Project Financial Analyst

Job Description

Change the future with us.

We are looking for dedicated and talented people who tackle ever-changing challenges, customer needs, and questions from colleagues with clever concepts and creativity. We embrace change and work with curious minds re-inventing the future of work. Join us and let us focus together on what’s truly important: making lives better with new ideas and the latest technology around the world.

Why you’ll love working for Siemens!

  • Freedom and a healthy work- life balance– Embrace our flexible work environment with flex hours, telecommuting and digital workspaces.
  • Solve the world’s most significant problems – Be part of exciting and innovative projects.
  • Engaging, challenging, and fast evolving, cutting edge technological environment.
  • Opportunities to advance your career and mentorship programs on a local and global scale.
  • Competitive total rewards package.
  • Profit sharing available.
  • Rewarding vacation entitlement with the opportunity to buy and sell your vacation depending on your lifestyle.
  • Contribute to our social responsibility initiatives focused on access to education, access to technology and sustaining communities and make a positive impact on the community.
  • Participate in our celebrations, social events and offsite business events.
  • Opportunities to contribute your innovative ideas and get paid for them!
  • Employee perks and discounts.
  • Diversity and inclusivity focused.

Siemens is proud to be an eight-time award winner of Canada’s Top 100 Employers, Canada’s Greenest Employers 2018, Canada’s Top Employers for Young People 2020 and Greater Toronto's Top Employers 2021.


What will you do?

The Project Analyst will be responsible for providing support to Business and Project quotations team, prepare annual budget and monthly forecasts. This role will also perform financial analysis on Margin, Expenses and Business reason for variance to Budget or Forecast. This role also provides support to the segment managers related to the assigned portfolio. This includes financial/operational support and financial reviews related to the budget and forecast, support during projects due diligence phases as needed.


  • Responsible to closely work with Quotations and Tender team in submitting a proposal and providing input on financial aspects of the project for Senior Management review
  • Strategic planning, project budget reviews and risk analysis with upper management
  • Liase with the CPM and Business to ensure smooth booking and managing of project and perform periodic monitoring and analysis of project revenue, margin and cashflow
  • Collect information to support cost control reports to project managers
  • Understand the project life cycle and implement project controls processes and procedures as required
  • Validate source data and ensure integrity of processes affecting project success such as project coding, budget allocation, A/R & A/P project related activity
  • Prepare timely and accurately, annual budgets/monthly forecasts for the assigned portfolio. This includes detailed analysis of fluctuations and variances as compared to the actual results, forecasts or budgets
  • Perform the various end-of-month exercises; (Expense analysis, account analysis, journal entry, internal financial report by profit center, cost center wise GL analysis )
  • Perform the variance analysis of balance sheet accounts and cashflow analysis
  • Monitor financial/operational metrics to measure the business segments profitability and efficiency. Gross Margin analysis for various product line to improve margin
  • Maintain and update planning models, tools and processes to reflect current and future changes to the business as new information is acquired
  • Report, analyze, monitor and drive actions to manage the Operating Expenses and SG&A for the respective businesses, against the target. Perform monthly analysis for each segment for SGA and Indirect cost of sales.
  • Work cooperatively with Project execution team on project review, analyse the reasons for deviation to forecast and support CPM for month end
  • Conduct due diligence related to all business administration, reporting and accounting topics
  • Interact proactively with respective business units and segments managers, operational/business developers to manage orders from bid phase to execution (e.g., RFP packages)
  • Support in the review and update of procedures and controls as it pertains to the related portfolio and risk/audit requirements
  • Defining workflows, jobs, and reporting relationships to obtain optimum effectiveness.
  • Lead automation and digitalization of manual processes / reports to improve efficiency in tools like Power BI, Qlik, SAC etc.
  • Support execution of various support functions, including compliance, business excellence, procurement, shared services and others in an effort deliver world class business results 
  • Work cooperatively with other Digital Industries businesses and Siemens Canada cross functions; Manage third party relationships as needed
  • Willing to assume and complete ad-hoc / special projects and/or other assignments as delegated by management.

What will you need to succeed?

  • Professional Accounting Designation (CPA)
  • 2-3 years’ experience in planning/cost control or project control on heavy industrial and mining, and/or EPCM projects
  • Experience in financial analysis and budgeting
  • Knowledge of SAP and Excel.
  • Experience in working in a matrix organization
  • Ability to manage relationships at all levels
  • Excellent written and oral presentation skills; Ability to effectively present information to public groups and C-level management
  • Able to integrate and work within a multinational group environment
  • Self-starter/self-motivated position, requiring some domestic and international travel

About us.

We share our ideas and champion the people behind them.

For over 110 years, Siemens Canada has stood for engineering excellence, innovation, quality and reliability. Siemens Canada is a technology leader providing comprehensive solutions for Smart Infrastructure and Digital Industries. We make real what matters by setting the benchmark in the way we electrify, automate and digitalize the world around us. Ingenuity drives us and what we create together in yours. 

Making a difference together we raised $757,000 towards charitable contributions, support over 23 non-profit organizations and planted 1,100 trees in our local communities. Siemens Canada has 2,500 employees from coast-to-coast and 24 office and production facilities across Canada. Join our team of approximately 293,000 talented professionals in more than 190 countries/regions and help us tackle the most exciting challenges to build a successful future together. So, what are you waiting for? Take your next career step with us.

To learn more about Siemens Canada, visit our website at

While we appreciate all applications we receive, we advise that only candidates under consideration will be contacted.

Organization: Digital Industries

Company: Siemens Canada Limited

Experience Level: Mid-level Professional

Job Type: Full-time

Siemens is committed to creating a diverse environment and is proud to be an equal opportunity employer. Upon request, Siemens Canada will provide reasonable accommodation for disabilities to support participation of candidates in all aspects of the recruitment process. All qualified applicants will receive consideration for employment.

By submitting personal information to Siemens Canada Limited or its affiliates, service providers and agents, you consent to our collection, use and disclosure of such information for the purposes described in our Privacy Code available at

Siemens s’engage à créer un environnement diversifié et est fière d’être un employeur souscrivant au principe de l’égalité d’accès à l’emploi. Tous les candidats qualifiés seront pris en considération pour ce poste.

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