Date: 1 day ago
City: Cambridge, ON
Contract type: Full time
(Internal Title : Intermediate Cost Analyst)
Develop, implement, and maintain project cost control systems aligned with internal and client requirements
Manage and maintain the Cost Breakdown Structure (CBS) integrated with the Work Breakdown Structure (WBS)
Track and analyze project budgets, commitments, expenditures, and forecasts
Provide accurate and timely cost forecasting including monthly Estimate to Complete (ETC) and Estimate at Completion (EAC)
Highlight deviations, cost trends, and performance variances early to enable proactive decision-making
Support the development and ongoing management of the Project Risk Register in collaboration with the Risk Manager and functional leads
Analyze cost-related risks and quantify their potential financial impact (e.g., probabilistic cost risk analysis)
Perform Monte Carlo simulations and sensitivity analysis according to project guidelines
Support contingency planning by identifying areas of exposure and linking risk drivers to cost impacts
Assist with scenario planning and the development of mitigation strategies
Review and assess cost implications of change orders and design variations
Ensure all changes are properly documented, approved, and incorporated into cost forecasts and reports
Interface with schedulers to align cost and schedule data for integrated project reporting
Support Earned Value Management (EVM) implementation and tracking; analyze key performance indicators such as CPI, SPI, and TCPI
Ensure accurate alignment of progress measurement and cost reporting systems
Generate detailed cost reports, dashboards, and executive summaries for stakeholders
Provide visibility on cost performance by work package, discipline, and contract
Facilitate monthly project reviews and participate in client reporting activities
Validate contractor cost reports, invoices, and payment applications
Track commitments and expenditures to ensure compliance with contractual terms and budgets
Participate in project close-out processes including final cost reconciliations, claims support, and lessons learned documentation
Complete any tasks assigned by manager or higher in an efficient and timely manner
Working Conditions
Hybrid with 3 days in office at Cambridge, Ontario
Experience:
Minimum of 5 years of related work experience
Education:
College Diploma or Bachelor’s degree in Business Administration, Accounting, Economics, or related discipline, or the equivalent
Licenses and Certification:
Holding recognized CCP (Certified Cost Professional) – AACE International, PMP (Project Management Professional) – PMI or other relevant certifications in Project Controls or Cost Management is preferred
Skills and Competencies:
Working knowledge of enterprise cost control or financial management platforms
Familiarity with Primavera P6 and schedule-cost integration best practices
Advanced Excel skills, including pivot tables, dashboards, and complex formulae
Experience with Power BI or similar tools for data visualization and reporting
Extensive experience with the operating and capital program budget process and related approval
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 accounting and scheduling principles combined with a good knowledge of budget and cost control concepts
Expertise in MRP systems including MAXIMO and SAP is considered an asset
Proficient in systems with extensive relational database design concepts and spreadsheets to correlate operational and financial data
Ability to maintain effective working relationships with internal and external contacts
Independently tailor technical information for different audiences through presentations, reports, and other means
Must foster positive relationships with various stakeholders
Tact to perceive and ameliorate conflict and tension
Demonstrated ability to negotiate favorable terms under contracts
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) in a demanding multidisciplinary project environment
Must work collaboratively and independently in a structured, disciplined, technology-driven environment
