Overview
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
