Cost Control Officer - AngloGold Ashanti



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The purpose of the role is to assist the Project Services & Business Improvement department with respect to project cost control/management function, specifically assisting in updating the Sustaining Capital Detailed Time-Phased Cost Model. The role holder will also be responsible for tracking, analysing, and monitoring costs on projects to ensure that:

  • Cost control estimates and related contingencies are reasonable and adequate.
  • An accurate forecast is always maintained.
  • The detailed project cost model is always up-to-date and used as a reference point for performance measurements.
  • Costs are contained within control estimates and spending progress is maintained to plan.
  • Commitments and actuals are tracked weekly

KEY ACCOUNTABILITIES:

  • Understand all contract documents, agreements, procedures, instructions, and other requirements relevant to project costing
  • Assist in establishing, maintaining, and managing project budgets, actual and committed costs, invoicing, forecasts and cost estimates, cash flow, and the SOX auditing process.
  • Generate and report regular project financial data such as spend profiles, budgeted, and earned values, forecasts, completion costs, etc.
  • Provide expenditure forecasts identifying variances against the budget.
  •  Analyse all project cost data to proactively identify potential issues and where required develop and propose alternative solutions to bring the project back within budget.
  • Monitor project activities and progress against the plan to identify change events that may adversely impact the costs of projects Report any defective controls, breaches, or non-compliance for correction.
  • Create purchase requisitions for approval
  • Identify and utilize appropriate information from the contractors’ project cost systems to ensure the project cost progress reports are aligned with agreed contract terms and conditions.
  • Review and recommend approval for payment for contractor progress claims and invoicing.
  • Assist in developing and implementing processes for monitoring and reporting potential disputes related to contract costing between Contractors and AGAG
  • Conduct reviews, observations, and other monitoring techniques to monitor, track, and validate project costs.
  • Support weekly, monthly, quarterly, and ad hoc project reporting including cash flow forecast, variance analysis, and cost value reporting.
  • Demonstrate strong SHE leadership and assist in promoting a strong SHE culture within the PSBI department and across site..


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QUALIFICATION, EXPERIENCE AND TECHNICAL COMPETENCIES

Qualification

  • Bachelor’s degree in Finance, Economics, Engineering, Construction Management, or related qualification

Experience

  • Must have a minimum of 2 years of work experience in a similar role, preferably in a mining environment.
  • Basic knowledge of Project Controls/Management – WBS (scope control), Earned Value Management, Cost Reporting and Analysis, SAP PS System
  • Contracts and subcontract pre- and post-award management experience
  • Knowledge of cost baseline development

Other Competencies

  • Able to multitask, prioritize, and manage time efficiently.
  • Proficient computer skills, Microsoft Office Suite (Word, PowerPoint, Outlook, and Excel)
  • Ability to build and maintain effective cross-functional working relationships


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