Posted: 31 Jan 2012
Apply deadline: 30 Apr 2012
Location: CO-Denver,USA
Job Description:
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 34,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Peru, Indonesia and Ghana. 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: Global role supporting functional/regional alignment with Newmont’s Strategy/Vision/Mission to integrate and deliver the strategic planning process into the business.
- In conjunction with the Senior Director, Strategic Planning, develop strategic planning process and tools to be used Company-wide. Lead the integration of the Strategic Planning process, function and tools to other functions including, but not limited to: Operations, D&D, Corporate Development, Tax and Treasury.
- Create, integrate and manage the development of department’s project and operations advisory services processes for use by executive leadership (CEO, ELT), Board of Directors, Discovery & Development leadership (DDLT), regional and functional leadership and the planning department in the strategic planning process.
- Provide leadership and co-sponsorship for the facilitation, communication and execution of the Company’s strategy.
ESSENTIAL DUTIES: ·In conjunction with the Senior Director, Strategic Planning, develop strategic planning process and tools to be used Company-wide. Lead the integration of the Strategic Planning process, function and tools to other functions including, but not limited to: Operations, D&D, Corporate Development, Tax and Treasury. ·Review, analyze, develop a plan and implement continuous improvement of the Strategic Planning Process as part of the Global Planning Initiative and ongoing continuous improvement by identifying, coordinating and planning work efforts and change management activities (identification of work timing, process impacts, dependencies and formal approach) for stakeholders on a global basis to establish consistent strategic planning processes to help promote efficiencies and standardization across functions and regions.·Partner and collaborate with corporate and regional functions as a key stakeholder to consider strategic and financial (vs. technical) impacts of investment decisions (internal and external) and various strategic scenarios within the context of global and regional portfolios and plans. (e.g. growth, NAV, accretion, dilution, liquidity, etc.)·Manage components of the strategic planning owned “Strategy Board Meeting”, ELT retreats and regularly scheduled Board meetings (e.g. strategic direction updates, ad-hoc analysis etc.). May present materials to Senior-most levels of the organization and Board of Directors.·With a strong understanding of industry ‘best practices’, lead the development of, manage research and provide recommendations for the Company’s strategic capital allocation process.·Maintain valuation models for business, strategic and pro-forma plans and support the company’s internal economic modelers to continue to drive ‘best practice’ (simulation, real option valuation and portfolio management, etc.) Lead and manage strategy and planning analytics as well as the development of department’s portfolio analysis tools and applications used in the Strategic planning process. ·Drive competitive advantage through the development of analytical concepts that facilitate the communication and understanding of corporate and regional strategy. ·Responsible for the review, development and maintenance of ongoing analytics for reconciliation of business plans to strategic plans as well as various analytical projects (e.g. Batu Hijau divestiture, F/X exposure, dividend and share buy-back analysis, accretion/dilution analysis, NAV comparisons, etc.)·Subject matter expert, owner, driver of best practices (including governance and continuous improvement) for the department’s analytical/modeling (i.e. Hyperion) and Portfolio Management (Strategic Fit Score, ERM score card, etc.) tools, techniques, processes (i.e. Strategic Plans, project and portfolio ranking, scenario analyses, etc.) and information sources. Requires knowledge of financial accounting, tax, and project valuation modeling. Lead and manage the development of department’s project and operations advisory services processes for use by executive leadership (CEO, ELT), board of directors, Discovery & Development leadership (DDLT), regional and functional leadership and the planning department in the strategic planning process.·Lead the continuing evoluation of Project/Operations Advisory Services group. Provide portfolio impacts and business case rationale for capital investment decisions. ·Act as a business-partner to Discovery & Development and Operations teams. Use deep understanding of team, work to develop compelling recommendations for investment decisions, etc. Key skills require ability to understand very technical data, generate portfolio analyses and to communicate results orally and/or via presentations to senior management across the Company.·Provide technical leadership, education and training to the department’s analyst and manager level staff (current staff is very finance/economics proficient. Need to supplement with technical mining skills).·Interact on a daily basis with D&D Leadership, Project Directors (both Regional PDs and project specific PDs) and other D&D support groups (PBA, PMO, etc) to facilitate positive relationship building, the transfer of key information including project status updates and reasons behind project changes, and improve Strategic Planning’s ability to make informed recommendations on project advancement decisions. ·Co-lead Opportunity Framing Workshops in conjunction with PBA, regional planning and other stakeholders for project option identification and analysis, and co-lead the presentation of workshop outcomes to senior leadership. Participate as the Strategic Planning Global Functional Lead for Integrated Planning Session discussions, project stage kick-off meetings and Stage-Gate reviews.·Understand project funding requests and the current priorities of the ELT/DDLT to make informed recommendations regarding volume and type of materials needed for DDLT and ELT review of a project (e.g. Memo only, project review presentation or regional strategic presentations). Guide the development of project and portfolio review materials in conjunction with project team and D&D support groups. ·Provide leadership for continued improvement of project economic calculations, and the continued streamlining of data transfer and calculation methodology between PBA, regional planning and Strategic Planning. Monitor and communicate changes in project models between Strategic Plan or Business Plan versions of a project and current understanding of a project when discrepancies arise due to plan/project timing. Provide leadership and co-sponsorship for the facilitation, communication and execution of the Company’s strategy. ·Responsible for supporting the attraction, management and development of a high-caliber team to execute duties listed above. ·Manage development of leadership strategic content communications, simulations and meetings. (e.g. HPL – High Performance Leadership program, Leadership Meetings, etc.).·Actively collaborate with and nurture a high-performing team through leadership practices, development of effective business relationships throughout the Company and information sharing. ·Provide feedback to individuals in the business to improve analytical and strategic planning skills, understanding of Newmont's portfolio approach and general financial and business acumen.·Build credible, long-term partnerships across organization (executive leadership, functional and regional leadership, etc.) to drive the Strategic Planning process. Encourage creativity, innovation and intelligent risk taking in strategic planning process. Develop trust, credibility and partnerships with and provide leadership to the Company's internal economic modeling staff to continue to drive best practices. The above duties and responsibilities are representative of the nature and level of work assigned and are not necessarily all-inclusive. WORKING CONDITIONS: ·The position is located in the Denver corporate office.·Position may be required to travel up to 30% in order to assist domestic and international sites.·Willingness to put in extra hours as travel, projects and priorities dictate; ability to accommodate meeting times outside typical business hours to attend global calls, etc.
TRAINING & EXPERIENCE: ·Minimum of 15+ years in finance/economic analysis, business and/or strategic planning or mine planning/engineering. ·Minimum of 7+ years managing people in a leadership role, and oversight for the development of “C” level, Investor Relations and/or Board materials. ·MBA or advanced degree in Finance and/or Economics preferred; undergraduate degree in any mining, finance or mineral economics, or engineering related science with thorough knowledge of financial accounting.·In depth knowledge of resource and commodity valuation techniques as well as uniqueness of the gold investment thesis. ·Ability to apply business, financial and technical acumen to strategic thinking concepts grounded in the resource and commodity space including familiarity with various strategy time horizons and concepts (e.g. core value maximization, core business model and variation theories, etc.)·Ability to review a pro-forma, individual and portfolio, economic models and understand how the underlying “physical” relationship of mine designs, mine plan and process plan assumptions relate to portfolio financial impacts, strategic implications and investment thesis tension.·Must have a financial analysis skills including understanding Income Statements, Balance Sheets, and Cash Flow statements, and how the relationship and representation of these financial statements are translated into an “economic model” as well as the tensions between accounting, tax, treasury and planning relate to investment decisions and KPIs used by the Street for resource & commodity industries such as Production, CAS, Capital, capital structures, NAV, Cash Flow, reserves and resources·Must be able to synthesize information across various aspects of the business strategy including operations, projects, investor relations, treasury, risk and environmental and social, etc.·Ability to work closely with all levels of the organization including “C” levels to help facilitate and provide comprehensive information to aid in decision making.·Ability to builds effective operating strategies that deliver measurable business results.·Excelled oral, written and presentation skills are required.·Ability to operate effectively in a team environment is critical.
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