Director of Cost Management

Are you a passionate problem solver? Do you act with integrity and hold yourself and others to the highest standard? If the answer is, “Yes!” then we have an opportunity that will impress you. Who are we? We are ARCO, a Family of Construction Companies. At ARCO, every associate is empowered to drive their success. The Director of Cost Management will lead ARCO’s cost management function and oversee cost management practices across complex construction projects.

This role will establish the team’s operating model, processes, procedures, reporting standards, and performance expectations while building a high-performing team of cost managers.

• Establish and continuously improve cost management standards, procedures, tools, and reporting practices across the project lifecycle.
• Build and maintain the operating framework for a cost management team, including roles, workflows, review cadence, escalation paths, and quality controls.
• Develop consistent approaches to budgets, cost codes, work breakdown structures, commitments, accruals, forecasts, cost-to-complete analysis, and estimates at completion.
• Align cost management practices with project controls, preconstruction, accounting, procurement, and operational needs.
• Evaluate systems, data, and processes; identify gaps and lead practical improvements that increase accuracy, consistency, and usability.
• Promote strong documentation, internal controls, and timely, reliable project financial information.

• Lead, coach, and develop a team of cost managers supporting projects and business units.
• Set clear goals, performance expectations, and professional development plans; provide regular feedback and support career growth.
• Allocate team resources across projects, balance workloads, and adjust coverage to meet business priorities.
• Create a collaborative team culture focused on accountability, continuous improvement, and partnership with project teams.
• Recruit and onboard cost management talent as the function grows, and build knowledge-sharing and training practices.
• Serve as a senior advisor and escalation point for cost managers and project leadership on complex cost issues.

• Provide oversight of project budgets, commitments, actual costs, accruals, cash-flow projections, forecasts, and estimates at completion.
• Review project financial performance, budget-to-actual variances, cost trends, exposures, and profitability; identify risks and opportunities early.
• Partner with project leaders to develop mitigation plans and support informed decisions on cost, scope, procurement, and execution.
• Review cost reports and forecasts for completeness, consistency, and accuracy; help ensure updates reflect current project conditions.
• Coordinate cost information with schedules, project progress, procurement, and change activity.
• Prepare and present portfolio-level dashboards, financial summaries, and executive updates on performance, risks, and required decisions.

• Establish consistent practices for tracking potential and approved changes, including scope, pricing, schedule, and risk impacts.
• Oversee processes for incorporating approved changes into project budgets, forecasts, commitments, and cost reports.
• Provide guidance on subcontractor payment applications, invoices, commitments, and supporting documentation in coordination with Project Management and Finance.
• Support subcontract buyout, contract administration, claims documentation, and change-order negotiations as needed.
• Promote timely resolution of billing discrepancies and clear, accurate project records throughout the project lifecycle.