Cost Control Manager

QTS Realty Trust

Chicago (IL)

On-site

USD 114,000 - 174,000

Full time

7 days ago

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Benefits offered by this job

Medical, dental, vision insurance

401(k) retirement plan

Paid holidays

Paid time off

Volunteer days

Tuition assistance

Parental leave

Military leave assistance

Wellness program

Scholarship for dependents

Job summary

QTS Data Centers is seeking an experienced Construction/Project Manager to oversee contract compliance, buyout savings, and change management across multiple projects in Illinois. You will verify pay applications, manage budgets, and coordinate with capital teams to ensure timely, accurate reporting.

The role requires seven plus years in construction or PM, a degree in a related field, and strong leadership with travel up to 75%. Proficiency in Workday/Procore or similar systems is essential.

Qualifications

Bachelor'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 such as Workday, e-Builder, Procore, or Autodesk Construction Cloud.
Ability to lead, mentor others, and travel up to 75% of the time.
Seven+ years of experience in construction or project management.

Responsibilities

Review contract documents to ensure compliance with contract and laws.
Evaluate RTA to subcontractors and provide recommendations for review.
Monitor buyout savings and align schedule of values with contracts.
Verify monthly pay applications and reconcile project budget as needed.
Initiate purchase orders and ensure invoices meet terms.
Gather monthly cash flow projections and reconcile with actuals for stakeholders.
Assess change order events and maintain a log with estimated costs.
Manage change order approvals per the delegation of authority and involve legal as needed.
Assist with monthly loan draw process and collect required documentation.
Lead weekly/biweekly meetings with external PMs, internal teams, and consultants to review status.
Ensure timely reviews and coordinate with third-party cost auditing teams.
Mentor and develop Cost Engineers within the team.

Skills

Leadership

Analytical thinking

Communication

Mentoring

Travel up to 75%

Education

Bachelor's degree in construction management, financing, or accounting

Tools

Workday

e-Builder

Procore

Autodesk Construction Cloud

Job description

ESSENTIAL DUTIES AND RESPONSIBILITIES

Examine 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 QUALIFICATIONS

Bachelor'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 time. Seven or more years of experience in construction or project management.

PREFERRED QUALIFICATIONS

Ten or more years of experience in construction or project management preferred. Prior experience in a leadership or management role a plus.

KNOWLEDGE, SKILLS, AND ABILITIES

Strong collaboration skills, analytical, and attention to detail. Excellent communication and leadership skills.

TOTAL REWARDS

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 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
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 - 173,759.43

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 talentacquisition@qtsdatacenters.com and let us know the nature of your request and your contact information.

It’s exhilarating to find yourself at a pivotal moment in history— and even more so to be leading the way. At QTS Data Centers, we are proud to stand at the forefront of today’s dynamic digital transformation. Our world‑class data centers empower our customers’ most strategic growth initiatives, positioning us as a global leader in digital infrastructure. As AI and cloud technologies fuel the demand for increased speed, capacity, and innovation, QTS has emerged as the global digital infrastructure leader. We are committed to connecting the globe for good. Driven by purpose and a spirit of innovation, we design, build, and operate some of the most advanced data centers worldwide. In addition to our cutting‑edge technology, we are dedicated to sustainability, incorporating renewable energy solutions to minimize our environmental footprint and drive meaningful impact. As a proud portfolio company of Blackstone, QTS is uniquely positioned to achieve ambitious growth and innovation goals. At QTS, we are Powered by People. Our team members are the cornerstone of our culture, innovation, and growth. They are mission‑driven, resourceful, and committed to making a positive impact in the communities where we live and work. Together, we’re achieving remarkable things and shaping the future of digital infrastructure. And we’d like to invite you to join us.

In addition to a variety of benefit packages, QTS goes above and beyond for our employees: