This is a fixed term contract role, with the work roster being six weeks on and three weeks off.
North Mara Gold Mine Overview
North Mara commenced commercial production in 2002 and has produced over 2 million ounces to date. The current life of mine is estimated to be 9 years based on proven and probable gold reserves of 2 million ounces.
The North Mara gold deposits are situated in the Mara Musoma greenstone belt. The mine is located in northeast Tanzania in the Tarime district of the Mara region. It is around 100 km east of Lake Victoria and 20 km south of the Kenyan border.
There are several types of gold mineralisation including shear-zone-related quartz vein and disseminated gold. The mine is a combined open pit and underground operation from two deposits, Gokona (underground) and Nyabirama (open pit).
The process plant has the capacity to process an average of 8,000 tonnes of ore per day, (or c. 2.8 million tonnes per year) and produces both doré.
CORE ACCOUNTABILITIES
• Safety
o Visibly supports and drives Acacia Safety Policies and Standards
o Visibly integrates safe work practices into Commercial activities
• Management and Cost Reporting
o Manage an effective cost control system
o Weekly and monthly Management accounting and reporting
o Ensure IFRS standards for accounting are met and proper accruals are raised at month-end
o Regularly and timely informing of key stakeholders with necessary financial information to meet their needs and expectations to manage their budgets.
• Capital Reporting and Allocation
o Compliance with Acacia Capital Management Policy and Capital Allocation Guidelines
o Optimize allocation of capital in accordance to the mine site’s Life of Mine Plan
o Perform the analysis of the investment criteria
o Review Application for Expenditure (AFE) requests that includes proper rationale and financial analysis
• Budgeting & Forecasting
o Compile annual budget, short term forecasts and medium term financial plans as directed by the Life of Mine Plan and the management team
o Comply with the Acacia budgeting and forecasting system
o 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 optimise the mine’s Net Asset Value
• Supply Chain Management
o Identify, assess and recommend commercial opportunities with customers, contractors, and suppliers
o Compliance to business commercial standards, procedures and policies that set the guidelines for their implementation and compliance through all departments and units
o Deliver a supply plan that satisfies the mine site departments and units
o Regular analysis of Supply performance and to work with central supply chain service providers
o Ensure that inventory is optimized by utilizing the inventory optimization tool at the right level for maintaining maximum service levels with the support from the central supply team
o Effective warehouse management system to optimize cost and fulfilment time and proper safeguarding of assets
o Ensure that all of the mine site’s providers live up to the agreed Service Levels (quantity and quality)
o Continuous monitoring and reporting on contractors’ performance and service levels
o Ensure that suppliers are paid for the services rendered timeously and within contract terms
• Information Technology
o Optimize the level of IT services to deliver value/cost ratio
o Recommend mine site’s IT service needs and selection of IT solutions in conjunction with the Central IMT services team
o Deliver adequate IT Services for all mine site departments and units
o Sustainment of mine site Data Centre facilities in conjunction with the Central IMT services team and in accordance with IMT Standard Operating Procedures
o Work with the Central IMT team to ensure services levels are met and comply with IMT standards and procedures
• Controls and Cash Administration
o Comply with the Acacia internal control framework and Code of Conduct standards
o Ensure that the mine site’s cash needs are met in the short term while balancing the risk
o Up-to-date risk mitigation schemes that allow the mine site to fulfill its overall strategy, whilst balancing cost and the need to preserve the mine site’s operating capability against unpredictable setbacks in accordance with the ACACIA financial risk management strategies set by the SLT
• Stakeholder relationships
o Develop and maintain stakeholder relationships
o Key stakeholders include: Site operational staff, Finance and other functional areas, contractors, local government agencies etc.
• Continuous Improvement
o Embed a culture of continuous improvement in the department and across the operation
o Constantly look at ways of improving the Commercial Department’s service delivery
• Talent Management
o Develop a strongly talented Commercial Department by ensuring the best people are attracted, developed and retained, with a strong focus on developing capabilities
o Develop a succession pool for the Commercial Department
• Managerial Leadership
o Embed the ACACIA managerial leadership practices and values in the Commercial Department
ROLE REQUIREMENTS
Qualification Requirements:
• Relevant post graduate Financial / Accounting related Degree
Experience Requirements:
• A minimum of 10 years’ experience in a similar diversified high level portfolio as described in the profile
• Strong accounting related experience and background
• Experience in a remote site environment will be an advantage
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