Property Project Cost Manager

Citizens Bank; Rhode Island; On-site; USD 95,000 - 138,000; Full time

Job summary

Citizens Bank is seeking a Property Project Cost Manager to oversee property-related projects, including renovations, relocations, and expansions. You will partner with project managers, leadership, and vendors to align scope, budget, and schedule, providing independent cost guidance and risk insight.

Responsibilities include ROM estimates, detailed cost estimation, change-order evaluation, and cost analysis across trades.

Qualifications

• Bachelor's degree in Construction Management, Engineering, Architecture, Business, or related field.
• 5+ years managing commercial construction and/or facilities projects; multiple concurrent projects.
• Knowledge of construction standards and practices.
• Proficiency with estimating software.
• Ability to read and understand SDs, DDs, CDs, related to commercial construction and MEPs
• Travel: 25-50% including occasional overnights.

Responsibilities

• Develop and manage early-stage ROM estimates using benchmarks and historical data.
• Prepare and validate detailed cost estimates across major trades from drawings and cost data.
• Ensure projects stay financially viable through forecasting, budgeting, and cost alignment.
• Lead change order evaluation and cost control, including pricing analysis and reporting.
• Perform estimate vs. actual cost analyses for leadership insights.
• Maintain and update cost databases, adjusting for market trends and regional variations.
• Support stakeholder management with internal teams, contractors, and vendors.

Skills

ROM estimates

Cost estimation

Cost control

Cost analysis

Stakeholder mgmt

Education

Bachelor's degree

Tools

Estimating software

Job description

Description

As the Property Project Cost Manager, the incumbent is responsible for overseeing property related projects and operations within an organization. This role involves managing the planning and support of project delivery, such as renovations, expansions, or relocations. They collaborate with various stakeholders, including internal teams, contractors, and vendors to ensure successful project outcomes. The role also calls for independent cost guidance, risk insight, and program-level oversight, enabling effective project delivery of initiatives such as renovations, relocations, reconfigurations, and new builds. Working in close partnership with project managers, leadership, vendors, and cross-functional teams, this role ensures alignment between scope, budget, schedule, and organizational goals.

Responsibilities

While receiving a moderate level of guidance and direction, the incumbent is responsible for developing and managing the following tasks:

• Early-stage Rough Order of Magnitude (ROM) estimates using benchmarks, cost-per-square-foot metrics, and historical data.
• Prepare and validate detailed cost estimates across all major construction trades, leveraging drawings and historical cost intelligence.
• Ensure projects remain financially viable through accurate forecasting, budget development, and cost alignment with strategic priorities.
• Lead change order evaluation and cost control efforts, including scope validation, pricing analysis, and impact reporting.
• Perform estimate vs. actual cost analysis, delivering actionable insights to senior leadership.
• Maintain and enhance cost databases, adjusting for market trends and regional variations.

The incumbent will support stakeholder management, which includes collaborating with internal teams, contractors, and vendors to ensure effective communication and coordination and the management of stakeholder relationships.

The responsibilities pertaining to risk management may include identifying project risks related to cost, constructability, schedule, and site conditions, and develop mitigation strategies. Participate in site selection and feasibility assessments, evaluating cost exposure, constraints, and optimization opportunities. Provide guidance on permitting, utilities, and regulatory considerations impacting cost and delivery timelines.

Qualifications, Education, Certifications and/or Other Professional Credentials

• Bachelor’s degree in Construction Management, Engineering, Architecture, Business, or a related field (or equivalent practical experience).
• 5+ years of experience managing commercial construction and/or facilities projects, including multiple concurrent projects, vendor/contractor oversight, and delivery in occupied/open retail environments (construction while open).
• Knowledge and experience with construction standards and practices
• Proficiency with estimating software
• Read and understand SDs, DDs, CDs, related to commercial construction and MEPs
• Travel: 25-50%, including occasional overnights.

Pay Transparency

The salary range for this position is $95,000.00-$138,000.00 per year. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time‑away policy of every local and state jurisdiction in the United States.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

Job Applicant Data Privacy Policy

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.