Senior Manager - Cost Management - Retail

Opening in a leading UK Based organisation in retail in Bangalore :

Operations - Develop and lead a team of cost managers to deliver the below scope

- Capital Spend in the property development lifecycle of Acquire / Design / Build / Maintain and Dispose

- Develop cost plans for existing and new space.

- Simplify the input process to ensure all relevant risks associated in developing existing and new space is identified.

- Risks and associate works to be costed.

- Clear understanding of Construction methodology to develop cost plans.

- Drive Integration of Retail & Engineering for optimum design and optimum spend.

- Knowledge of offsite & onsite works, - skill cost- to develop optimum cost plan.

- Value engineering / alternate materials / alternate development methods to develop optimum cost plan.

- Use of historic and current data to develop accurate cost database.

- Using the Cost database to drive thumb rule / high level cost to drive strategic decisions prior to detailing.

- Constantly up skill on changing practices in property development and costs associated with the same.

People :

- Establish effective communication channels to engage within and across teams; Celebrate success, gather ideas and keep the team updated on new directions, key changes, policies and procedures through regular one-on-ones, team meetings, training and coaching sessions

- Accountable for talent retention within the team/s; Proactively manage colleagues- expectations and work towards attaining a win-win situation for both, the organization and colleagues

- Enhance capability within the team; Identify, mentor and develop team members with high potential, providing them with opportunities to display and further develop their strengths

- Accountable for identification of Training & Development needs of team members and providing suitable training programs to meet their career aspirations and organization goals; Set stretch goals and monitor progress to enable team members to enhance their capability

- Undertake all people related activities such as recruitment, performance management, talent planning, leave & attendance and rewards & recognition in an effective and timely manner

- Hire the right skills and experience at the right cost into the organization and ensure that there is a strong talent pipeline with right colleagues in the right job

- Ensure high levels of engagement and motivation levels within the team that reflect in the periodic employee engagement (What Matters) survey scores

- Live the Tesco value of - Treat people how we like to be treated- and recognize colleagues for doing the same

Finance :

- Drive cost savings and ensure adherence to the function's budget

- Drive innovation/ process improvement leading to monetary and non-monetary savings

- Monitor spend and ensure adherence to the team's budget

- Oversee adherence to approved hiring budgets for the team

- Oversee the delivery of KPIs with the agreed headcount; Ensure and enable optimal use of resources to deliver more with less

Customer :

- Engage with stakeholders and cross-functional teams on a regular basis to review ways of working and gain their inputs on delivery; Oversee and ensure that day to day operational issues/queries are resolved in a timely & effective manner