Director, Cost Management

Job Type: Full-Time | Location: Texas | Department: Data Center Delivery | Reporting to: SVP, Data Center Delivery | Work Location Type: #remote

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.

The Director, Cost Management is a strategic financial and operational leader responsible for safeguarding the financial health and capital efficiency of IREN’s entire data center portfolio. This role owns end-to-end financial governance – from initial project estimation and quantitative risk analysis through to vendor billing control and change order management – across our West Texas and Oklahoma campuses and the wider development pipeline.

With 100% renewable energy, we build, own and operate our data centers and take pride in being at the forefront of sustainable solutions for the ever-evolving applications of high-performance compute. We believe that human progress is invaluable, but it should be done in the right way – responsibly, sustainably and having a positive impact on the communities we operate in.

• Post secondary education in a relevant field such as Construction Management, Quantity Surveying, Finance, Civil Engineering or a related discipline; a Master’s degree and/or CEP, PMP, RMP or AACE CCP/EVP certification is strongly preferred
• 12+ years of progressive financial and commercial management experience, with a heavy emphasis on mission-critical facilities, hyperscale data centers, or large-scale global capital construction programs
• Deep proficiency in cost engineering, quantitative risk analysis methodologies, earned value management (EVM) and capital forecasting
• Demonstrated ability to build estimation frameworks from conceptual design through closeout, and to set and defend contingency and reserve positions with quantitative evidence
• Extensive experience negotiating complex vendor contracts, managing multi-million-dollar billing pipelines, and arbitrating high-value change orders
• Proven track record of building, mentoring and leading distributed, cross-regional teams in high-growth environments
• Command of cost management, ERP and project management platforms (for example Procore, Kahua, Oracle Unifier, SAP or similar) and reporting tools such as Power BI
• Working knowledge of data center capital cost structure, including shell versus fit-out, long-lead equipment pricing and cost per MW benchmarking
• Highly proficient in MS Office specifically; Word, Excel, PowerPoint, Visio, SharePoint, and Outlook
• Strong written and oral communication skills and the ability to interact effectively with executive leadership, service providers and potentially members of the community
• Thorough research and problem-solving skills, with the commercial judgement to hold a position under pressure from contractors and internal stakeholders
• Superior time management and multitasking skills with a strong sense of urgency
• Passionate and confident individual with demonstrated organization, prioritization and critical thinking skills
• Experience with problem solving in complex projects that have a company-wide impact
• Willingness to be based within commutable distance of our West Texas or Oklahoma operations and to travel across the portfolio as required

Budget & Cost Control

Manage and track comprehensive project budgets and integrated project costs across all data center initiatives, ensuring precise financial forecasting and variance reporting.

Estimation & Modeling

Stand up robust, standardized project estimation frameworks for greenfield and brownfield builds, providing accurate baseline costs from early conceptual design through to final closeout.

Quantitative Risk Analysis

Perform sophisticated quantitative cost risk analyses, including Monte Carlo simulation and contingency modeling, to establish realistic project reserves and buffer against market volatility.

Vendor Billing & Financial Governance

Oversee all vendor and contractor billing cycles, ensuring strict alignment against approved contract values, milestone progress and budget thresholds.

Change Order Management

Establish and lead a rigorous review, tracking and approval process for all project change orders to mitigate scope creep and control cost escalation.

Standards, Processes & Compliance

Define and institutionalize enterprise-wide cost management standards, governance frameworks and best practices to ensure audit readiness and regulatory compliance.

Talent Acquisition & Team Building

Hire, mentor and scale a high-performing cost management team distributed across multiple regions, establishing a unified culture of financial accountability.

Capital Forecasting & Executive Reporting

Partner with Finance and FP&A on capex phasing, cash flow forecasting and earned value reporting, and present cost health, contingency drawdown and capital efficiency metrics to executive leadership and the Board.

Commercial & Procurement Support

Support Procurement and Supply Chain on contracting strategy, pricing and commercial terms for long-lead equipment such as transformers, switchgear, generators and cooling plant.

Benchmarking & Capital Efficiency

Build and maintain unit-cost benchmarks across the portfolio, including cost per MW and cost per kW of critical load, and use them to drive value engineering and challenge estimates.

Systems & Data Integrity

Own the cost management toolset and its integration with ERP and project management platforms, ensuring a single, auditable source of truth for project cost.

At IREN, we offer a highly competitive compensation package that includes base salary, annual performance incentives, and opportunities to build long-term wealth through equity programs. These offerings are part of our broader total rewards package, thoughtfully designed to support your health, well-being, and long-term success.

Compensation

• Actual compensation will be determined based on factors such as experience, qualifications, and market data for the region.
• Total Compensation package may be inclusive of short-term and long-term incentives.

Relocation Package

Health & Wellness

• Medical, dental, and vision insurance coverage – 100% company paid for employees, 75% company paid coverage for dependents
• Company-paid life and disability insurance
• Voluntary life, critical illness, and accident coverage available
• Health Savings Accounts (HSA) – when combined with the High-Deductible Health Plan
• Employee Assistance Program and wellness resources

Financial Well-Being

• 401(k) retirement plan with company match
• Financial wellness tools and resources

Time Off & Flexibility

• Paid Time Off (PTO) and paid holidays
• Flexible work arrangements

Growth & Development

• Opportunities for advancement and internal mobility
• Training and personal development opportunities

Lifestyle & Culture

• Company events and team-building activities

We value diverse perspectives and believe that skills can be developed. If you’re passionate about this role, we want to hear from you — whether you meet every criteria or not. Your unique experiences might be exactly what we need!

IE US Operations Inc., the employing entity and proud member of the IREN group is an equal opportunity employer that is committed to creating an inclusive workplace. We are committed to evaluating qualified applicants and do not discriminate against protected characteristics under applicable legislation.

We participate in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. E-Verify Participation Notice.

By applying for this position and submitting your resume and application materials, you consent to the processing of your personal information in accordance with our Job Applicant Privacy Statement available on our website at www.iren.com.