Cost Accountant at AngloGold Ashanti (Ghana) Limited

AngloGold Ashanti (Ghana) Limited, Obuasi Gold Mine is currently in a redevelopment phase which will lead to a modern, efficient and long-term profitable operation. The underground mining operation has been fully mechanized and designed to produce up to an average maximum of 5,000 t/day of ore mined.

We are seeking experienced and self-motivated person to join our team as Cost Accountant

ROLE PURPOSE AND CONTEXT

The purpose of the Cost Accountant role is to provide direct support to the Management Accountant for the Obuasi Mine operations, to help coordinate the preparation of departmental budgets and ensure timely reporting of departmental cost and performance reports.

The role also entails working closely with the Support Services (G&A) departmental heads to ensure timely and proactive flagging of any cost anomalies and deviations for corrective immediate action.

KEY ACCOUNTABILITIES

Coordinate the preparation of the Annual Operating Cost and Capital Expenditure budgets for the support services areas.

Set up system to track: Cost of materials from stores, direct materials and petty cash purchases.Cost of labourContractsOther costs

Prepare Cost Report for the departmental Managers.

Design and implement standardized cost reporting templates where possible

Exercise over-all cost control in the Manager's area.

Prepare Variance Analysis report on cost performance for the departmental Managers and the Sectional heads.

Draw the area Manager's attention to anomalies.

Draw the area Manager's attention to problem areas.

Make projections for the operations Managers where over-runs are expected, and the effect of this on profitability.

Monitor Direct Material indents (DMI). This involves checking whether budget exists, and if no budgets exist, whether the item should be procured all the same. If ordered against no budget, this should be included in the projections. Timing for the direct materials is very important. Items ordered in the year could come in the following year.

Reconcile all Provision and accrual Accounts.

Look at ways to improve the overall support services department budgeting process

Ad-hoc duties to be assigned by the Management Accountant. i.e. finalise the set up and populating of the journal; capture journal for FM approval

Compile departmental budgets to one detail cost budget for the entire mine site (Obuasi Mine)

Prepare analysis to management for more understanding of business plan and LOM

Review the budget files from HODs and communicate to them if there are any issues

Update the escalations and other assumptions from CAR Finance

Participate in the TM1 and other training

Participate in the discussion with the TM1 team in any matter arising

Review the completeness and validity of the material valuation class mapping in SAP

Provide answers or comments to support the Monthly HFM pack notes

QUALIFICATION AND EXPERIENCE

Qualification

A degree in Accounting, HND (Accounting option) or ICAG Part 2 qualification

Experience

At least 3 - 5 years' experience in a mining environment.

Must be computer literate with significant proficiency in Spreadsheets

Experience and understanding of total mining cycle

Technical Competencies

Strong analytic and problem-solving skills

Broad business exposure

Cost management

Performance Management

Team management

Leadership Competencies

Building Effective Working Relationships - The ability to build and maintain effective collateral and cross functional working relationship

Building Trust & Accountability - Displaying high levels of integrity and honesty