Senior Project Financial Control Officer

Metrolinx

14h

About The Position

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. At Metrolinx, equity, diversity and inclusion are essential to living our values of serving with passion, thinking forward and playing as a team. Come join a dynamic team that will deliver an exciting multi-billion-dollar capital program which will transform the regional rail network with electrification, more frequent service, shorter journey times and a modernized system for the Greater Toronto and Hamilton Region. Reporting to the Manager Capital Cost Management, the Senior Project Financial Control Officer will manage and coordinate financial and budgetary controls as well as reporting and accounting functions for capital infrastructure projects.

Requirements

Completion of a diploma or degree in Business Administration, Accounting, Finance or a related discipline – or a combination of education, training and experience deemed equivalent
Demonstrated experience in finance and/or cost management, through all phases of a project’s lifecycle (e.g. Engineering, Procurement, Construction)
Knowledge and experience in accounting, financial analysis, and reporting principles and practices in large, complex multi-billion dollar and multi-project construction and infrastructure environments with transit and transportation preferred.

Nice To Haves

A recognized accounting designation (CPA/CA/CMA/CGA) is an asset.
A recognized designation from PMI or AACE is/are considered an asset.
Experience in using project costing systems (eg Ecosys, Oracle, SAP) considered an asset.

Responsibilities

Delivers financial analysis, expertise, and advice to senior management and project teams regarding project payments and fiscal matters through the delivery phases of large multiple concurrent multi-billion-dollar capital projects.
Identifies, assesses, and recommends solutions for financial issues that impact capital projects and / or contracts.
Provides Project Delivery Teams with financial analysis and associated financial reporting and metrics as required.
Leads the analysis and delivery of financial reporting for the division's capital commitments and individual capital projects by reconciling costs accrued, forecasting expenditures, and identifying variances.
Lead periodic accounting processes to help ensure accuracy and completeness of financial records, including accruals, reconciliations, and variance analysis.
Coordinates fixed asset and construction in progress reviews with business units to determine appropriate accounting for impairments, write-offs, asset retirements, capitalization, and amortization.
Monitors and controls capital and operating expenditures, and management of capital budgets by coordinating program budget information (e.g. variance reports, budget forecasts, activity levels, financial analysis), and preparing capital project budget justifications.
Implements a robust accounting control system to ensure consistency in payments, cost accounting and financial reporting of project activities.
Uses financial and administrative controls and procedures for payments, financial reporting, and systems in support of program objectives, and within accounting standards and best practices, and corporate accounting policies and procedures.
Oversees cash flow analysis to identify trends and issues related to funding requests.
Conducts financial and contract analyses to support and maintain adherence to program strategy and project cost objectives.
Develops reports and presentations utilizing analytical findings that support planning and decision-making and address the needs of Senior Management and The Board and support planning and decision-making.
Guides others in the performance of their day-to-day activities without direct supervisory responsibility.