Vice President, Project Controls

Morgan Stanley•Dallas, TX

About The Position

Morgan Stanley is seeking a Vice President, Project Controls to lead Project Controls responsibilities for its Dallas development project. The role provides central oversight of schedule, budget, cost forecasting, risk management, and change control throughout the project lifecycle, helping ensure delivery of a 700,000-square-foot development valued at approximately $1.3 billion within approved financial and timeline constraints. The role is part of the Corporate Services division, which provides collaborative workplace solutions and commercial services and optimizes sourcing and third-party lifecycle value. The position will be based at 1445 Ross Ave, Dallas, TX 75202, at a future date and may begin remotely until the office location becomes available. In-person interviews are required.

Requirements

15 or more years of experience managing end-to-end cost controls as an owner for a corporate real estate capital project portfolio and major capital programs, and driving capital efficiencies in a global organization.
Capability to manage cost controls for major capital programs in a country different from the base working location.
Experience in pre-contract activities, including cost planning, benchmarking, design validation, risk management, and procurement.
Experience in post-contract activities, including change control management, cost reporting, and process audits.
Experience with internal and external process audits and capitalization and financial closure for real estate projects or major capital programs.
Proven knowledge of global construction practices, trends, and cost indices, as well as accounting standards and policies.
Ability to analyze historical cost information and capital plans and prepare MIS reports at global and regional levels.
Proficiency in management reporting, cost estimation, benchmarking, cost data analytics, and process optimization.
Effective communication and problem-solving abilities and strong interpersonal skills.

Responsibilities

Collaborate with global stakeholders to support monthly and quarterly project updates.
Receive and verify Capital Management deliverables, including cost estimates, reports, and change order assessments, and conduct independent cost verification to ensure alignment with project requirements, regional codes, and standards.
Evaluate program requirements and design information throughout the project lifecycle against the approved project budget, develop gap reports, and collaborate with Capital Project Management teams on potential solutions.
Evaluate construction industry trends, technologies, supply chains, and indices such as inflation and commodity prices, and assess their impact on the project.
Prepare and oversee financial forecast reports, including dashboards and program, project, and regional reports.
Partner with Capital Management teams, Financial Controllers Group, and Legal Entity Controllers on capitalization, accounting, and capital planning, and with Accounts Payable on capital project vendor invoice and payment management.
Manage talent development, training, and succession planning within the reporting team.
Promote continuous improvement and identify and develop opportunities to enhance the reporting team's efficiency and effectiveness.
Collaborate with global stakeholders throughout the project lifecycle.
Communicate clearly and effectively, both verbally and in writing, with reporting teams, leadership, Capital Management teams, Finance, and other stakeholders.
Articulate messages clearly to leadership and ensure attention to detail within the team.
Ensure delivery partners meet safety, quality, budget, and schedule requirements.