Construction Financial Manager - Jobs in Mississauga

Job Description

Construction Financial ManagerWho We AreAfter four decades of home building excellence, Cachet has earned a reputation as an award-winning developer and builder of master-planned communities across Southern Ontario. From the very beginning, our principles have been guided by a distinctive vision of how new homes should be crafted; a vision that combines innovative architecture, superior craftsmanship, exceptional quality features and finishes, and outstanding customer care. Since 1981, Cachet has developed and built thousands of new homes—and we remain committed to enriching the lives of families by building visionary communities they will be proud to call home.What We OfferCachet is on a mission to be the most innovative community builder in Ontario. Joining our rapidly growing organization will give you the opportunity to work alongside us as we create the next generation of modern, complete communities throughout the Greater Golden Horseshoe.The environment at Cachet is dynamic, engaging, rewarding, and team oriented. We strive to ensure Cachet is a great place to work for all our team members and are committed to building a best-in-class, values-driven organization that positively impacts the lives of our employees, customers, communities, and environment.Your RoleReporting to the Construction Manager, the Construction Financial Manager is responsible for overseeing and managing the financial aspects of the company’s construction projects. Overall, the Construction Financial Manager plays a critical role in ensuring the financial success of construction projects, with a focus on indirect costs.To excel in this role, the ideal candidate is adaptable and highly organized, with strong attention to detail, excellent organizational and communication skills, and a solid understanding of construction processes and methodologies. A background in business management, project management, or a related field is preferred.ResponsibilitiesBudgeting:

• Developing and maintaining construction budgets for the project lifecycle
• Provide the timely visibility of trends
• Establishing original construction budgets and updating them at key milestones
• Accurately providing estimated costs to complete and anticipated budget variances
• Support other departments as required

Forecasting:

• Building, implementing and managing forecasting models to anticipate resource needs and being proactive and efficient with resource management.
• Implement and manage cost accounting methods and activities which provide the timely visibility of trends
• Forecast construction and warranty staff and trade requirements based on the business plan and order book at both a project and global level.

Cost Management:

• Monitoring project budgets to control costs and expenditures within budgeted amounts.
• Identify cost-savings techniques, materials and procedures
• Perform proactive cost comparison and analysis as required
• Assist in building a disciplined awareness of budgets with a constant focus on meeting or exceeding established budgets

Financial Reporting:

• Preparing and presenting structured and ad-hoc financial reports that accurately reflect the project’s financial status.
• Act as lead contact for the corporate finance team
• Generate weekly budgets reports on a project basis, identifying current spending and estimated costs to complete
• Complete detailed quarterly budget updates

Cash flow and Construction Spend Management:

• Monitoring and managing the project #39;s cash flow to ensure it is aligned with the budget and forecast.

Risk management:

• Identifying and mitigating financial risks associated with the project, such as cost overruns or schedule delays.

Procurement and Contract Administration:

• Coordinating the procurement of materials and equipment for the project. Administering RFPs and indirect contracts to ensure projects are completed within budget.

Invoice Approval:

• Create and enforce policy, procedure and governance relating to invoices, purchase orders and change orders approval.
• Maintain an accurate job cost dictionary
• Train construction staff, as required, on appropriate cost coding
• Manage approval work-flows within Newstar to ensure compliance with established policies and procedures
• Review and approve invoices, ensuring appropriate backup, accurate coding, and correct pricing is in place. Secure level-up signature(s) as required

General Administration:

• Oversee the administration of company assets and general expenses of the construction department and employee onboarding requirements.
• Maintain accounts relating to: vehicles, telephones and computers, operating expenses of community offices, employee uniforms, timesheets, payroll and project allocations, new hires and Inter-project transfers

Audit and Compliance: Ensuring the project complies with corporate policy, industry standards and good business practices.What You Bring:

• Post-secondary diploma in finance or business management an asset
• Three (3) to five (5) years of experience with previous duties in a similar role or within the construction industry is ideal and preferred
• Proficiency with MS Office Suite (especially Word, Excel and PowerPoint)
• Strong communication skills, verbal and written
• Self-motivated with the ability to work well in a team and independently
• Exceptional customer service skills
• Experience with NEWSTAR is an asset

Cachet Homes is an equal opportunity employer and does not discriminate based on age, race, religion, gender, origin, disability, or any other status protected under Canadian law or ordinances. Equal access to programs, services, and employment is available to everyone.Qualified applicants will be contacted directly by a member of the Cachet team.