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Associate Director, Cost Management- Commercial Real Estate

Company Description

 

From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational programs covering the full spectrum of consultancy, project delivery and post-project operations.

With offices located globally, you're never far away from our services. Working from 133 offices in 49 countries, we make the difference to projects across the real estate, infrastructure and natural resources sectors worldwide.

Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world.

Job Description

 

Who are you?

You are an Associate Director level construction professional with a minimum of 7 years post-graduate experience working in a cost and/or commercial management role on commercial real estate and TI related fit-out projects. 

Job Objectives:

  • Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bid leveling documents, making final recommendations to the client, attending & chairing bid interviews, and managing appointment process.
  • Manage estimating services for full project by developing project estimates (relating to construction, fees, direct work and other costs), reviewing estimations prepared by junior team members, presenting estimates to client, presenting value engineering recommendations and risk assessments to client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects.
  • Manage cost reporting by establishing reporting schedule, reviewing & presenting cost reports and forecasts, reviewing project budget & spend forecast with the client, developing & maintaining commercial risk register, and hosting periodic meetings with project team & vendors. 
  • Manage cost control process by reviewing payment application assessments prepared by junior team members, liaising with project managers to recommend contractor entitlements, reviewing requests for change orders from vendors & making recommendations to client, and using dispute prevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes.
  • Manage & monitor invoicing process.
  • Benchmark performance against other successful commissions.
  • Hold post-contract reviews with the client to establish a lessons learned document and apply lessons to create training manual.
  • Develop procedures governing handover of project.
  • Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Takeoff Software.

Qualifications

 

  • 7-15 years of post-graduate experience working in a cost management role on commercial real estate or related Tenant Improvement and/or Fit-out construction projects.
  • US construction experience is preferred. 
  • Ideally a college degree in Quantity Surveying, Engineering, Construction Management with a technical Focus or related technical field.
  • Solid technical experience in all cost management areas.
  • A strong and clear communicator, both orally and in written form.
  • Proficient with cost management software including CostX or other related cost related software.
  • Strong analytical skills and advanced proficiency using spreadsheets.
  • Working knowledge of Microsoft Office and SharePoint.
  • Client facing, confident individual who demonstrates excellent presentation, verbal, written, and communication skills.
  • Passion and enthusiasm for construction and numbers!
  • Someone who loves a challenge and solving construction related problems.

Additional Information

 

The salary range for this full-time role is $155K-$185K per year. Ranges are determined by role and level and represent a good faith effort to provide a fair and equitable salary. This range is a reflection of base salary only, not of a total compensation package.  Please note Turner & Townsend reserves the right to pay more or less than the posted range, depending on candidate’s experience and qualifications.

*On-site presence and requirements may change depending on our client's needs*

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Please find out more about us at www.turnerandtownsend.com/ and https://www.heery.com/

All your information will be kept confidential according to EEO guidelines.

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Join our social media conversations for more information about Turner & Townsend and our exciting future projects: 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review. 

Average salary estimate

$170000 / YEARLY (est.)
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$155000K
$185000K

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What You Should Know About Associate Director, Cost Management- Commercial Real Estate, Turner and Townsend

Are you a driven construction professional with a flair for cost management? If so, Turner & Townsend could be the perfect fit for you as an Associate Director, Cost Management in the vibrant city of New York, NY. With over seven years of post-graduate experience in commercial real estate and tenant improvement projects, you will play a crucial role in helping our clients achieve their goals through effective cost management strategies. Your day-to-day responsibilities will include advising clients on vendor prequalification and proposal assessments, managing comprehensive project estimations, and overseeing cost reporting and control processes. You will lead a talented team, guide junior members in their estimations, and present compelling value engineering recommendations to our clients. Your excellent communication skills will shine as you meet with vendors and facilitate meetings to ensure project success. At Turner & Townsend, our culture is inclusive and supportive, allowing you to thrive while tackling exciting projects around the globe. You’ll have access to some amazing opportunities to innovate and influence positive change on major constructions. If you are passionate about numbers, problem-solving, and making a significant impact in the construction world, we would love to hear from you!

Frequently Asked Questions (FAQs) for Associate Director, Cost Management- Commercial Real Estate Role at Turner and Townsend
What qualifications do I need to apply for the Associate Director, Cost Management position at Turner & Townsend?

To be considered for the Associate Director, Cost Management role at Turner & Townsend, you should have 7-15 years of post-graduate experience specifically in cost management related to commercial real estate or tenant improvement projects. A college degree in Quantity Surveying, Engineering, Construction Management, or a related technical field is highly preferred. Proficiency with cost management software and strong analytical abilities are also key assets for this role.

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What are the main responsibilities of an Associate Director, Cost Management at Turner & Townsend?

In the Associate Director, Cost Management role at Turner & Townsend, your responsibilities will include advising clients on vendor qualifications, managing cost estimation processes, and overseeing cost reporting and control activities. You'll also be involved in presenting budgets and forecasts, facilitating vendor meetings, and ensuring effective change order management to align costs with project objectives.

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What is the expected salary range for the Associate Director, Cost Management role at Turner & Townsend?

The salary range for the Associate Director, Cost Management position at Turner & Townsend is between $155,000 and $185,000 per year. This range is determined by various factors including experience and qualifications. At Turner & Townsend, we strive to maintain fair and equitable compensation for all our employees.

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What type of projects will I work on as an Associate Director, Cost Management at Turner & Townsend?

As an Associate Director, Cost Management at Turner & Townsend, you will be involved in exciting commercial real estate projects as well as Tenant Improvement (TI) and fit-out projects. You'll have the opportunity to work on prestigious projects that make a significant impact across diverse sectors including infrastructure and natural resources.

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What skills are important for the Associate Director, Cost Management position at Turner & Townsend?

Important skills for the Associate Director, Cost Management position include strong analytical skills, proficiency in cost management software, and excellent communication abilities. Being a confident client-facing professional who can present ideas effectively and solve construction-related challenges is crucial for success in this role at Turner & Townsend.

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Is there a flexible working environment at Turner & Townsend for the Associate Director, Cost Management role?

Yes! Turner & Townsend promotes a healthy work-life balance and provides a flexible working environment for all employees, including those in the Associate Director, Cost Management role. We believe that maintaining a productive and supportive atmosphere is essential for the success of our team.

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How can I learn more about the team culture at Turner & Townsend for the Associate Director, Cost Management position?

Turner & Townsend prides itself on having an inclusive and dynamic company culture. To learn more about our team culture, you can explore our social media channels, visit our website, or read employee testimonials. We prioritize collaboration, innovation, and respect in all our interactions, making it a great place to grow your career as an Associate Director, Cost Management.

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Common Interview Questions for Associate Director, Cost Management- Commercial Real Estate
Can you explain your experience with cost reporting and forecasting in commercial real estate?

When answering this question, detail your specific responsibilities related to cost reporting and forecasting in previous roles. Highlight the methodologies you've used, any software or tools employed, and how your reporting influenced decision-making. Provide examples of successful project management achieved through accurate forecasting.

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How do you approach vendor management and assessments?

To effectively answer this, discuss your strategic approach to vendor management, including how you assess vendor qualifications, evaluate proposals, and conduct meetings. Share experiences where you improved vendor relationships or reduced costs through diligent vendor management.

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Describe a challenging construction-related problem you solved.

Focus on a specific problem and your step-by-step approach to solving it. Discuss the research, strategies, and communication you employed to resolve the issue, and conclude with the positive outcomes it had on the project.

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What software tools do you typically use for cost management?

Mention relevant software you are familiar with, such as CostX or other estimating tools. Provide examples of how you used these tools in past projects to enhance efficiency, accuracy, and reporting effectiveness.

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How do you ensure accuracy in project estimates?

Elaborate on your methods for developing and reviewing project estimates, including using historical data, conducting thorough analysis, and collaborating with team members. Emphasize the importance of cross-verifying numbers and seeking stakeholder input.

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Can you discuss your experience with change order management?

Outline your experience in managing change orders, detailing the processes you followed for assessing, approving, or rejecting requests. Discuss how you communicated changes to stakeholders and managed any resultant impacts on project timelines and budgets.

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What strategies do you use for value engineering?

Explain your approach to value engineering, including how you identify areas for potential cost reduction without compromising quality. Share real examples of how you've implemented value engineering techniques to enhance project outcomes.

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How do you maintain positive relationships with clients during challenging projects?

Discuss the importance of communication and transparency when working with clients. Illustrate how keeping clients informed, involving them in decision-making, and being proactive about risks helps maintain trust during challenges.

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What is your approach to conducting post-contract reviews?

Describe your systematic approach to conducting post-contract reviews, focusing on how you evaluate performance, identify lessons learned, and propose actionable improvements. Share how these reviews benefit future projects.

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Why do you want to work as an Associate Director, Cost Management at Turner & Townsend?

This is your opportunity to reflect your passion for the role and the firm. Discuss Turner & Townsend's reputation in the industry, projects you admire, and how your skills align with the company’s ethos and project objectives.

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At Turner & Townsend you’ll join an ambitious global team committed to making a difference to the most exciting projects and programmes happening around the world. If you bring your talent, enthusiasm and determination, we’ll help you realise you...

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Full-time, on-site
DATE POSTED
November 28, 2024

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