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Cost Manager
Job in
Westmont, DuPage County, Illinois, 60559, USA
Listed on 2026-10-13
Listing for:
Talentify
Full Time
position Listed on 2026-10-13
Job specializations:
-
Business
Financial Analyst, Financial Manager
Job Description & How to Apply Below
Cost Manager
Job Description
The Cost Manager leads full-cycle cost management and estimating for large, complex construction projects, with a strong focus on hyperscale and colocation data centers. This role oversees project financials from concept through completion, including budget development, cost planning, financial reporting, and commercial support. The Cost Manager partners closely with project teams and stakeholders to ensure budgets align with scope, contracts, and schedule, while providing clear, data-driven insights that support strategic decision-making and long-term project success.
Responsibilities- Lead the full-cycle cost management of complex construction projects from initial concept through project completion, ensuring robust cost controls are in place at every stage.
- Conduct scope definition workshops with stakeholders to develop accurate, comprehensive project budgets that reflect design intent and project requirements.
- Create, maintain, and update detailed cost plans and estimates aligned with each design phase, revising forecasts at key project milestones to reflect current information.
- Review design alternatives, emerging technologies, and construction means-and-methods to assess cost implications and ensure all estimates meet required accuracy standards.
- Develop and deliver lifecycle cost models and integrate benchmarking data to support informed, data-driven decision-making for project teams and stakeholders.
- Perform detailed evaluations of subcontractor change order requests to confirm alignment with contractual requirements and project scope, and recommend appropriate actions.
- Prepare and present monthly cost reports and risk assessments to senior internal and external stakeholders, clearly highlighting key variances, risks, and recommended mitigation strategies.
- Support monthly stakeholder meetings by providing clear financial content, data-driven insights, and expert commentary on project cost performance and trends.
- Produce and maintain detailed cash flow forecasts across the project lifecycle to support client financial planning and internal reporting requirements.
- Prepare comprehensive tender documentation for all trade packages, ensuring clarity, completeness, and alignment with project scope and commercial requirements.
- Manage the tender query process by responding to bidder questions, clarifying scope, and maintaining transparent communication throughout the procurement cycle.
- Perform detailed bid leveling and compliance reviews to compare proposals objectively and ensure all bids meet technical and commercial requirements.
- Produce formal Tender Recommendation Reports and lead trade package review meetings to support transparent, well-documented procurement decisions.
- Manage the monthly pencil requisition process, diligently review all variations, and support the project team in agreeing rolling and final accounts with subcontractors.
- Review and interpret contractual terms to recommend entitlements related to change orders, claims, and other commercial matters, protecting project and client interests.
- Coordinate directly with finance and accounting teams to ensure accurate financial reporting and full compliance with established financial controls and procedures.
- Analyze and report on local labor markets, union considerations, commodity price fluctuations, and tax impacts to inform project cost strategy and budget updates.
- Lead and mentor a team, providing direction and oversight to direct reports involved in cost management, financial tracking, and commercial administration.
- Take ownership of the financial and budgeting elements of the role, including projections, budget setup, pay applications, and milestone tracking, to ensure strong financial performance.
- Utilize project financial management tools and collaborative platforms to manage project financials, track changes, and maintain accurate, up-to-date cost information.
- 710+ years of experience in complex project execution and financial oversight, preferably within large-scale construction projects.
- Proven experience in hyperscale or colocation data center construction, or similarly complex, large-scale projects.
- Demonstrated expertise in cost management, cost analysis, and cost estimating across all project phases.
- Strong financial reporting skills, including preparation of monthly cost reports, risk assessments, and cash flow forecasts.
- Experience with budget and contract alignment, ensuring project budgets accurately…
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