Agency MojPosao.ba – Alma Career BH Ltd. is currently looking for a new team member in the finance department for an international company.

                                Senior Cost Accountant (m/f)
                                          Vareš

MAIN TASKS AND RESPONSIBILITIES:
Role Description
The Senior Cost Accountant is responsible for analyzing, monitoring, and reporting on the costs associated with mining operations, including production, exploration, labor, and equipment. This role ensures accurate cost allocation, supports budgeting and forecasting, and provides detailed cost analysis to improve operational efficiency and profitability. The Senior Cost Accountant also ensures compliance with internal controls, accounting standards, and industry-specific financial practices while supporting strategic decision-making through actionable financial insights.
 

• Analyze production costs, including labor, equipment, fuel, and raw materials, to identify areas for improvement and efficiency gains.
• Develop and track key performance indicators (KPIs) for mining operations, such as unit cost per ton, equipment utilization, and processing efficiency.
• Ensure that costs are properly allocated between capital and operating expenditures, including the proper capitalization of mining-related assets.
• Monitor capital projects and ensure that costs are within the approved budget, providing timely reporting on variances.
• Review and analyze capital expenditure requests, ensuring they align with business priorities and financial plans.
• Perform regular variance analysis to compare actual costs to budgeted and forecasted figures, identifying reasons for variances and making recommendations for corrective actions.
• Provide management with detailed reports on mining cost performance, highlighting key drivers and trends.
• Work closely with the operations and management teams to address cost overruns and identify cost-saving opportunities.
• Monitor and manage inventory levels, ensuring accurate recording of materials and supplies used in mining operations.
• Perform regular inventory reconciliations, ensuring that discrepancies are identified and resolved promptly.
• Assist in the preparation of annual budgets for mining operations, including labor, materials, equipment, and overhead costs.

REQUIRED KNOWLEDGE AND EXPERIENCE:
Essential

• Bachelor’s degree in accounting, Finance, or a related field
• Minimum of 8+ years’ experience in cost controlling, production processes, reporting
• Experience working in capital projects

Desirable

• A professional accounting qualification (e.g., CPA, CMA, or ACCA) is highly preferred.

Technical capabilities

• Understanding of mining operations, including exploration, extraction, processing, and site logistics
• Familiarity with capital vs. operating expenditure (CAPEX vs. OPEX)
• Preparation of cost reports for operations, finance, and executive teams
• Support annual budgeting processes and rolling forecasts
• Collaborate with operations to project cost impacts and resource needs
• Reconciliation of stock (raw materials, consumables, spare parts)
• Advanced Excel (pivot tables, index-match, conditional formatting)
• Participation in audits and cost control reviews
• Clear communication with site managers, procurement, finance, and executive teams
• Ability to translate financial insights into operational recommendations
• English knowledge at C1 level

Desirable Skills

• CPA, ACCA, CMA, or equivalent
• Experience tracking costs for capital projects
• Participation in initiatives to reduce production costs or improve cost recovery
• Leading cost accounting teams or mentoring junior accountants
• Familiarity with mining-specific tools Deswik, Micromine etc.

COMPETENCIES

• Leading Self – Motivated to make a difference and acts with determination; seeks to gain recognition and shares knowledge; demonstrates organizational values in own behavior.
• Managing Work – Ensures the best use of own time and resources; plans activities systematically; meticulous and produces high quality accurate work.
• Taking Actions – Does not wait to be told what to do; uses initiative to make things happen; shows drive and invests personal energy to achieve targets.
• Working in Teams – Works well in a team and encourages team contributions; helps others deal with challenging circumstances and offers appropriate support; stays calm and composed under pressure.
• Identifying issues – Understands the logic in systems and procedures; strives to find solutions to problems; uses appropriate tools, technology and common sense to identify issues; applies practical skills when investigating issues
• Wiling to Learn – Open to personal feedback and to taking up learning opportunities; copes with change and uncertainty; adapts to new challenges.
• Improving Things - Focused on finding new ways of doing things better; questions assumptions and identifies ideas for improvement; comfortable stating own view and opinions.
• Committed to Deliver - Delivers consistently against operational targets and strives to achieve outstanding results; persists through difficulties and keeps to schedule; maintains high levels of productivity and reliable in finishing tasks.
• Dealing with Setbacks - Deals positively with difficulties, disappointments or setbacks; keeps perspective and maintains stable performance in challenging circumstances; remains calm under pressure.
• Minimizing risk and costs - Understands the critical cost and risk drivers of the business and the practical implications for own work; minimizes risks and costs by sticking to process; actively seeks ways to reduce costs and minimize risks.

Application process:
If you are interested in this position and meet the above conditions, please fill out the form on the LINK.