**Cost and Commercial Manager, Riverside South**
Manage and control cost and commercial aspects of Riverside South development, minimizing risk and meeting controls. Key responsibilities include developing project budgets, leading tendering processes, procurement strategy, and cost consultant reviews. Required skills include cost management, risk assessment, stakeholder partnership, and communication. Experience in real estate or construction projects essential; familiarity with procurement and design processes preferred.
Full Job Description
Location: LONDON, LONDON, United Kingdom
Shape the commercial success of one of JPMorganChases most critical London developments. In this Executive Director role, you will drive cost discipline, procurement excellence, and risk management across the full project budget lifecycle. You will partner closely with senior stakeholders and steer external advisers to deliver transparency, rigor, and value-for-money outcomes. If you thrive in fast-paced environments where decisions matter and governance is non-negotiable, this is your opportunity.
As a Cost and Commercial Manager, Riverside South in Global Real Estate, you will help manage and control cost and commercial aspects of the Riverside South development to achieve JPMorganChases commercial objectives, at the best price and in the best time, while minimizing risk and meeting controls and governance requirements. You will report to the Cost and Commercial Managing Director for Riverside South and work closely with the broader United Kingdom Global Real Estate team and project stakeholders. You will guide and manage the projects cost consultant and support joined-up decision-making through clear analysis, transparent reporting, and strong judgment.
Job responsibilities
Develop a robust, value-for-money project budget and keep it current as scope, brief, or market conditions changeLead budget alignment by ensuring the team designs to budget and by driving value engineering and design optimizationBuild and maintain a single, integrated project cash-flow forecast by collating and reconciling individual cash flowsReconcile the project budget with relevant business-as-usual budgets so funds are allocated effectively for the businessContribute to the overall procurement strategy across core and shell, office fit-out, amenities, direct contracts, and free-issue itemsAssess main contractors and key trade contractors for covenant strength and capability, supporting selection of best-in-class teamsManage the end-to-end tendering process, including market engagement, pre-qualification, bid evaluation, and recommendationsSupport supply chain negotiations and identify practical commercial levers to protect value and reduce delivery riskReview cost consultant deliverables (estimates, cost plans, options analyses, value engineering, and variations) and provide clear challenge and directionOversee change management and cost control processes, including contingency planning, forecasting, and timely commercial decision supportMonitor project risk and governance processes, including progress payments and the rolling final account to avoid financial surprisesRequired qualifications, capabilities, and skills
Experience in cost and commercial management on large-scale construction or real estate development projectsExperience owning project budgeting, forecasting, and cost control processes through full project lifecycleDemonstrated experience leading tendering processes (pre-qualification through evaluation and recommendation)Proven capability in procurement strategy development and supplier/contractor evaluationDemonstrated experience reviewing and challenging cost plans, estimates, options analyses, and change/variation impactsStrong risk management capability, including costing risks and driving mitigation actions to closureExperience operating in a controlled governance environment with audit and monitoring requirementsStrong stakeholder management skills, including partnering with senior business leaders and cross-functional teamsExcellent analytical skills with ability to translate commercial analysis into clear decisions and recommendationsStrong written and verbal communication skills, including senior-level reporting and transparency on cost and riskExperience directing external advisers (for example, cost consultants and project monitors) and coordinating multi-party inputsPreferred qualifications, capabilities, and skills
Experience working on major headquarters or complex, high-profile urban developments with multiple interfacesDemonstrated success running value engineering and design optimization workshops with design teams and stakeholdersExperience mitigating geopolitical and market risks through commercial and contracting strategiesExperience coordinating closely with sourcing/procurement, controls, governance, and design management partnersTrack record of convening focused working sessions to resolve commercial issues and maintain cost control disciplineExperience managing both tower and infrastructure works scopes and handling scope interfaces effectivelyPrior experience in a fast-paced environment requiring strong judgment and rapid, well-documented decision-making Lead cost, procurement, and risk control for a landmark London headquarters development 
