Cost Manager

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Job Title: Cost Manager
Reporting to: Property Delivery Lead
Location: London

Summary
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

Qualifications
Minimum 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

Ability to communicate commercial subjects to non-commercial stakeholders and team members
Ability to produce detailed commercial reports and financial analysis
Expertise in managing commercial change processes and promoting cost optimisation best practice

Location:

If this job description resonates with you we encourage you to apply even if you dont meet all of the requirements. Were interested in getting to know you and what you bring to the table!

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