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
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• 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 don’t meet all of the requirements.  We’re interested in getting to know you and what you bring to the table!

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