PT Bumi Suksesindo (BSI), the Tujuh Bukit Gold Mine, is an open-pit mine in Banyuwangi, East Java, that excavates mineral ore and extracts its gold and silver content using an efficient leaching method.
BSI operates the Tujuh Bukit Gold Mine based on an Operation and Production Mining Business Permit (IUP OP) held since 2012, covering a 4,998-hectare area within a production forest area in Sumberagung Village, Pesanggaran District, Banyuwangi Regency. Only 1,115 hectares of the 4,998 hectares are utilized by BSI for mining operations.
Construction began in 2014, and the Tujuh Bukit Gold Mine started mining its first ore in 2016 and produced its first gold in 2017. It continues to be one of the largest primary gold mines in Indonesia. In 2016, the Tujuh Bukit Gold Mine was designated as a National Vital Object due to the quality of its mineral resources, which are recognized by the state as a strategic asset.
As part of the Merdeka group, which is committed to sustainable mining, BSI protects the environment, minimizing and restoring the environmental impacts of its mining operations. As part of implementing international best‑practice mining standards, BSI conducts progressive reclamation that begins immediately after one section of land is no longer in use, without waiting for the entire land area to be fully mined.
Summary:The Finance & Accounting Operation Manager is responsible for leading and managing all financial and accounting functions at the mining site, ensuring accuracy, integrity, and compliance across all financial processes. The role covers site-level accounting operations, cash and bank management, budgeting, forecasting, cost control, capital management, and statutory reporting, including submissions to government authorities such as FS and RKAB. This position acts as the key liaison between site operations, Head Office, and regulatory institutions to ensure proper governance, financial transparency, and alignment between operational and corporate financial objectives.
Responsibilities:- Lead and manage all site accounting activities, including general ledger, fixed assets, inventory accounting, and accrual processes.
- Ensure accuracy and timeliness of monthly, quarterly, and annual closing and reporting cycles.
- Prepare and review financial statements, cost reports, and flash reports for internal management and Head Office.
- Maintain full compliance with PSAK and company financial policies.
- Oversee and control all financial transactions and balances within site-managed bank accounts, ensuring funds are used strictly in accordance with approved budgets and company authorization matrix.
- Ensure timely fund transfer requests to Head Office and proper utilization of cash allocations for site operations.
- Monitor bank balances, reconcile statements, and maintain liquidity for operational needs.
- Supervise and control petty cash operations, ensuring effective usage, proper documentation, and regular replenishment within approved limits.
- Enforce cash handling controls to minimize the risk of misuse, loss, or fraud.
- Ensure that both bank and cash transactions are properly recorded and reported in accordance with accounting policies and internal audit standards.
- Lead and coordinate the annual budgeting process (OPEX & CAPEX), ensuring alignment with operational and mine plans.
- Prepare rolling forecasts, variance analyses, and cost performance reports for management review.
- Support Life of Mine (LoM) financial model updates and ensure accuracy of key assumptions tied to production and cost parameters.
- Provide financial insights to department heads for effective cost management and decision-making.
- Oversee cost control activities across departments, validating budget utilization and cost allocations.
- Review and evaluate CAPEX proposals for completeness, financial justification, and cost efficiency.
- Conduct post-project evaluations for completed CAPEX to ensure accountability and value realization.
- Enforce consistent application of OPEX and CAPEX classification based on company policy.
- Ensure full compliance with applicable accounting, taxation, and mining regulations.
- Manage and coordinate statutory financial reporting, including FS (Financial Statement), tax returns, royalty reporting, and PNBP (Penerimaan Negara Bukan Pajak) submissions.
- Prepare and coordinate the submission of RKAB (Rencana Kerja dan Anggaran Biaya) and ensure consistency between RKAB, the corporate budget, and the financial forecast.
- Liaise with government institutions such as ESDM, DJP, and auditors to ensure timely and accurate reporting.
- Maintain audit readiness and complete documentation for internal, external, and government audits.
- Strengthen internal controls over financial transactions, banking, and cash operations.
- Identify and implement process improvements to enhance accuracy, efficiency, and compliance.
- Drive digitalization or automation initiatives to streamline reporting and reconciliation.
- Maintain updated SOPs for accounting, cash management, and financial governance.
- Supervise and develop the site finance and accounting team, including cost control and warehouse finance personnel.
- Build a high-performance culture focused on accountability, integrity, and collaboration.
- Provide training and guidance to department heads and finance staff on budget control, compliance, and cost awareness.
- Act as the primary financial liaison between the site and Head Office Finance, Supply Chain, and Operations teams.
- Bachelor's degree in Accounting, Finance, or related discipline (CPA, CA, or equivalent certification preferred).
- Minimum 10 years of experience in accounting/finance, with at least 5 years in a managerial role within the mining or heavy industry sector.
- Proven experience in cash and bank management, including multi-account reconciliation and site-level fund control.
- Strong knowledge of Indonesian mining financial regulations, including FS, RKAB, PNBP, and tax compliance.
- Improvebusiness processes understanding and ensure that visits are taken to various parts of the operation to increase knowledge to assist with reporting, forecasting, and budgeting setup and understanding.
- Continue to review and improve models required during the operational phase of the BSI Stock Model and the Allocation Model.
- Proficiency in Microsoft Excel and experience with ERP software (e.g., SAP or Pronto) is preferred.
- Fluency inEnglish, with excellent written and verbal communication skills.
- Develop the finance team members to provide coverage for all tasks;
- Set objectives and schedule effective rotation of staff. Anticipate work requirements in advance and implement contingencies where necessary.
- Willing to be placed at Banyuwangi with a roster schedule.