Manager - Financial Modelling

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Start Date ASAP
Hybrid Work Environment (3 days in office, 2 days remote with flexible hours)
Dress Code Business Casual
Location Downtown Toronto, Outside of Union Station (TTC & GO accessible)
A Great Place to Work

Purpose of Role

Provide financial modelling leadership within Technical Services, working closely with Strategic Business Planning, Mine Planning, Project Evaluations, Corporate Development, Exploration and other groups. Contribute to the evaluation (through cost and economic modelling) and execution of mergers and acquisitions. Working closely with the VP, SBP & BPM, act as a corporate resource on economic modelling, ensuring consistency in models across all projects in the portfolio. Contributes to organic project studies through ownership of the project economic models, as needed.

Job Responsibilities

1. Provides ownership of the financial model for internal studies, as required.

• Support internal project studies in making strategic decisions through analysis, business case development, modelling and impactful communication
• With limited instruction and guidance, performs error-free and insightful analysis, financial or otherwise, that supports studies.
• Working with project leaders, project team members, contractors, and corporate and regional senior management, assist in developing and managing the execution of initiatives to assist in the successful study and delivery of project studies.
• Applies understanding of key business drivers to build and maintain financial models, which will often support multi-million dollar decisions (if not 10s or 100s-of-millions of dollars). Pressure-tests others’ models and analysis.
• Supports the analysis and preparation of communication materials for capital requests, Strategic Business Cases, and the Strategic Business Planning process in general.

2. Provide governance on financial modelling practices across the company.

• Work closely with the VP, SBP & BPM to ensure consistency of project financial models across the portfolio.
• Conduct model reviews to flag errors, inconsistencies or other issues that need to be corrected.
• Review study chapters related to financial modelling and/or operating cost development.
• Validate business cases associated with capital committee capital requests to provide the senior leadership team with confidence around capital allocation.

3. Support Due Diligence Activities through economic modelling.

• Develop robust economic models to support asset-level or multi-asset-level due diligence activities.
• Prepare operating and capital cost models, with varying levels of detail (bottoms-up, benchmarking, etc.), depending on the scope of the diligence activity.
• Actively participate in benchmarking to validate external reviews.
• Work closely with the Technical Evaluations team on acquisition process for by managing external project evaluations. Where required, lead meetings with multi-disciplinary teams. Create and maintain schedule, data requests and generate presentations.
• Generate critical inputs into cash flow models.
• Contribute to management presentations summarizing financial and technical results of due diligence activities.
• Prepare business cases and reports regarding projects and initiatives and present recommendations and status updates to key stakeholders and senior corporate and site management.
• Demonstrates advanced level knowledge in corporate development and functional areas such as financial modeling and transaction management.
• Participate in site visits in order to assess opportunities.
• Collaborate with and provide guidance and recommendations to senior management and peers to identify and analyze risks and opportunities related to projects and due diligence.

4. Other activities, as required

• Provides mentorship to other colleagues (both Technical Services and the wider Kinross) with less experience.
• Analyzes and interprets data (e.g. project valuation metrics like: NPV, IRR, Bang-for-the-Buck, AISC, payback period, etc.).
• Support the Exploration and MINEX teams with “Size of the Prize” analysis, focused on providing context around exploration opportunities by conceptually valuing potential targets.
• Responds to a variety of internal and / or external requests, many of which will not be standard and will require advanced problem-solving approaches.
• Prepare business cases and reports regarding potential opportunities, including recommendations and status updates.
• Provide objective peer review of internal and external projects.
• Assist with post-merger integration, or continuity of study plans post-acquisition.
• Ability to travel internationally.

Education and Experience

• University degree in Finance, Business Management, Engineering, or a related field.
• 5-8 years of related experience.
• Financial or technical background and ability to understand and apply financial theory or technical outputs to transaction analysis and/or business case development.
• Ability to develop concise executive-level presentations.
• Demonstrates an understanding of the mining industry and capital markets.
• Establishes relationships within the company with operational and technical leadership, as well as within the mining industry, helping to identify and develop opportunities.
• Ability to analyze and synthesize information quickly and correctly.
• Exhibits a high level of professionalism and accountability.