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Infrastructure & Capital Projects – Senior Cost Analyst, COM
Toronto
Job No. 1305
Job Description
- (Internal Title: Senior Cost Analyst)
- Responsible for developing, analyzing, and communicating expenses and cost transactions, data to ensure that transaction are recorded accurately and assigned to the appropriate control account and contracts
- Provides detailed financial analysis and reports of expenses, includes breakdowns of project costs, forecasts of remaining cost, and opportunities to increase efficiency
- Support the development of Integrated Cost Reporting across the Project
- Work across the functions to align the cost breakdown structure to the work and risk break down structures
- Support the preparation for, and execution of QCRA across multiple contracts and the integrated Project position
- Using the cost data and intelligence to engage across the Contracting Authority to underpin Project decision making
- Support the Contract Administration Team in the cost/invoice reconciliation process
- Manage the creation of cashflows and Project Estimate at Completion determinations to support capital spend forecasts
- Provide cost intelligence, including knowledge and data from industry, to support the development of scenarios that can drive down the Indirect Costs that the Project is subject to
- Provide cost impact analysis for all impacting proposed changes and presenting scenarios and options that best protect Contracting Authority’s position
- Establish and provide analysis for Earned Value as required
- Conducts market research as needed to recommend changes to pricing or business models
- Prepares periodic cost reconciliation reports tracking data such as changing labor and supply costs
- Capture lessons learnt from the Project and make these available across the Program
- Oversee cost analysis, controls, and reconciliation for the assigned projects
- Monitor contractual reliabilities and be responsible for the design and maintenance of project control databases, spreadsheets, and other control systems to support these functions
- Review reports and supporting documentation for project approvals and contract awards
- Prepare monthly accruals related to project-related contracts
- Establish and provide analysis for Earned Value as required
- Guide, train, and mentor junior staff in their cost analysis and monitoring tasks
- Lead and implement procedural updates and corporate initiatives related to costing
- Working Conditions
- Office-based
Qualifications
- Experience:
- Minimum of 8 years of related experience
- Significant experience int he delivery of construction projects
- Education:
- Diploma or Bachelor’s degree in Business Administration, Accounting, Economics, or a related discipline
- Licenses OR Certifications:
- Registered for and seeking AACE CCP, CEP, PSP, PRMP, EVP, or PMI equivalent
- Has completed equivalent training or successfully passed designated proficiency testing in lieu of the above
- Skills and Competencies:
- Thorough understanding of cost accounting principles and procedures
- Thorough knowledge of Contract Administration principles, methods, procedures, and practices, as well as project management methods and practices
- In-depth understanding of Business Administration concepts with emphasis on scheduling principles combined with a good knowledge of budget and cost control concepts
- Excellent competency in MRP systems including MAXIMO and EcoSys, WorkDay, is considered an asset
- Demonstrated experience with systems including extensive relational database design concepts and spreadsheets to correlate operational and financial data (Sr Level)
- Tailor technical information for different audiences through presentations, reports, and other means independently
- Must foster relationships with various stakeholders
- Tact to perceive and ameliorate conflict and tension
- Ability to arrange priorities and escalate competing risks to meet deadlines with minimum input from leadership
- Keen eye for detail and adept problem-solving abilities
- Must have demonstrated experience relaying and receiving information (written and verbal)
- Excellent reading and language comprehension
- Excellent organization skills and attention to details
- Ability to detect and capitalize on others' strengths
- Demonstrated capability to lead Cost Analysts, supervise, delegate, and develop capacity
- Expert ability to work collaboratively and independently in a structured, disciplined, technology-driven environment
