Director - Finance

Date: Apr 5, 2024

Location: Las Palmas, Canary Islands, Spain

Company: Kinross Gold Corporation

The Kinross Africa Regional Office is located in Las Palmas, Canary Islands, and is responsible for providing senior leadership and back office support to the Tasiast gold mine located in Mauritania. Tasiast is a cornerstone asset in Kinross’ portfolio with a long mine life and large mineral reserve base.

Job Description

The role provides financial leadership to selected operating and/or project sites, as well as being a dynamic member of the Corporate Finance Operations team.  The role is both a business partner to the site leadership and Finance teams, as well as as providing oversight and direction to ensure the effectiveness of proper governance and rigorous finance controls at the site(s).  Depending on the Operating site(s) assigned to the role, the position may play a significant role on country matters, such as tax audits and impacts of changing legislation. The role may be asked to take a lead role in certain corporate and/or global accounting activities or initiatives. 

Job Responsibilities

Business Partner to an Operating site

  • The position is expected to be a strong conduit between the Operating/Project site(s) and the Corporate office, supporting the site to meet deadlines on submitting robust, accurate and timely budgets, forecasts and strategic business plans.  
  • Ensures the site(s) has the tools/templates to help review and understand performance variances, cost and capital trends and underlying analysis details for proper reviews of results and forward-looking plans. Actively encourages that proper reviews are conducted. If required, may be asked to help drive initiatives that lead to improved performance. 
  • The position develops a trusting relationship with site management and is used as an advisor on business issues. 
  • Collaborates with cross-functional teams and considers the business impact of decisions on various stakeholders; influences others to achieve project goals, often without direct authority.
  • Develops regular touch points with key subject matter experts if and as required.


Governance, Financial Controls. 

  • The position has responsibilities to ensure the operating/project site(s) is maintaining sufficient and appropriate governance and financial controls. The position actively engages with the site’s Finance and Senior Management leads by providing oversight and leadership to ensure this is happening, and makes sure necessary steps are taken to address any regression. The position is aware of site staffing levels and skills/capabilities and will be expected to ensure steps are taken to address shortcomings. 
  • This position has oversight responsibilities for the external audit of the site(s), helps ensure the audit is performed in an efficient and timely manner, and any control deficiencies identified are dealt with on a timely basis. 
  • Takes a pro-active role on material, higher-risk, and/or non-routine site reporting issues, working closely with the site and the Company's internal and external auditors to ensure issues are addressed efficiently and effectively. The role acts as an advisor to the site on these issues, and as required ensures the site is connected to the right individuals to address issues..
  • Ensures standards of financial and other relevant reporting are met both externally (to meet legislative and statutory requirements) and internally (to support management decision making and group reporting and/or regulatory needs).
  • Provides high-level support to ensure proper governance of the site’s supply chain and procurement functions.
  • May be asked to take part in or even lead key change-management initiatives, not necessarily completely in the financial side of the business; assesses the organization’s readiness to engage in change efforts and facilitates the design and execution of the change effort including mitigating risks.
  • Oversees the regional treasury functions (i.e. debt structuring and servicing, gold sales, hedging, and foreign exchange) under the direction of the Corporate Treasurer. Oversees the implementation of tax functions (e.g. tax accounting, government tax filings, and tax planning strategies) under the support and guidance of the Corporate Vice President, Tax and regional tax teams.

 

.

Performance management

  • Oversite role to ensure the site’s annual Performance Management Plan is reasonably prepared, is submitted on a timely basis, and overall is understood by the site(s). Provides the Corporate perspective to the site on any material changes to the plan’s format and/or targets. 
  • Works with the site(s) to oversee the draft scoring of the site’s annual performance plan, investigates and understands any differences with the final Corporate assessment, and is able to explain these differences to site management. 

Country Financial Management

  • Depending on the site(s) delegated to this position, the site may be involved at a high level in tax audits, dealing with changing country legislation and/or group regulatory requirements that have a financial and/or controls impact for the site(s). The position is expected to take a leadership role in these matters, demonstrating the ability to marshal resources to address such developments.

Sustainability Expectations

Develops policies and procedures relating to internal management and external financial reporting, project governance, consolidations, budgeting, forecasting and financial planning. Ensures that direct reports and respective work areas follow Health and Safety policies and regulations.  Ensures direct reports have the necessary training, skills, knowledge, and tools to carry out their role responsibilities effectively and efficiently.

Scope of Responsibility and Complexity

Works under general direction. Work is highly complex and requires industry expertise, business acumen, and organizational knowledge. Work impacts the results of accounting and financial reporting as well as projects governance. May impact the operations and processes in other areas across the organization. Work is reviewed for attainment of objectives and effectiveness of results. Provides general direction and overall leadership to site staff, with an emphasis on the execution of plans and delivery of services.

Education and Experience

  • Bachelor’s degree in finance or accounting, desirable MBA
  • Current accounting designation (CPA, CMA, or equivalent)
  • Minimum 12-15 years of related experience in the mining or related resources industry
  • Previous experience leading professionals and managers; mentoring and coaching staff to achieve high standards of performance.
  • Previous experience leading overall business processes within an organization
  • Strong management, communication, and interpersonal skills
  • Experience with financial planning, budgeting, and forecasting is required.  Experience in rolling out processes and procedures to deliver accurate, complete, and relevant financial information.
  • Experience integrating acquisitions and divestitures – planning, management and financial reporting, consolidations (deconsolidations) and, controls.
  • Ability to thrive in a deadline-oriented, fast-paced environment

Skills

  • Previous experience developing budgets and planning that positioned the business for growth and success within the organization and industry.
  • Previous experience executing major initiatives such as a partnership, major change, new system implementation, or expansion.
  • Ability to function within the qualifications outlined in the attached physical demands sheets.
     

Behavioural Competencies

  • Teamwork - Balance team and individual responsibilities; exhibit objectivity and openness to others' views; give and welcome feedback; contribute to building a positive team;
  • Business Acumen - Understands business implications of decisions; 
  • Strategic Thinking - Develop strategies to achieve organizational goals; understand the organization's strengths and weaknesses; identify external threats and opportunities; adapt to changing conditions;
  • Judgment - Display willingness to make decisions; exhibit sound and accurate judgment; support and explain the reasoning for decisions; include appropriate people in decision-making process; make timely decisions;
  • Motivation - Set and achieve challenging goals; demonstrate persistence; have overall business curiosity; perform against Kinross standard of excellence;
  • Curiosity - inquisitive thinking, willingness to ask questions learn and explore
  • Planning/Organizing - Prioritize and plan work activities; efficiently utilize resources; set goals and objectives; organize or schedules other people and their tasks; develop realistic team plans;
  • Professionalism - operate well under pressure; accept responsibility for own actions; follow through on commitments;
  • Leadership - Ensure team is focused on delivering results and has appropriate direction to advance Kinross goals.
     

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada. Our focus on delivering value is based on our core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).