Senior Cost Manager – Real Estate Development

RELATED; Chicago, Northern (IL, KY); Hybrid; USD 130,000 - 160,000; Full time

Benefits offered by this job

Discretionary bonus incentives

Comprehensive benefits package

Job summary

Related Midwest, the Chicago office of Related Companies, seeks a cost reporting professional to oversee weekly and monthly cost reporting, budget tracking, and close collaboration with development, design, and construction teams.

The role emphasizes maintaining cost codes, analyzing budgets, and preparing cash flows, with a focus on accuracy and timely communication with upper management and lenders.

Qualifications

• Minimum of 5 years relevant experience in real estate development or construction management.
• Bachelor’s degree in Engineering, Construction Management; master’s level degree preferred.

Responsibilities

• General - act as an intermediary between development, construction, accounting and legal to produce financial/cost reporting.
• Reporting - responsible for the projects weekly and monthly cost reporting, including internal and external reporting to partners, lenders and tenants.
• Work with development manager, project management and accounting to transform estimates into the cost code structure for project use.
• Maintain the ACR structure with transfers and new cost codes to track budget, contracts, allowances, unbought scope and holds.
• Prepare cost analysis and reports with historical, current, and forecasted data for project stakeholders.

Education

Bachelor’s degree in Engineering, Construction Management

Job description

Related Midwest, the Chicago office of Related Companies, seeks a cost reporting professional to oversee weekly and monthly cost reporting, budget tracking, and close collaboration with development, design, and construction teams.

The role emphasizes maintaining cost codes, analyzing budgets, and preparing cash flows, with a focus on accuracy and timely communication with upper management and lenders.