Assistant Cost Manager

Posted 4 Days Ago
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Hyderabad, Telangana, IND
In-Office
Junior
Real Estate • Financial Services
There's the conventional way. And there's the JLL way. A more innovative, intelligent way. See a brighter way.
The Role
Support cost management across project lifecycle: develop cost plans, BOQs, quantity surveying, change management, vendor commercial finalization, cost reporting and forecasting, invoice validation, procurement support, and liaison with project teams to control budgets and deliver client requirements.
Summary Generated by Built In

JLL empowers you to shape a brighter way.  

Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong.  Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.   

What this job involves:

Steering projects at the helm

To be stationed in (region/country), you’ll work side-by-side with the cost manager or senior cost manager to ensure the success of a project—from its pre-design phase to its completion. You’ll assemble and lead various project teams; and monitor the teams’ performance, and bring out the best in every team member. You’re also in charge of creating the organisational structure, project objectives and working procedures for the teams.

Your Cost management skills will also be of great value, as you set up clear project cost plans and allot sufficient budget to achieve optimal results and meet the company’s target profits. Also part of your job is to attend project meetings as required, develop monthly reports and carry out contract administration. Furthermore, you’ll oversee negotiations, analyses and promotions of quality control systems.

Your task is to fully understand, collect and deliver clients’ requirements. The CC team will depend on you to help schedule or plan establishment, value engineer, and design change management. You’ll also assist the contract manager in all related procurement and VO management. On top of that, you’ll support the construction manager in all related installation, site inspection and contractor management, Prepare BOQ’s, Quantity Survey & Quantity Take Off, Cost Analysis for each of the line items in the BOQ as required for project to project, Benchmarking, Review & Standardize of Specifications, Sound Technical Knowledge on Civil / MEP aspects as applicable, Procurement from Cost Management perspective, Finalise Commercials with vendors, Rate Contracts as applicable,

Boosting client relationships

Helping clients achieve success is what JLL does best—and your role is an extension of this tradition. To effectively help our clients, you’ll identify their needs and constraints, and work around these challenges.  You also have to effectively represent our clients throughout the whole duration of the projects. Do you have an enormous talent for promotion? If so, this is the perfect job for you, as you’ll also represent and promote the company throughout the project.

The Cost Manager is responsible for implementing administering and maintaining cost control systems and procedures to track budgets, commitments, expenditures and forecasts, and to assist in the preparation and review of cost estimates and schedules for projects of medium complexity and value;

  • Provide cost information to support decision and alternative selection
  • Evaluate contractor invoices prior to submission into client Finance systems for pre-approval
  • Utilize information from SAP (or similar) and input to cost report and validation of spending
  • Evaluate and analyze bids and provide recommendation for decision making
  • Provide forecasts and cash flow analysis
  • Maintain and manage the cost report and provide regular updates on financial position
  • Assist in the development, validation and maintenance of the project schedule
  • Assist in developing reporting tracking tools and generates cost reports on regular basis including evaluation of earned value
  • Support the coordination of the Change Management process for the project
  • Build intricate spreadsheets to enable fast and accurate data manipulation of large data sets
  • Extract data from several sources, transforming it to fit operational needs
  • Reconcile data to support complete accuracy and creates a clean audit trail

Pre-Contract

  • Developing cost plans and estimates through the design phase, delivering updated cost plans at appropriate design milestones.
  • Providing commercial input to design optioneering and input into value engineering exercises.
  • Reviewing contractor and subcontractor pricing and leading negotiations on behalf of the client to drive fair contract prices.

Post-Contract

  • Performing quantity surveying, cost controls and change management activities throughout the project life cycle.
  • Ensuring that post-contract cost variances and change control processes are managed effectively.
  • Ensuring that cost auditing and valuation work is managed effectively and that a robust process for cost validation is in place.
  • Carrying out the production of monthly cost reports for presentation to the client.
  • Ensuring that final accounts are negotiated and agreed in a timely manner.
  • Compiling as built cost estimate records for bench marking purposes.

A seasoned expert

The ideal candidate is no neophyte—you should exhibit high-level management skills, and should hold a degree in relevant property-related discipline. Likewise, you should have established yourself as a professional within design, construction and cost management. Moreover, you should have a proven track record in profit planning, business development, networking and marketing.

An effective communicator

Are you considered a natural communicator?  Alongside your native tongue, do you have a strong grasp of written and spoken English? You’ll need it in this role - strong communication skills will surely land you the job.

Likewise, you’ll be in charge of creating an environment where all team members are encouraged to contribute; as well as managing company staff to achieve enthusiastic and effective contribution to the project. Furthermore, you’ll actively search for improvement opportunities, and empower the team to implement them.

What we can do for you:

At JLL, we make sure that you become the best version of yourself by helping you realize your full potential in an entrepreneurial and inclusive work environment. We will empower your ambitions through our dedicated Total Rewards Program, competitive pay and benefits package.

Location:

On-site –Hyderabad, TS

Scheduled Weekly Hours:

48

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!

At JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.

JLL Privacy Notice

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.

For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.

For additional details please see our career site pages for each country.

Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.  If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may email us at [email protected]. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.

Skills Required

  • Degree in a relevant property-related discipline
  • Proven experience in cost management, quantity surveying and BOQ preparation
  • Strong technical knowledge of Civil and MEP aspects applicable to construction projects
  • Experience with contract administration, procurement and variation order (VO) management
  • Experience using SAP or similar financial systems for cost reporting
  • Advanced spreadsheet skills for building complex models and data reconciliation
  • Ability to evaluate bids, perform cost analysis, forecasting and cash flow modelling
  • Strong negotiation skills and experience finalising commercial terms with vendors
  • Excellent written and spoken English and effective interpersonal communication
  • On-site presence in Hyderabad, TS and ability to support site inspections and contractor management
  • Track record in profit planning, business development, networking and marketing

JLL Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JLL and has not been reviewed or approved by JLL.

  • Healthcare Strength Healthcare coverage is positioned as comprehensive, spanning medical, dental, vision, life, disability, FSA options, and mental health support. The package is frequently characterized as “great” or “good,” reinforcing its perceived robustness.
  • Retirement Support Retirement benefits include a 401(k) with a strong employer match and access to related savings options such as a Roth 401(k). The presence of an employee stock purchase program and charitable matching further supports long-term financial value.
  • Leave & Time Off Breadth Time-off benefits include paid holidays and PTO that is often described as generous and flexible, alongside bereavement and military leave. Remote/hybrid flexibility is also part of the total rewards picture, increasing perceived overall value.

JLL Insights

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The Company
HQ: Chicago, IL
66,101 Employees
Year Founded: 1999

What We Do

We’re a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. We want the most ambitious clients to work with us, and the most ambitious people to work for us. Join us.

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