Program Cost Manager

Company: Arche
Location: New York
Posted on: November 8, 2024

Job Description:

The Project Portfolio/Client Side Program Cost Manager 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 RESPONSIBILITIESKey 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 challenge cost estimates provided by tier 1 project management teams, against benchmarks, Service Agreements etc.
• Oversee expenditure throughout the 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 consistency.
• 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 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 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.SUPERVISORY RESPONSIBILITIESNo 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.QUALIFICATIONSTo 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 EXPERIENCEBachelor'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 of 3 years of relevant quantity surveying/Cost Management industry experience desired.CERTIFICATES and/or LICENSESMRICS accreditation preferred. RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred.
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Keywords: Arche, Philadelphia , Program Cost Manager, Executive , New York, Pennsylvania