Cost Specialist

Job Description

Job Description

Project

The Woodfibre LNG Project is located approximately 7 km west-southwest of Squamish, British Columbia. It involves the construction and operation of a liquefied natural gas (LNG) export facility on the previous Woodfibre pulp mill site, which would have a storage capacity of 250,000 m3 and would produce approximately 2.1 million tons per year of LNG.

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.

Requirements

Required Experience :

Additional Requirements :