Senior Cost Manager – Commercial Real Estate Construction

This is a fully remote position, open to applicants in United States.

📋 Description

• Serve as the primary day-to-day point of contact for clients involved in commercial real estate and construction projects.

• Provide leadership and guidance while advocating for Turner & Townsend’s mission, values, and vision.

• Estimate and negotiate change orders throughout the construction process.

• Offer estimating, cost planning, budget management, and final cost plan services.

• Review and verify cost estimates with design teams, contractors, and project stakeholders.

• Assist in cost management across various projects including office, retail, industrial, mixed-use, multifamily, hospitality, and more.

• Reconcile changes and ensure alignment of cost and budget data with project goals.

• Collect project status updates and prepare cost estimate revisions.

• Develop contractor submission analyses, executive summaries, budget reviews, and commercial recommendations.

• Coordinate contractor pricing, subcontractor bids, consultant estimates, market benchmarks, and quantity take-offs.

• Influence engineering and design priorities based on cost implications and budget targets.

• Proactively address cost and scheduling challenges with minimal oversight.

• Oversee cost checks, valuations, cost audits, draw reviews, and financial tracking.

• Manage change control, cost variances, contingencies, commitments, forecasts, and funding needs.

• Prepare presentations for funding and facilitate value engineering sessions.

• Develop and revise cost plans and estimates at significant design milestones.

• Review pricing and lead negotiations with contractors and subcontractors.

• Generate monthly cost reports detailing budget performance, cost variances, contingencies, and anticipated final costs.

• Negotiate and finalize accounts.

• Compile records of built costs and benchmarking data.

• Mentor and coach emerging talent.

• Track commission margins, fee/resource forecasts, and overall financial performance using internal tools.

• Maintain internal business management systems and delivery processes.

• Comply with relevant SOX control responsibilities.

⛳️ Requirements

• Bachelor's degree in Construction Management, Cost Management, Quantity Surveying, Engineering, Real Estate, or a related construction discipline.

• At least 5–7 years of pertinent experience in cost management, quantity surveying, or construction cost control.

• Experience leading cost management services on medium to large-scale commercial real estate and construction projects of moderate to high complexity.

• Experience in owner-side project delivery, capital projects, project monitoring, construction lending support, cost verification, draw reviews, or financial oversight is advantageous.

• Prior experience in construction consultancy is highly preferred.

• RICS accreditation or progress toward it is preferred.

• Solid understanding of construction industry technical aspects, procurement strategies, value management, value engineering, budgeting, and cost controls.

• Strong grasp of project financial management, change management, cost forecasting, and reporting procedures.

• Exceptional communication, stakeholder management, and client-facing abilities.

• Capability to work independently and collaboratively.

• Ability to thrive in a client-facing setting.

• Must comply with applicable SOX controls.

🏝️ Benefits

• Employees may qualify for bonuses.

• Comprehensive benefits package available.

• Flexible working environment offered.

• Support for work-life balance.

• Commitment to an equal opportunity and inclusive workplace.