Senior Cost Controller

Contract /Temp Assignment Role upto 12 months

Metrolinx is connecting communities across the Greater Golden Horseshoe. Metrolinx operates GO Transit and UP Express, as well as the PRESTO fare payment system. We are also building new and improved rapid transit, including GO Expansion, Light Rail Transit routes, and major expansions to Toronto’s subway system, to get people where they need to go, better, faster and easier.

Metrolinx is an agency of the Government of Ontario.
At Metrolinx, equity, diversity and inclusion are essential to living our values of serving with passion, thinking forward and playing as a team.
Our GO Expansion, Preconstruction Office is looking or a Senior Cost Controller for a 12 months contract role to act as the cost expert reporting in all matters related to cost control, forecasting, cost reporting and procedures to achieve on-time and on-budget goals.

Reporting to the Manager, Cost Controls, the Senior Cost Controller will provide the Project Management and Business Unit with viable information for effective management and cost control of the projects and will be accountable for implementing robust processes, checks and balances to determine Actual Cost (AC) and Estimate at Completion (EACs) of projects as informed by the Project Delivery Team, and all associated tasks.

What will I be doing?

Develops and implements internal cost control systems, operational procedures and reporting systems to control the flow of funds for capital projects in accordance with Metrolinx financial policies and procedures

Develops and implements financial risk management strategies and controls to mitigate financial risk and exposure on multi-year multi-billion-dollar capital projects

Leads continuous financial reporting with accurate and timely information of budget, commitments, forecast, trends, variances, progress, performance, risk and opportunity, contingency, and cash flow. Conducts ongoing analysis of project risks during execution, working closely with PDT, Cost Control Manager and PMO Leads to optimize contingency strategies

Establishes financial and performance metrics, reports on and presents performance measures and financial information to management as well as Metrolinx Finance services on all capital projects including issues, discrepancies, and potential risks.

Conduct variance analysis on project components and provide feedback on regular/adhoc basis

Understand different stakeholder (project delivery team) and team member priorities and adapt how we support them accordingly.

Provides finance forecasting and reports (. variance and cost-recovery analysis, reconciliation of accounts), prepares entries, and takes corrective action.

Analyse and recommend through evaluations, presentations, and analysis for business cases the technologies to enhance finance data analytics to meet business objectives and strategies.

Support project team in forecasting Estimate at Completion (EAC) and Forecast to Complete (FTC), build bottom-up forecasting model.

Consolidate and analyze large datasets from multiple sources, create user-friendly templates, build and maintain complex Excel models to support project cost forecasting and reporting.

What Skills and Qualifications Do I Need?

Completion of a degree in Finance, Engineering, Business Administration or a related discipline – or a combination of education, training and experience deemed equivalent.

Minimum eight (8) years' progressive experience in financial accounting, cost control and reporting functions in a construction environment.

Must have advanced proficiency in Microsoft Excel, including Pivot Tables, Power Query, Power Pivot, VLOOKUP/XLOOKUP, INDEX-MATCH, financial modeling, dashboard creation, data analysis, and reporting automation.

Experience in and knowledge of accounting, financial analysis, controllership, risk management and reporting principles and practices in large, complex multi-billion dollar and multi-project construction and infrastructure environments

Quality assurance principles and practices and audit processes to analyze financial data and formulate conclusions and recommendations.

A recognized accounting designation (CA/CPA)…