Construction Cost Manager - Related

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Related is seeking a Cost Manager to join their Related Southeast office in West Palm Beach, FL. The Cost Manager will be responsible for:

• 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.

1. 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.

2. Contingency – report on committed and projected uses of contingency including uses for procurement and exposures.

3. 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.

4. Holds – work with the procurement team to understand all Holds created. Track and report on current and anticipated use of Hold dollars.

5. 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.

• 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

Related values diversity in backgrounds and experiences. 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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Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States.  Headquartered in New York City, the company has offices and major developments across the world.  Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.   

Related 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 strong entrepreneurial spirit.  In its relentless commitment to excellence, Related 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 at www.related.com. 

Related Ross is dedicated to building well-connected and culturally enriched communities. For over two decades, Related Ross has worked to develop dynamic neighborhoods that are inclusive, innovative, and vibrant. With completed and ongoing developments in West Palm Beach, including The Square, 360 Rosemary, and One Flagler, Related Ross is making long-term investments to transform and support local communities. Learn more about Related Ross at https://www.relatedross.com/.