A Sr. Project Portfolio/Client Side Cost Manager is required to lead the commercial management function as part of the Global Project Governance Office within the Americas for a Banking Client account. This role is to be based full-time at the client's offices in New York and is part of a global CBRE team.
The Sr. Project Portfolio/Client Side Cost Manager's primary responsibility will be to liaise with the Regional Program Manager to challenge capital expenditure requests and help advise accurate forecasting for the Regional Rolling Capital Plan (RCP). In addition, the Cost Manager must continually review process and procedure and look for efficiencies of live projects, so that the Bank may achieve better value through its capital expenditure.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Prepare and develop client's capital expenditure budgets and forecasts for projects for entry in the Rolling Capital Plan.
Regularly maintain and review information in Rolling Capital Plan: prepare monthly recommendations to the Regional Program Manager.
Review and cha l lenge cost estimates provided by tier 1 project management teams, against benchmarks, Service Agreements etc.
Oversee expenditure through-out region and review tier 1 suppliers cost management activities.
Review monthly cost reports and Project Status Reports (PSRs), and make recommendations on best practice cost management.
Review, challenge, improve and direct cost management processes provided by tier 1 suppliers.
Regularly liaise with the global team with a view to ensure global consistence.
Drive consistency and data integrity throughout own region.
Liaise with finance to track P+L impact of projects, and track assets under construction to ensure timely and accurate financial close-out, capitalisation and depreciation of project spend.
Collation of new cost data and use of client's historic cost data for benchmarking. Furthermore, the accuracy of the initial budget should be assessed at the end of each project as part of the project close out process.
Generate analysis to compare benchmarking data against other similar institutions using CBRE internal data.
Day-to-day use of 'Clarity' to review cost reporting information inputted by tier 1 suppliers and ensuring budgets are accurate and up to date with all Approved Variations.
Perform high level commercial reviews on all projects and perform occasional audits of cost underspend/escalation on projects including reviewing Risk Registers, Change Control Log, Value Creation Log etc.
Establish interfaces and liaise with client stakeholders; e.g. Security and IT to better prepare and track the project budgets / pipeline across the region.
Familiarization with and use of CBRE and Client tools and procedures for budgeting and cost reporting.
Contribute to an ongoing Continuous Improvement agenda with ideas and take ownership of implementing process change initiatives.
To perform additional duties which may be required from time to time as required
Participate in global calls
No formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or training to coworkers. May lead cost teams and/or plan, and supervise assignments of lower level employees.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree (BA/BS/BEng/BArch) from College or University in a technical area of study.
Minimum 4 years of related experience and/or training.
A minimum 5 years of relevant quantity surveying/Cost Management industry experience desired.
CERTIFICATES and/or LICENSES
RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred.
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires general knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and commissions. Conducts advanced financial analysis.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Advanced skills with Microsoft Office Suite. Working knowledge in MS Project is helpful. Knowledge with estimating software such as OST preferred. Ability to read and understand architectural drawings. Knowledge of leases, contracts, and construction practices preferred.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
Internal Number: 20014203
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