Description
JOB TITLE: Assistant Value Manager
SALARY: £39,825 - £49,896
LOCATION(S): Edinburgh, Bristol, Leeds
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites
About this opportunity
As a Valuation Manager, you'll play an exceptionally crucial role in ensuring that our construction and property investments deliver flawless value for the Group. Our team strictly adheres to world-class standards in financial efficiency, contract and cost management, quality assurance, sustainability, health & safety compliance, and customer experience.
In this ambitious role, support strategic programmes and the day-to-day delivery of multiple workstreams, all aligned with our property strategy and ESG commitments. Collaborate with the Group's operational business units to improve investment in our estate, ensuring budget oversight and cost control. As the Subject Matter Expert, provide commercially sound advice, balance risk, manage partner positions, and make recommendations within your expertise.
Day to day, responsibilities include:
1. Lead value management initiatives across construction and workplace programmes.
2. Align project results with Group strategic objectives including Zero Carbon 2030, inclusivity, and customer experience.
3. Drive transparency in supply chain costs and reporting.
4. Benchmark supplier performance and promote competitive procurement to ensure best value.
5. Introduce industry guidelines and innovative ways to project delivery.
6. Use data and insights to improve programme speed, resilience, and quality.
7. Maintain governance frameworks including Schedule of Rates (SOR), cost reporting, and change control processes.
8. Coordinate the JCT contract, valuing works and cost submissions, issuing monthly valuations and payment notices, and ensuring contractual compliance.
9. Support quarterly reviews and updates to senior collaborators on value and benefits delivered.
10. Collaborate with internal teams, suppliers, and external partners to ensure alignment and delivery.
11. Facilitate workshops and meetings to review progress, resolve issues, and plan next steps.
12. Manage a constant stream of new projects related to the relevant project or workstream.
13. Provide solutions and advice on all construction-related matters at pace, including generating cost estimates for future projects.
14. Lead the delivery of projects on time and within budget, working with outsource partners.
15. Manage Value Management cost assessments to achieve budget savings.
16. Consider whole life costs when assessing investment potential and contribute to achieving sustainability pledges.
17. Support Supplier Commercial Managers' review and approval processes in accordance with Tier Frameworks.
18. Assist procurement teams when tendering packages or services.
19. Support collaboration between collaborators and suppliers.
20. Report regularly against agreed benchmarks via preparation and delivery of reports.
21. Attend site meetings and undertake site inspection visits as necessary, making recommendations.
What you'll need
22. Proven experience in construction, property, or programme management.
23. Solid knowledge of commercial management, value engineering, cost estimating and cost planning, and procurement.
24. Post contract cost management
25. Ability to negotiate final accounts
26. Solid grasp of the technical aspects involved in construction work
27. Excellent collaborator management and communication skills.
28. Ability to interpret data and apply insights to strategic decision-making.
29. Familiarity with ESG principles and balanced construction practices.
About working for us
We focus on being inclusive every day and building an organisation that reflects modern society. Our aim is to celebrate diversity in all its forms. We want our people to feel they belong and can perform at their best, regardless of background, identity, or culture. We were among the first major organisations to set goals on diversity in senior roles, invent a menopause health package, and start a dedicated Working with Cancer initiative. For this reason, we especially welcome applications from under-represented groups. We are disability confident. Please tell us if you require reasonable adjustments during recruitment.
We also offer a wide-ranging benefits package, which includes:
30. A generous pension contribution of up to 15%
31. An annual performance-related bonus
32. Share schemes including free shares
33. Benefits you can adapt to your lifestyle, such as discounted shopping
34. 28 days’ holiday, with bank holidays on top
35. A range of wellbeing initiatives and generous parental leave policies
Ready for a career where you can have a positive impact as you learn, grow, and thrive? Apply today and find out more!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.