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Cost Manager

Location
New York City, NY, United States

Posted on
Jan 27, 2020

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ResponsibilitiesnAct as an intermediary between development, construction, accounting, and procurement in order to manage various financial aspects of real estate development projects. nn Ensure compliance to established cost processes and procedures n As the project progresses, maintain the structure of the ACR (Anticipated Cost Report) by ensuring transfers are performed and new cost codes are created to track budget, contracts, allowances, unbought scope, and holds n Lead regularly scheduled meetings with project team to identify cost exposures and provide guidance on possible funding sources based on available allowances, holds, and budgetn Responsible for a projectu2019s weekly and/or monthly financial report summarizing its total anticipated cost and contingency management components n Disseminate and explain cost and financial reports to senior management as well as external reports to partners, lenders, and tenants n Collaborate with the development team to understand, establish, and manage the projectu2019s overall budget. Identify potential financial risks **MEMBERS ONLY**SIGN UP NOW***. to construction, architects & engineers, financing, legal, land, and other hard/soft costs throughout the projectu2019s lifecyclen Prepare cost analysis and reports containing historical, current, and forecasted information for use by project stakeholders Budgets - maintain a deep understanding of the projectu2019s hard and soft cost budgets. This includes understanding what work remains to be procured and what contingencies, unbought scope, or holds are available for use on remaining scope Contingency u2013 report on committed and projected uses of contingency including uses from procurement and exposuresChange Events - be able to manage and report on the projectu2019s change event 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 u2013 work with the procurement team to understand all holds. Track and report on current and anticipated use of hold dollarsEnsure anticipated risk is incorporated into cost analysis and projectionsnnn Estimates -  work in detail with development team, design team, and construction team to create and review estimates n Prepare cash flows and update as requiredn Procurement - work with the procurement team to verify that bid package budgets and awards are accurately incorporated in the projectu2019s reportingn Assist in contract close-out and ensure all cost data is accurately incorporated into close out processn Maintain a constant dialogue with the accounting team to ensure a projectu2019s commitments and associated costs are accurately reflected in the financial systemsn Conduct ad-hoc analyses and perform special projects as necessarynnQualificationsnn Minimum of 5 years of relevant experience in real estate development or construction managementn Bacheloru2019s degree in engineering or construction management. Various undergraduate fields may be acceptable if accompanied by industry experience and/or a masteru2019s degree in construction managementn Superior quantitative and qualitative analytical skillsn Advanced Excel user with the ability to manipulate and analyze large data setsn Able to build and manage strong relationships with numerous departments within an organizationn Knowledge of construction management software and accounting systemsn Take ownership of an assigned project and deliver accurate resultsn Possess a curiosity to learn and adapt to new business needsnnOverviewn**MEMBERS ONLY**SIGN UP NOW***. Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, **MEMBERS ONLY**SIGN UP NOW***. is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, **MEMBERS ONLY**SIGN UP NOW***. has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattanu2019s West Side, The Grand and **MEMBERS ONLY**SIGN UP NOW***. Santa Clara in California and The 78 in Chicago. **MEMBERS ONLY**SIGN UP NOW***. was recently named to Fast Company Magazineu2019s list 50 Most Innovative Companies in the World. For more information about **MEMBERS ONLY**SIGN UP NOW***., please visit ****

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