At a Glance
- Tasks: Manage costs and optimise commercial relationships for maximum value in property management.
- Company: Royal London Asset Management, a leader in asset management with a focus on excellence.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Join a dynamic team dedicated to continuous improvement and innovation.
- Why this job: Make a real impact by driving cost efficiency and enhancing operational excellence.
- Qualifications: 7+ years in cost management or procurement, with relevant professional qualifications.
The predicted salary is between 60000 - 80000 £ per year.
The Cost Manager is responsible for managing commercial excellence and cost optimisation across the Royal London Asset Management (RLAM) portfolio. The role ensures that maximum value for money is achieved while maintaining operational service standards, so that the portfolio operates at peak commercial efficiency.
Purpose: The Cost Manager ensures that all commercial activities and supplier relationships deliver optimal value whilst supporting the operational objectives of the TSM and SSM teams. The role requires effective management of commercial relationships, procurement processes, and cost analysis to deliver services within agreed budgets while identifying continuous improvement opportunities.
Responsibilities:
- Provide specialist commercial advice and cost optimisation strategies to support operational excellence.
- Ensure procurement regulations, commercial compliance, and best practice procurement standards are delivered.
- Foster and develop commercial relationships between the Property Delivery management team, suppliers, and stakeholders to create optimal value delivery.
- Effectively manage commercial aspects of supplier relationships including cost performance monitoring and contract optimisation.
- Conduct regular commercial reviews and ensure cost performance indicators and financial reports are completed accurately and promptly.
- Ensure all contracts deliver value within agreed budgets and continuously seek cost reduction opportunities.
- Lead in commercial analysis for the portfolio at individual building level, ensuring optimal cost performance is achieved and reported.
- Contribute to the development of commercial frameworks and cost management platforms through data analysis and commercial insight.
- Provide commercial expertise for newly completed buildings and ensure cost-effective transition into operational management.
- Ensure commercial compliance and cost optimisation for special projects and customer requirements.
Minimum requirements:
- 7+ years of experience in commercial property cost management or specialist procurement role.
- Professional membership of RICS, CIPS, or equivalent commercial qualification.
- Proven track record of delivering measurable cost savings and commercial improvements.
Cost Manager in City of Westminster employer: JLL
Royal London Asset Management is an exceptional employer that prioritises professional growth and a collaborative work culture, making it an ideal place for a Cost Manager to thrive. With a strong focus on commercial excellence and cost optimisation, employees are empowered to drive meaningful change while enjoying a supportive environment that values innovation and continuous improvement. Located in a vibrant area, the company offers competitive benefits and opportunities for career advancement, ensuring that every team member can achieve their full potential.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Manager in City of Westminster
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like JLL.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Cost Manager in City of Westminster
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to JLL:Your cover letter should read like you’re chatting directly to JLL. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like JLL.
How to prepare for a job interview at JLL
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at JLL!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at JLL. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into JLL's culture.
