• Cost Manager

    Job Locations US-NY-New York
    Job ID
    2521
    Function
    Construction
    Location Name
    460 West 34th Street
  • Overview

    Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.

     

    Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, and Shanghai and boasts a team of over 3,500 professionals. The Company’s portfolio of over $50 billion in real estate assets owned or under development is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

     

    Related also owns Equinox® Fitness Clubs and SoulCycle further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. Related is a partner in CORE, a boutique residential brokerage.

    Responsibilities

    • Act as an intermediary between development, construction, accounting and legal to produce financial reporting.
    • Ensure compliance to established processes and procedures for all cost processes.
    • Financial Reporting – responsible for the projects weekly and monthly reporting. This includes internal reporting to upper management and external reporting to partners, lenders and tenants. Prepare cost analysis and reports for historical and current data as well as forecasted information to prepare Anticipated Cost Reports for senior management.
    1. Work with project team to manager the Anticipated Cost Report for each project. Be prepared to discuss all relevant costs information with upper management.
    2. Budgets - maintain a deep understanding of the projects hard and soft cost budget. This includes understanding what work remains to be procured and what contingencies are available for use on remaining scope.
    3. Change Events - be able to manage and report on the projects change events log for Hard and Soft costs. Ensure all change events are tracked and reported with all relevant information including budget source and exposure amounts.
    4. Ensure anticipated risk is incorporated into cost analysis and projections
    5. Prepare cash flows and update as required
    • Estimates - work in detail with development team, design team and construction team to create and review estimates.
    • Procurement - work with the procurement team to verify that bid package budgets are accurate.
    • Work with DM, PM, Act. in transforming the estimates from native format into cost code structure.
    • Assist in contract close out and ensure all cost data is accurately incorporated into close out process.

    Qualifications

    • Minimum of 5 years relevant experience in real estate development or construction management
    • Bachelor’s degree in Engineering, Construction Management
    • Various undergraduate fields may be acceptable if accompanied by a master’s level degree in Construction Management

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