Senior Project Cost Analyst

Posted 9 months ago

Senior Project Cost Analyst

JO 2761

Duration: 3 years

Location: Toronto, Ontario

Project Description

Our client in the public sector in Ontario is concurrently implementing several major capital programs and projects. These programs are multi-phased milestone driven initiatives. These budgets require daily oversight, reconciliation, forecasting and reporting to the executive management team on a monthly basis.

Description of Duties

The Cost Analyst will play a lead role managing the enterprise capital budgets and be responsible for:

  • Providing budget control for multiple capital projects
  • Reconciling monthly charges to the project budgets for staff, contractors, software licenses, hardware, milestone payments, facilities costs and miscellaneous items
  • Providing cost management reports identifying monthly variance by cost elements
  • Adhering to the cost management and reporting corporate standards
  • Identifying and reporting operating budget impacts

Mandatory Skills

  • Minimum 10 years hands-on experience managing budgets exceeding $100M+ for enterprise capital projects
  • Expert knowledge of budget planning, budget management and variance reporting
  • Expertise in managing budgets with multi-year and complex projects
  • Expertise in understanding project phases and costing methodologies for projects greater than 3+ years

Other Skills / Certification

  • Excellent skills in cost management including management, reporting and forecasting
  • Sound knowledge of standard accounting budgeting and cost control principles, methods, practices and performance measures combined with a sound knowledge of financial research methods and techniques.
  • Well versed in the use of Microsoft Excel (including macros) and other computerized applications related to costing, budgeting and associated functions.
  • Possesses good analytical, problem solving, organizational, interpersonal, verbal communication, report writing and presentation skills.


  • Annually creating/updating Capital Budget submission for program, including:
    • Operating Budget Impact
    • Budget Variance
    • Project Expenditure Summary
    • Project Summary
    • Miscellaneous Capital Budget Submission Documentation
  • Yearly calendarization of approved project budget by financial period
  • Year-end preparation of Invoice Accruals
  • By financial period, tracking detailed actual results with comparison to budget and detailed variance explanations
  • Investigation and resolution of incorrect program/project charges
  • By financial period, completing budget/actual requirements for Project Status Report
  • Reviews purchase authorizations and resulting invoices, in consultation with project managers to ensure budget and resulting charges are accurate
  • Review project documentation to ensure accuracy of budget information and approved funds exist eg. Project Change Requests, Project Charters etc.
  • Ad-hoc Financial/Cost Management Reports as required
  • Financial Presentations as required

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