Senior Manager - Strategic Planning

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

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus on delivering value is based on our four core values of Putting People First, Outstanding Corporate Citizenship, High Performance Culture, and Rigorous Financial Discipline. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Mining responsibly is a priority for Kinross, and we foster a culture that makes responsible mining and operational success inseparable. We also achieved record high levels of local employment, with 99% of total workforce from within host countries, and advanced inclusion and diversity targets, including instituting a Global Inclusion and Diversity Leadership Council.

Reporting to the Vice-President, Strategic Business Planning & Business Performance Management, this role will serve the following purpose:

1. Facilitates the annual Strategic Business Planning (SBP) process, working collaboratively with corporate and site personnel to deliver robust life-of-mine plans and economic models to provide direct support to senior management (Senior Leadership Team, General Managers, etc.) to help guide company strategy.
2. Manages the Annual Mineral Reserve and Resource Statement development, working closely with site-level responsible persons, and the Vice-President, Geology and Technical Evaluations to deliver a timely product for public closure.
3. Provides strong business case development support from a financial evaluation and to a lesser extent, technical perspective, including preparation of presentation materials.
4. Contributes to margin enhancement and optimized mine planning processes through creation and execution of best practices.
5. Coordinates reviews of Strategic Growth Options to validate business cases and help provide confidence in capital allocation decisions.

This role applies advanced analytical insights, data management, and modelling skills to contribute to the design and development of processes, practices, and methodologies in financial analysis and strategic planning. The role provides insights and recommendations to inform key decision-making at senior levels.

1. Lead the Strategic Business Planning Process

a) Site-level Support & Guidance

• Provide guidance on life of mine strategic planning decisions and capital investments / major projects from a global portfolio management perspective.
• Develop and continually improve global standards for “Strategic Options”, “Plan Updates” and “Target Case” preparation. Set timelines, prepare documentation and administer process to ensure successful completion of strategic plans. Ensure alignment between Operations, Finance and other functional group requirements.
• Working closely with the Vice-President, SBP & BPM, and with input from Financial Risk Management Committee (FRMC), prepare corporate guidance and direction to regions and mine sites for preparation of life of mine plans.
• Run the “P50” production process, working jointly with Corporate and Site technical services teams to use Monte Carlo modelling to build probability ranges around production estimates.
• Collaborate with site SBP Leads to stay connected throughout the entire planning process, understanding emerging opportunities and risks as they surface.
• When needed, work directly with site teams on any issues surfaced during plan development.

b) Validate the quality of SBP Submissions

• Work with the Corporate functional leads (in Technical Services, Corporate Development, Finance, Projects, Energy, Supply Chain, HR, Environmental) to coordinate a review of the key deliverables of the SBP to ensure that the plans are realistic, the financial assumptions and calculations reflect Kinross standards and guidance.
• Perform detailed pressure testing analysis of key plan assumptions, comparing to the appropriate reference points (previous SBP, Budget, Resource/Reserve reports) to ensure a realistic plan.
• Develop tools to allow for quick reviews of both technical and cost outputs, with an emphasis on backwards-looking comparisons and calibrations.
• When needed, have the ability to dive into mine plan or financial models to extract data or flag opportunities/risks.

c) Plan and execute the annual SBP process

• Working closely with the Vice-President, SBP/BPM, set the annual schedule for the SBP.
• Be the primary point of contact for the SBP for Corporate and Site stakeholders.
• Continually seek to improve the annual process, ensuring that the needs of major stakeholders are met.
• Support transition from Strategic Planning work into annual budgeting processes by liaising closely with the Finance Planning & Analysis (FP&A) team.
• Support transition from Strategic Planning work to Board Strategy Reviews.

d) Consolidate Strategic Plans and communicate findings

• Assist the VP, SBP/BPM in communication and progress updates to the Senior Leadership Team (SLT), Leadership Advisory Team (LAT), and to a subset of the SLT, the Capital Committee.
• Develop meaningful presentation materials to summarize the SBPs for presentation to the SLT at the annual Strategic Planning meetings (Strategic Updates Day and SBP Days).
• Develop and update the “Abacus Model”, a flexible scenario analysis tool used for strategic discussions.
• Support the development of targets that can be used during the Strategic Planning annual cycle to set expectations and measure results against expectations.

2. Coordinate the Annual Mineral Reserve and Resource Statement (AMRRS) development.

a) Develop Annual Guidance

• Working closely with VP, SBP/BPM and VP, Geology and Technical Evaluations, set the annual AMRRS Guidance for site-level teams, and propose pricing to be confirmed by the Senior Leadership Team.
• When necessary, work with mine planners to develop and present pit sensitivities to inform impact of various prices on potential.

b) Deliver the AMRRS process

• Coordinate timely submission from site responsible persons.
• Validate resource models, cut-off grades, pit optimization parameters and other technical inputs by managing corporate reviews.
• Compile presentation materials for the Senior Leadership team, summarizing AMRRS results and changes from previous years.

3. Provide analytical and project management leadership for various strategic planning programs and projects.

• Generally speaking, supports Kinross and its sites and projects in making their most strategic decisions, through process management, analysis, modelling and impactful communication.
• Provides project management support to progress strategic plans for brownfield and greenfield opportunities within the portfolio.
• Coordinates multiple contributors (both internal and external) to produce project studies, including Scoping studies, Pre-feasibility studies, and Feasibility studies.
• With limited instruction and guidance, performs error-free and insightful analysis, financial or otherwise, that supports site, cross-site or Corporate projects.
• Applies understanding of key business drivers within our area 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.
• Works collaboratively with operations and corporate teams to assess risks and opportunities within mine plans and financial models. Embeds this work into Monte Carlo simulations to understand range of outcomes within plans.
• Supports broader corporate global programs outside of own area. This includes the development of reporting tools, supporting site action plans, etc.
• Based on experience, contributes technical advice and insights to projects.
• Makes decisions within procedures and guidelines in standard situations.
• Explains and presents complex information in a straightforward way, by developing and delivering communications materials for sites and senior executives, up to the SLT level.
• Leads the preparation of communication materials for AFEs, Strategic Business Cases, and the Strategic Business Planning process in general.
• Assist with non-standard requests for support and identify solutions to such requests.
• You will need to be as self-directed as possible to achieve the above tasks, while working within guidance, guidelines and policies.

4. Other, general support as required:

• Acts as a resource for colleagues with less experience.
• Manages the flow of information between the sites. Drives and facilitates discussions around best practices.
• Uses developing knowledge of Kinross operations to support sites, pressure-test business models, etc.
• With minimal oversight, analyzes and interprets data (e.g. operating metrics like: tons hauled; equipment efficiency; downtime due to maintenance, operating constraints and suboptimal performance).
• Assists in identifying cost savings opportunities and building full potential cost models.
• Responds to a variety of internal and/or external requests, many of which will not be standard and will require advanced problem-solving approaches.
• With minimal oversight, prepares straightforward communication materials, manuals, and other written materials related to evaluations, technical issues, programs, or systems.
• Actively seeks mentorship and learning to improve product or technical knowledge and skill set.
• Performs analysis and coordination on due diligences for Mergers and Acquisitions. Potentially assist with merger integration.

Education and Experience

• Bachelor’s degree in engineering, accounting or finance or a related field. Additional specialized education (CFA/CPA), masters level degree (specifically an MBA) or equivalent would be beneficial.
• Five to Eight years of experience in the mining industry, preferably with progressive experience in a project/operations environment (corporate or site-level).
• Two or more years of experience with exposure to financial and strategic modeling in an asset-intensive industry (preferably mining).

Skills

• Expert level skills in Excel: ability to build financial models, and perform analysis to pinpoint opportunities for improvement.
• Proficiency with PowerPoint.
• Broad understanding of technical areas, including geology, geotech, hydrology, mine planning and metallurgy.
• Operations and strategy analysis experience including developing and analyzing financial and full potential models.
• Understanding of financial statements and mining concepts.
• Demonstrated analytical and quantitative skills set: ability to complete a Design of Experiments, Logistical Regression, Modeling, statistically literate etc.
• Proven team leadership skills and/or project management ability.
• Ability to interact effectively with Senior Management.
• Solid verbal and written communication skills.
• Previous experience in the mining industry and/or a major consultancy is strongly preferred.
• Ability to learn quickly.
• Flexibility in a fast-paced environment; ability to handle significant variation in workload.
• Experience supervising or mentoring financial or consulting employees.
• Well organized, works well independently and in team settings.
• Possesses good time-management skills, and is able to work effectively under pressure.
• Conversational French, Spanish or Portuguese is a major asset, but not a requirement.
• Ability to function within the following travel requirements: frequent travel to remote mine sites in Mauritania, Chile, Brazil, Nevada, Washington State, Alaska and northern Ontario. The expectation is that the role will require up to 2 weeks of travel out of every 4 weeks.