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Tiree

Senior Project Cost Specialist

Corporate Finance & FP&AConfirmed live in the last 24 hours
Full-timeOttawa, ON, Canada$95k - $120k /yrIn-person

About the Job

Requirements

  • One relevant professional designation is required, such as CPA, CMA or PMP, or an additional degree or diploma.
  • 10 to 15 years of experience in project cost control, project accounting or financial analysis supporting construction, real estate or large capital projects.
  • Strong accounting fundamentals, with proven experience in reconciliations, budget modelling, forecasting, cash flow management and financial reporting.
  • Advanced proficiency in Microsoft Excel, with the ability to design and maintain complex models and tracking tools.
  • Solid understanding of ERP or accounting systems, purchase requisition, purchase order and goods receipt processes, invoice approval workflows and financial controls.
  • Demonstrated ability to analyze construction contracts, change orders, payment applications and contractor fee positions, and to advise on their commercial implications.
  • Strong judgement and independence in managing competing priorities, escalating appropriately, and making sound decisions on routine and moderately complex matters.
  • Eligibility to obtain security clearance; existing security clearance is an asset.

Responsibilities

  • Establish and oversee the cost control framework for assigned projects, including the cost tracker, commitment management, budget baselines and change control.
  • Reconcile accounting records, purchase orders, contractor reports and third-party cost reports, and resolve material discrepancies.
  • Assess variances, cost classifications, contingency adequacy and emerging funding pressures, and recommend corrective action to the project manager.
  • Lead the preparation of monthly forecasts, cash flow projections and annual expenditure outlooks.
  • Challenge contractor and consultant inputs, test the assumptions behind them and reconcile them against funding requirements.
  • Present forecasts, risks and scenarios to project leadership and stakeholders, with recommendations on how to manage them.
  • Analyze change orders, contract amendments, contractor fee positions, holdbacks and other commercial risks, and advise project managers on their financial and contractual implications.
  • Prepare written recommendations that set out the options, the risks and the preferred course of action, and support negotiations where cost positions are contested.
  • Oversee the monthly financial reporting package, review it for accuracy and completeness, and approve it for submission.
  • Maintain executive financial summaries and dashboards, and explain variances and cost allocations across reporting sources so leaders can make informed decisions.
  • Review purchase requisitions, purchase orders, amendments and approval packages for consistency with the approved budget and contract.
  • Lead the cost breakdowns and funding alignment for complex development and construction contracts.
  • Oversee funding draws, reimbursements, letters of credit and the allocation of costs across funding categories, and ensure documentation is complete before submission.
  • Review invoice approvals, payment exceptions and billing disputes, and resolve escalated issues with Procurement, Finance and contractors.
  • Identify opportunities to improve tracking tools, reporting templates and shared documentation.
  • Provide guidance and review work for junior cost staff, and contribute to the mentorship program.

Desired Qualifications

  • Assets include Power BI experience, government funding or capital accounting experience, and experience mentoring or developing finance and project cost staff.

About the Company

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