Senior Cost Control Manager

Who we are:

As a global leader in digital infrastructure, QTS designs, builds and operates advanced data centers that support strategic AI, cloud and digital transformation initiatives. We are driven by a mission to connect the world for good and our people make it possible. Every single day, the creativity, dedication and genuine care for our communities are what push us forward and make this a truly special place to be.

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.

QTS is Powered by People . People who play a vital role in our company’s culture, innovation and growth. People who are committed to contributing to the communities where we operate and work. People who are knowledgeable, resourceful and mission driven. Together, we do great things.

Who You Are:

The Cost Control Manager is responsible for managing construction budgets from project inception through completion in accordance with the construction contract documents including validation of potential change orders and associated cost. This position involves leading and collaborating with various stakeholders, including project management teams (internal and external), vendors, cost consultants, and finance and accounting teams. The ideal candidate has strong collaboration skills, advanced knowledge of construction documents, analytical abilities, attention to detail, and proficiency in financial and project management software tools.

What You Will Do:

• •Examine construction contract documents and ensure continuous compliance with the contract and relevant laws.
• •Evaluate contractors' requests to award (RTA) to subcontractors, provide recommendations to the project management team for review, and monitor buyout savings.
• •During the monthly review of the pay application, ensure that contractors' schedule of values aligns with the contract, verify the required monthly documentation, reconcile the project budget as needed, and inform the project management teams.
• •Initiate purchase orders for vendors and ensure invoices comply with the agreed terms.
• •Obtain detailed monthly cash flow projections from the contractor, reconcile projections with actual figures, and provide these projections to the capital and investment teams.
• •Evaluate potential change order events by thoroughly reviewing contract documents and relevant cost information and offer well-informed recommendations to project management teams including substantiating claim positions.
• •Maintain a log of potential change orders and their approximate costs, track approved change orders, manage the internal approval process for change orders according to the delegation of authority, and ensure review by the legal department as necessary.
• •Support the finance team with the monthly loan draw process as required, including acquiring any necessary documentation from the contractor or its subcontractors.
• •Conduct weekly and biweekly meetings with external construction managers, internal project management teams, and consultants to review pay applications, required documentation, and change order status. Ensure that all teams adhere to the specified review timelines.

A highly skilled and experienced Senior Cost Control Manager will oversee the management of 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, vendors, cost consultants, finance, and accounting teams to ensure project costs are accurately forecasted, tracked, and maintained. 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.

Essential Duties and Responsibilities:

• •Leadership & Team Development: Lead and mentor onsite cost team. Provide direction for strict adherence to cost control processes and ensure alignment across the project management teams. Foster a collaborative environment to ensure seamless execution of cost management strategies.
• •Project Budget Oversight: Manage and oversee the creation and validation of project budgets for large-scale construction and infrastructure projects. Monitor financial performance through all stages of the project lifecycle, ensuring adherence to budget constraints and identifying potential areas for cost savings.
• •Contract & Change Order Management: Thoroughly review construction contract documents and assess potential change orders. Lead the process of evaluating and approving change orders, ensuring that cost implications are accurately assessed, documented, and communicated to project stakeholders. Oversee the management of internal approval workflows for change orders in accordance with established delegation of authority protocols.
• •Cost Analysis & Forecasting: Evaluate contractors’ requests and conduct in-depth analysis of cost forecasts, including cash flow projections, monthly progress payments, and variance reporting. Reconcile actual expenditures against project budgets and provide timely, actionable insights to senior leadership to ensure projects remain on track financially.
• •Vendor & Subcontractor Management: Lead and review the procurement process, ensuring that subcontractor and vendor contracts align with the project budget and contractual terms. Monitor buyout savings and assess any financial risks posed by subcontractor performance, recommending adjustments as necessary.
• •Collaboration & Stakeholder Communication: Serve as the primary financial liaison between the project teams, contractors, subcontractors, finance department, and external consultants. Facilitate regular meetings to ensure all stakeholders are informed of project financial performance, potential risks, and change order status.
• •Financial Reporting & Documentation: Provide detailed and accurate cost reports, including cash flow analysis, monthly financial reviews, and projections. Support the finance team in the monthly loan draw process, ensuring that all required documentation is obtained and accurate.
• •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 terms.
• •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.
• •Ten or more years of experience in cost control, construction, or project management with prior experience in a senior or leadership role.
• •Deep expertise in construction contract documents, change management, and b