Senior Project Financial Control Officer Full-time Job
Sep 18th, 2024 at 15:01 Financial Services Toronto 53 views Reference: 9204Job Details
Our Rapid Transit – Finance Office is looking for a Senior Project Financial Control Officer to manage, and coordinate financial and budgetary controls, in addition to reporting and accounting functions for capital projects undertaken by the Operations – Rapid Transit division.
What will I be doing?
- Assists with the 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.
- Coordinates fixed asset and construction in progress reviews with business units and finance teams to determine appropriate accounting for impairments, write-offs, disposals, capitalization, and amortization.
- 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.
- Oversees cash flow analysis to identify trends and issues related to funding requests, provide budget tables for memos.
- Provides Project 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 division’s capital commitments and individual capital projects by reconciling costs accrued, forecasting expenditures, and identifying variances.
- Implemented quality financial reporting, delivers financial analysis and advice to senior management and project teams on project financial health in a multi-billion-dollar project environment.
- Analyzes administrative, capital, and / or project-related processes and procedures, and develops and implements streamlined solutions for identified inefficiencies.
- Identifies existing and potential issues, and initiates corrective action to mitigate project delays or budget impacts; determines what requires escalation and initiates appropriate action accordingly, and to manage the resolution of financial issues on behalf of the Division.
- Implements the development of internal operational and control systems in support of timely and accurate coding, preliminary payments approvals and financial monitoring of capital projects.
- Develops divisional or departmental processes and procedures that are based on, and ensure adherence to, those of the overall corporation.
What Skills and Qualifications Do I Need?
- Completion of a diploma or degree in Business Administration, Accounting or Finance or a related discipline – or a combination of education, training and experience deemed equivalent.
- Demonstrated progressive experience in finance and contract management.
- Interpersonal and oral/written communication skills to work collaboratively with business partners, as well as develop and present commentary, reports, and presentations on financial analysis to senior management to aid decision-making.
- Knowledge and experience in accounting, financial analysis, budgeting, forecasting, and reporting principles and practices in large, complex multi-billion dollar and multi-project construction and infrastructure environments.
- Advanced experience with MS Office (Outlook, Word, Excel, PowerPoint), and related financial management applications/software.
- Chartered Professional Accountant (CPA) or similar Accounting or related designation is an asset.
Company 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.
