Director, Cost Management

IREN•,

10h•Remote

About The Position

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. The Director, Cost Management is a strategic financial and operational leader responsible for safeguarding the financial health and capital efficiency of IREN’s entire data center portfolio. This role owns end-to-end financial governance – from initial project estimation and quantitative risk analysis through to vendor billing control and change order management – across our West Texas and Oklahoma campuses and the wider development pipeline. With 100% renewable energy, we build, own and operate our data centers and take pride in being at the forefront of sustainable solutions for the ever-evolving applications of high-performance compute. We believe that human progress is invaluable, but it should be done in the right way – responsibly, sustainably and having a positive impact on the communities we operate in.

Requirements

Post secondary education in a relevant field such as Construction Management, Quantity Surveying, Finance, Civil Engineering or a related discipline; a Master’s degree and/or CEP, PMP, RMP or AACE CCP/EVP certification is strongly preferred
12+ years of progressive financial and commercial management experience, with a heavy emphasis on mission-critical facilities, hyperscale data centers, or large-scale global capital construction programs
Deep proficiency in cost engineering, quantitative risk analysis methodologies, earned value management (EVM) and capital forecasting
Demonstrated ability to build estimation frameworks from conceptual design through closeout, and to set and defend contingency and reserve positions with quantitative evidence
Extensive experience negotiating complex vendor contracts, managing multi-million-dollar billing pipelines, and arbitrating high-value change orders
Proven track record of building, mentoring and leading distributed, cross-regional teams in high-growth environments
Command of cost management, ERP and project management platforms (for example Procore, Kahua, Oracle Unifier, SAP or similar) and reporting tools such as Power BI
Working knowledge of data center capital cost structure, including shell versus fit-out, long-lead equipment pricing and cost per MW benchmarking
Highly proficient in MS Office specifically; Word, Excel, PowerPoint, Visio, SharePoint, and Outlook
Strong written and oral communication skills and the ability to interact effectively with executive leadership, service providers and potentially members of the community
Thorough research and problem-solving skills, with the commercial judgement to hold a position under pressure from contractors and internal stakeholders
Superior time management and multitasking skills with a strong sense of urgency
Passionate and confident individual with demonstrated organization, prioritization and critical thinking skills
Experience with problem solving in complex projects that have a company-wide impact
Willingness to be based within commutable distance of our West Texas or Oklahoma operations and to travel across the portfolio as required

Nice To Haves

a Master’s degree and/or CEP, PMP, RMP or AACE CCP/EVP certification is strongly preferred

Responsibilities

Manage and track comprehensive project budgets and integrated project costs across all data center initiatives, ensuring precise financial forecasting and variance reporting.
Stand up robust, standardized project estimation frameworks for greenfield and brownfield builds, providing accurate baseline costs from early conceptual design through to final closeout.
Perform sophisticated quantitative cost risk analyses, including Monte Carlo simulation and contingency modeling, to establish realistic project reserves and buffer against market volatility.
Oversee all vendor and contractor billing cycles, ensuring strict alignment against approved contract values, milestone progress and budget thresholds.
Establish and lead a rigorous review, tracking and approval process for all project change orders to mitigate scope creep and control cost escalation.
Define and institutionalize enterprise-wide cost management standards, governance frameworks and best practices to ensure audit readiness and regulatory compliance.
Hire, mentor and scale a high-performing cost management team distributed across multiple regions, establishing a unified culture of financial accountability.
Partner with Finance and FP&A on capex phasing, cash flow forecasting and earned value reporting, and present cost health, contingency drawdown and capital efficiency metrics to executive leadership and the Board.
Support Procurement and Supply Chain on contracting strategy, pricing and commercial terms for long-lead equipment such as transformers, switchgear, generators and cooling plant.
Build and maintain unit-cost benchmarks across the portfolio, including cost per MW and cost per kW of critical load, and use them to drive value engineering and challenge estimates.
Own the cost management toolset and its integration with ERP and project management platforms, ensuring a single, auditable source of truth for project cost.

Benefits

Base salary
Annual performance incentives
Equity programs
Medical, dental, and vision insurance coverage – 100% company paid for employees, 75% company paid coverage for dependents
Company-paid life and disability insurance
Voluntary life, critical illness, and accident coverage available
Health Savings Accounts (HSA) – when combined with the High-Deductible Health Plan
Employee Assistance Program and wellness resources
401(k) retirement plan with company match
Financial wellness tools and resources
Paid Time Off (PTO) and paid holidays
Flexible work arrangements
Opportunities for advancement and internal mobility
Training and personal development opportunities
Company events and team-building activities
Relocation Package