Cost Control Manager

RXR is an innovative investor, developer and place-maker committed to applying a customer and community-centered approach to building properties, services, and products that create enduring value for all stakeholders. Headquartered in New York with a national platform strategy, RXR is a 500 person, vertically integrated operating and development company with expertise in a wide array of value creation activities, including ground up real estate, infrastructure and industrial development, uncovering value in underperforming properties, repurposing well-located iconic properties, incorporating cutting edge technologies and value-added lending. The RXR platform manages 91 commercial real estate properties and investments with an aggregate gross asset value of approximately $21.2 billion, comprising approximately 30.4 million square feet of commercial properties, a multi-family residential portfolio of approximately 8,000 units under operation or development, and control of development rights for an additional approximately 3,800 multi-family and for sale units as of September 30, 2022. Gross asset value compiled by RXR in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.

The manager is expected to manage, supervise, and coach Development Accountants and focus on the budgetary cost control of ground up development projects, through project management system and preparation of various cost reports, monitoring and analyzing of budget modifications and forecasts. The manager regularly interfaces with project managers and project executives to assist in maintaining accurate, updated information on project costs and budgets.       

Salary Range: $125K-150$K, bonus eligible.

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).

• Review monthly capital calls to lenders and/or equity owners for multiple projects in the portfolio
• Liaise with construction lender to ensure timely and accurate delivery of monthly draw submissions 

• Assist project teams with developing and maintaining project cost control systems and reports  
• Utilize eBuilder and assist in designing and improving the system to streamline cost control, budgeting, and reporting processes
• Ensure budgets are consistent among financial models, capital calls, construction loan draws and management reporting

• Provide and analyze budget reforecasts, cost trend reports and commitments reports
• Ensure that all cost reporting is consistent, timely and reflective of the most up-to-date information from the development team
• Ensure costs spend align with approved budget and commitments.
• Review and approve, in detail, construction contracts, consultant contracts, commitments and change orders
• Manage and coach Development Accountant team members
• Review work products of Development Accountants to ensure the accurate and timely reporting of job costs. 
• Liaise with and support Asset Management and Project Management to ensure consistent reporting of all project related financial information

• Bachelor’s Degree in Accounting
• Real Estate Industry Experience
• 5 years related experience required
• Fluent in construction and development real estate
• Experience with Timberline and Timberscan
• Proficiency with standard suite of Microsoft Office applications, advanced Excel required Excellent organizational and presentation skills 

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RXR is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law. 

Salary : $21 - $125,000