Senior Cost Analyst

Internal Title: Senior Cost Analyst

• Responsible for developing, analyzing, and communicating cost data to ensure effective cost management across the organization.
• Collaborate closely with project teams, project managers, and other stakeholders to understand project goals, objectives, and requirements and translate them into detailed cost estimates, budgets, and forecasts.
• Provide guidance and mentorship to junior cost analysts and assist project managers in identifying and tracking project costs, variances, and trends.
• Manage the allocation of project resources, including personnel, materials, and equipment, to ensure that project costs are accurately captured and reported.
• Prepare and present cost reports and updates to project stakeholders and leadership, providing insight and recommendations for cost optimization and control as needed.
• Develop cost management processes, methodologies, and best practices to improve cost performance and efficiency across the organization.
• Manage the creation of cashflows and “Estimated Final Costs” for large capital projects.
• Direct the various phases of the contracts including the development of terms and conditions, negotiations of contracts, and warranty administration.
• Finalize and sign off on progress reports and status of contracts.
• Ensure schedules for acquisition projects are prepared, monitored, and maintained.
• Provide project control support for all aspects of the capital budget preparation.
• 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

• Role requires 2-3 days in the office at Municipality of Clarington, Ontario.

Experience

• Minimum of 8 years of related experience.

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.
• Holding a valid nuclear security clearance is preferred or at least eligible for a nuclear security clearance.

Skills and Competencies

• Strong EcoSys & Excel skills with P6 and Power BI skills being an asset.
• Good attention to detail, analytical skills & communication skills with project performance data, ideally at a program level or at least with multiple projects.
• 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.
• 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.