Manager, Capital Cost Controls

Job title: Manager, Capital Cost Controls

Company: Metrolinx

Job description: 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.

We embody our values in everything that we do. We Serve with Passion, Think Forward, and Play as a Team. If you can relate, we want to hear from you!

Supporting our PRESTO department, the Manger, Project Cost Control leads and ensures the overall cost control, financial integrity and accuracy of financial reporting and forecasting functions for new and existing PRESTO capital projects and initiatives.

What will I be doing?

• Develops and implements project 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 establishes financial and performance metrics, reports on and presents performance measures and financial information to senior management as well as Metrolinx Finance services on all capital projects including issues, discrepancies and potential risks. Develops, streamlines, implements, and maintains data sources, data analytics systems including dashboards for use in analysis, reporting, and forecasting
• Develops and implements risk management strategies and controls to mitigate financial risk and exposure on multi-year multi-million-dollar capital projects
• Manages and leads continuous cost 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 Program Management Office Leads to optimize contingency strategies
• Monitors costs against approved budgets, schedules and contractual deliverables within and across large and mission critical projects. Monitors the statistical and trends analysis of contracts and payout of contracts
• Leads the review and audit of non-contract costs, labour and expense reports, and submission of adjustments to corporate Finance to ensure complete and accurate information
• Provides advice to Project Management Office Leads and embedded cost controllers in all matters related to cost control systems and procedures to achieve on-time and on-budget goals
• Leads the provision of financial analysis, expertise, and advice to senior management and project teams regarding project expenses and fiscal matters throughout the lifecycle of these large multiple concurrent multi-million-dollar technology projects

Qualifications

• Completion of a degree in Business Administration, Engineering or Accounting or a related discipline – or a combination of education, training and experience deemed equivalent.
• Minimum eight (8) years’ progressive experience leading financial accounting and reporting functions in a with a strong focus on managing capital projects and cost control
• A recognized accounting designation (CA/CPA) is considered an asset
• 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
• Knowledge of Human Resources legislation (e.g. Employment Standards Act, Occupational Health & Safety Act, etc.) to manage and direct employees and contractors, including experience in the application of collective agreement provisions
• Quality assurance principles and practices and audit processes to analyze financial data and formulate conclusions and recommendations.
• Influencing skills to convince senior management, colleagues, clients and vendors of the need to adhere to financial/cost control processes
• Analytical and problem-solving skills to conduct complex and comprehensive financial analysis, assessment and evaluation of financial reporting activities and to identify potentially contentious issues that expose the Metrolinx to risk, and recommend appropriate options
• Governance and accountability, quality management systems and risk mitigation strategies to use a risk assessment lens to identify and address risks, issues and accounting implications for the project baseline
• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook) and other financial software tools and applications to document and illustrate financial standing and recommendations
• Interpersonal and oral/written/presentation skills to represent the Finance Division in dealing with all financial payment and invoice inquiries, to resolve problems; to manage relationships with vendors; to identify and make necessary changes to financial controls, policies and procedures.

Accommodation:

Accommodation will be provided throughout the hiring process, as required. Applicants must make their needs known in advance.

Application Process:

All applicants must be legally entitled to work in Canada. Metrolinx will be using email to communicate with you for all job competitions. It is your responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time sensitive correspondence, we recommend that you check your email regularly. If no response is received, we will assume you are no longer interested in pursuing the opportunity. Please be advised that a Criminal Record Check may be required of the successful candidate. Should it be determined that any background information provided be misleading, inaccurate or incorrect, Metrolinx reserves the right to discontinue with the consideration of your application.

We thank all applicants for their interest, however, only those selected for further consideration will be contacted.

AN EQUAL OPPORTUNITY EMPLOYER

Expected salary:

Location: Toronto, ON

Job date: Thu, 08 Apr 2021 07:03:05 GMT