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SENIOR ANALYST, REVENUE & ROYALTIES

Date:  Aug 6, 2022
Location: 

Denver, CO, US (United States)

Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

About this role

 

You will be responsible for performing accounting activities for revenue and royalties for the US and Canadian sites. You will support the Manager, Americas GL Accounting, Assistant Regional Controllers and Americas Regional Controller with the implementation of the above initiatives. You'll ensure adequate analysis and QA/QC to avoid errors and incorrect accounting treatment for the various sites. You will coordinate with regional assistant controllers, treasury, and other corporate functions as necessary.

Your role will consist of

 

  • Support continuous improvement efforts for fixed assets, projects and exploration.
  • Provide business support to the site, regional and corporate planning teams as necessary in connection with the annual business planning process.
  • Coordinate the QA/QC of the sites’ annual business plan with respect to revenues and royalties.
  • Independently handle and provide support for month and year-end account reconciliation, related procedures and management reporting as required.
  • Partners with site employees, controllers’ teams, and corporate treasury to keep track of the forecast on sales.
  • Ensures regulatory requirements in relation to sales transactions are met.
  • Calculate the weekly estimate of ounces of gold and silver doré available for sale and inform corporate treasury for their respective sale.
  • Track the sales negotiations made by corporate Treasury, in order to control and track deposits in our bank accounts and stock management.
  • Assist in the preparation of required documentation if required by the corporate Treasury team.
  • Lead and reconcile metal sales in Mineman until closing of the doré shipment.
  • Reconcile the revenue accounts originated by the sales of metals every month.
  • Calculate the weight adjustment of Dore and concentrate (if applicable) shipments and report it to the process area on the first day of each month within the monthly closing process.
  • Calculate the Dollar Price Weight of doré shipments for registration within the month closing process.
  • Review concentrate revenues and quantities reported by the non-US and Canada accounting and reporting teams.
  • Keep control over the GL inventory balances of gold, silver and copper and report them every monthly closing.
  • Prepare the calculation for the payment of royalties.
  • Analyze the selling expense accounts for accuracy and calculate the monthly accruals for national transportation, international transportation, refining, financing, analysis and representation expenses.
  • Prepare analysis of monthly gold, silver, concentrate and other metals revenue accounts for the North and South America regions.
  • Maintain constant coordination with Mineman personnel to seek any problem that may arise.
  • Prepare quarterly provisional pricing and assay adjustments analysis and disclosure.


The above duties and responsibilities are representative of the nature and level of work assigned and are not necessarily all-inclusive.

Your training, skills, and experience checklist

 

  • Degree in Accounting/Finance is required. Master’s degree and professional certifications preferred.
  • 6 to 7 years’ experience in the mining or extractive industries in a planning, budgeting, accounting, tax and/or financial management role.
  • Understanding of the metal sales process.
  • Knowledge of US GAAP and IFRS financial reporting, accounting, budgeting, planning, and tax.
  • Strong BPC and SAP skills.
  • Mineman experience preferred.
  • Works efficiently in a cross-organizational and cross-cultural environment.
  • Strong analytical and financial skills with the ability to develop complex financial models for future projects where limited details may be available.
  • Excellent communication and interpersonal skills required.

Working conditions and location

 

  • The position will sit in the Greenwood Village, CO Corporate Office.
  • Working in our inclusive environment, telephone calls or other meetings may take place before and/or after normal local business hours to accommodate other regions' work schedules and priorities.
  • We may ask you to travel both domestically and internationally to our various regional sites.


The salary range offered for this role is $88,825 - 109,725. The salary range is tied to the Colorado market for jobs performed in Colorado. The salary offer to the successful candidate will be based on job-related education, training, and/or experience.  The salary offer will not be based on a candidate’s salary history at other jobs, and by law, Newmont will not seek information about salary history, and candidates should not share such information with Newmont.   

 

This role will be eligible for participation in a discretionary annual bonus program, pursuant to which an employee may be awarded a percentage of their salary based on the company’s performance and their own individual performance. 

 

Newmont offers a competitive and inclusive benefits package to support physical, mental, financial and emotional wellbeing. This role will be eligible for the following benefits:  Medical, prescription drug, dental, and vision insurance; flexible spending accounts; health savings accounts; life and accidental death and dismemberment insurance; short and long-term disability; 401(k) program with company match; pension; financial planning; employee assistance program (EAP); adoption assistance; dependent scholarship program; tuition reimbursement; paid holidays and paid time off; paid family leave; matching gifts; and discounts on home, auto and pet insurance.  All bonuses and benefits are subject to the applicable eligibility and program/plan terms and may be modified or terminated at Newmont’s sole discretion.

 

Consistent with Newmont’s values of safety and responsibility, we believe that COVID-19 vaccination is a critical tool to fight this pandemic and protect the health and safety of Newmont’s workforce and the communities in which we work and live. With the wide availability of vaccines in the United States, if you are offered this position, you will have to show proof of a COVID-19 vaccine prior to being hired.  This requirement will be subject to an exemption process, as required by law.  Newmont may update its vaccination policies/requirements at any time in its sole discretion.


Nearest Major Market: Denver