Cost Manager - Data Centers Apply remote type On-site locations Madrid, ESP time type Full time posted on Posted 2 Days Ago job requisition id REQ389153
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We are looking for a Cost Manager in Madrid. 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 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 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: 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 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 us You will join an entrepreneurial, inclusive culture.
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Location: On-site – Madrid, ESP
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