Senior Cost Control Manager

A highly skilled and experienced Senior Cost Control Manager will oversee the management of 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, vendors, cost consultants, finance, and accounting teams to ensure project costs are accurately forecasted, tracked, and maintained. 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.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Leadership & Team Development: Lead and mentor onsite cost team. Provide direction for strict adherence to cost control processes and ensure alignment across the project management teams. Foster a collaborative environment to ensure seamless execution of cost management strategies.

• Project Budget Oversight: Manage and oversee the creation and validation of project budgets for large-scale construction and infrastructure projects. Monitor financial performance through all stages of the project lifecycle, ensuring adherence to budget constraints and identifying potential areas for cost savings.

• Contract & Change Order Management: Thoroughly review construction contract documents and assess potential change orders. Lead the process of evaluating and approving change orders, ensuring that cost implications are accurately assessed, documented, and communicated to project stakeholders. Oversee the management of internal approval workflows for change orders in accordance with established delegation of authority protocols.

• Cost Analysis & Forecasting: Evaluate contractors’ requests and conduct in-depth analysis of cost forecasts, including cash flow projections, monthly progress payments, and variance reporting. Reconcile actual expenditures against project budgets and provide timely, actionable insights to senior leadership to ensure projects remain on track financially.

• Vendor & Subcontractor Management: Lead and review the procurement process, ensuring that subcontractor and vendor contracts align with the project budget and contractual terms. Monitor buyout savings and assess any financial risks posed by subcontractor performance, recommending adjustments as necessary.

• Collaboration & Stakeholder Communication: Serve as the primary financial liaison between the project teams, contractors, subcontractors, finance department, and external consultants. Facilitate regular meetings to ensure all stakeholders are informed of project financial performance, potential risks, and change order status.

• Financial Reporting & Documentation: Provide detailed and accurate cost reports, including cash flow analysis, monthly financial reviews, and projections. Support the finance team in the monthly loan draw process, ensuring that all required documentation is obtained and accurate.

• 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 terms.

• 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.