Cost Manager

JLL empowers you to shape a brighter way. Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you've got deep experience in commercial real estate, skilled trades or technology, or you're looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward. We are currently recruiting for a PMO Cost ManagerAbout JLLWe are JLL. We are a professional services and investment management firm specializing in real estate. We help organizations around the world achieve their ambitions by owning, occupying and investing in real estate.If you are looking to step up your career, JLL is the perfect professional home. At JLL, you will have a chance to innovate with the world's leading businesses, put that expertise into action on landmark projects, and work on game-changing real estate initiatives. You will also make long-lasting professional connections through sharing different perspectives, and you will be inspired by the best. We are focused on opportunity and want to help you make the most of yours.Role PurposeThe 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.What this job involves/ Key ResponsibilitiesCost 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 estimateMeasurement 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 othersMarket cost benchmarking and analysisCollaborate with program managers, engineers, architects, clients, stakeholders and contractors on estimatesCost 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.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.Sourcing and tendering process:Cooperate and support 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.Vendor and Contract Management:Collaborate with procurement and contract management teams to negotiate favourable contracts and pricing.Evaluate vendor invoices and ensure accuracy and compliance with contract terms.Identify cost reduction opportunities related to vendor contracts.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.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 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 client typically observes money being spent on.Benchmarking data collection and analysis to help strategic decisions based on costs and benefits.Sound like you? To apply you need to be: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 multi-cultural environment in a similar role;Essential – excellent knowledge of projects construction supply chain.SkillsExcellent 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 Power Point;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.What you can expect from usYou 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 sights and imagine where JLL can take you...Apply today #LI-TG1 Location:Remote –Madrid, ESP JLL empowers you to shape a brighter way. Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you've got deep experience in commercial real estate, skilled trades or technology, or you're looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward. JLL es una empresa comprometida con la igualdad de oportunidades entre hombres y mujeres / JLL as a company is committed to equal opportunities for men and women. We are currently recruiting for a PMO Cost ManagerAbout JLLWe are JLL. We are a professional services and investment management firm specializing in real estate. We help organizations around the world achieve their ambitions by owning, occupying and investing in real estate.If you are looking to step up your career, JLL is the perfect professional home. At JLL, you will have a chance to innovate with the world's leading businesses, put that expertise into action on landmark projects, and work on game-changing real estate initiatives. You will also make long-lasting professional connections through sharing different perspectives, and you will be inspired by the best. We are focused on opportunity and want to help you make the most of yours.Role PurposeThe 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.What this job involves/ Key ResponsibilitiesCost 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 estimateMeasurement 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 othersMarket cost benchmarking and analysisCollaborate with program managers, engineers, architects, clients, stakeholders and contractors on estimatesCost 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.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.Sourcing and tendering process:Cooperate and support 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.Vendor and Contract Management:Collaborate with procurement and contract management teams to negotiate favourable contracts and pricing.Evaluate vendor invoices and ensure accuracy and compliance with contract terms.Identify cost reduction opportunities related to vendor contracts.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.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 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 client typically observes money being spent on.Benchmarking data collection and analysis to help strategic decisions based on costs and benefits.Sound like you? To apply you need to be: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 multi-cultural environment in a similar role;Essential – excellent knowledge of projects construction supply chain.Desirable – MCIOB / RICS professional qualification.SkillsExcellent 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 Power Point;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.What you can expect from usYou 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 sights and imagine where JLL can take you...Apply today #LI-TG1 Location:Remote –Madrid, ESPIf this job description resonates with you, we encourage you to apply even if you don't meet all of the requirements. We're interested in getting to know you and what you bring to the table JLL Privacy Notice Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL's recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our Candidate Privacy Statement . For additional details please see our career site pages for each country. For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here . Jones Lang LaSalle ("JLL") is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may contact us at Accommodation Requests . This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.
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