Role Title:

Director, Financial Planning & Analysis (18-month fixed term)

Reports to:

Vice President and Treasurer

Manager Once Removed:

SVP and Chief Financial Officer

Direct Reports:

2x Managers of Financial Planning & Analysis

Job Type:

Full-time with a fixed-term contract

Location

Toronto

The company:

Hudbay (TSX: HBM, NYSE: HBM) is a Canadian integrated mining company with operations, development properties and exploration activities across the Americas principally focused on the discovery, production and marketing of base and precious metals. With 90 years of continuous operation, Hudbay stays strong by building on traditions and knowledge, remaining current through ongoing learning, adapting to new influences and embracing new opportunities. We know that committing to safety, embracing diversity, sharing skills, rewarding performance and encouraging a healthy work-life balance can help our people and our company make giant strides.

Due to an upcoming parental leave, we are currently seeking a Director of Financial Planning and Analysis to fill a fixed term vacancy for 18 months.

This role:

The primary purpose of the role is to lead the FP&A function, including the development and maintenance of a variety of models, analyses, and processes which support consolidated management reporting, financial accounting and strategic decision making withing the Corporation.

Accountabilities

1 - Long Range Planning:

• Design architecture for and oversee the maintenance of the consolidated long range planning model (LRP) for Hudbay which includes, KPI's, variance reports from one update to the next and other metrics in support of the activities of tax, corporate development, accounting, projects / technical services, and treasury
• Document the process for annual LRP updates by the BUs to ensure accountability for model inputs
• Build alternative growth scenarios into the base LRP model so that the effect of alternative investment choices can be analysed

2 - Forecasting/Budgeting (Short Range Planning):

• Design and oversee annual budgeting process for Hudbay and coordinate the business unit teams timing and outputs
• Consolidate financial and operational budgets submissions from the BUs and prepare the consolidated board presentation
• Create and maintain the SRP models which are populated in the budget process
• Prepare monthly consolidated forecasts using the SRP model updates prepared by the sites including detailed variance analysis on revenue, cost and production KPIs
• Revise sales and prices based for each forecast based on inputs from Treasury and Marketing
• Audit and monitor the business unit SRP models and recommend changes as required to support model integrity and accuracy

3 - Accounting and Financial Reporting:

• Entity level monitoring of cash flows, earnings etc. using LRP to investigate variances with figures calculated by accounting to detect errors
• Inventory Modelling - Available for sale and inventory by mine - output to GL entries
• Pre-production calculations for output to GL entries
• Silver Wheaton - various analyses to support accounting treatment of stream as deferred revenue, annual deferred revenue per ounce update, quarterly current vs non-current calculation, monthly production reporting
• AP process - vendor master file
• Long lived asset impairment, and impairment reversal, tests
• Various MD&A analysis

4 - Management and Board Reporting and Analysis:

• Prepare monthly consolidated management report containing, production and cost KPI analysis, liquidity, exploration, project investments updates, G&A cost, sustaining capital cost, safety and consolidated financial results and forecasts,
• Annual Corporate Scorecard preparation for cash flow and NAV metrics
• Oversee and consolidate the Annual Guidance figures and prepare quarterly updates to determine if we remain within guidance ranges
• Risk analysis of Capital projects

5 - Leadership of Financial Modelling within Hudbay:

• Centre of excellence in modelling by constantly looking outside the corporation for modelling best practices and improving our techniques, systems and processes
• Providing ad hoc modelling services to the business units and other areas within the head office
• Push down best practices to the business units through education and constant updating of the models we use to run our businesses

6 - Support the Activities of Marketing, Treasury, Tax and Corporate Development:

• Tax - SRP model output for quarterly tax provision calculations and LRP models for tax planning activities and confirmation of deferred tax balances
• Treasury - SRP output for financial covenant tracking, liquidity monitoring, intercompany cash flow management, and debt & equity financings
• Treasury - LRP analysis for Financing of development projects (Rosemont) and periodic refinancing of corporate debt financing
• Corporate development - LRP model changes as needed for corporate development purposes

Experience and Qualifications:

• Post secondary degree in business or accounting.
• CPA or CFA Designation
• 5-10 years of mining/smelting/extractive industry work experience in accounting, financial planning and analysis.
• A disciplined model designer with many years of practical experience in modelling and report designing.

Knowledge:

• In depth knowledge of IFRS accounting treatments and commercial terms used within extractive, capital intensive industries.
• Knowledge of corporate finance theory
• Strong understanding of with business valuation principles (DCF,NPV, IRR)

Skills & Abilities:

• Advanced Microsoft Excel
• Highly skilled in financial modeling, including financial modeling best practices, using Excel
• Ability to distill large amounts of data into meaningful, insightful, and succinct analysis and recommendations, plus prepare effective data visualization / presentations to executives using PowerPoint or BI tools
• Excellent people skills to be used in building constructive working relationships across the boundaries of the Hudbay organization, characterized by a high level of acceptance, cooperation and mutual respect.
• Demonstrated penchant for challenging the status quo and driving results and process improvements, in particular, proven ability to drive improvements in business unit reporting.
• A logical, analytic thinker who takes a numeric, systems-based approach to problem solving
• Ideally a leader who can envision future direction of functional area and independently drive team and organizational change to achievement.

This posting expires on Friday, 11 November, at 11:30pm EST

Notice to candidates: Please note that some websites make copies of Hudbay job postings on their own website. If you see this job on a website that is not the Hudbay careers page, the best way to get your application to us is by applying directly at https://career4.successfactors.com/sfcareer/jobreqcareer?jobId=4586&company=hudbay . We appreciate the interest of all candidates. Due to the volumes of applications we receive, we are only able to contact candidates that are selected to move forward in the recruitment process. Hudbay is committed to providing an inclusive and accessible candidate experience. If you require accommodation during the recruitment process, please let us know with your application.

Notice to recruiters: Please note that Hudbay Minerals does not accept unsolicited resumes from 3rd party recruitment agencies without a written agreement in place for permanent/contract placements.