Cost Accountant

Lubambe Copper Mine is located within the Greater Konkola Area of the Zambian Copperbelt and consists of a large – scale mining license covering an area of approximately 240 square kilometres. The mine is a modern, world class facility with fully mechanized underground operations.

Lubambe Copper Mine is owned by EMR Capital of Australia (80%) and ZCCM – Investments Holdings (20%).

The Mine is currently in a ramp up stage and will ultimately produce 45, 000 tonnes of contained copper and will employ approximately 1,500 people. The Plant infrastructure consists of a Concentrator plant, a laboratory and underground infrastructure. The Concentrator incorporates crushing, milling, flotation and filtration. The design capacity is 2.5 MTPA of ore at an average mill grade of 2.3% copper, yielding 45,000 tonnes of contained copper in concentrate to be sold to smelters in Zambia.

Lubambe Copper Mine seeks to employ experienced and qualified individuals in the following position:

COST ACCOUNTANT (x1)

This position reports to the Senior Cost Analyst

Purpose of the Position:  

The position involves preparing and providing timely financial and statistical information to the Departmental Managers/HOD’s so that they can make day-to-day and short-term managerial decisions.  

Key Performance Areas / Indicators (KPA/Is):

• To prepare weekly and monthly departmental cost reports with exceptional highlights for Departmental Managers.
• Report on periodic variances and their causes to the departmental managers
• Attend departmental planning and operations meetings in order to timely sensitize operational managers of cost and financial performance and be aware of the operational plans.
• Advise departmental staff on correct cost allocation and analysis codes in line with weekly budgetary plans and as requested
• Continuously review ledgers to ensure that all PR/Stores requisitions are timely captured that expenditure is posted to correct cost centres and codes by carrying out a review of postings on daily basis
• Work hand in hand with Supply Chain and Accounts Payable to ensure that direct orders being raised, and invoices being captured are correctly posted in line with budget plans.
• Raise correction journals where necessary in order to reflect the correct cost per code in line with budgetary plans
• Help coordinate and collect underlying budget data at departmental level for the comprehensive company annual budget consolidation.
• Assist the Business Analyst to gather historical operational budgeting and expenditure information where necessary.
• Apply budgetary controls by ensuring officials operate within approved budget and make the most effective use of available resources at departmental level.
• Review and vet all orders to ensure they are raised in line with budgetary plans and cost effectively and ensure cost allocation is done correctly.
• Ensure that the major operating consumables on consignment (Explosives, Tyres, Rock tools, Vent consumables etc) are processed and reconciled in line with production activity.
• Work hand in hand with Stores to track all Works Orders on Major Component Repairs and other commitments to ensure that they are adequately provided for the in the accounts.
• Check and ensure the contractors’ and consignment invoices are adequately provided for and accrued in the accounts.
• Any other Ad-hoc duties requested from time to time.

Qualifications and Experience

• Full ACCA, CIMA or degree in accounting
• Grade 12 certificate with 5 Credits and better
• Cost experience in the mining industry is desirable and will be an added advantage
• Must be a member of ZICA, ACCA, CIMA or other recognised accounting institutes
• Must have 3+ years of proven track record related experience in similar position and senior level reporting.
• Budgeting experience is an added advantage
• Excellent written communication skills and high conceptual/ analytical skills

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