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Infrastructure & Capital Projects - Cost Analyst, COM
Cambridge
Job No. 1258
Job Description
- (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
Qualifications
- 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
