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Cost Manager
- Toronto, ON
- Permanent
- Full-time
- Prepare, lead and manage cost planning, control, pricing aspects of a tender and project. Leading on setting up cost control processes and procedures to support tendering and cost control activities. Support the project and bid team on all financial aspects.
- Undertake benchmarking exercise for internal evaluation plus to demonstrate value for money to the client
- Support project management and bid team by developing, controlling, planning and forecasting budgets and manage, consolidate and control cost on system and sub-system level.
- To support the Project Team on costing management and control throughout the project life cycle.
- To support setting up, developing and maintaining Earned Value (EV) Systems aligned with cost control and management systems such as Work Pack Management (WPM).
- Lead cost estimation activities on project and programme level.
- Lead on identifying cost savings and revenue enhancing initiatives.
- Prepare costing during pre-tendering and tendering phases, based on product cost database and return of experience from project execution
- Undertake benchmarking exercises based on REX from comparable projects
- Lead on pricing up variation orders
- Support the Bid manager in the preparation of price submissions for various projects and work packages
- Define the cost structure for the bid according to RFP (terms and conditions, etc), sales requirements, etc
- Define target costs for activities and/or sub systems and work packages in coordination with sub-system managers, identify and propose gaps versus Reference Solution
- Lead cost estimation activities and challenging sessions based on target cost approach with all participating units and métiers
- Support Cost Management, Planning and Control activities on the project/programme
- Lead cost improvement actions to reach tender cost /target price using all competitiveness levers, and challenge the contributors where appropriate
- Work with Finance Department to optimize Financial costs (bonds, financing, hedging, insurance, taxes, etc), and to improve overall competitiveness of the bid
- Consolidate tender costs commitment and selling price as per financial rules and in the consolidation tool (Mercury/2.1/ or Ody.C)
- Control the level of robustness of the costing (consistency between scope of work, costing received and planning), and use the Costing robustness assessment grid
- Support proactively the project teams and tender team/discipline leads during the tender validation process
- Prepare the Costing package for TRM (Tender Review Meeting) (cost analysis/bridges, standard report, cash curve, etc), and support the tender leader on the preparation of the pricing sheet for the customer
- Lead cost estimation activities, in coordination with sub-system manager, for changes discussed with the customer during negotiation phase and update the cost commitments
- Transfer tender costing data (with related assumptions) to Project (TTM / Tender Transfer Meeting) + variance analysis (from TRM/ Tender Review Meeting --
- Prepare, produce, lead and manage the cost estimations for VO (Variation Order) and NAVO (Non-Agreed Variation Order) within the Project team, with the support of the Finance Project Manager for financial offer
- For all the transversal activities at programme/system level:
- Collect and monitor cost reduction initiatives with the support of the related Métier: ideas collection, preliminary studies, action plan follow-up, risk & savings register update
- Coordinate costing analysis during design phase with the support of the related stakeholders, for the activities impacting several Métiers (ex: budget versus savings analysis)
- Build comparisons on different solutions and support Make or Buy evaluations (in coordination with the Finance Project Manager and Project Operation Manager/or Project Industrial Manager)
- Support the Finance Project Manager in the monitoring of forecasted EAC (Estimated At Completion) at project/programme level:
- Ensure that committed and secured savings, including the related action plan, are registered in the FPR (Finance Project Review)
- Support and Lead on Work Pack Management activities, support EVM (Earned Value Management) efforts
- Highlight deviations from budget
- Secure the implementation of the savings action plan
- Provide all costing and pricing deliverables on time
- Accuracy and robustness of costing
- At Tender/Bid stage: reliability of cost commitment between TTM and CPR0, out of change of scope/planning/global environment
- At Project/programme execution stage: securization of committed savings & early warning on PPI evolution
- Engineering degree and/or Business School
- 5 years of experience in Industry
- Experience in Railway industry desirable
- Knowledgeable of Costing, in similar industry
- Ability to recognize product and associated costs, and understand operational flows (engineering, manufacturing, industrial, etc)
- Ability to analyze and challenge contributor's commitments
- Ability to define cost impact of terms & conditions
- Sufficient awareness of financial rules and contractual aspects (bonds & guarantees, …)
- Experience in Value analysis, Product cost and Cost models
- Rigor and good analytical skills
- Fluent in English
- Results and data driven
- Collaborative and team player in a diverse environment
- Proactive and keen to implement processes and continuously improve
- Curiosity for the product and its environment
- Ability to work in network and integrate with bid and project team whilst maintaining independence
- Good communication skills (presentations, synthesis, relationship with contributors ...)
- Comfortable in an international and a multi-cultural environment
- Ability to work under pressure and deliver on-time
- Transparency, autonomy, anticipation, initiative, reactivity