Consolidations Analyst (18 month Maternity Leave)

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Date: Aug 12, 2019

Location: Toronto, Ontario, Canada

Company: Kinross Gold Corporation

The Kinross Corporate Head Office is located in downtown Toronto and supports Kinross operations and projects worldwide. Corporate functions include Finance, Procurement, Health & Safety, Human Resources, IT and Investor Relations.

Job Description

The Consolidation Analyst participates in the data collection, review and consolidation of Kinross’ monthly financial results, including income statement, balance sheet, cash flow and operational metrics. Responsible for processing and documenting consolidation entries as required. The Kinross consolidation and reporting system encompasses approximately 200 legal entities, using a WEB based consolidation system, SAP’s Business Planning and Consolidation tool. In addition to performing consolidations, KARS (Kinross Advanced Reporting System) is used to collect and report management/operational metrics and budget/forecast comparisons. Applies analytical insights, data management, and data modeling skills to the design and development of processes, practices, and methodologies. The role meets operational or financial objectives by providing timely analysis for strategic management decisions.

Job Responsibilities
  • Develop an understanding of data flows from site ERP systems through to KARS in order to ensure accurate consolidated results and to incorporate newly acquired entities into the month end closing process
  • Coordinate and complete data loads monthly from ERP systems to KARS for preliminary and final monthly reporting
  • Assist in the development, implementation, testing, and rollout of changes to the KARS application to meet ongoing reporting requirements
  • Review cash flow movements to ensure accuracy and consistency from month to month
  • Review mine site operational data monthly for reasonability and completeness. Investigate issues and co-ordinate with site finance personnel to ensure accurate data
  • Follow up and resolve KARS data validation issues on a monthly basis
  • Participate in KARS enhancement efforts, including system upgrades
  • Provide support to sites and internal users on KARS functionality and related enhancements
  • Assist sites and regional controllers in remediating intercompany imbalances, determining resolution of complex accounting issues, or explaining unusual balances and fluctuations
  • Assist Consolidation Manager with monthly exploration reporting
  • Maintain accounting records of certain KGC subsidiaries which includes financial transactions, bank reconciliations, monetary revaluation, financial statements, and account analysis and reconciliations.
  • Coordinate with external service providers to ensure timely and accurate delivery of agreed to services and work product
  • Coordinate with management to gather and analyze information for the annual decommissioning liability review
  • Prepare consolidating financial statements note for guarantor reporting
Job Responsibilities continued...
  • Maintain documentation and audit support for entries posted in KARS for Sarbanes-Oxley compliance.  
  • Liaise with internal and external auditors
  • Complete quarterly analysis on a consolidated basis of PPE, debt, cash flow and other items for management review
  • Research information to support decision making and improve processes or methodologies, including development of operational or financial tools
  • Analyze business performance data to produce monthly, quarterly and annual performance reports, and ad hoc reports, as requested
Education and Experience

Education

  • University degree in finance / economics
  • Professional accounting designation (CPA or international equivalent)

Experience

  • 3 – 5 years of related work experience or equivalent
  • Previous experience in consolidations is an asset

e mining industry is preferred

Skills
  • Attention to detail and strong analytical skills
  • Proficiency in Excel

 

Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Russia, Ghana and Mauritania, employing approximately 9,300 people worldwide. Our core purpose is to lead the world in generating value through responsible mining.

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