Financial Project Manager
1 week ago
Key Responsibilities:
- Interdepartmental Coordination: Act as a bridge among development, construction, finance, and legal departments to produce financial and expenditure reports.
- Regulatory Compliance: Guarantee compliance with established protocols for all cost-related activities.
- Financial Reporting: Oversee weekly and monthly financial reporting for projects, including internal updates for senior management and external communications for stakeholders, lenders, and tenants. Be ready to discuss pertinent financial data with senior management.
- Cost Code Development: Work alongside the development manager, project management, and finance teams to translate estimates or proformas into the project's cost code framework.
- ACR Oversight: Sustain the structure of the ACR throughout the project by executing transfers and creating new cost codes to monitor budget, contracts, allowances, unpurchased scope, and holds.
- Cost Evaluation: Generate cost evaluations and reports that include historical, current, and projected data for project stakeholders.
- Budget Oversight: Maintain a thorough understanding of the project's hard and soft cost budgets, including remaining procurement tasks and available contingencies or holds.
- Contingency Management: Report on committed and anticipated uses of contingency funds, including procurement and exposure applications.
- Change Management: Oversee and report on the project's change events log for hard and soft costs, ensuring all change events are documented with relevant details including budget source and exposure amounts.
- Hold Management: Collaborate with the procurement team to comprehend holds, tracking and reporting on current and expected utilization of hold funds.
- Risk Management: Ensure that anticipated risks are factored into cost evaluations and forecasts.
- Estimate Collaboration: Engage in detailed collaboration with the development, design, and construction teams to formulate and review estimates.
- Cash Flow Management: Prepare and update cash flow projections as necessary.
- Procurement Verification: Confirm bid package budgets with the procurement team.
- Contract Finalization: Assist in the contract finalization process and ensure accurate integration of all cost data into the closure process.
Qualifications:
- At least 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 complemented by a master's degree in Construction Management.
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