The Cost Manager will oversee project financial planning, forecasting, and budgeting for a large manufacturing project while collaborating with project teams to ensure adherence to financial standards and practices.
Position Summary
PMA is currently seeking a Cost Manager for an exclusive assignment. In this role, you will perform project financial planning, administration, and forecasting duties in support of a large capital manufacturing project. As a key member of the project management team, you will produce periodic budgets and reports, such as project performance against projections, and present your analysis to stakeholders, including executives. You will analyze accruals, invoices, variances, and cost accounting for materials and labor, and develop and implement standard cost processes and practices to ensure design and construction projects are performed within approved budgets.
Organizational Responsibilities
- Collaborate with the project team to transition the project estimate into a cost control budget that aligns with the client’s standard breakdown structure.
- Work with the project scheduler to integrate cost and schedule.
- Use EVM delivered from the schedule to determine the percent completed by CBS.
- Assist the project manager in financial analysis, budgeting, and reporting for the project, including the preparation of monthly reports.
- Report on productivity and cost-tracking metrics.
- Lead or participate in cost review meetings with the project manager and project team.
- Complete ad‐hoc analysis to gauge the financial impact of various project actions.
- Validate change orders and keep the project manager informed of the status and impacts of changes.
- Confirm contractor progress billings are representative of progress in the field.
- Provide the project team with a weekly report of project cost information, including variance analyses, providing explanations of significant cost drivers.
- Deliver cost, time, and labor forecasts, equipment and material projections, and productivity trend reporting.
- Assist the project team in closing out the project and validating final costs for inclusion in the client’s historical database.
- Other duties as assigned.
Position Qualifications
- Bachelor's degree in engineering, project/ construction management, or a related field required.
- 10+ years’ experience in project controls, cost control, or a similar role required.
- Strong knowledge and proficiency in project management methodologies, schedule and cost control tools, and software required.
- Excellent written and verbal communication ability, coupled with the ability to work as part of a fast-paced team required.
- Excellent analytical and problem-solving skills required.
- Strong leadership and interpersonal skills required.
- Ability to work collaboratively in a team environment is required.
- Excellent communication and presentation skills required.
- Strong organizational and time management abilities required.
- Attention to detail and accuracy required.
- Proficiency with computer applications, including Microsoft Office and SAP required.
- Experience in Contruent or similar cost management platforms is preferred.
Additional Requirements
Physical: Standing or sitting for long periods; must be able to lift up to 15 pounds at times and spend extended hours in front of a computer screen.
Cognitive: Problem-solving, written, and verbal communication skills; computer and software skills; and ability to read and interpret text online or in printed form.
About PMA
At PMA, employee well-being is a daily priority. We offer a combination of workplace options that include a PMA office location; work-from-home; or a client site. Wherever we work, we openly share knowledge as we believe that collaboration with peers improves our work product and that pursuing subject matter expertise is a lifelong endeavor.
We are committed to a culture of equity, diversity, and inclusion. We affirm and respect diverse backgrounds and opinions because we believe they yield the best solutions for our clients. We promote emotional intelligence and trust by nurturing these values within our new hires.
We encourage staff to develop rewarding, long-term careers at PMA, and we implement formal leadership development programs that help you attain your goals. At PMA, shared success is a core value. Every employee who contributes is recognized, celebrated, and rewarded. We look for self-driven candidates eager to assume responsibility and join a community of respect founded on collaboration and accountability, not titles. If you aim to transform the project management practice toward continuous improvement of project outcomes, the profession, and yourself, PMA looks forward to warmly welcoming you to our team.
We offer competitive pay and benefits, wellness programs for you and your family, and career development opportunities to advance your professional goals.
As a PMA professional, you will be empowered to make timely and effective decisions and significant daily contributions to complex facets of project delivery. Join a team that has achieved a world-class reputation in the construction industry and has been voted a “Best Place to Work.”
PMA offers competitive wages and comprehensive benefits, including medical, prescription, dental, vision, time off with pay, 401(k) with company match, life, disability, and professional development reimbursement for qualifying employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity, or gender expression), disability, national origin, or any other characteristic protected by applicable laws, regulations, and ordinances. Qualified female and minority applicants are encouraged to apply.
EOE, including persons with disabilities and veterans.
VEVRAA federal contractor.
Top Skills
Contruent
MS Office
SAP
Similar Jobs
Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
Lead strategic sourcing initiatives for IT categories, manage vendor negotiations, collaborate with internal teams, and analyze proposals for cost efficiency.
Top Skills:
CloudExcelPower BISaaSSap AribaServicenowSoftwareTelecomZip
Computer Vision • Healthtech • Information Technology • Logistics • Machine Learning • Software • Manufacturing
The Sourcer will support Dandy's Operations team by sourcing candidates, developing strategies for diverse talent, and managing the candidate pipeline effectively.
Top Skills:
Data-Driven Decision MakingSourcing Strategies
Aerospace • Artificial Intelligence • Computer Vision • Software • Analytics • Defense • Big Data Analytics
Lead strategic enterprise sales for geospatial and mapping SaaS solutions, driving growth and building high-value partnerships with major technology companies.
Top Skills:
Geospatial ApisSaaSSalesforce
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
