Senior Manager, Cost Control

QTS Realty Trust; Denver (CO); On-site; USD 122,000 - 184,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life insurance

401(k) retirement plan

Paid holidays

Paid time off

Volunteer days

Wellness program

Job summary

QTS Realty Trust in Colorado is seeking an experienced Senior Manager, Cost Control to lead multiple onsite cost teams across large construction and infrastructure projects. You will ensure financial discipline, accurate forecasting, and alignment with project goals.

This role partners with executives, project teams and finance to optimize costs, manage contracts and change orders, and deliver timely, transparent cost reporting. Bonus eligibility and equity may be possible.

Qualifications

• Bachelor’s degree in CM/financing/accounting or relevant experience.

Responsibilities

• Lead onsite cost teams and ensure adherence to cost control processes across projects.
• Oversee project budgets and ensure accurate forecasting and reporting.
• Manage contracts and change orders to maintain fairness and compliance.
• Support finance with cash flow analysis and cost reporting.
• Mentor teams and share best practices in cost management.

Skills

Leadership

Cost control

Budgeting

Change management

Forecasting

Vendor management

Communication

Problem solving

Education

Bachelor's degree in construction management, financing, or accounting

Tools

Workday

e-Builder

Procore

Autodesk Construction Cloud

Job description

Who we are:

As a global leader in digital infrastructure, QTS designs, builds and operates advanced data centers that support strategic AI, cloud and digital transformation initiatives. We are driven by a mission to connect the world for good and our people make it possible. Every single day, the creativity, dedication and genuine care for our communities are what push us forward and make this a truly special place to be.

Who We Are: It's exciting to find yourself standing in a pivotal moment in time. It’s even more exciting to be out front leading it. At QTS, our world-class data centers are supporting our customers most strategic growth initiatives, positioning us at the forefront of today’s dynamic digital transformation. As AI and cloud drive the demand for increased speed, capacity and capability, QTS has emerged as the global digital infrastructure leader, committed to connecting the world for good. Driven by purpose and fueled by a spirit of innovation, QTS designs, builds and operates some of the world’s most advanced, forward-thinking data centers. QTS is a portfolio company of Blackstone. QTS is Powered by People.

Who You Are:

An experienced Senior Manager, Cost Control will oversee multiple cost control teams in managing large-scale construction and infrastructure project budgets from inception to completion. This senior-level position will be responsible for ensuring financial discipline, effective cost control, and alignment with project and organizational objectives. This position will work closely with internal and external project teams and executives, finance, and accounting teams to ensure project costs are accurately forecasted, tracked, and maintained. This role will manage disputes with vendors and cost consultants, escalating when necessary. The ideal candidate will have a deep understanding of construction contracts, change management processes, and financial systems, along with the ability to lead teams and drive cost-effective solutions across multiple complex projects.

What You Will Do:

• Leadership & Team Development: Lead and mentor multiple onsite cost teams. Provide direction for strict adherence to cost control processes and ensure alignment across the project management teams. Promote a collaborative environment and offer practical training to facilitate the implementation of cost management strategies.
• Project Budget Oversight: Oversee the accurate creation and validation of project budgets by cost control teams for large-scale construction and infrastructure projects. Monitor financial performance at all stages of the project lifecycle, ensuring compliance with cost management procedures, and identify and implement strategies to enhance accuracy and achieve cost savings.
• Contract & Change Order Management: Ensure strict compliance to construction contract documents. Oversee change management practices at projects to maintain fairness across various locations and address recurring issues as necessary. Enhance the change management workflow for timely resolution.
• Cost Analysis & Forecasting: Assess cash flow projections in relation to project budgets and deliver timely, actionable insights to senior leadership to ensure financial alignment and project success.
• Vendor & Subcontractor Management: Report to senior leadership on the performance of vendors, subcontractors, and contractors regarding financial risks, compliance with the project budget, and adherence to contractual terms. Recommend corrective actions as necessary.
• Collaboration & Stakeholder Communication: Serve as a senior leader in ensuring consistent application of cost management practices across various projects and holding teams accountable. Facilitate regular communication with the accounting department, financing department, project executives, and other stakeholders.
• Financial Reporting & Documentation: Assist the cost team in the preparation of comprehensive and accurate cost reports, including cash flow analysis, monthly financial reviews, and projections. Support the finance team in the monthly loan draw process by ensuring that the cost control team acquires all necessary documentation and maintains accuracy.
• Risk Management & Compliance: Assess and mitigate cost-related risks, ensuring all project costs remain within the approved budget. Ensure compliance with relevant financial regulations, internal policies, and construction contract term and execute any corrective actions.
• Mentorship & Knowledge Transfer: Lead internal training and mentorship initiatives to develop cost control capabilities within the team. Share best practices, lessons learned, and industry insights to promote continuous improvement in cost management processes.
• Third-Party Oversight: Manage third-party cost auditing teams and consultants, ensuring that all external parties align with the project's financial objectives and contractual obligations.

What You Will Need to be Successful:

• Bachelor’s degree in construction management, financing, or accounting; or relevant professional experience.
• Deep expertise in construction contract documents, change management, and budget control processes.
• Advanced proficiency in financial and project management software (e.g., Workday, e-Builder, Procore, Autodesk Construction Cloud).
• Proven ability to lead teams in providing detailed and accurate financial forecasts, track project costs, and manage budgets through all stages of a project lifecycle.
• Ability to analyze complex financial data and present recommendations clearly to senior stakeholders.
• Ten or more years of experience in cost control, construction, or project management with prior experience in a senior or leadership role.

Nice to Have:

• Master’s degree or professional certifications such as PMP, CCP, or similar are a plus.
• Ten or more years of experience in cost control, construction, or project management preferably overseeing large-scale construction or infrastructure projects.
• Five or more years of experience in a leadership or management role.
• Advanced knowledge of industry-specific regulations and best practices in cost control.
• Knowledge.

Knowledge Skills and Abilities You Will Need:

• Strong leadership skills with a track record of managing teams, fostering collaboration, and driving performance improvement.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal teams, contractors, and third-party consultants.
• Strong problem solving and decision‐making capabilities in fast paced environment.

TOTAL REWARDS

• 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 Colorado. Please note that this information is provided for those hired in Colorado only, and this role is open to candidates outside of Colorado 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 Colorado, is: $122,250.00 - 184,190.00

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.

We are 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.

The "Know Your Rights" Poster is included here: Know Your Rights (English) Know Your Rights (Spanish). The pay transparency policy is available here: Pay Transparency Nondiscrimination Poster-Formatted.