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Cost Management Specialist

2 months ago

West Palm Beach, Florida, United States Leeds Professional Resources Full time
Job Summary

Leeds Professional Resources is seeking a highly skilled Cost Manager to join our team. As a key member of our organization, you will be responsible for managing the financial aspects of our projects, ensuring accurate and timely reporting, and maintaining a comprehensive understanding of our project budgets.

Key Responsibilities
  • Financial Reporting: Prepare and manage weekly and monthly cost reports for our projects, including internal reports for senior management and external reports for partners, lenders, and tenants.
  • Cost Code Structure: Collaborate with our development manager, project management, and accounting teams to convert estimates or proformas into our project's cost code structure.
  • ACR Maintenance: Maintain the structure of our ACR throughout the project by performing transfers and creating new cost codes to track budget, contracts, allowances, unbought scope, and holds.
  • Cost Analysis: Prepare cost analyses and reports containing historical, current, and forecasted information for project stakeholders.
  • Budget Management: Maintain a comprehensive understanding of our project's hard and soft cost budgets, including remaining procurement work and available contingencies or holds.
  • Contingency Reporting: Report on committed and projected uses of contingency funds, including procurement and exposure uses.
  • Change Event Management: Manage and report on our project's change events log for hard and soft costs, ensuring all change events are tracked with relevant information including budget source and exposure amounts.
  • Hold Tracking: Work with our procurement team to understand holds, tracking and reporting on current and anticipated use of hold dollars.
  • Risk Incorporation: Ensure anticipated risks are incorporated into cost analysis and projections.
  • Estimate Collaboration: Collaborate in detail with our development, design, and construction teams to create and review estimates.
  • Cash Flow Preparation: Prepare and update cash flows as required.
  • Procurement Collaboration: Verify bid package budgets with our procurement team.
  • Contract Closeout: Assist in contract closeout and ensure accurate incorporation of all cost data into the closeout process.
Requirements
  • Minimum of 3-5 years of relevant experience in real estate development or construction management.
  • Bachelor's degree in Engineering or Construction Management. Other undergraduate degrees may be acceptable if accompanied by a master's degree in Construction Management.