Contract Cost Control Analyst

Job Description

Description:
The Contract Cost Control Analyst is responsible for maintaining Project cost information database to track Project Cost Performance against budget, committed, and incurred costs. The position will also be required to forecast baselines and report results to Management. The successful candidate will assume a key role in the implementation of a standard project execution process that is aligned with the Project Delivery Model (PDM) process as well as the Client Operational Integrity Management System (COIMS). This role will be working with both third-party contractors (engineering companies, vendors, contractors) and internal clients and requires strong customer service and communication skills to align with the needs of the individual project engineers and team/site leadership.

Throughout the life cycle of the projects, the Contract Cost Control Analyst liaises with various stakeholders such as: Project Planner, Portfolio Reporting, Project Engineering, Technical Engineering teams, Procurement, Finance, Construction and Commissioning Management Team, external EPC contractors and external construction contractors and therefore required to understand and communicate the full project scope of work. Contract Cost Control Analyst will support implementation of department initiatives intended to strive towards continuous improvement, standardization, improvement of integration across functions, gain efficiency, implement new technology, etc.

Responsibilities:
• Facilitate review meetings with various internal departments and groups for the purposes of gathering and reviewing project cost and progress information.
• Review and update cost reports and spend profiles as required to ensure alignment with budgets and other internal measurements.
• Define and finalize Cost Breakdown Structure (CBS) in alignment with coding standards.
• Define cost control plan, prepare control documents and templates for use across team including development and implementation of training materials for all stakeholders
• Prepare and submit AFE requests for funding approval and complete status checks and follow-ups as required
• Define and ensure appropriate cost control metrics are applied to projects.
• Monitor and control cost to flag issues, report on variance from plan
• Assist Project Engineers in managing key project variables related to cost control, including developing and maintaining cost forecasts for all Project phases
• Maintaining cost control and reporting / presentations and providing monthly updates/interpretations on project funding requirements to facilitate project decisions
• Support a variety of initiatives from the cost control function including, reporting, cost control process alignment, accruals, forecast and preparation and presentation of long-range plan reporting (LRP).
• Support the finance department for month end, forecast, LRP and other functions as requested.
• Offer general support to other departments (Tax, Audit, etc.) and other initiatives as required.
• Support annual budget planning cycle and LRP development
• Support Opportunity Management and overall management of program portfolio

Qualifications:
• Must be legally entitled to work in Canada
• Post-secondary education with a focus in accounting, finance or project management preferred.
• 5 years related experience in cost control or in controlling operating costs
• A minimum of 5 years related experience on projects in the energy industry
• Superior working knowledge of SAP and advanced skills in MS Office Products (Adobe, Excel, PowerPoint, Outlook, Power BI)
• Proficiency with budget forecasting, incurred costs tracking, accruals, commitment and invoicing process for offshore developments
• Proficiency developing and facilitating cost control with various stakeholders including project managers, engineering companies, construction management team, external contractors, and other parties as required.
• Team player with the proven ability to collaborate and communicate across business functions to achieve goals
• Excellent problem solving and facilitation skills with ability to plan, prioritize and deliver quality results.
• Uninhibited by challenge, disagreement, and ambiguity, change
• Inspires a shared vision and fosters innovation and creativity
• Extremely passionate and motivated by cost control management
• Strong multi-tasking skills with the ability to prioritize and organize multiple concurrent assignments.
• A Bachelor's or Master’s Degree in Business Commerce (or equivalent) with a focus in accounting would be considered an asset
• Chartered Professional Accountant (CPA) designation or equivalent would be an asset.
• Professional Engineer or equivalent technologist designation (P. Eng, P.L (Eng)) would be an asset.


Work Schedule / Hours of work: M-F, 40hrs/wk.

Overtime requirements: subject to manager approval and T4 status.

About Petroplan

Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.

Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.

In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What's more, we understand that different things are important to different people in today's world of work - it's about making exactly the right connections for you as an individual.

Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you're looking for from your next role.