Project Financial Control Officer (3 months contract)
Project Financial Control Officer (3 months contract)
Posted on :
26-05-2025
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1 Vacancy
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Job Description
Description
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 Torontos 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.
The Project Financial Control Officer provides financial planning reporting and budget control support to the Lakeshore delivery team. Develops and coordinates financial contract and administrative functions of engineering projects.
This is a contract position position up to 3 months.
What will I be doing
- Conducts financial and contract analysis to support and maintain adherence to strategy and 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.
- Preparation of capitalization entries and regular monitoring of CIP accounts for projects.
- Identifies assesses and recommends solutions for financial issues that impact capital and operating projects and / or contracts.
- Conducts analyses and develops reports for Senior Management and The Board.
- Provides Corridor Directors and project teams with financial analysis and associated financial reporting and metrics as required. Leads the analysis and delivery of financial reporting for the divisions capital commitments and individual capital projects by reconciling costs accrued forecasting expenditures and identifying variances.
- Delivers financial analysis expertise and advice to senior management and project teams regarding project payments and fiscal matters through the life of large multiple concurrent multi-billion dollar capital projects.
- Provides regular updates to director on budgets and project status identifies areas of potential concern and advises director if contractors are in danger of default or non-compliance.
- 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.
- Assists with the management of capital and operating budgets by coordinating program budget information (e.g. variance reports budget forecasts activity levels financial analysis) and preparing capital project budget justifications.
- Monitors and controls capital and operating expenditures (e.g. budgeting and forecasting).
- Implements a robust accounting control system to ensure consistency in payments cost accounting and financial reporting of project activities.
- Oversees cash flow analysis to identify trends and issues related to funding requests.
- Guides others in the performance of their day-to-day activities without direct supervisory responsibility.
- Liaises with Contract Administration for the development of accurate monthly cost accruals.
- Preparation of budget memo tables reviewing Estimates At Completion to provide budget adherence recommendations.
What Skills and Qualifications Do I Need
- Completion of a degree in Accounting Business Administration Commerce Economics or related discipline or a combination of education training and experience deemed equivalent.
- Demonstrated progressive experience in project management cost control budget control and/or management.
- Experience in a transportation infrastructure or transit environment strongly preferred as this is for the Project Subways team.
- Budget project schedule and forecasts construction contract administration negotiations and developing terms and conditions.
Dont Meet Every Requirement
If youre excited about working with Metrolinx but your past experience doesnt quite align with every qualification of this posting we encourage you to apply. You just might be the right candidate for this or other roles. We are always looking for great talent to join our team.
We invite all interested individuals to apply and encourage applications from members of equity-deserving communities including those who identify as Indigenous Black racialized women people with disabilities and people with diverse gender identities expressions and sexual orientations.
Accommodation:
We value the unique skills and experiences each person brings to Metrolinx and are committed to creating and maintaining an inclusive and accessible environment. We are committed to the requirements of the Accessibility for Ontarians with Disabilities Act so if you require accommodation during the hiring process please let our Recruitment team know by contacting us at: or email .
Application Process:
All applicants must be legally entitled to work in Canada. Metrolinx will be using email to communicate with you for all job competitions. It is your responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time-sensitive correspondence we recommend that you check your email regularly. If no response is received we will assume you are no longer interested in pursuing the opportunity. Please be advised that a Criminal Record Check may be required of the successful candidate.
For Internal applicants with the recent implementation of the Internal Mobility Policy the internal recruitment process has changed for non-union roles. Candidates must be in their current role for 12 months prior to applying for another role and each applicant must be in good standing (not participating in a Performance Improvement Plan). Please review all provisions of the policybefore submitting your application.
Should it be determined that any background information provided is misleading inaccurate or incorrect Metrolinx reserves the right to discontinue with the consideration of your application.
We thank all applicants for their interest however only those selected for further consideration will be contacted.
WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.
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Required Experience:
Unclear Seniority
Employment Type
Full-Time
Key Skills
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