Cost Manager

Related Ross; West Palm Beach (FL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health plan

401(k) matching

FSAs and HSA

Life and AD&D insurance

Paid leave & disability programs

PTO and mental health resources

Tuition & certification reimbursement

Internal advancement opportunities

Volunteer days and donation matching

Job summary

Related Ross, a West Palm Beach-based real estate development firm, seeks a cost-focused professional to manage cost reporting and budgeting across development and construction teams. You will collaborate with development, design, construction, accounting and legal to maintain accurate cost data and drive informed decisions.

Responsibilities include weekly/monthly reporting, cost code maintenance, cash flow preparation and procurement coordination to support projects from inception to close-out.

Qualifications

• 3–5 years real estate development or construction management experience.
• Bachelor’s degree in Engineering or Construction Management; master’s in Construction Management preferred.

Responsibilities

• Intermediary between development, construction, accounting and legal to produce cost reporting.
• Ensure compliance with cost processes.
• Prepare weekly and monthly cost reporting for internal and external stakeholders.
• Transform estimates into project cost code structure for tracking.
• Maintain ACR structure with cost transfers, new cost codes, and holds.
• Prepare historical, current, and forecast cost analyses for stakeholders.
• Maintain project budgets including hard/soft costs and contingencies.
• Track change events and report budget exposures.
• Monitor Holds with procurement on current and future use.
• Incorporate risk into cost projections and ensure accurate close-out data.

Skills

Cost reporting

Budgeting

Financial analysis

Stakeholder communication

Procurement coordination

Education

Bachelor’s degree in Engineering or Construction Management

Master’s degree in Construction Management (advantage)

Tools

Cost coding systems

ERP/Accounting software

Job description

Responsibilities

• 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 3-5 years relevant experience in real estate development or construction management
• Bachelor’s degree in Engineering, Construction Management. Various undergraduate fields may be acceptable if accompanied by a master’s level degree in Construction Management.

Benefits

• Personalized Health Care : Multiple medical, dental, and vision plan options; Employee Assistance Program
• Financial Benefits: Competitive salary and incentive packages; matching 401(k); FSAs and HSA; employer-paid life and AD&D insurance; paid leave & disability programs
• Social Wellness: 19+ days of PTO; mental health counseling & resources; fertility, surrogacy, and adoption assistance; volunteer days and donation matching
• Career Development : Learning & training programs; tuition & certification reimbursement; internal advancement opportunities

Overview

Related Ross is transforming urban life in West Palm Beach and Palm Beach County, creating opportunity for all who live and work here. For over two decades, the company has worked to develop dynamic neighborhoods that are innovative, vibrant and inclusive. With completed, in development and planned properties in West Palm Beach and new development activity emerging in Palm Beach County, Related Ross is making long-term investments to transform and support local communities and build growth in the region.

Related Ross is a West Palm Beach-based organization that recently emerged as an independent entity from within Related Companies. Formed in 1972, Related Companies is the most prominent privately-owned real estate firm in the United States with major developments within a premier portfolio valued over $100 billion across Boston, Chicago, San Francisco, LA, Washington DC and London.

Related Ross 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 a strong entrepreneurial spirit. In its relentless commitment to excellence, Related Ross 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 Ross at https://www.relatedross.com/.

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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