Cost Accountant


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Lubambe Copper Mine is located within the Greater Konkola Area of the Zambian Copperbelt and consists of a large – scale mining license covering an area of approximately 228 square kilometres.

Completed and commissioned in 2012, Lubambe is an underground operation supported by a shaft and decline access with a 2.5 million tonne per annum capacity ore concentrator. The mine’s current depth is 450 meters producing a high-grade copper concentrate which is then treated at Zambian smelters.

The mine currently employs 1, 125 direct employees, and a further 1,200 contractors. It places the highest priority on safety with a world class safety system.

Supporting local communities and suppliers is a key business focus of the mine.

EMR Capital owns an 80% controlling interest in Lubambe while ZCCM-IH owns 20%.

The Mine seeks to employ an experienced and qualified individual in the following position:

Cost Accountant

This position reports to the Senior Management Accountant.

Core Purpose of the Position

The position involves preparing and providing timely financial and statistical information to the Departmental Managers/HOD’s so that they can make day-to-day, and short/medium/long-term managerial decisions.

Key Performance Areas/Indicators (KPA/Is):

  • To prepare weekly and monthly departmental cost reports with exceptional highlights for Departmental Managers and report on periodic variances, their causes and required remedial actions.
  • Attend departmental planning and operations meetings in order to timely sensitize operational managers of cost and financial performance and be aware of the operational plans
  • Advise departmental staff on correct cost allocations and analysis codes in line with weekly and monthly budgetary plans and as requested.
  • Continuously reviewing ledgers to ensure that all purchase/stores requisitions are timely captured and that expenditure is posted to correct cost centres and codes by carrying out a review of postings on daily basis.
  • Helps to coordinate and collect underlying budget data at departmental level for the comprehensive company annual budget consolidation.
  • Apply budgetary controls by ensuring officials operate within approved budgets and make the most effective use of available resources at departmental level.
  • Assist Senior Management Accountant to gather historical operational budgeting and expenditure information where necessary.
  • Work hand in hand with Supply Chain and Accounts Payable to ensure that direct orders being raised, and invoices being captured are correctly posted in line with budget plans.
  • Raise correction journals where necessary in order to reflect the correct costs per code in line with budgetary plans.
  • Any other duties assigned by Superiors.

Academic Qualifications and Experience

  •  Grade 12 Certificate.
  • Part-qualified in ACCA/CIMA or Degree in Accounting.
  • At least 3 years of related experience in a similar position and senior level reporting.
  • Costing & Budgeting experience in the Mining industry will be an added advantage.
  • Member of ZICA, ACCA, CIMA or other recognised Accounting Bodies.
  • Excellent Written Communication skills and analytical skills.
  • Efficient organisation and time management skills.
  • Ability to work well under pressure.

Applicants who meet the above requirements are invited to send their Curriculum Vitae in MS word format to  [email protected] . Please indicate the job title of the job you are applying for in the subject line of your e-mail. The closing date for receipt of applications is Sunday 29th August 2021.

Only shortlisted candidates will be contacted.

To apply for this job email your details to [email protected] .

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