David Hofeling

David Hofeling Email and Phone Number

CFO
David Hofeling's Location
Herriman, Utah, United States, United States
David Hofeling's Contact Details

David Hofeling work email

David Hofeling personal email

n/a
About David Hofeling

I am an experienced finance professional with a diverse background in mining. My experience spans the business cycle from early stage exploration projects to mine development into operations and finally, mine closure. These skills are transferable to any industry. I have extensive experience in system implementations, cost accounting, budgeting, forecasting, project evaluation and financial analysis. I worked for Rio Tinto for 15 years in numerous capacities and Placer Dome prior to that. My greatest strength is strategic thinking and problem solving leading to increased shareholder value.

David Hofeling's Current Company Details

CFO
David Hofeling Work Experience Details
  • Rio Tinto
    Finance Manger, Copper & Coal Projects
    Rio Tinto Sep 2015 - Apr 2016
    Greater Salt Lake City Area
    Prepared and developed all financial reports and policies for global copper and coal projects. Coordinated and consolidated annual budgets and quarterly forecast including staffing plans. * Reduced month-end close duration by 50%.* Established Joint Venture billing process for project staff for efficient recovery of costs.* Developed collaborative working relationship with internal and external stakeholders improving decision making. * Developed support cost allocation methodology for global projects division increasing project costing accuracy.* Identified and implemented changes in accounting policy as projects progress.
  • Rio Tinto
    Sr. Finance Manager, Kitimat Modernization Project
    Rio Tinto Apr 2013 - Sep 2015
    Kitimat, B.C., Canada
    Senior finance representative for an international US$5 billion aluminum smelter project. Responsible for all financial reporting and cash forecasting. Managed and coordinated internal and external audits. Direct management responsibility of Owner’s costs of $500 million. Managed a team of 6.* Saved $5million in Provincial Sales Tax (PST).* Supported Investment Committee project funding requests of $1.5 billion.* Reduced month-end close time by 2 days or 40%.* Significantly impacted the accuracy of Owner’s Cost final cost estimate.* Met all reporting deadlines despite being highly complex foreign currency reporting.* Developed reporting system for Owners Cost.* Developed fixed asset capitalization procedure to maximize accuracy.* Supervised preparation of fixed asset register for new smelter.* Maintained compliance of corporate governance process for major capital projects* Managed risk identification and reporting ensuring an accurate risk profile.* Identified and implemented changes in accounting treatment (capitalization vs. expense) as projects progress.
  • Rio Tinto
    Director - Finance, Copper Major Projects
    Rio Tinto Nov 2009 - Apr 2013
    Greater Salt Lake City Area
    Responsible for global finance, governance, compliance, tax optimization and risk management at numerous domestic and international copper and nickel projects. Developed project and commodity related strategies, uniform reporting and budgeting with project Managing Directors and local financial staffs. Performed risk management and reporting. Member of Copper Group Audit Committee. Managed remote team of 4 located in the U.S., Indonesia and Peru.Analyzed joint venture agreements and establish efficient & effective consolidation, reporting, accounting systems and processes for multi-billion dollar projects.*Resolution - Underground copper, Arizona U.S.*Eagle - Underground copper/nickel, Michigan, U.S.*La Granja - Open pit copper, Cajamarca, Peru* Sulawesi - Open pit nickel, Sulawesi, Indonesia * Optimized corporate structure to minimize complex taxation issues; $10’s millions in anticipated savings* Recommended strategies for social and land issues to gain acceptance.* Supported Investment Committee project funding requests up to $500 million.* Developed collaborative working relationship with internal and external stakeholders. * Coordinate and draft investor relation updates for the respective projects.* Advise on organizational structure.* Identify and recommend changes in accounting policy as projects progress.
  • Rio Tinto
    Controller Resolution Copper
    Rio Tinto May 2005 - Oct 2009
    Superior, Az
    Perform full cycle accounting functions for the joint venture with BHP Billiton and several 100% owned corporate entities. Responsible for cash calls to the owners and prepared financial reports and presentations to the JV management committee and community stakeholders.* Applied mining sales tax exemption to mine development costs savings to date approximately $25 million.* Established business systems (SAP) and processes for new legal entity on time and on budget.* Implemented shared services per Rio Tinto standard minimizing local staff and reduced costs $200k / year.* Maintained joint venture governance without breach of contract.* Developed property tax modeling to maximize project NPV by more accurate forecast.* Performed business evaluation and modelling leading to better decisions.* Promoted sustainability within the Copper Triangle.
  • Rio Tinto
    Manager Accounting, Shared Services
    Rio Tinto Mar 2003 - Apr 2005
    Greater Salt Lake City Area
    Coordinate and distribute accounting activities for 8 Rio Tinto entities utilizing two different software packages among 5 direct reports.* Rapidly built a team of five in a very dynamic environment whilst increasing customer base * Achieved 100% compliance with timely and accurate financial reporting* Built a culture of continuous improvement and customer satisfaction.* Prepared Joint Venture analysis & reporting including cash calls to partners.
  • Rio Tinto
    Chief Accountant, Kennecott Exploration
    Rio Tinto Dec 2000 - Mar 2003
    Greater Salt Lake City Area
    Responsible for Kennecott Exploration financial reporting for the U.S., Mexico and Canada entities. Multiple joint venture agreements requiring earn-in and cash call reporting.* Forensic accounting - re-created two years of accounting for multiple joint venture exploration projects in order to recover $7 million in costs.* Implemented standard joint venture templates for billing and reporting increasing timeliness and accuracy. * Reduced month-end reporting time by 50%.
  • Cortez Gold Mines - Barrick
    Sr. Accountant
    Cortez Gold Mines - Barrick Jun 1994 - Dec 2000
    Greater Elko Nevada Area
    Responsible for all mine site accounting functions including payroll and accounts payable.* Implemented JD Edwards – Fixed Assets and General Ledger.* Saved 20% on annual property taxes * Production costing* Metal accounting* Cost accounting

David Hofeling Skills

Strategic Financial Planning International Project Management Minerals Risk Financing Coal Gold Mining Sap Financial Analysis Financial Statements Sarbanes Oxley Act Compliance Auditing Change Management Project Management Business Process Improvement New Business Development Contract Management Corporate Finance Financial Reporting Financial Modeling Standards Compliance International Business Development Copper Internal Controls Base Metals Business Strategy Consolidation Financial Planning Fixed Assets International Business Managerial Finance Project Portfolio Management Us Gaap Underground Mining Capital Project Planning Financial Finance Sap Products

David Hofeling Education Details

Frequently Asked Questions about David Hofeling

What is David Hofeling's role at the current company?

David Hofeling's current role is CFO.

What is David Hofeling's email address?

David Hofeling's email address is da****@****nto.com

What schools did David Hofeling attend?

David Hofeling attended University Of Utah - David Eccles School Of Business.

What skills is David Hofeling known for?

David Hofeling has skills like Strategic Financial Planning, International Project Management, Minerals, Risk Financing, Coal, Gold, Mining, Sap, Financial Analysis, Financial Statements, Sarbanes Oxley Act, Compliance.

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