Cost Manager

Related•West Palm Beach, FL

5d•Onsite

About The Position

Related Ross is seeking a construction Cost Manager in West Palm Beach, Florida. The role serves as a liaison among development, construction, accounting, and legal teams, managing project cost reporting, budgeting, and compliance. The Cost Manager prepares and maintains cost reports, budgets, contingencies, change-event records, and procurement tracking, and provides analysis and forecasts to project stakeholders and upper management. The position supports project cost management from estimate and budget setup through procurement, project execution, and contract closeout. It works with development, design, construction, project management, accounting, and procurement teams to maintain accurate cost structures, evaluate risks and exposures, prepare cash-flow projections, and ensure cost information is incorporated into closeout.

Requirements

Minimum of 3–5 years of relevant experience in real estate development or construction management.
Bachelor’s degree in Engineering or Construction Management; other undergraduate fields may be acceptable when accompanied by a master’s-level degree in Construction Management.

Responsibilities

Act as an intermediary among development, construction, accounting, and legal teams to produce financial and cost reporting.
Ensure compliance with established cost processes and procedures.
Prepare weekly and monthly project cost reporting, including reports for upper management and external partners, lenders, and tenants; discuss relevant cost information with upper management.
Work with development managers, project management, and accounting to convert estimates or pro formas into the project's cost-code structure.
Maintain the ACR structure as projects progress by ensuring transfers are performed and new cost codes are created to track budgets, contracts, allowances, unbought scope, and holds.
Prepare cost analyses and reports containing historical, current, and forecasted information for project stakeholders.
Maintain a detailed understanding of hard- and soft-cost budgets, remaining procurement, and contingencies or holds available for remaining scope.
Report committed and projected contingency uses, including procurement uses and exposures.
Manage and report on hard- and soft-cost change-event logs, ensuring events include relevant information such as budget source and exposure amounts.
Coordinate with procurement to understand holds and track and report current and anticipated uses of hold dollars.
Incorporate anticipated risk into cost analyses and projections.
Work with development, design, and construction teams to create and review estimates.
Prepare cash flows and update them as required.
Work with procurement to verify bid-package budgets are accurate.
Assist in contract closeout and ensure cost data is accurately incorporated into the closeout process.