Director, Cost Strategy

Responsibilities

• Develop a historical cost database and reporting dashboards for key KPIs.
• Coordinate with all functional groups for the implementation of a Global Work Breakdown Structure (WBS).
• Develop and implement cost fidelity strategies in preconstruction, setting up all projects to track and control project costs effectively.
• Regularly review budgets at the portfolio level and provide detailed cost reports to project stakeholders.
• Initiate and lead initiatives to identify and implement cost-saving measures across all phases of the project lifecycle.
• Cross-functionally coordinate with experts in various STACK BOD categories to develop ideas for cost savings.
• Lead research and development efforts for a cost- and schedule-first approach to product development.
• Drive decision making on cost savings ideas by managing a group of stakeholders.
• Analyze cost data and trends to develop innovative strategies for cost reduction while maintaining high-quality standards.
• Collaborate with vendors, suppliers, and contractors to negotiate favorable terms and pricing.
• Monitor and report on the effectiveness of cost reduction efforts, adjusting strategies as needed.

Requirements

• Cost Fidelity: Develop a historical cost database and reporting dashboards for key KPIs.
• Implement cost fidelity strategies in preconstruction, setting up all projects to track and control project costs effectively.
• Review budgets at the portfolio level and provide detailed cost reports to project stakeholders.
• Identify and implement cost-saving measures across all phases of the project lifecycle.
• Develop and lead cross-functional teams to develop ideas for cost savings.
• Manage a group of stakeholders to drive decision making on cost savings ideas.
• Analyze cost data and trends to develop innovative strategies for cost reduction while maintaining high-quality standards.
• Negotiate favorable terms and pricing with vendors, suppliers, and contractors.
• Monitor and report on the effectiveness of cost reduction efforts, adjusting strategies as needed.
• Establish and maintain contingency plans to address potential cost uncertainties.
• Work closely with general contractors (GCs) to develop and implement strategies for locking in costs earlier in the development process with less information.

Qualifications

• Detail-oriented.
• Strong analytical, creative thinking, and communications skills.
• Ability to execute, process, and prioritize tasks with minimal-to-no supervision.
• Ability to manage multiple projects and collaborate with internal staff, and external consultants, vendors, and other stakeholders.
• Proficient in Microsoft Office product suite, Bluebeam, OnScreen Takeoff and industry standard estimating and scheduling softwares.

Compensation

Compensation Range: $192,920.00 - $216,240.00

Why STACK?

• Competitive compensation package with strong benefits, including medical, dental, and vision insurance, a 401K program, flexible spending accounts, and a cell phone subsidy.
• Fosters a culture of appreciation, including peer-to-peer recognition and rewards programs.
• Fun is part of our DNA, with events, game nights, happy hours, and barbecues.
• We are growing – this is a great time to join and make an impact!

About the Role

This position is responsible for owning and managing the core functions of improving lifecycle cost through various channels. The Director of Cost Strategies works closely with the Director of Preconstruction to ensure cost fidelity, implement cost reduction strategies, and ensure cost certainty throughout the project lifecycle.