Vice President, Cost Management

Infrastructure Ontario • Toronto, ON

3d • Hybrid

About The Position

As a senior member of the Technical Services Leadership Team, the Vice President, Cost Management establishes the enterprise direction for Infrastructure Ontario’s Cost Management practice. The role is accountable for the strategic design, coordination, and continuous evolution of cost estimation, budgeting, and cost and change control capabilities that enable disciplined, transparent, and predictable delivery of IO’s capital program. Through collaboration with government partners, consultants, and delivery counterparties, the position strengthens system-wide financial performance, governance, and value for money.

Requirements

• Extensive experience in cost management within large, complex capital or infrastructure environments, combined with strong financial insight and enterprise perspective.
• Significant experience providing cost management advice that informs executive decision-making and public-sector or large-scale governance processes.
• Demonstrated capability coordinating and managing specialized professional teams and building organizational capability through structured practices and learning.
• Advanced knowledge and appreciation of cost estimation methodologies, budgeting, forecasting, cost and change control, and financial performance reporting.
• Strong understanding of government budget cycles, approval processes, and financial governance requirements.
• Experience working in partnership with government bodies, consultants, and delivery organizations within complex contractual environments.
• Ability to communicate complex, confidential, and time-sensitive financial information clearly across diverse audiences.

Responsibilities

• Set and evolve IO’s enterprise-wide Cost Management practice, ensuring alignment with organizational strategy, government capital planning, and leading cost management practices.
• Serve as a principal advisor to senior executives and front-office partners on programmatic cost matters, including budgeting, forecasting, cost and change control, and related governance.
• Coordinate and manage the Cost Management team, including the cost estimation, budgeting, and cost and change control functions.
• Establish and govern integrated cost management processes, standards, and methodologies that support on-time and on-budget delivery across the project lifecycle.
• Define the long-term roadmap for Cost Management capabilities, including the use of enterprise cost data and predictive analytics to strengthen decision support.
• Oversee enterprise cost reporting integrity, ensuring executives and project teams have timely, accurate, and complete cost information.
• Shape contractual cost management frameworks, payment terms and performance expectations with consultants and contractors, reinforcing accountability and compliance with governance requirements.
• Partner with government representatives and internal teams to lead budget development, approvals, benchmarking and forecasting improvements, and financial reporting obligations.
• Coordinate modernization and continuous improvement initiatives related to cost management practices, tools, and governance approaches.

Benefits

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
• A flexible, hybrid work approach that supports balance between professional and personal lives and meaningful in-person collaboration.
• A defined contribution pension plan, with IO contributing 5% of annual salary and matching up to an additional 5% employee contribution, plus Group RRSP and TFSA options.
• A comprehensive health, dental, vision, paramedical, and out-of-country benefits package.
• Pregnancy and parental leave programs with salary top-ups to 95% for eligible employees.
• A $2,500 Healthcare Spending Account and Lifestyle Account supporting wellness and financial planning options.
• Access to professional development, leadership learning, and well-being programs, including coverage for up to two role-related memberships or licenses annually.
• Access to virtual healthcare services.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed