Senior Manager, Cost Control

Who We Are:

It's exciting to find yourself standing in a pivotal moment in time. It's even more exciting to be out front leading it. At QTS, our world-class data centers are supporting our customers most strategic growth initiatives, positioning us at the forefront of today's dynamic digital transformation.

As AI and cloud drive the demand for increased speed, capacity and capability, QTS has emerged as the global digital infrastructure leader, committed to connecting the world for good. Driven by purpose and fueled by a spirit of innovation, QTS designs, builds and operates some of the world's most advanced, forward-thinking data centers. QTS is a portfolio company of Blackstone.

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Who You Are:

An experienced Senior Manager, Cost Control will oversee multiple cost control teams in managing 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 and executives, finance, and accounting teams to ensure project costs are accurately forecasted, tracked, and maintained.

This role will manage disputes with vendors and cost consultants, escalating when necessary. 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.

What You Will Do:

• Leadership & Team Development: Lead and mentor multiple onsite cost teams. Provide direction for strict adherence to cost control processes and ensure alignment across the project management teams. Promote a collaborative environment and offer practical training to facilitate the implementation of cost management strategies.
• Project Budget Oversight: Oversee the accurate creation and validation of project budgets by cost control teams for large-scale construction and infrastructure projects. Monitor financial performance at all stages of the project lifecycle, ensuring compliance with cost management procedures, and identify and implement strategies to enhance accuracy and achieve cost savings.
• Contract & Change Order Management: Ensure strict compliance to construction contract documents. Oversee change management practices at projects to maintain fairness across various locations and address recurring issues as necessary. Enhance the change management workflow for timely resolution.
• Cost Analysis & Forecasting: Assess cash flow projections in relation to project budgets and deliver timely, actionable insights to senior leadership to ensure financial alignment and project success.
• Vendor & Subcontractor Management: Report to senior leadership on the performance of vendors, subcontractors, and contractors regarding financial risks, compliance with the project budget, and adherence to contractual terms. Recommend corrective actions as necessary.
• Collaboration & Stakeholder Communication: Serve as a senior leader in ensuring consistent application of cost management practices across various projects and holding teams accountable. Facilitate regular communication with the accounting department, financing department, project executives, and other stakeholders.
• Financial Reporting & Documentation: Assist the cost team in the preparation of comprehensive and accurate cost reports, including cash flow analysis, monthly financial reviews, and projections. Support the finance team in the monthly loan draw process by ensuring that the cost control team acquires all necessary documentation and maintains accuracy.
• 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 term and execute any corrective actions.
• 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.

What You Will Need to be Successful:

• Bachelor's degree in construction management, financing, or accounting; or relevant professional experience.
• Deep expertise in construction contract documents, change management, and budget control processes.
• Advanced proficiency in…