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Treasury Manager

Newmont Mining Corporation

Job Posting
Sep. 5, 2018

Treasury Manager

Location: Greenwood Village, CO, US, 80111
Company: Newmont Mining Corporation

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.

Purpose

Provide assistance to the Treasury Operations function within the Treasury Department and demonstrate functional expertise in the areas of hedge program management, preparation of hedge committee materials and other general finance.  The individual will have functional expertise in consumable commodities, precious metal sales, precious metal financing and refining contract review.

Essential Duties

Hedging and Derivatives – 75%

  • Manage current and future FX and commodity hedge programs with the assistance of the Assistant Treasurer
  • Perform mark to market and effectiveness testing calculations, explain variances
  • Perform regression and other statistical analyses
  • Create monthly Hedge Committee presentations
  • Work closely with the Accounting Department to explain programs and support hedge accounting treatment
  • Lead design and implementation of future hedge programs as needed
  • Support back office function for hedge trades and confirmations


Enterprise Risk Management (ERM) – 5%

  • Work with the Enterprise Risk Management team as primary Treasury representative
  • Manage Treasury ERM heat map and identified risks related to Treasury Department
  • Provide quarterly reporting on ERM risks

Precious Metal Sales – 10%

  • Assist with precious metal sales process
  • Precious metal sales finance agreement negotiation
  • Analysis of precious metals market (i.e. Lease rates, forward curves, macro environment variables)


SOX Administration – 5%

  • Administer SOX requirements of the Treasury Department (SOX Champion role)
  • Maintain compliance documentation and provide monthly SOX reporting via Risk Resolver application
  • Perform quarterly reviews of SOX flowcharts and key controls to ensure compliance
  • Update flowcharts and key controls as necessary


Other Treasury Operations – 5%

  • Assist in creation of slide presentations related to various Finance related topics

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

Training & Experience

  • BS degree in Finance, Accounting or similar field.  Masters degree preferred.
  • Minimum of 5 years working experience in treasury, derivatives or related field.
  • Successful completion of CFA level 2 exam or higher strongly preferred.
  • Prior experience or demonstratable knowledge of hedging instruments and derivatives required
  • Proficient in use of Microsoft Excel spreadsheets for statistical analysis and commercial evaluations.
  • Prior experience using derivative valuation software such as Reval. 
  • Strong Microsoft Powerpoint skills


Working Conditions

  • Based out of Newmont's Corporate head office
  • Available to work overtime as required
  • Travel requirements of <5% away from the corporate office

To view position and apply click here.

Contact Information
Lacy Sinner
lacy.sinner@newmont.com