Project Financial Control Officer

Metrolinx; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Metrolinx is seeking a Project Financial Control Officer to support the Lakeshore delivery team with financial planning, reporting and budget control across major capital projects.

The role requires accounting/finance education and experience in project cost control, budgeting, and forecasting within a transportation or transit context. The position involves coordinating budgets, monitoring accruals, and advising senior management on financial performance.

Qualifications

• Degree in Accounting, Business Administration, Commerce, Economics or related discipline or equivalent experience.
• Experience in managing budgets and project costs.
• Experience in transportation, infrastructure, or transit environments preferred.
• Knowledge of budgeting, forecasting, and cost-control processes.

Responsibilities

• Prepare accrual entries and monitor CIP accounts for projects.
• Identify and address financial issues affecting capital/operating projects and contracts.
• Provide financial analysis and reporting to project teams and management.
• Reconcile costs, forecast expenditures, and identify variances for capital commitments.
• Advise on payments and fiscal matters across multi-billion-dollar projects.
• Maintain budgeting controls, cost accounting and financial reporting practices.

Skills

Project management

Cost control

Budget control

Transportation industry experience

Forecasting

Education

Accounting/Business degree

Job description

Contract /Temporary Assignment with ending date of December 1, 2027

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 Toronto’s 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.

What will I be doing?

• Preparation of accrual 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.

• Provides project teams with financial analysis and associated financial reporting and metrics as required.

• Support 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.

• 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 experience in project management, cost control, budget control, and/or management.

• Experience in transportation, infrastructure, or transit environment is strongly preferred as this is for the Project Subways team.

• Budget, project schedule and forecasts, construction, contract administration, negotiations, and developing terms and conditions.

Don’t Meet Every Requirement?

If you’re excited about working with Metrolinx but your past experience doesn’t 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:

Metrolinx is an equal opportunity employer and committed to a diverse and inclusive workforce. We are also committed to offering reasonable accommodation to job applicants in accordance with applicable legislation. If you require assistance or an accommodation at any point during the hiring process, please contact us at: 416-202-5601 or email [e-mail].

WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.