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Senior Costs Analyst - Base MetalsLondon, United Kingdom

Posted 25 August 2021

The Opportunity

Please note – Our preference is for the role to be based in London; however, we would consider applicants who would be based in Santiago, Beijing or Shanghai

Our Base Metals Costs Team is looking for a talented, motivated and degree educated Senior Analyst to join them. The Costs team forms part of our wider Base Metals team.

Reporting into the Head of Base Metals Costs & Emissions, the Analyst will be responsible for collecting, analysing, and forecasting production, costs, and emissions for base metal mines, with a key focus on copper mines. Accurate estimates and forecasts of operating costs by mine and project are required to facilitate in-depth analysis of global competitiveness; the cost structure of the base metals industry; the impact of costs on prices; and developments in decarbonisation. The role is customer focussed and requires the person to promote CRU’s analysis externally, so candidates need to have the confidence and ability to build networks externally.

We are looking for an Analyst that has a good understanding of the metals industry, with the ability to quickly grasp the key technical aspects of base metal mining and processing. Having a strong quantitative background and being a creative thinker, based on a robust approach to data management and modelling, will be highly beneficial in this role. The Analyst will need to have the ability to construct a compelling narrative, and have the confidence to express and defend one’s position clearly within the market.

Candidates should be degree educated (Undergraduate and Masters) – The undergraduate degree (first or 2:1), should be from a top British university, or equivalent level qualification from a leading university outside of the UK. Ideal disciplines are Economics, Mining, Geology, Engineering, Mathematics and Sciences. As a global Company we work across multiple time zones, so a degree of flexibility will be needed. The role will also require a level of international and local travel (pandemic travel restrictions dependant), so candidates will need to be comfortable with this

Responsibilities will include:

Knowledge, Data Analysis and Modelling

  • Collect production, cost and emissions data for mines and projects with a primary focus on copper coverage but also potentially including some lead/zinc, nickel, and gold costs coverage
  • Collect and maintain information on development and sustaining capex for operating mines and projects
  • Collect and maintain information on mine and project ownership
  • Conduct bottom-up analysis of the cost structure of the base metal mines included in our database, and perform top-down reconciliation of costs from information found in company financial and sustainability reports
  • Produce analysis on developments in short and long run marginal costs; operational competitiveness; project evaluation; the cost structure of the industry; asset valuation; and how costs influence metal prices at different stages in the economic cycle
  • Produce analysis on CO2 emissions from base metal mines; trends in decarbonisation; and how ESG compliance will affect the base metals industry

Report Writing and Presentations

  • Write high quality reports on mine costs that are clear and engaging and in keeping with CRU’s standards and formats
  • Prepare timely Special Features and Insights covering mine cost themes; corporate developments; site visit information; and emissions topics
  • Prepare presentations for seminars, webinars, conferences, and customer meetings

Customer Contact and Commercial Requirements

  • Respond to client and internal requests for data and opinions on copper and base metal costs and emissions
  • Develop relationships and maintain regular contact with copper producers and other important industry players
  • Lead and participate in customer meetings; conduct cost demos; and give customer presentations
  • Work closely with CRU’s Sales and Marketing teams, to support renewals and the generation of new business

Training and Collaboration

  • Work with the Head of Base Metals Costs & Emissions with training and mentoring junior members of the team
  • Collaborate with team members and other CRU analysts and consultants for learning and sharing best practice

About you - What skills and experience are we looking for?

  • Analytical skills: The ability to critically analyse gathered “soft” and “hard” data.  A person that can quickly identify key trends and drivers to generate perceptive conclusions and unique insight
  • Performance driven: The ability to demonstrate, on a consistent basis, that you can meet team objectives, targets, and deadlines
  • Commercial awareness: Conscious of the commercial aspects of the role and always seeking ways to maximise revenue/profit whilst generating the best value for clients
  • Team working: Someone who can take the initiative but also perform successfully as part of a group
  • Credibility: Confidence in communicating with market participants by telephone and email, and presenting at client meetings. Someone who will quickly gain the respect and trust of the clients
  • Communication skills: Complete fluency (written and spoken) in English
  • Numeracy: Familiarity with handling large data sets and understanding mathematical concepts and processes. Someone who can interpret, manipulate, and manage data
  • IT Skills: Excellent Microsoft Excel spreadsheet and data management skills as well as proficiency in Microsoft Word and PowerPoint
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