Contract Cost Analyst

1 week ago

Vancouver, British Columbia, Canada Transportation Investment Corporation Full time

About us:

Transportation Investment Corporation (TI Corp) is a public crown corporation dedicated to delivering major infrastructure projects in British Columbia on behalf of the Ministry of Transportation and Infrastructure. With approximately $15 billion in major infrastructure developments, we are committed to upholding the highest standards of construction oversight.

Why Join Us:

At TI Corp, you'll be part of a dynamic and innovative team driving transformative infrastructure projects that make a real difference in communities. We pride ourselves on fostering a collaborative and inclusive work culture where your ideas are valued. Enjoy competitive compensation and comprehensive benefits, along with opportunities for professional growth and development. Here, your contributions will not only shape your career but also the future of our infrastructure landscape. Join us and be a part of something impactful

Job Overview:

The Contract Cost Analyst is responsible for evaluating and certifying monthly payment applications from Project Contractors, ensuring accuracy, compliance, and timely processing, with a focus on cash allowances and utilities. This role collaborates closely with field teams, subcontractors, and internal stakeholders to resolve payment discrepancies, optimize financial performance, and implement best practices. Additionally, the analyst compiles cost data for reporting, validates contractor performance metrics, and ensures adherence to commercial and financial processes. With strong analytical, negotiation, and project management skills, the Contract Cost Analyst plays a key role in maintaining financial integrity and efficiency on the project.

Our Corporate Values:

Success is shared.

Relationships matter.

Teamwork builds capacity.

Challenges are embraced.

We do what we say we will do

What we offer:

  • Vacation starts at 5 weeks and you earn 1 day per year to a maximum of 6 weeks; however, if you join us from the BC Public Service your starting point will be commensurate with your earned years of service
  • Learning and Development – TI Corp is dedicated to professionally growing staff and building internal capacity, through mentorship, active succession planning, learning and development financial assistance, and membership dues
  • We offer the same extended health benefits that are offered to included BC Public Servants plus a $1000 Health Spending Account annually
  • We are part of the BC Public Sector Pension Plan – if you join us from other Public Service or Public Sector organizations who are part of this pension plan, your pension will continue seamlessly

Key Accountabilities:

  • Leads evaluation of monthly payment applications from Project Contractors, meets process timelines and performs evaluations to required level of validation, focusing on items associated with cash allowances and utilities. Ensures accuracy in payment certified.
  • Liaises with Field teams, Project Contractor and, Utilities & UDB (underground duct bank) Subcontractors to determine monthly payment applications.
  • Negotiates and resolves payment issues between the Project Contractors and TI Corp and escalates when appropriate.
  • Develops and implements best practices and issue resolution using the experience of other TI Corp projects, external projects, professional experiences and external resources.
  • Compiles and provides cost data from monthly payment valuations to Project Controls, Finance and Contract and Commercial to enable analysis, reporting and change valuation.
  • Expedites monthly commercial deliverables from Project Contractor for the Province to ensure understanding of the Project's financial performance.
  • Conducts monthly reviews of construction progress in the field teams and works with Project Controls to validate monthly performance metrics of contractor.
  • Manages and guides functional reports, and undertakes monthly payment administration.
  • Attends key commercial and construction meetings, both internal and external.
  • Undertakes other Project related commercial and financial tasks as required.
  • Attends and contributes as appropriate to the Commercial Community of Practice.

Qualifications:

  • Bachelor's degree in project or construction management, business administration, accounting or equivalent relevant experience.
  • Three years of progressive experience in commercial processes on major infrastructure projects (preferably transportation projects with a target cost component or managing project for Utilities, underground Ducts, etc.) or 3 to 5 years with reviewing and auditing invoices on major infrastructure projects
  • Self-starter able to develop and implement long term workplan based on broad overarching goal without supervision.
  • Strong relationship, communication, facilitation, presentation, and interpersonal skills.
  • Ability to lead, manage and mentor functional reports.
  • Ability to undertake analytics on construction costs, identify trends and effectively report findings to senior management.
  • Experienced in managing time & materials, Unit price or lump sum projects for utilities.
  • Thorough understanding of commercial, project controls and financial functions on major projects.
  • Knowledge of construction pricing schedules, construction costs and payment terms.
  • Ability to review contract language and commercial conditions with a view to validation of payments.
  • Ability to liaise/co-ordinate internal disciplines (Commercial and Contracts, Project Controls, Finance) and external experts.

Note:

  • You must be legally authorized to work in Canada.
  • Collection Notice: Your personal information is collected from LinkedIn by Transportation Investment Corporation (TI Corp) pursuant to 26(c), 26(e), and 27(1)(a)(i) of the Freedom of Information and Protection of Privacy Act for the purpose of TI Corp recruitment. This includes information you provide through LinkedIn, as well as information about you that is generated by LinkedIn, such as your connections to other TI Corp employees on LinkedIn, how well the skills you have identified on LinkedIn match our job requirements, and what other TI Corp jobs you have applied for on LinkedIn By proceeding, you are authorizing TI Corp to indirectly collect this information. If you have any questions about the collection of your personal information, please contact the Privacy Officer at

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