Cost Manager

JLL supports the Whole You, personally and professionally.
We are looking for a Cost Manager in Madrid.
About JLL
We 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. Achieve your ambitions - join us at JLL
Role Purpose
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.
What this job involves/ Key Responsibilities
**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
**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.
**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.
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 multi-cultural environment in a similar role;
Essential - excellent knowledge of projects construction supply chai