Lubambe Copper Mines
Posted Job
almost 2 years ago

Senior Financial Accountant – Assets (X1)

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 240 square kilometres. The mine is a modern, world class facility with fully mechanized underground operations.

Lubambe Copper Mines is owned by EMR Capital of Australia (80%) and ZCCM – Investments Holdings (20%). The Mine is currently in a ramp up stage and will ultimately produce 45, 000 tonnes of contained copper and will employ approximately 1,500 people. The Plant infrastructure consists of a Concentrator plant, a laboratory and underground infrastructure. The Concentrator incorporates crushing, milling, flotation and filtration. The design capacity is 2.5 MTPA of ore at an average mill grade of 2.3% copper, yielding 45,000 tonnes of contained copper in concentrate to be sold to smelter in Zambia. To support this vision, Lubambe Copper Mine seeks to employ experienced and qualified individuals in the following positions:

This position reports to the Financial Controller.

Core Purpose of the Position

This position is responsible for

  • Monthly, Quarterly and Annual Financial Reporting (Balance Sheet)
  • All Assets and Treasury management
  • Ensuring integrity of the Trial Balance by performing General Ledger reconciliations
  • Concentrate Sales internal and external reporting
  • Key Performance Areas/Indicators (KPA/Is):
  • Monthly preparation of Balance Sheet and ensure all reconciliations and analyses are prepared, reviewed and approved.

Copper Concentrate Sales

  • Obtain monthly Concentrate Shipment Certificate from Metallurgy and accurately prepare both provisional and final invoices ensure that they have been dispatched to our two customers.
  • Process sales Journals in ERP system and ensure that they are recorded correctly by performing reconciliations for the sales for the month.
  • Ensure that sales are correctly revalued by performing Marked to Market monthly on open invoices where no final invoices have been raised.
  • Reconcile debtors monthly to ensure that balance recorded on the general ledger is correct
  • Liaise with customers on issues relating to concentrate sales
  • Ensure that output Vat is properly recorded in general ledger
  • Ensure the Concentrate Contract terms are complied with including following up finalization adjustments

Treasury Management

  • Prepare 16-week cash flow rolling forecast based on
  • Ensure daily cash position is prepared and reconciled
  • Foreign exchange dealing by negotiating the exchange rate with the banks
  • Ensure enough Kwacha cover to facilitate payment of Kwacha payment
  • Supervising payment process and signing of the payment documents
  • Payments follow-up from customers
  • Reviewing and approving cash book transactions journals in ERP system
  • Ensure petty cash is properly secured and approving payment vouchers
  • Ensure that bank reconciliations are prepared, reviewed and signed off monthly
  • Contact person for banks

Fixed Assets management

  • Capital expenditure control by comparing budget to actual
  • Ensuring that application for capital expenditure form is duly signed off before purchase order is raised for any capital item
  • Recommend to management any updates to accounting policies related to fixed assets.
  • Impairment reviews
  • Fixed Assets maintenance by adding new assets, correct depreciation applied to all assets, verification of and disposal
  • Ensure that fixed assets register and reconciled to general ledger and that reconciliations are signed off
  • Drafting of procedure on fixed assets

Other Jobs

  • Company assets insurance
  • Preparation of annual financial statements in conjunction with external auditors
  • Attending to both internal and external audit queries
  • Reviewing and approving of transactions in ERP system
  • General ledger reconciliations
  • Computation of mineral royalty tax
  • External reporting e.g BOZ and other reports required by government agencies
  • Supervision of staff
  • Any other duties assigned by Supervisor and Management

Professional Qualifications and Experience:

  • Professional Accounting qualification
  • A degree qualification in Accounting
  • Valid member of ZICA
  • 5 years working in the same role
  • Hands on experience preferably in mining sector with ERP and Microsoft Office
  • Strong communication and interpersonal skills with excellent presentation skills
  • Team player
  • Dependable
  • Good report writing skills
  • Analytic, result oriented, pro-active, communicator and stress resistant
  • Concern for accuracy
  • Leadership.

How to Apply

Applicants who meet the above requirements are invited to send their Curriculum Vitae in MS word format to the email below: The closing date for receipt of applications:

Application deadline
9 Dec 15:00
Email applications to

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