Project Cost Accountant

Northern Employment Solutions Inc; Timmins; On-site; CAD 60,000 - 85,000; Full time

Job summary

Northern Employment Solutions Inc. is seeking a Project Cost Accountant to manage monthly budgeting, cost forecasting, and variance analysis for multiple projects in Timmins, ON.

You will collaborate with the project control team to ensure forecasts are followed and costs are tracked accurately. The role requires a degree in finance/engineering, 1–3 years in a similar role, and strong Excel skills (Pivot Tables, V-Lookups).

Qualifications

• Degree in administration, finance, or engineering.
• CPA designation is an asset.
• 1–3 years in a similar cost accounting/financial analysis role.
• Proficient in Microsoft Excel (Pivot Tables, V-LOOKUPs) and data analysis.

Responsibilities

• Update and analyze monthly budgets for multiple projects using SAP/JDE data.
• Track actuals and accruals against forecasted budgets.
• Analyze variances between actuals and budget to explain drivers.
• Forecast costs per project and update ETC with the team.
• Prepare presentations for management on cost status each month.
• Support documentation for project overruns and contingency usage.
• Monitor project scope changes and adjust budgets accordingly.

Skills

Excel proficiency

Communication

Problem solving

Teamwork

Education

Finance/Accounting/Engineering degree

CPA designation (asset)

Tools

SAP

JDE (Oracle)

Job description

The Project Cost Accountant works in close collaboration with all members of the team to keep the budget information as accurate and updated as possible. The individual will closely work with the project control team to make sure forecast are followed properly and will treat costs as their own. Being accountable for adhering to budgeting process, analyzing and tracking variances, working with actuals, accruals and forecasting.

Presentations will need to be prepared monthly to inform the upper management of the current cost situation. To prepare for these presentations, the Project Cost Accountant will meet with the responsible of every department to get their input and cues on any potential unbudgeted cost. The individual could be asked to visit the different work sites to get a better understanding of the project and its progress.

The candidate shall be organized and proactive, attentive to details and be able to establish good communication with all the team members.

Responsibilities:

• Update & analyze monthly Budget by extracting data from SAP / JDE
• Track actuals and accruals to forecasted budgets
• Analyze the variances of actuals to budget
• Work on forecasting costs per projects
• Organize work session to update Estimate to Complete (ETC) with the team members
• Analyze and correct financial estimates
• Prepare Powerpoint presentations for Management
• Understand & prepare documentation for Project overruns
• Track & prepare documentation regarding usage of Contingency
• Track and follow up on CGMs (Project scope changes)
• Codify change orders using the proper budgetary information
• Understand and analyze performance indicators to establish project’s financial health
• Compare monthly actuals with budget and explain variance

Requirements:

• Administration, finance, or engineering degree
• CPA designation is an asset
• 1-3 years in a similar role
• Highly skilled in Microsoft Excel – experience working with Pivot Tables, V-Look Ups, and other key functions
• Experience with SAP / JDE (Oracle program)
• Excellent communication, problem solving and attention to detail skills
• Demonstrated willingness to learn
• Ability to work both independently and in a team environment

This role is a 12 month contract position, on site in Timmins, ON and the shift is Monday to Friday 7am-3:30pm