Cost Manager PDS Projects

Jones Lang LaSalle Incorporated; Madrid; On-site; EUR 60,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Benefits package

Equal Opportunity Employer

Job summary

Jones Lang LaSalle Incorporated in Madrid is seeking a Cost Manager in Project & Development Services to lead capex cost estimates, budgeting and cost control across a portfolio including office fit-out, hospitality and retail. You will ensure projects stay within approved budgets and collaborate with project teams, finance and stakeholders.

This on-site role in Madrid offers a path to influence major real estate initiatives, deliver accurate financial analysis, prepare reports for clients, and

Qualifications

• Capex cost estimation and budgeting experience.
• Cost control and monitoring abilities.
• Financial analysis and reporting skills.
• Vendor management and tendering know-how.
• Stakeholder collaboration across project teams and finance.

Responsibilities

• Estimate and manage project costs and budgets.
• Monitor expenses and align with approved budgets.
• Prepare financial reports and variance analyses.
• Support procurement with bid reviews and contract clarifications.
• Collaborate with project managers, engineers and clients to optimize costs.
• Drive cost planning improvements and standardization.

Skills

Cost estimation

Budgeting

Cost control

Financial analysis

Sourcing & tendering

Vendor & contract management

Stakeholder collaboration

Continuous improvement

Job description

JLL empowers you to shape a brighter way. Our people at JLL 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.

Cost Manager, Project & Development Services (PDS)

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 Cost Manager is responsible for capex, cost control and financial management across a diverse portfolio of projects within Project & Development Services, including office fit-out, hospitality and retail. The role ensures projects are delivered within approved budgets, collaborating with project teams, finance teams and stakeholders to develop accurate cost estimates, track project expenses, conduct financial analysis and recommend ways to optimize project costs.

Key Responsibilities

• Cost Estimation and Budgeting
  • Collaborate with project teams and stakeholders to establish project budgets.
  • Regularly review and update budgets based on actual costs and forecasts.
  • Develop accurate, detailed cost estimates during the planning phase, managing the following processes:
    • Prepare capex cost estimates for spend approval during scope definition, following best practice to ensure a high-quality estimate.
    • Measure quantities and scope from design information; produce the Bill of Quantities (BoQ) and review and audit BoQs or other pricing documents prepared by others.
    • Identify lower-cost scope alternatives and value engineering proposals so that final solutions stay within approved budgets.
    • Review risk assessments, design and technical due diligence provided by others.
    • Carry out market cost benchmarking and analysis across sectors and locations.
    • Collaborate with project and program managers, engineers, architects, designers, clients, stakeholders and contractors on estimates.
• Cost Control and Monitoring
  • Monitor project expenses and ensure alignment with approved budgets.
  • Identify cost-saving opportunities and propose measures to optimize spending.
  • Implement effective cost management processes and controls.
• Financial Analysis and Reporting
  • Analyse project costs, variances and trends to provide insights and recommendations.
  • Prepare financial reports and presentations for clients and project stakeholders.
  • Conduct financial risk assessments and provide mitigation strategies.
• Sourcing and Tendering
  • Support the procurement team in commercial bid review and tender clarification.
  • Provide a construction cost normalization and comparison tender recommendation report (TRR).
  • Lead commercial clarifications with bidders at resource, preliminaries 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 in vendor contracts.
• Stakeholder Collaboration
  • Work closely with project managers and teams to integrate cost considerations into project planning and decision-making.
  • Collaborate with finance teams to align project budgets and financial forecasts.
• Continuous Improvement
  • Stay up to date with industry best practices and emerging trends in project cost management.
  • Identify and implement process improvements that drive efficiency and cost-effectiveness.
  • Develop and maintain cost planning guidelines and templates for a consistent approach to capex estimating.
  • Standardize methodologies and outputs in line with industry best practice, simplifying estimates to reflect the cost categories clients typically track.
  • Collect and analyse benchmarking data to support strategic decisions based on costs and benefits.

What you can expect from us

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.

Location: On-site - Madrid, ESP

Jones Lang LaSalle ("JLL") is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.