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Director, Financial Modeling

Newmont Corporation
United Statesfull_timeVerifiedPosted 14 Dec 2023
💰 $134,240/yr

About the role

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

What will you be responsible for?
The Finance Function is undertaking a significant review of its work systems and processes in an effort to design an integrated and comprehensive approach to the financial planning and analysis process. 
This includes:

  • Developing the industry's strongest capital allocation strategy and scenarios that support the next “big moves”.
  • Elevating financial planning, analysis, and reporting to optimize short- and long-term value.
  • Refining and implementing the Newmont Equity Story into external facing markets. 
  • Strengthening the industry's strongest balance sheet through liquidity and liability. management, projects and capital prioritization, insurance strategy and financial risk analysis that supports Newmont’s objectives.

Within the Finance organization, there is a specific focus on transformation to elevate the quality of financial planning and analysis with a redesign to incorporate best-fit systems and practices, streamlining processes, integrating the multiple reporting requirements and often duplicated work, and the requirement to refine and automate processes. 
The Financial Modeling & Analysis work will provide insights into long-term financial and LOM planning by modeling scenarios, including asset valuation. The challenge for the work is to develop the modeling of LOM value beyond current practices and assumptions, working with the Corporate Development team on economic input to model potential value and trade-offs. 

In this role you will

Here is a snapshot of what your day to day will look like:
Growth Strategy / Governance

  • Refine the financial modeling system to provide an end-to-end system with capacity to model complex scenarios involving multiple inputs and variables. 
  • Spearhead work on Asset Valuation to inform asset and corporate development strategy. 
  • Develop cost benchmarks and drivers including cost inflation analysis, map and monitor across the business. 
  • Develop reporting framework for modeling scenarios and ad-hoc reports for executive leadership and Board. 
  • Coordinate and ensure reviews and processes meet content and quality standards. 
  • Systems integration and development of forecasting within SAP.

Operations Excellence

  • Lead the modeling and scenario analysis through a team of specialists to assess proposed valuation and asset strategy forming an independent opinion on the evaluation and options. 
  • Integrate critical drivers of success, recognizing potential fatal flaws and/or risks. 
  • Lead continuous improvement to systems and tools to improve predictability and quality of information and inputs. 

Safety & Sustainability

  • Collaborate with the CSSO teams to include key safety and sustainability requirements are included in the financial modeling options. 

People

  • Ensure that finance partners understand how they contribute to and benefit from the success of this work.

Commercial

  • Ensure the reporting requirements for financial valuations and asset strategies meet time and quality requirements. 
  • Develop a based annual budget for team and monitor against it. 

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

Your training, skills & experience checklist

Here is what we need to see from you!
Education:

  • Finance (B.S.) or Business (B.A.) degree required, Masters (M.S., M.B.A) or equivalent desirable.

Experience:

  • Economic models, risk management. 
  • Mining value chain and assets.
  • Project Management.
  • Newmont’s Financial Planning & Analysis systems. 
  • Methods & tools of financial modeling / scenarios. 

Skills and Abilities:

  • Self-Awareness
  • Able to analyze own behaviors and impact on others and adapt behaviors to suit context and circumstances. 
  • Can observe on

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Company

Newmont Corporation

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