LKAB Minerals
Management Accountant
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LKAB Minerals
LKAB Minerals was founded in 1989 to develop products and applications outside the steel industry and to maximise the resource efficiency of what is mined. We have deposits, processing facilities, offices in 12 countries and offer over 30 different minerals into hundreds of applications. LKAB Minerals is a wholly owned subsidiary of LKAB.
LKAB Minerals supplies raw and processed industrial minerals to a diverse range of markets worldwide and is a leading supplier of high-quality industrial minerals, offering a diverse range of products and services to industries such as construction, steel manufacturing, and agriculture. LKAB Minerals focuses on delivering innovative solutions that meet the highest environmental and performance standards. As a part of the LKAB Group, the company leverages cutting-edge technology and expertise to provide reliable, value-added products that support the global transition to a better future.
We employ application specialists and bring them together with our mineral and processing experts. Our extensive knowledge of applications has been built over many years of conducting collaborative research and development work with our customers, research institutions, and universities.
At LKAB, we are leading the transformation of our industry toward a sustainable future. Just as we aim to reshape the world, we are committed to developing every individual on our team, both personally and professionally. Are you ready to help shape the future of the mining and mineral industry?
Your Role
LKAB Minerals is seeking a diligent and proactive Management Accountant to ensure the delivery of high-quality financial information and provide the wider organisation with valuable commercial insight on a 12-month Fixed Term Contract.
As a pivotal member of the finance team, you will directly support the Financial Controller in the execution of the central finance function’s responsibilities, which span 10 manufacturing sites across the UK. This is an active, broad-reaching role where you will take ownership of the Capital Expenditure (CAPEX) lifecycle, the maintenance of the Fixed Asset Register, and the integrity of the company’s balance sheet.
Beyond core accounting, you will be instrumental in managing the cash reporting process and assisting the Financial Controller in coordinating both internal and external reporting requirements. You will also play a key role in the forecasting and budgeting cycles, ensuring that LKAB’s financial data serves as a robust foundation for strategic business decisions.
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About The Team
The LKAB Minerals Finance Department is organised into two distinct strategic pillars, both reporting to the Finance Director. This role sits within the Central Finance pillar, as a Management Accountant, you will be at the core of maintaining the efficiency and integrity of our financial reporting framework. Your work is fundamental to the department’s success, directly supporting the management of the balance sheet, the precision of our cash flow reporting, and the timely submission of critical financial forecasts. By joining this pillar, you become part of a high-performing team dedicated to operational excellence and the safeguarding of the company’s financial foundation.
Responsibilities & Key Work Tasks
Investment Management & Capital Expenditure (CAPEX)
- Lead the Investment Approval process, ensuring strict adherence to the company’s Delegation of Authority (DoA).
- Own the CAPEX Tracker, performing detailed reviews of spend against approved budgets and proactively highlighting variances.
- Conduct project closures to ensure accurate capitalisation.
- Update and maintain Insikt (Group Reporting System) to ensure capital projects are accurately reflected in global reporting.
Fixed Asset & Balance Sheet Integrity
- Maintain the Fixed Asset Register (FAR), managing the end-to-end lifecycle, including quarterly FAR reviews across all sites.
- Manage Intangible Assets, ensuring compliant accounting treatment and management.
- Execute monthly balance sheet reconciliations to ensure the highest standards of financial accuracy and control.
Cash Management
- Drive the monthly cash flow forecasting process and provide weekly cash reporting to senior leadership.
- Manage bank reconciliations and act as a formal countersignature for bank payments via SEB and AutoPay systems.
Financial Reporting & Month-End
- Manage month-end execution, including the preparation and posting of journals, accruals, and prepayments.
- Deliver monthly performance analysis and reporting for specific overhead cost centres, providing variance commentary to budget holders.
- Oversee monthly reporting and journals for LKAB Holdings (UK) Ltd.
Taxation, Audit & Compliance
- Prepare and submit quarterly tax returns, specifically relating to VAT and the aggregates Levy.
- Provide critical support for the annual external audit, preparing schedules and resolving queries.
- Perform detailed cost analysis for Corporation Tax and PSA (PAYE) reporting.
- Support the annual budget process, providing technical data and analysis to the Financial Controller.
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Execute ad hoc tasks as required to support departmental operations
Candidate Requirements
Required education, experience and qualifications
- Professional Development: A candidate fully qualified or actively studying for a recognised accountancy qualification (ACA, ACCA, CIMA, or AAT Level 4) with a minimum of 2 years practical experience is preferred.
- Technical Proficiency: Highly numerate with meticulous attention to detail and strong IT literacy, specifically advanced Microsoft Excel skills and experience with integrated ERP/finance processing systems.
Core Competencies
- Organisational Excellence: Proven ability to work to strict deadlines by effectively prioritising a varied workload and planning tasks accordingly.
- Interpersonal Skills: A personable and collaborative team player with the confidence to interface professionally with a wide cross-section of the business, from site-based operational staff to senior leadership.
- Continuous Improvement Mindset: A proactive approach to identifying and suggesting process enhancements to improve the efficiency and accuracy of the finance function.
- Analytical Rigor: The ability to not only process data but to interrogate and interpret financial information to support business decision-making.
- Solution-Focused & Process-Driven: A disciplined professional who looks beyond the numbers to find efficiencies.
- Dynamic Problem Solver: Highly adaptable with the operational agility to handle complex reconciliations and changing site requirements.
- Results-Oriented & Meticulous: An enthusiastic driver of accuracy who thrives on meeting strict month-end and audit deadlines.
What we offer
- Company pension increasing in employer contributions after 5 years service
- Life insurance (Death in Service)
- Employee Assistance Programme for employee, partner and family
- Salary Extras - Store discount scheme
- 5 Days volunteer leave
- Reframe cancer support
- My Menopause centre
- Cycle to Work Scheme
Additional Information
- Start: According to agreement
- Type of Employment: 12 Month Fixed Term Contract
- Scope: Full-time
- Location: Derby
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