Cost Control Manager

The Cost Control Manager is responsible for managing construction budgets from project inception through completion in accordance with the construction contract documents including validation of potential change orders and associated cost. This position involves leading and collaborating with various stakeholders, including project management teams (internal and external), vendors, cost consultants, and finance and accounting teams. The ideal candidate has strong collaboration skills, advanced knowledge of construction documents, analytical abilities, attention to detail, and proficiency in financial and project management software tools.ESSENTIAL DUTIES AND RESPONSIBILITIESExamine construction contract documents and ensure continuous compliance with the contract and relevant laws.Evaluate contractors' requests to award (RTA) to subcontractors, provide recommendations to the project management team for review, and monitor buyout savings.During the monthly review of the pay application, ensure that contractors' schedule of values aligns with the contract, verify the required monthly documentation, reconcile the project budget as needed, and inform the project management teams.Initiate purchase orders for vendors and ensure invoices comply with the agreed terms.Obtain detailed monthly cash flow projections from the contractor, reconcile projections with actual figures, and provide these projections to the capital and investment teams.Evaluate potential change order events by thoroughly reviewing contract documents and relevant cost information and offer well-informed recommendations to project management teams including substantiating claim positions.Maintain a log of potential change orders and their approximate costs, track approved change orders, manage the internal approval process for change orders according to the delegation of authority, and ensure review by the legal department as necessary.Support the finance team with the monthly loan draw process as required, including acquiring any necessary documentation from the contractor or its subcontractors.Conduct weekly and biweekly meetings with external construction managers, internal project management teams, and consultants to review pay applications, required documentation, and change order status. Ensure that all teams adhere to the specified review timelines.Manage third party change management or cost auditing teams that are assigned to the project.Mentor and support growth of internal Cost Engineers.BASIC QUALIFICATIONSBachelor’s degree in construction management, financing, or accounting; or relevant professional experience.Advanced knowledge in construction contract documents and change management.Proficiency in financial and project management software (e.g., Workday, e-Builder, Procore, Autodesk Construction Cloud).Ability to work within dynamic and diverse team and environment.Ability to lead and mentor others.Ability to travel up to 75% of the timeSeven or more years of experience in construction or project management.PREFERRED QUALIFICATIONSTen or more years of experience in construction or project management preferred.Prior experience in a leadership or management role a plus.KNOWLEDGE, SKILLS, AND ABILITIESStrong collaboration skills, analytical, and attention to detail.Excellent communication and leadership skills.TOTAL REWARDSThis role is also eligible for a competitive benefits package that includes medical, dental, vision, life, and disability insurance; 401(k) retirement plan; flexible spending and HSA accounts; paid holidays; paid time off; paid volunteer days; employee assistance program; tuition assistance; parental leave; military leave assistance; QTS scholarship for dependents; wellness program, and other company benefits. This role is bonus eligible and may be eligible for equity.In accordance with applicable law, the following represents a reasonable estimate of the range of possible compensation for this role if hired in Illinois. Please note that this information is provided for those hired in Illinois only, and this role is open to candidates outside of Illinois with compensation that aligns with your location. The successful candidate’s starting salary will be determined based on permissible, non-discriminatory factors such as skills, experience, and geographic location.The estimated pay range for this role, if based in Illinois, is:$113,622.72 - 173,759.43Please note that this information is provided for those hired in Illinois only, and this role is open to candidates outside of Illinois with compensation that aligns with your location. The successful candidate’s starting salary will be determined based on permissible, non-discriminatory factors such as skills, experience, and geographic location. This role is also eligible for a competitive benefits package that includes: medical, dental, vision, life, and disability insurance; 401(k) retirement plan; flexible spending savings account; paid holidays; paid time off; employee assistance program; and other company benefits.We conform to all the laws, statutes, and regulations concerning equal employment opportunities and affirmative action. We strongly encourage women, minorities, individuals with disabilities and veterans to apply to all of our job openings. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, or national origin, age, disability status, Genetic Information & Testing, Family & Medical Leave, protected veteran status, or any other characteristic protected by law. We prohibit retaliation against individuals who bring forth any complaint, orally or in writing, to the employer or the government, or against any individuals who assist or participate in the investigation of any complaint or discrimination claim.The "Know Your Rights" Poster is included here:Know Your Rights (English)Know Your Rights (Spanish)The pay transparency policy is available here:Pay Transparency Nondiscrimination Poster-Formatted QTS is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to View email address on job-api.jobget.com and let us know the nature of your request and your contact information.SummaryLocation: Chicago, ILType: