Finance Manager at Barrick Gold Tanzania

JOB ADVERT – FINANCE MANAGER

Reporting to: General Manager

Roster Type: 6 Weeks on/4 Weeks Off

Location: Site-Based – Bulyanhulu Gold Mine

Position Description

The Finance Manager will be a key member of the site leadership team, providing strategic and operational financial management, driving performance improvement, ensuring compliance, and embedding the Barrick DNA across the Finance function.

Join Our Exceptional Team And Embody Barrick's Core Values As You Work With Us. We Are In Search Of Individuals Who Can Champion Barrick's DNA By

• Communicating Honestly, Transparently, and Acting with Integrity
• Exhibiting a Results-Driven approach
• Delivering solutions that are Fit for Purpose
• Dedicating themselves to Building a Sustainable Legacy
• Taking Responsibility and being Accountable
• Committing to Zero Harm
• Cultivating strong and meaningful Partnerships

If you're ready to contribute to our world-class team while embracing these values, we encourage you to apply and become a valued member of our diverse workforce.

Responsibilities

• General: assist the GM in the management of the business to drive improved financial performance by providing decision-making tools to run the business in an agile and fluent manner. Starting by adopting the Barrick DNA, transferring that to his team, to assist the business in optimizing sustainability, starting with empowering decision makers with the relevant information while maintaining strict controls and procedures.
• Account Receivable/Payable: to ensure working capital management and reconciliations are managed effectively and timeously.
• Cash office: to ensure there is enough cash on hand to meet daily requirements of allowance and payouts while maintaining controls and looking for ways to reduce cash footprint.
• Cost control: support budget holders to monitor and control expenditure, improve accountability, and deliver on cost-efficiency targets.
• Management reporting: Assist management in making better business decisions through analysis of relevant data collected through the business operations. This encompasses the following:
• Performance analysis (cost variance, cost efficiency drivers)
• Maintenance of mine-based accounting system.
• Financial planning for business units
• Coordination of cost reductions and improved cost efficiencies.
• Support feasibility studies and new business ventures.
• Education of stakeholders on the new info system and the effective use thereof in the decision-making process.
• Presentation at the board level and to operational management of information to facilitate opportune planning and control (During day-to-day and at Quarterly Board Meetings).
• Financial reporting: ensure business performance is reported as per statutory requirements. Update and collect business unit reporting. This encompasses the following:
• Development, implementation, and enforcement of Barrick site financial policies and procedures.
• Advice on contract negotiation and review of financial aspects.
• Advice on business units’ profitability, right-sizing, and opportunities to increase overall profitability.
• Coordinate asset management and the recovery of losses through insurance claims.
• Evaluate small business units’ profitability.
• Co-ordinate asset management and the recovery of losses through insurance claims.
• Evaluate small business units’ profitability and regulate financial controls and risk areas.
• Capital management
• Compliance with Barrick Capital Policies and Procedures.
• Optimize allocation of capital in accordance with the mine site’s Life of Mine Plan.
• Perform the analysis of the investment criteria.
• Review Application for Expenditure (AFE) requests that include proper rationale and financial analysis.

Budgeting & Forecasting

• Compile the annual budget, short-term forecasts, and medium-term financial plans as directed by the Life of Mine Plan and the management team.
• Comply with Barrick's budgeting and forecasting system.
• Develop and execute financing analysis which enables the mine site to execute its Life of Mine Plan of sustainable growth by ensuring that sufficient capital is available in a cost-efficient manner with a view to optimizing the mine’s Net Asset Value.
• Given the production issues and changes in production plans from time to time, develop a cost-profit that will still see the company meet its revenue and profit targets.
• Project management: monitor expenses for various projects to ensure correct allocations and liaise with the project manager to ensure projects remain within their allocated scope of work, budgets, and timelines (capex, scope creep, ROI tracking).
• Roles and Responsibilities of EMS
• Taking accountability for the effectiveness of the environmental management system
• Ensuring that the environmental policy and environmental objectives are established and are compatible with the strategic direction and the context of the organization.
• Ensuring that the resources needed for the environmental management system are available
• Communicating the importance of effective environmental management and of conforming to the environmental management system requirements.
• Ensuring that the environmental management system achieves its intended outcomes
• Directing and supporting people to contribute to the effectiveness of the environmental management system
• Promoting continual improvements
• Supporting other relevant management roles to demonstrate their leadership as it applies to their area of responsibility

Requirements

Qualification Requirements:

• Bachelor’s degree in commerce/finance or Equivalent.
• CPA (T) or equivalent, and must be registered under NBAA
• Minimum of 10 years of experience in a similar diversified high-level portfolio as described in the profile.
• Experience in Mining or related industries
• Experience in the training and development field will also be advantageous.
• High computer literacy is essential and should encompass the following:
• MS Office
• ERP systems
• Reporting Tools
• Experience in a remote site environment will be an advantage.

Skills / Knowledge Requirements

• Verifiable track record gained in a similar diversified high-level portfolio.
• The ability to consistently manage such a diversified portfolio in a high-pressure environment.
• Ability to adapt to the rigors of a remote site location and the rotational 6/3.
• High professional conduct at all times and the ability to deal with a diverse client base.
• Significant base knowledge of all the areas depicted in the profile.
• Excellent communication skills.
• Must be a motivated individual with the ability to operate with minimum supervision.
• Strong accounting-related experience and background.
• Strong desire to coach, train, and develop people.

Work Ethics/ Disposition

• Leader, with the ability to be in detail while also getting the bigger picture
• Performing tasks under minimal supervision and monitoring
• Establish and maintain effective working relationships with those contacted in the course of work.
• Demonstrate high working ethics and always conduct.
• Committed and engaged employees who are enthusiastic and passionate about Barrick and carry the company DNA.

What We Can Offer You

• A comprehensive compensation package including bonuses and site-specific benefits.
• The ability to make a difference and a lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to grow and learn with industry colleagues.
• Access to a variety of career opportunities across the organization.

We are committed to a safe work environment, sending every person home safe and healthy every day, and leaving a sustainable legacy on our host communities