.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. 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. 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 the procurement team on commercial bid revision and during the tender clarification stage