Cost Manager

Responsibilities

We are looking for a Cost Manager to join our team to support data center projects. This position will be fulltime onsite, based in our offices in New York City. This individual will report into the Senior Vice President. The Cost Manager will be responsible for:

• General – act as an intermediary between development, construction, accounting and legal to produce financial/cost reporting
• Ensure compliance to established processes and procedures for all cost processes
• Reporting – responsible for the projects weekly and monthly cost reporting. This includes the monthly cost report for internal reporting to upper management and external reporting to partners, lenders and tenants. Be prepared to discuss all relevant cost information with upper management
• Work with development manager, project management and accounting to transforming the estimates or proformas from native format into the cost code structure to be used on the project
• As the project progresses, maintain the structure of the ACR by ensuring transfers are performed and new cost codes are created to track budget, contracts, allowances, unbought scope and holds
• Prepare cost analysis and reports containing historical, current, and forecasted information for use by project stakeholders
  • Budgets – maintain a deep understanding of the projects hard and soft cost budget. This includes understanding what work remains to be procured and what contingencies or Holds are available for use on remaining scope
  • Contingency – report on committed and projected uses of contingency including uses for procurement and exposures
  • Change Events – be able to manage and report on the projects change events log for hard and soft costs. Ensure all change events are tracked and reported with all relevant information including budget source and exposure amounts
  • Holds – work with the procurement team to understand all Holds created. Track and report on current and anticipated use of Hold dollars
  • Ensure anticipated risk is incorporated into cost analysis and projections
• Estimates – work in detail with development team, design team and construction team to create and review estimates
• Prepare cash flows and update as required
• Procurement – work with the procurement team to very that bid package budgets are accurate
• Assist in contract close out and ensure all cost data is accurately incorporated into close out process

Qualifications

• Minimum of 5 years relevant experience in real estate development or construction management, data centers is preferred
• Bachelor’s degree in Engineering, Construction Management or related field. Master's Degree is a plus
• Advanced proficiency in Microsoft Excel
• Strong analytical, interpersonal and communication skills with the ability to influence and engage stakeholders at all levels
• Ability to handle multiple tasks, and to work independently in an organized manner with strong attention to detail and accuracy

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $140,000 - $164,000

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

Overview

Formed in 1972, Related is one of the most prominent privately-owned real estate firms in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $100 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at

We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

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• Minimum of 5 years relevant experience in real estate development or construction management, data centers is preferred
• Bachelor’s degree in Engineering, Construction Management or related field. Master's Degree is a plus
• Advanced proficiency in Microsoft Excel
• Strong analytical, interpersonal and communication skills with the ability to influence and engage stakeholders at all levels
• Ability to handle multiple tasks, and to work independently in an organized manner with strong attention to detail and accuracy

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $140,000 - $164,000

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

We are looking for a Cost Manager to join our team to support data center projects. This position will be fulltime onsite, based in our offices in New York City. This individual will report into the Senior Vice President. The Cost Manager will be responsible for:

• General – act as an intermediary between development, construction, accounting and legal to produce financial/cost reporting
• Ensure compliance to established processes and procedures for all cost processes
• Reporting – responsible for the projects weekly and monthly cost reporting. This includes the monthly cost report for internal reporting to upper management and external reporting to partners, lenders and tenants. Be prepared to discuss all relevant cost information with upper management
• Work with development manager, project management and accounting to transforming the estimates or proformas from native format into the cost code structure to be used on the project
• As the project progresses, maintain the structure of the ACR by ensuring transfers are performed and new cost codes are created to track budget, contracts, allowances, unbought scope and holds
• Prepare cost analysis and reports containing historical, current, and forecasted information for use by project stakeholders
  • Budgets – maintain a deep understanding of the projects hard and soft cost budget. This includes understanding what work remains to be procured and what contingencies or Holds are available for use on remaining scope
  • Contingency – report on committed and projected uses of contingency including uses for procurement and exposures
  • Change Events – be able to manage and report on the projects change events log for hard and soft costs. Ensure all change events are tracked and reported with all relevant information including budget source and exposure amounts
  • Holds – work with the procurement team to understand all Holds created. Track and report on current and anticipated use of Hold dollars
  • Ensure anticipated risk is incorporated into cost analysis and projections
• Estimates – work in detail with development team, design team and construction team to create and review estimates
• Prepare cash flows and update as required
• Procurement – work with the procurement team to very that bid package budgets are accurate
• Assist in contract close out and ensure all cost data is accurately incorporated into close out process

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