Cost Control Manager

Quality Technology Services, LLC; Chicago (IL); On-site; USD 114,000 - 174,000; Full time

Benefits offered by this job

401(k) matching

Stock purchase plan

Generous PTO

Volunteer days

Job summary

Quality Technology Services, LLC (QTS) is seeking a Cost Control Manager in Chicago, IL to lead construction budgeting from inception through completion, validate change orders, and collaborate with project teams, vendors, and finance. The role demands strong document knowledge, analytical ability, and proficiency with financial and PM software.

The candidate will drive cost oversight across contracts, monitor pay applications, track change orders, and mentor Cost Engineers while coordinating

Qualifications

• Bachelor’s degree or equivalent professional experience in construction management, financing, or accounting.
• Advanced knowledge of construction contract documents and change management.
• Proficiency in financial and project management software (e.g., Workday, e-Builder, Procore, Autodesk Construction Cloud).
• Ability to travel up to 75% of the time
• Seven or more years of experience in construction or project management.

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, and monitor buyout savings.
• During monthly pay applications review, verify schedule of values alignment with the contract and reconcile budgets.
• Initiate purchase orders for vendors and ensure invoices comply with terms.
• Obtain monthly cash flow projections and provide to finance and investment teams.
• Evaluate potential change order events and substantiate claim positions.
• Maintain a log of potential change orders, track approvals, and involve legal as needed.
• Support the finance team with the monthly loan draw process and required documentation.
• Conduct weekly/biweekly meetings with external managers, internal PM teams, and consultants to review pay apps and change orders.
• Manage third party change management or cost auditing teams.
• Mentor and grow internal Cost Engineers.

Skills

Collaboration

Analytical skills

Attention to detail

Leadership

Education

Construction finance degree

Tools

Workday

e-Builder

Procore

Autodesk Construction Cloud

Job description

Chicago, IL

R2026-1794

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 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, 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 - 173,759.43

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. 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) (http://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf)

Know Your Rights (Spanish)

The pay transparency policy is available here:

Pay Transparency Nondiscrimination Poster-Formatted (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)

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 [e-mail] 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:

• Roth and Traditional 401(k) matching contributions with immediate vesting
• Every employee is bonus or commission eligible
• Generous PTO, Paid Volunteer Days Plus Floating Holidays
• Stock Purchase Plan (SPP)
• 11 paid Holidays Annually/Holiday compensation when worked
• Pet and Legal Insurance
• Q-Rest Sabbatical Program
• Q-Anniversary Service Award Program
• Parental Leave for primary and secondary caregivers
• Military Benefits Package
• QTS Charitable Matching Gift Program
• QTS Scholarship for Employee Dependents
• QTS Crisis Fund
• Wellness Program
• Tuition Reimbursement Program