Cost Risk Manager. Job in Lehi Allied-IT Jobs - MSR-FSR

Description

JOB TITLE: Cost Risk Manager

SUMMARY: MSR-FSR is seeking a skilled Cost Risk Manager to oversee and manage financial risks associated with our engineering and construction projects in Lehi, Utah. The Cost Risk Manager will be integral in ensuring projects remain within budget while aligning with MSR-FSR's strategic objectives. This role requires proactive management of financial risks, cost forecasting, and budget management, with a strong emphasis on understanding market trends and local labor conditions to optimize resource allocation and project execution.

DUTIES AND RESPONSIBILITIES:

• Develop and maintain a cost risk management framework tailored to the specific requirements of high-tech construction projects, adhering to industry standards and ISO 31000 principles.
• Conduct detailed risk assessments that encompass potential cost overruns, supply chain logistics, labor costs, and contractual liabilities, with a particular focus on the dynamics of the local labor market and material supply chain.
• Collaborate with engineering, procurement, and construction teams to proactively identify financial risks, emphasizing the impact of market fluctuations and local economic conditions on project costs.
• Manage and refine cost control systems to ensure accurate tracking, forecasting, and reporting of project finances, incorporating insights from local market and labor analysis.
• Prepare comprehensive risk analysis and financial reports for senior management, illustrating potential impacts on project budgets and timelines, with an analysis of local and global market trends that could affect project delivery.
• Develop and implement contingency strategies to address financial uncertainties, ensuring projects adhere to budgetary constraints and timelines.
• Provide strategic financial advice to optimize cost efficiencies and project outcomes, considering the local labor market and material availability.
• Promote a culture of financial risk awareness and proactive management across project teams.
• Stay informed of market trends, economic factors, and regulatory changes, both locally and nationally, that could impact project costs or logistics.
• Continuously enhance cost risk management practices based on evolving market conditions, project feedback, and industry developments.

POSITION REQUIREMENTS:

• Must have general understanding of construction sequencing using the latest construction industry standards.
• Must be familiar with utilities infrastructure in an industrial environment.
• Must be able to work in an ambiguous environment.
• Must be in the field during the time trades are working, to enable immediate issue resolution in the field, escalate issues to superiors as appropriate.
• Must have previous semiconductor, high-tech, or industrial construction experience.
• A BS in Construction Management is preferred or 5+ years direct semiconductor trades and construction experience.

Qualifications:

• Bachelor's degree in Finance, Engineering, Construction Management, or a related field. Master's degree or relevant certifications (e.g., CCP, PMP) preferred.
• Minimum of 5 years of experience in cost management or risk management within the construction or engineering sectors, with a preference for experience in high-tech environments.
• Deep understanding of the semiconductor industry and the specific challenges of construction projects in this sector.
• Proficiency in advanced financial modeling tools and project management software.
• Knowledge of legal and regulatory frameworks pertinent to construction in Utah.

Skills:

• Exceptional analytical and problem-solving abilities.
• Strong leadership and team management skills.
• Effective communication and interpersonal skills, crucial for liaising with various stakeholders and project teams.
• High level of professionalism and ethical standards.
• Resilience and adaptability in a dynamic project environment.

COMPETENCIES:

• Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
• Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
• Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
• Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.
• Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
• Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.
• Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
• Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
• Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.
• Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.
• Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.
• Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
• Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.
• Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
• Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
• Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
• Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
• Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
• Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
• Safety and Security - Observes safety and security procedures; Determines appropriate action beyond guidelines; Reports potentially unsafe conditions; Uses equipment and materials properly. Promotes a cooperative Safety Team environment culture of mutual support.
• Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
• Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
• Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Occasionally (less than 1/3 of the job)
• Frequently (1/3 to 2/3 of the job)
• Continually (more than 2/3 of the job) . click apply for full job details