Cost Specialist
Indexed description
Woodfibre Management Ltd. is a privately held Canadian company based in Vancouver and a subsidiary of Pacific Energy Corporation Limited.
Position
We are seeking a detail-oriented and experienced Cost Specialist to join our project controls team. The ideal candidate will have a strong background in reviewing subcontractor costs, with specific expertise in Time & Material (T&M) contract structures. This role involves validating cost submissions, ensuring compliance with contract terms, identifying cost inefficiencies, and supporting commercial negotiations on projects across Canada.
Key Responsibilities:
The successful applicant will:
- Subcontractor Cost Review:
- Review, analyze, and validate subcontractor cost submissions for accuracy and compliance with T&M contract terms
- Ensure claimed labor hours, equipment rates, and material costs are in line with contractual entitlements
- Verify support documentation such as timesheets, invoices, purchase orders, and equipment logs
- Cost Control & Tracking:
- Regular monitoring and tracking of committed and actual costs against budgets
- Prepare cost variance analyses and report on cost trends and deviations
- Work closely with the Project Controls team, Construction Management team and Procurement teams to maintain financial transparency
- Contract Compliance:
- Ensure subcontractor invoices align with contractual requirements including rate schedules, mark-ups, and reimbursable terms
- Support audits and cost reconciliations as needed
- Assist in change order evaluations and negotiation support from a cost perspective
- Reporting & Communication:
- Prepare regular cost reports and summaries for internal and external stakeholders
- Support project controls and finance teams with detailed cost insights
- Communicate findings and recommendations clearly and professionally to project stakeholders
- Collaborate and review with contractors and subcontractors to implement best practice on cost management.
- Bachelor's degree in Construction Management, Engineering, Finance, Quantity Surveying or related field
- Minimum 5 years of experience in cost engineering or quantity surveying with a strong focus on subcontractor cost reviews under T&M contracts
- Solid understanding of Canadian construction cost norms and contract structures
- Familiarity with labor agreements, equipment rate books, and typical T&M claim components
- Proficiency in Microsoft Excel is a must; experience with cost management systems (e.g., SAP, Prism, or similar) is an asset
- Strong analytical, organizational, and communication skills
- Experience working with large multi-disciplinary teams and contractors in a multicultural environment is an asset
- Accepts responsibility and demonstrates a commitment to the delivery of tasks and targets
- Exceptional written and verbal communication skills
- Ability to work well under pressure, handle multiple tasks, and change priorities within tight time frames
- Ability to work collaboratively within a team environment
- Expertise with a variety of computer programs (e.g., Office 365, MS teams, MS Visio, MS Projects, Teams, Adobe Acrobat, DocuSign etc.)
- Motivated and willing to take ownership of tasks
- Energetic in pursuit of continuous improvement processes
- Shares knowledge readily and encourages personal development
- A valid driver's license and passport
- Must be legally entitled to work in Canada
- The position is based in Project Site with a visit to the Vancouver Office as required.
Thank you in advance for your interest!
Benefits
Salary range: CAD 90,000 - 130,000/yr
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