Vice President, Project Controls

About the role

We are seeking someone to join our Real Estate team as a Vice President, Project Controls to lead Project Controls responsibilities for our Dallas development project.

The Project Controls Manager will play a critical leadership role in safeguarding the successful delivery of a large-scale development project by maintaining rigorous oversight of schedule, budget, cost forecasting, risk management, and change control throughout the project lifecycle.

On a complex 700,000-square-foot development valued at approximately $1.3 billion, this role serves as the central point of accountability for ensuring that project objectives are achieved within approved financial and timeline constraints.

In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role

• Collaborate with global stakeholders across Dallas project support the monthly/quarterly update.
• Be accountable for receiving and verifying Capital Management deliverables (cost estimate/report, change order assessment etc.) and independent cost verification by the Project Controls team to align with project requirements, regional codes & standards.
• Undertake commercial evaluation of program requirements and design information throughout the project life cycle versus approved budget of project to develop 'gap report' and collaborate with Capital Project Management teams for potential solutions.
• Evaluate construction industry trends (technologies, supply chain etc.) and indices (inflation, commodity prices etc.) and its impact on the project.
• Accountable for financial forecast reports (dashboards, program/project/regional reports).
• Partner with Capital Management teams, Financial Controllers Group and Legal Entity Controllers for capitalization / accounting, capital planning and with Accounts Payable for vendor invoices/payments management of capital projects.
• Manage talent development, training and succession planning within the reporting team.
• Encourage a culture of continuous improvement within the reporting team, identity & develop opportunities to enhance efficiency & effectiveness.
• Collaborate with global stakeholders throughout the project lifecycle.
• Communicate clearly & effectively (both written & verbal) to reporting teams, Leadership, Capital Management teams, Finance and other stakeholders.
• Clear articulation of messages to Leadership and attention to detail with team.
• Ensure delivery partners meet safety, quality, budget, and schedule requirements.

What you'll bring to the role

• 15+ years of experience in managing end-to-end Cost Controls responsibilities as an Owner for Corporate Real Estate capital project portfolio, major capital programs and driving capital efficiencies in a global organization.
• Capability in managing Cost Controls responsibilities for major capital programs in a country different from the base working location.
• Experience in pre-contract (cost planning, benchmarking, design validation, risk management, procurement etc.), post-contract (change control management, cost reporting, process audits etc.), process audits (internal/external), capitalization/financial closure aspects of Real Estate projects / major capital programs.
• Proven knowledge of global construction practices, trends & cost indices, accounting standards & policies.
• Ability to undertake data analytics of historical cost information, capital plan and preparation of MIS reports at global/regional levels.
• Proficiency in management reporting, cost estimation, benchmarking, cost data analytics and process optimization.
• Effective communication, problem solving and strong interpersonal skills.

Additional information

The position's work location will be 1445 Ross Ave, Dallas, TX 75202 at a future date. The role may begin remotely until the office location becomes available. In-Person interviews will be required for the role.

What You Can Expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years.

Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.

At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences.

We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

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Pay and benefits

Expected base pay rates for the role will be between $135,000 and $165,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.