Degree in accounting or finance; CPA or equivalent strongly preferred; experience working with Finance systems strongly preferred.
  • Knowledge of U.S. Generally Accepted Accounting Procedures (GAAP), as well as project management experience are required.

Experience:

  • Minimum of 12 years of experience, with mining industry experience strongly preferred. Experience in a Corporate office and combined with hands-on experience using financial systems for management reporting or in a region are also strongly preferred.
  • Experience and understanding of operations accounting in mining or related industries required.
  • Detailed knowledge of financial statements (Statements of Income, Cash Flow and Balance Sheet) and reporting process are required.
  • Validated experience in corporate planning and forecasting are useful.
  • The work is complex in nature and requires initiative, excellent partner management and communication, and the ability to build strong global relationships within the Finance functions, cross-functionally and across regions.

Skills and Abilities:

  • Strong verbal and written communication and interpersonal skills.
  • Successfully utilize Microsoft Word and Excel applications and other MS Office software.
  • Experience in SAP and BPC and other SAP-related products strongly preferred.
  • The ability to collaborate reliably in a team environment is essential.

Working conditions & location

Where you will be located!

  • The position is located in the Denver corporate office.
  • Position may be required to travel to other domestic and international sites

The salary range offered for this role is $148,160 to 194,460. The salary range is tied to the Colorado market for jobs performed in Colorado. The salary offer to the successful candidate will be based on job-related education, training, and/or experience. The salary offer will not be based on a candidate’s salary history at other jobs, and by law, Newmont will not seek information about salary history, and candidates should not share such information with Newmont.

This role will be eligible for participation in a discretionary annual bonus program, pursuant to which an employee may be awarded a percentage of their salary based on the company’s performance and their own individual performance. This role also will be eligible for participation in a discretionary long-term incentive program, pursuant to which an employee may receive awards based on their level and individual performance.

Newmont offers a competitive and inclusive benefits package to support physical, mental, financial and emotional wellbeing. This role will be eligible for the following benefits: Medical, prescription drug, dental, and vision insurance; flexible spending accounts; health savings accounts; life and accidental death and dismemberment insurance; short and long-term disability; 401(k) program with company match; pension; financial planning; employee assistance program (EAP); adoption assistance; dependent scholarship program; tuition reimbursement; paid holidays and paid time off; paid family leave; matching gifts; and discounts on home, auto and pet insurance. All bonuses and benefits are subject to the applicable eligibility and program/plan terms and may be modified or terminated at Newmont’s sole discretion.

Newmont strongly encourages all applicants to be fully vaccinated with the COVID-19 vaccine as soon as the vaccine is available to you as Newmont considers vaccination to be a vital tool in the fight against the pandemic. Proof of vaccination is required for entry to certain Newmont locations and for business travel, unless an exemption is required by law. Newmont may update its vaccination policies/requirements at any time in its sole discretion.

Location: Denver, CO

Job date: Wed, 08 Sep 2021 22:51:22 GMT

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