Ivanhoe Mines
The Capital Accountant will take full ownership of the Company’s capital accounting environment and fixed asset governance framework within a growing, capital-intensive mining operation.
Role Overview:
The successful candidate will establish, strengthen and institutionalise capital accounting systems, componentisation practices and lifecycle cost governance. As the asset base expands, this role is expected to evolve into a more senior Capital and Technical Accounting leadership position within the organisation.
This is not a transactional accounting role.
This is a site-based role reporting into the Finance Department.
Suitable candidates must possess the following minimum qualifications and skills:
Grade 12/ Matric or equivalent (Maths & Physical Science NOT mandatory)
Chartered Accountant (CA(SA)) – Mandatory
Strong technical IFRS knowledge, specifically IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets) and related standards
Suitable candidates must have the following work experience:
3–5 years post-articles experience
Mining or heavy industrial experience will be advantageous
Demonstrated experience managing fixed asset registers in capital-intensive environments
Experience overseeing assets under construction (CWIP), capitalisation processes and component accounting
Exposure to audit engagements involving large PPE balances
Experience engaging with Engineering, Maintenance and Operations in operational environments
Proven ability to work within ERP environments and Capital Asset Management (CAM) systems (e.g., SAP or equivalent)
Advanced analytical and financial modelling capability
Strong understanding of asset life cycle costing and capital governance
Ability to translate operational data into financial insight
The successful candidate will be responsible for, but not be limited to:
Take full accountability for the integrity, completeness and accuracy of the fixed asset register
Establish and formalise capital accounting controls, policies and governance structures
Ensure strict compliance with IAS 16, including appropriate componentisation of plant and mining equipment
Implement disciplined depreciation management aligned to operational asset usage
Oversee and manage rotables and major components, ensuring depreciation ceases when components are removed and recommences when reinstalled and available for use
Oversee all capital work-in-progress (CWIP) balances and ensure accurate and timely transfer of completed projects into operational assets
Ensure appropriate capitalisation of qualifying expenditure and enforce capital versus expense discipline
Leverage Capital Asset Management systems to analyse asset performance and life cycle cost trends
Identify assets — particularly underground Trackless Mobile Machinery (TMM) — where maintenance costs exceed lifecycle assumptions
Provide financial insight into repair-versus-replace decisions and actively contribute to capital replacement planning discussions
Monitor impairment indicators and support technical accounting assessments
Prepare PPE disclosures and engage directly with external auditors
Build a scalable capital accounting framework capable of supporting significant asset growth
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