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Project Cost Controller

4 weeks ago

Edmonton, Alberta, Canada Valard Full time

Valard, a leading utility contractor in Canada, is seeking a highly skilled Project Controller to join their team in Edmonton. As a key member of the Finance, Operations, and Executive teams, this individual will play a crucial role in supporting major projects across Valard.

The successful candidate will lead the cost control and operational finance function on designated projects, ensuring accurate and timely project accounting and reporting. With an extensive backlog of high-profile projects, this is a high-visibility position where senior leadership will rely on the individual for expert financial management.

Key Responsibilities:

  • Full Cost Control Lifecycle Management
  • Oversee and identify project variances, reporting to management recommended actions, margin adjustments, change order requests, and claims development
  • Facilitate and drive Cost Review Meetings (Weekly/Monthly/Quarterly)
  • Maintain current and forecasted cash flow data compared to the project bid
  • Maintain change order and claims log, following up regularly on status
  • Prepare a detailed project forecast based on the WBS using a crew-based approach in alignment with an earned value/CPI-based approach
  • Prepare a monthly reporting package detailing key financial KPIs, risks, and opportunities to the current forecast, cash flow projections, etc.
  • Support Project Director/Project Manager in project financial management and divisional reporting
  • Contract Review & Application
  • Margin Generators through problem-solving and cost reduction measures
  • Coordinate and establish Rules of Credit, involvement in customer invoicing per contract requirements, and develop a good working relationship with the customer counterpart to ensure timely payments
  • Manage with treasury if applicable, ensuring all parent guarantees, performance bonds, and L/C's are in place when required and cancelled or reduced as the project progresses and/or finishes
  • Monitor project accounting systems to ensure proper reporting, security, and control
  • Special projects as required

Requirements:

  • Bachelor's Degree in a related discipline (Finance or Accounting)
  • Bachelor's Degree in Engineering or Construction Management may be considered
  • Strong project accounting experience, including percentage of completion accounting
  • Minimum 5 years of direct experience leading project accounting for large complex construction/EPC projects
  • Experience in tracking labor productivity and commodity reporting
  • Proficient in working with subcontractors, which may be intercompany or third-party providers

Leadership Competencies:

  • Achiever: Gets things done by setting clear expectations, promoting high levels of accountability, monitoring performance, and getting directly involved when needed to achieve desired business results
  • Evaluator: Makes timely decisions and applies sound judgment to assess risks, evaluate alternatives, and select the best course of action
  • Relater: Purposefully builds positive working relationships internally at all levels as well as alliances and partnerships externally by fostering trust, collaboration, and teamwork

Benefits: