Project Cost Manager

AlphaX RE Capital; Cupertino (CA); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) retirement plan

Free daily lunches, snacks & coffee

Job summary

AlphaX RE Capital seeks a Project Cost Manager to oversee financial performance of residential construction and development projects, managing budgets, forecasts, and reporting throughout the lifecycle.

The ideal candidate has strong cost control, analytical, and organizational skills, with experience in construction budgeting, forecasting, and ERP systems. This role requires attention to detail and collaboration across cross-functional teams in a fast-paced environment.

Qualifications

• Bachelor's degree in Construction Management, Accounting, Finance, Engineering, Business Administration, or related field.
• 5–8 years of experience in project cost management, construction accounting, project controls, or financial management within the construction or real estate development industry.
• Strong knowledge of construction budgeting, forecasting, job costing, contract administration, and financial reporting.
• Experience analyzing project financial performance and preparing cost reports for multiple concurrent projects.
• Experience using ERP, project management, or construction accounting software.

Responsibilities

• Develop, maintain, and monitor project budgets from preconstruction through project completion, ensuring alignment with approved financial objectives.
• Prepare cost forecasts, cash flow projections, and budget updates based on project progress, scope changes, and construction schedules.
• Monitor project expenditures against approved budgets and identify cost variances or financial risks requiring management attention.
• Support project teams in establishing cost baselines, contingency planning, and budget allocation throughout each phase of development.
• Provide financial recommendations that improve cost efficiency while maintaining project quality and schedule commitments.

Skills

Budgeting

Forecasting

Job costing

Financial reporting

Analytical

Communication

Education

Bachelor's degree in Construction Management, Accounting, Finance, Engineering, Business Administration, or related field

Tools

Procore

BuildPro

Sage

CMiC

Viewpoint

NewStar

Job description

Employment Type: Full-Time

About AlphaX RE Capital

AlphaX RE Capital and its affiliated entities form a women-founded, integrated real estate firm based in the San Francisco Bay Area. Committed to creating innovative and sustainable housing solutions throughout California, our group manages an extensive and growing portfolio of assets and development projects. We are a leader in addressing the housing crisis by developing sustainable and affordable communities.

Taking a comprehensive approach, we oversee the complete real estate lifecycle from end to end. AlphaX emphasizes diversity, equity, and social impact, with initiatives such as the AlphaX Foundation and Small Builders Association empowering future leaders, women, and minorities in real estate. Our headquarters is located in Cupertino, CA, with additional offices in Southern California and Arizona.

About the Role

This position is employed by AL Homes Inc., a brand of AlphaX RE Capital. The Project Cost Manager is responsible for overseeing the financial performance of residential construction and development projects by managing project budgets, cost forecasting, contract values, and financial reporting throughout the project lifecycle. This role works proactively with project teams to monitor project costs, identify financial risks, analyze variances, and implement cost control measures that support the successful delivery of projects on time and within budget. This position plays a key role in ensuring project budgets remain aligned with approved financial plans while maintaining strong cost controls and compliance with company policies.

The ideal candidate is analytical, detail-oriented, and highly organized, with experience in construction cost management, budgeting, and financial analysis. The successful candidate is capable of managing multiple active projects simultaneously while collaborating with cross-functional teams in a fast-paced residential homebuilding environment.

Responsibilities

Project Cost Planning & Budget Management

• Develop, maintain, and monitor project budgets from preconstruction through project completion, ensuring alignment with approved financial objectives.
• Prepare cost forecasts, cash flow projections, and budget updates based on project progress, scope changes, and construction schedules.
• Monitor project expenditures against approved budgets and identify cost variances or financial risks requiring management attention.
• Support project teams in establishing cost baselines, contingency planning, and budget allocation throughout each phase of development.
• Provide financial recommendations that improve cost efficiency while maintaining project quality and schedule commitments.

Cost Analysis & Financial Reporting

• Prepare regular project cost reports, budget variance analyses, and financial performance summaries for management and executive leadership.
• Analyze actual project costs against forecasts and investigate discrepancies to ensure accurate financial reporting.
• Track project commitments, incurred costs, change orders, and pending financial obligations throughout the project lifecycle.
• Maintain project cost dashboards and reporting tools that provide timely financial visibility across multiple projects.
• Support monthly, quarterly, and annual financial reporting related to construction and development activities.

Contract & Change Order Management

• Review construction contracts, subcontract agreements, purchase orders, and consultant agreements to ensure alignment with approved budgets.
• Evaluate change orders and scope modifications, assessing their financial impact before approval.
• Track committed costs and contract balances to ensure expenditures remain within authorized limits.
• Coordinate with Project Managers and Purchasing to resolve contract-related cost discrepancies.
• Maintain accurate documentation of approved contract values, revisions, and project cost commitments.

Project Controls & Cross-Department Coordination

• Partner with Project Managers, Construction Managers, and Purchasing teams to monitor project progress and proactively address cost-related issues.
• Participate in project meetings to review financial performance, construction progress, and upcoming budget requirements.
• Support procurement planning by reviewing pricing, vendor proposals, and project estimates from a cost management perspective.
• Identify opportunities for value engineering, cost savings, and process improvements throughout project execution.
• Ensure project cost information remains accurate and consistent across project management, ERP, and accounting systems.

Compliance & Continuous Improvement

• Ensure project cost management activities comply with company policies, accounting standards, and internal control procedures.
• Support internal and external audits by maintaining complete and organized project financial documentation.
• Develop and improve cost management procedures, reporting processes, and financial controls.
• Stay informed of market pricing trends, construction cost fluctuations, and industry best practices to improve forecasting accuracy.
• Perform additional financial analysis and special projects that support operational and strategic business objectives.

Qualifications

Required

• Bachelor's degree in Construction Management, Accounting, Finance, Engineering, Business Administration, or a related field.
• 5–8 years of experience in project cost management, construction accounting, project controls, or financial management within the construction or real estate development industry.
• Strong knowledge of construction budgeting, forecasting, job costing, contract administration, and financial reporting.
• Experience analyzing project financial performance and preparing cost reports for multiple concurrent projects.
• Experience using ERP, project management, or construction accounting software.
• Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
• Excellent written and verbal communication skills with the ability to present financial information to technical and non-technical stakeholders.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• High level of integrity and ability to handle confidential financial information.

Preferred

• Experience working for a residential homebuilder, general contractor, or real estate development company.
• Knowledge of residential construction estimating, project controls, and cost forecasting methodologies.
• Experience with construction management platforms such as Procore, BuildPro, Sage, CMiC, Viewpoint, NewStar, or similar ERP systems.
• Familiarity with California residential construction practices and project financial management.
• Professional certifications such as Certified Cost Professional (CCP), Project Management Professional (PMP), or similar credentials are a plus.

Why Join AlphaX?

• Shape Our Strategic Growth: AlphaX is in a pivotal phase of expansion. This is a defining opportunity to partner with our leadership to scale the organization, influence our corporate trajectory, and build a lasting industry legacy.
• Accelerated Professional Advancement: Our entrepreneurial, high-performance environment rewards driven professionals with substantial career progression and unparalleled exposure to the complete real estate lifecycle.
• Mission-Driven Execution: Collaborate with a deeply passionate, high-caliber team dedicated to executing complex, innovative strategies that actively solve California’s housing challenges.
• Forward-Thinking Strategy: Operate in a highly dynamic environment. Backed by an expanding portfolio of assets, we move decisively to capitalize on market opportunities and encourage innovative solutions to traditional real estate challenges.

AlphaX RE Capital offers a benefits package and a welcoming office culture designed to support our team. Employees are provided with medical, dental, and vision coverage, along with access to a 401(k) retirement savings plan. Additionally, we offer great in-office perks, including complimentary daily lunches, snacks, and coffee, as well as monthly team birthday celebrations to bring everyone together.

The expected salary range for this position is $135,000 to $175,000 per year. The actual salary offer will be determined based on the successful candidate's geographic location, relevant experience, and specific skill sets, in accordance with California laws.

AlphaX RE Capital and its affiliates are Equal Opportunity Employers. We celebrate diversity and are committed to creating an inclusive environment for all employees in accordance with the California Fair Employment and Housing Act (FEHA). All employment decisions are based on business needs, job requirements, and individual qualifications.