Project Cost Controller

Children's Hospital of Philadelphia - Philadelphia, PA

Full-time - Mid Level

Philadelphia, PA

10,001+ employees

Hospitals

About the position

The Project Cost Controller at Children's Hospital of Philadelphia (CHOP) plays a crucial role in ensuring financial oversight and management of construction projects. This position requires collaboration with project management teams to monitor costs, prepare budgets, and provide financial reporting, all while maintaining a focus on strategic oversight and detailed cost management.

Responsibilities

• Regularly monitor actual project expenditures against the budget and forecast future costs.
• Prepare detailed cost reports and financial summaries for project management and senior management presentations.
• Develop and maintain the project budget, forecasting costs based on historical data and market trends.
• Collaborate with project managers, engineers, architects, and stakeholders to meet cost objectives.
• Use financial modeling to predict project financial performance and analyze variances.
• Identify and assess potential financial risks associated with project delays and cost overruns.
• Continually assess and improve cost control methods and processes.
• Evaluate the financial impact of changes in project scope and incorporate these into forecasting.
• Work with procurement and finance teams to monitor and report on contract commitments.
• Setup and monitor project funding approvals and overall cost reporting.

Requirements

• Bachelor's Degree in finance, accounting, or a relevant field.
• At least three years of experience in construction project or real estate project development cost control.
• Demonstrated project management experience is preferred.
• Minimum of two years of construction project experience is preferred.
• Minimum of two years of financial reporting experience is preferred.
• Outstanding communication skills, both written and verbal.
• Proficiency in financial principles, budgeting, and accounting practices.
• Ability to quickly identify problems and devise practical solutions.

Nice-to-haves

• Certified Construction Manager (CCM) from the Construction Management Association of America (CMAA) is preferred.
• Hospital construction cost control project experience is preferred.

Benefits

• Competitive salary
• Full-time position with 40 hours per week
• Day shift schedule