1+ months

Sr Cost Manager - Portfolio Commercial Oversight

East Hanover, NJ 07936

RESPONSIBILITIES  

The purpose of this position is the responsibility for individual multi-disciplined real estate cost solutions for clients with direct or indirect accountability for cost delivery.

 

This position is for the commercial management function for the client account Americas region and will be responsible for pipeline management, compiling initial budget estimates, project approval process, validating general contractor tenders and ensuring they represent value for money and capital forecasting process etc. The commercial manager will be responsible for various additional initiatives as part of the program management team on the client account.

 

This role is a heavily client facing role involving commercial management across a portfolio, rather than cost management of singular projects.

 


Characteristics of responsible costs:
Complexity: Medium
Risk: Medium-High
Duration: Long term [months to year(s)]
Value: Typically >$2 Million USD
Region: Regional LMA and/or National GWS Account

 

ESSENTIAL DUTIES AND RESPONSIBILITIES  


Manages all facets of commercial management (budget, schedule, procurement, quality & risk) for the USA, Latin America & Canada real estate portfolio capital projects/programme throughout planning, design, construction, occupancy and closeout. In particular this involves stakeholder management, significant client engagement, project pipeline management and managing the compilation of the regional capital plan.

Lead the administration associated with funding all project work, including creation of funding documents in use by the client (such as purchase orders or Capital funding requests). Work with client and Project Manager to ensure compliance with these systems; promote proactive creation/submission of all necessary funding documents to ensure all project work is funded in compliance with Client's internal funding policies.

Evaluate project scope and client needs to develop and present recommended budgets for necessary pre-bid and pre-construction cost estimating and cost planning services. Partner with project team to source and oversee the pre-bid and pre-construction services associated with the development of a project budget and cost plan.

Produce concept level estimates to aid feasibility studies and assist with business cases, leveraging a range of information from simple internal benchmarking to detailed market data and estimates taken from drawings and specifications. Issue recommendations for the application of a Estimator to produce costing of greater detail; incorporate estimator into project team - manage performance of estimating tasks/deliverables.

Support project manager and leasing team to estimate costs associated with the lease (upfit, abatement, reinstatement, etc.) to optimize landlord contribution/tenant improvement allowances on behalf of the Client. Ensure contracts with project team (designers, contractors) include language aligned with lease requirements for the solicitation of all landlord contributions.

Support project manager team in the implementation of all project procurement in accordance with CBRE corporate policies and guidelines; make recommendations on the project procurement strategy. Lead the analysis of bid/tender responses, leveling all responses and organizing the data into a concise yet thorough report for presentation to the Client. Include recommendations for items such as allowances, contingencies, and reserves.

Manage the delivery cost manager throughout the production of a detailed cost plan to be submitted for project approval, and validate this represents value for money.

Promote Value Engineering (VE) as a continual process to be implemented throughout the duration of the project and where necessary lead (or support if lead by Project Manager) Value engineering workshops, exercises and provide ideas and initiatives to add value. Act as a resource for implementing best practices to optimize the outcome of all VE efforts including tools, reports and goals - track/report progress against cost savings and value to fee targets.

Provide governance to the estimating, cost reporting and change control process across all projects, advising the project team and Client of high risk cost issues.

Assist the Client and design team with life cycle costing of LEED/sustainability initiatives (as appropriate).

Support cost/budget aspects of the project closeout and capture project costs for contribution to CBRE cost benchmarking/estimating databases and tools.

Where applicable, provide tools, processes and training to ensure all team members provide cost management services consistently across a project, program or geography. Proactively seek opportunities to improve delivery of services; adjust as needed.

Manages 3rd party cost delivery resources/team at both the project level or regional level. Responsible for ensuring 3rd parties deliver all procured services and deliverables and escalating as appropriate. Suggest and implement contractual adjustments as appropriate; implement project or account specific performance management solutions.

Other duties as assigned.



SUPERVISORY RESPONSIBILITIES  

Provides formal supervision to individual employees within single functional or operational area. Approves subordinate's recommendations for staff recruitment, selection, promotion, advancement, corrective action and termination. Effectively recommends same for direct reports to next level management for review and approval. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.

Requirements

QUALIFICATIONS  

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 5 years of related experience and/or training.


CERTIFICATES and/or LICENSES  

RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred.

PMP (US and/or Canada) and LEED AP preferred.


COMMUNICATION SKILLS  

Ability to comprehend, analyze, and interpret business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.


FINANCIAL KNOWLEDGE  

Requires general knowledge of financial terms and principles. Ability to calculate complex figures. Ability to forecast and prepare budgets. Conducts financial/business analysis including the preparation of reports.


REASONING ABILITY  

Ability to comprehend, analyze, and interpret complex documents. Ability to solve advanced problems and deal with a variety of options in complex 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 in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results. Responsible for setting department deadlines. Errors in judgment may cause long-term impact to co-workers, supervisor, department and/or line of business.


SAFETY



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Posted: 2019-10-18 Expires: 2020-01-03

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Sr Cost Manager - Portfolio Commercial Oversight

CBRE
East Hanover, NJ 07936

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