Shane Thompson Email & Phone Number

London, England, Gb

London, England, United Kingdom

Panama

Key Responsibilities• Provide financial and analysis support to process plant area of the business.• Monthly reporting, providing impactful commentary and presentations to management that focus on the key production and cost drivers for the area.• Reporting of operational performances to Head office.• Facilitate and manage quarterly forecast updates for the process plant with an annual forecast of $250m.• Coaching of junior members within the Management Accounting… Show more Key Responsibilities• Provide financial and analysis support to process plant area of the business.• Monthly reporting, providing impactful commentary and presentations to management that focus on the key production and cost drivers for the area.• Reporting of operational performances to Head office.• Facilitate and manage quarterly forecast updates for the process plant with an annual forecast of $250m.• Coaching of junior members within the Management Accounting team.Key Achievements• Implemented an online KPI dashboard using Power Bi, holding a weekly review with the GM and site senior managers to review performance and the week ahead projections.• Streamlined month-end reporting, improving turnaround times, accuracy, and analysis of key areas within the Plant.• Revamped departmental monthly reports, creating insightful visuals to drive focus where it matters. Show less

Phalaborwa Area, South Africa

Key Responsibilities• Provide strategic analysis support to project management, including the construction of models to evaluate alternative options of execution.• Maintain the financial evaluation model documenting the impact to the Project’s NPV. • Lead the project’s annual budget process, monthly reforecasting and provide analysis to managements on actual spend.• Consolidate a comprehensive monthly project management report, with commentary on KPI’s, spend, schedule progress,… Show more Key Responsibilities• Provide strategic analysis support to project management, including the construction of models to evaluate alternative options of execution.• Maintain the financial evaluation model documenting the impact to the Project’s NPV. • Lead the project’s annual budget process, monthly reforecasting and provide analysis to managements on actual spend.• Consolidate a comprehensive monthly project management report, with commentary on KPI’s, spend, schedule progress, next month’s activities, key concerns and action plans. • Prepare quarterly Board presentation presented by the Project Director. • Manage the Project’s risk register, reviewing updates with risk owners.• Manage and continuously improve the processing and review of contractor invoices.• Oversee the processing of month end journals by cost controllers.• Liaise with external auditors and insurers and consultants when information is required.Key Achievements• Re-vamped the monthly project report, improving the layout and content reported to senior management as well as the turnaround time to distribute to the stakeholders.• Implemented a headcount resource model to improve forecasting of the Owners Team.• Provided strategic support to re-structure the Owners and EPCM teams saving R36m.• Created a model to evaluate the trade-off between electric and diesel LHD’s (Load Haul Dump), simulating the purchase, life of asset maintenance costs and timing of replacement for a fleet of 17 machines over the life of the mine of 15 years. Show less

Phalaborwa Area, South Africa

The role was within the Project Controls team and was primarily to strengthen the team’s financial controls. Key Responsibilities• Provided ad-hoc analysis support to the Business Analysis Manager.• Scrutinised charge outs from other departments to the project. • Processed month end journals ensuring relevant accruals done.• Identified financial control and invoice processing short-comings and implemented improvements.• Prepared monthly cost reports to budget… Show more The role was within the Project Controls team and was primarily to strengthen the team’s financial controls. Key Responsibilities• Provided ad-hoc analysis support to the Business Analysis Manager.• Scrutinised charge outs from other departments to the project. • Processed month end journals ensuring relevant accruals done.• Identified financial control and invoice processing short-comings and implemented improvements.• Prepared monthly cost reports to budget owners.• Reviewed contractor invoices for both Lift II Project and Magnetite Plant Expansion.Key Achievements• Constructed a model that evaluated options to increase rail capacity, sourcing key data throughout the business. Provided commentary for the report to the board.• Successfully closed out an R350m project, evaluating final EPCM Contractor claims, reducing the claim by R15m.• Identified excessive charge-outs, improved controls and recovered in excess of R10m. Show less

During this period I was a self-employed consultant practicing through my company where I completed several key assignments. Key Assignments• Facilitated a strategic workshop to turn a loss making division around. The focus was on right sizing the business, product pricing, optimised logistic routes and operating costs. The division turned a profit the next fiscal year.• Modelled options to utilise available nearby logistic capacity improve sales volumes. • Determined the… Show more During this period I was a self-employed consultant practicing through my company where I completed several key assignments. Key Assignments• Facilitated a strategic workshop to turn a loss making division around. The focus was on right sizing the business, product pricing, optimised logistic routes and operating costs. The division turned a profit the next fiscal year.• Modelled options to utilise available nearby logistic capacity improve sales volumes. • Determined the breakeven rate a client was to charge for toll treatment when making use of spare milling plant capacity.• Developed appropriate internal charge-out rates for samples processed by a laboratory.• Advised and Implemented financial controls and procedures for SME’s.• Prepared Annual Financial Statements and Management Accounts for clients.• Submitted Income Tax, VAT, PAYE and other statutory returns for clients.• Provided training and backup support to client’s Accounting staff. Show less

Phalaborwa Area, South Africa

Key Responsibilities• Reconstructed and then maintained the company’s evaluation model, providing quarterly updates for the CFO’s presentation to the Board.• Evaluated all business cases to be submitted to the Capital Committee.• Provided financial analysis as a team member during the Order of Magnitude Study to extend the life of the copper mine through a $1bn capital investment (Lift II).• Provided ad-hoc analysis and presentations to the CFO and CEO used at board meetings and… Show more Key Responsibilities• Reconstructed and then maintained the company’s evaluation model, providing quarterly updates for the CFO’s presentation to the Board.• Evaluated all business cases to be submitted to the Capital Committee.• Provided financial analysis as a team member during the Order of Magnitude Study to extend the life of the copper mine through a $1bn capital investment (Lift II).• Provided ad-hoc analysis and presentations to the CFO and CEO used at board meetings and the Rio Tinto Investment Committee.• Assisted Rio Tinto’s divestment team when required during the divestment of the company.Key Achievements• Successfully rebuilt the company’s evaluation model to improve functionality, scenario analysis and transparency of key business value drivers. • Compiled and presented the Lift II Project’s business analysis section to Rio Tinto’s Copper Division in a peer review session before being presented to Rio Tinto’s board. • Standardised the template model to be used across the company to evaluate business cases before submission to the Capital Committee. Show less

Phalaborwa Area, South Africa

•Key Responsibilities• Preparation of the monthly management report, including commentary on KPI’s and analysis of earnings and cost variances to the CFO and MD as submissions to the Financial Controller at head office for consolidation within the Copper Division.• Prepared quarterly production commentary to the Johannesburg Stock Exchange.• Co-ordinated the annual budget and quarterly forecast process, ensuring submission deadlines as per guidelines prescribed by head office were… Show more •Key Responsibilities• Preparation of the monthly management report, including commentary on KPI’s and analysis of earnings and cost variances to the CFO and MD as submissions to the Financial Controller at head office for consolidation within the Copper Division.• Prepared quarterly production commentary to the Johannesburg Stock Exchange.• Co-ordinated the annual budget and quarterly forecast process, ensuring submission deadlines as per guidelines prescribed by head office were met. • Program Administrator for budgeting tool (IDU Concept), including the training of budget holders on the tool.Key Achievements• Reduced the preparation time to compile the management report by automating the update of financial and production results, continuously reviewing content for relevance which freed up time to provide more meaningful analysis and commentary.• Successfully lead the project to upgrade the budgeting software, including the training of users and updating of user manuals. Show less

Phalaborwa Area, South Africa

• Preparation of cost reports for the General manger of Concentrator operations. Cost reports included breakdown of costs by element, supplier and split between fixed and variable. • Implemented a cost variance analysis within the report for managers to identify which costs had changed due to price, production volumes or actual consumption rate usage.• Provide training and support to cost centre owners during budget cycles on budgeting techniques, variance analysis and overall… Show more • Preparation of cost reports for the General manger of Concentrator operations. Cost reports included breakdown of costs by element, supplier and split between fixed and variable. • Implemented a cost variance analysis within the report for managers to identify which costs had changed due to price, production volumes or actual consumption rate usage.• Provide training and support to cost centre owners during budget cycles on budgeting techniques, variance analysis and overall excel assistance where required. Show less

London, United Kingdom

Key Responsibilities• Allocated of payments received to the relevant Tenants account.• Reconciled Tenant accounts and followed up on accounts in arrears.• Undertook data validation and cleansing projects.

London, United Kingdom

Key Responsibilities• Allocated of payments to clients’ accounts.• Posted journals and performance interest and FX conversions.• Reconciled the bank to the General Ledger

Palabora Mining Company

Key Responsibilities• Compiled monthly cost reports, including cost variance analysis. • Month end processing of journals.• Provided support to budget owners, including planning training and analysis support.Key Achievement• Part of a team for implementation of a central budgeting tool, improving duration of the budget cycle and the consolidation of all individual budgets. Main responsibility was the setup of key cost drivers, compilation of the training manual and… Show more Key Responsibilities• Compiled monthly cost reports, including cost variance analysis. • Month end processing of journals.• Provided support to budget owners, including planning training and analysis support.Key Achievement• Part of a team for implementation of a central budgeting tool, improving duration of the budget cycle and the consolidation of all individual budgets. Main responsibility was the setup of key cost drivers, compilation of the training manual and co-ordinate the training of budget holders across the mine site. Show less

Associate Chartered Management Accountant,

Bachelor Of Commerce (Bcom) Honours, Financial Management Services

Bachelor Of Commerce (Bcom), Accounting Sciences

Matric