Cost Manager

JLL supports the Whole You, personally and professionally.

Our people at JLL are shaping the future of real estate for a better world by combining world-class services, advisory, and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and personalized benefits to manage life in and outside of work. Whether you’ve got deep experience in commercial real estate, skilled trades, and technology, or you’re looking to apply your relevant experience to a new industry, we empower you to shape a brighter way forward so you can thrive professionally and personally.

We are looking for a Cost Manager in Madrid.

The PMO (Project Management Office) Cost Manager is responsible for capex, cost control, and financial management within the project management function. They play a critical role in ensuring that projects are delivered within the approved budget. The Cost Manager collaborates with project teams, finance teams, and stakeholders to develop accurate cost estimates, track project expenses, conduct financial analysis, and provide recommendations to optimize project costs.

1. Cost Estimation and Budgeting:
   Collaborate with project teams and stakeholders to establish project budgets. Regularly review and update project budgets based on actual costs and cost forecasts. Develop accurate and detailed project cost estimates during the planning phase managing the following project processes: Prepare capex cost estimates for spend approval during scope definition, according to best practices ensuring a high-quality estimate. Measurement of quantity and scope for each project using design information. Produce the Bill of Quantities (BoQ) and review and audit bills of quantities or other pricing documents prepared by others. Identify lower-cost scope alternatives and value engineering proposals to ensure that the final solutions adopted are within the overall approved costs. Reviewing risk assessments, design, and Technical Due Diligence provided by others. Market cost benchmarking and analysis. Collaborate with program managers, engineers, architects, clients, stakeholders, and contractors on estimates.
2. Cost Control and Monitoring:
   Monitor project expenses and ensure they align with approved budgets. Identify cost-saving opportunities and suggest measures to optimize spending. Implement effective cost management processes and controls.
3. Financial Analysis and Reporting:
   Analyse project costs, variances, and trends to provide valuable insights and recommendations. Prepare financial reports and presentations for the client and project stakeholders. Conduct financial risk assessments and provide mitigation strategies.
4. Sourcing and Tendering Process:
   Cooperate and support the procurement team on commercial bid revision and during the tender clarification stage. Provide a construction cost normalization and comparison tender recommendation report (TRR). Lead any commercial clarifications with bidders on resource, prelims, and construction package levels. Prepare recommendations for the Client´s approval.
5. Vendor and Contract Management:
   Collaborate with procurement and contract management teams to negotiate favorable contracts and pricing. Evaluate vendor invoices and ensure accuracy and compliance with contract terms. Identify cost reduction opportunities related to vendor contracts.
6. Stakeholder Collaboration:
   Work closely with project managers and teams to ensure cost considerations are integrated into project planning and decision-making processes. Collaborate with finance teams to align project budgets and financial forecasts.
7. Continuous Improvement:
   Stay updated with industry best practices and emerging trends in project cost management. Identify opportunities for process improvements and implement relevant measures. Drive efficiency and cost-effectiveness in project management processes. Develop and maintain global cost planning guidelines and templates for a consistent approach to capex estimating. Standardisation of the methodologies and results according to industry best practices, simplify the capex estimate to reflect the cost categories that the client typically observes money being spent on. Benchmarking data collection and analysis to help strategic decisions based on costs and benefits.

Every day is different, and in all these activities, we would encourage you to show your ingenuity.

Experience
Essential – Bachelor’s degree in building engineering, quantity surveying, and/or MEP engineering discipline. Minimum of 3 years´ experience of working for a consultant or general contractor, preferably in a multi-cultural environment in a similar role; Essential – excellent knowledge of projects construction supply chain. Desirable – MCIOB / RICS professional qualification.

Skills
Excellent English written skills required to give the background of the project and its impact on the costs; identify the main risks; explain the benchmark cost including any deviations, list the basis of costs, assumptions, and exclusions; Liaison with JLL’s other PMO client account teams to gather best practice and cost benchmark data; Provide help, support, tools, and procedures to JLL’s Project Managers regarding project cost proposals and benchmarking; Strong analytical ability and attention to detail, facilitation and presentation skills; Proficiency with Microsoft Office Suite, including Word, Excel, and PowerPoint; Ability to manage multiple work assignments simultaneously, manage multiple or conflicting priorities, and handle a high-pressure working environment; Able to work with a team and independently, have experience in working with remote teams and stakeholders; Excellent numerical, commercial, and financial acumen; All additional duties commensurate to the level of the role.

You will join an entrepreneurial, inclusive culture. One where we succeed together – across the desk and around the globe. Where like-minded people work naturally together to achieve great things. Our Total Rewards program reflects our commitment to helping you achieve your ambitions in career, recognition, wellbeing, benefits, and pay. We will offer you a competitive salary and benefits package. Join us to develop your strengths and enjoy a fulfilling career full of varied experiences. Keep those ambitions in sight and imagine where JLL can take you... Apply today

If this job description resonates with you, we encourage you to apply even if you don’t meet all of the requirements below. We’re interested in getting to know you and what you bring to the table

Personalized benefits that support personal well-being and growth:

JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical, and emotional health.

We’re JLL—a leading professional services and investment management firm specializing in real estate. We have operations in over 80 countries and a workforce of over 102,000 individuals around the world who help real estate owners, occupiers, and investors achieve their business ambitions. As a global Fortune 500 company, we also have an inherent responsibility to drive sustainability and corporate social responsibility. That’s why we’re committed to our purpose to shape the future of real estate for a better world. We’re using the most advanced technology to create rewarding opportunities, amazing spaces, and sustainable real estate solutions for our clients, our people, and our communities.

Our core values of teamwork, ethics, and excellence are also fundamental to everything we do and we’re honored to be recognized with awards for our success by organizations both globally and locally. Creating a diverse and inclusive culture where we all feel welcomed, valued, and empowered to achieve our full potential is important to who we are today and where we’re headed in the future. And we know that unique backgrounds, experiences, and perspectives help us think bigger, spark innovation and succeed together.