Project Cost Management Specialist

1 week ago

Vaughan, Ontario, Canada Morson Talent (Canada & USA) Full time
Job Overview
Morson Talent (Canada & USA) is seeking a skilled Project Cost Management Specialist to join our team in North York, ON. As a vital member of our project controls department, you will play a key role in managing and analyzing project costs.

About the Role
We are offering a competitive salary of $95,000 per year, commensurate with experience, plus benefits, including health, dental, and vision insurance, as well as a generous retirement plan.

Key Responsibilities
Your primary responsibilities will include:
  • Cost Baseline Development: Review project cost estimates, scope, and supporting documents; assign project cost codes and map Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS); create and maintain integrated WBS and CBS frameworks for diverse reporting needs.
  • Cost Management: Oversee project commitments and ensure accurate cost allocation; monitor incurred costs, calculate Estimate at Completion (EAC) and Forecast at Completion (FAC), and perform variance analyses; review project changes, assess cost/schedule impacts, and update forecasts accordingly.
  • Reporting & Analytics: Prepare project cost variance reports with detailed narratives; provide insights into cost trends and forecasts, ensuring alignment with benchmarks and performance indicators such as CPI and Earned Value (EV); support the preparation of annual and long-term capital budgets.
  • Collaboration & Oversight: Partner with schedulers to integrate cost and schedule data; ensure accurate forecasting by validating data provided by project teams; contribute to the development of standardized project management systems.

Requirements
To be successful in this role, you will need:
  • A post-secondary diploma or degree in a related field (e.g., Engineering, Engineering Technology) OR an equivalent combination of education, training, and experience.
  • Proficiency in project cost management, forecasting, and change control; strong analytical and organizational abilities; excellent interpersonal, communication, and presentation skills; expertise in relevant software (e.g., Microsoft Office Suite, Primavera P6, Cost Management Applications).
  • Proven experience in project controls, from initiation to closure, ideally in an engineering/construction environment; familiarity with PMO processes and full project lifecycle phases; ability to read and interpret technical and non-technical project documentation.

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