Commercial Manager – Privately Owned Developer Location: London Reporting to: Managing Director / Operations Director Sector: Co-Living / Residential / Mixed-Use Development Role Overview: We are seeking an experienced Commercial Manager to lead the commercial function for a fast-growing privately owned developer specialising in Co-Living developments in London. The role will take ownership of the commercial strategy, procurement and cost management across a growing pipeline of Co-Living and residential-led mixed-use developments, ensuring projects are delivered profitably, efficiently and aligned with operational requirements for Co-Living assets. The successful candidate will play a key role in supporting the business as it scales its development platform, working closely with development, design, project management and operations teams to deliver high-quality Co-Living schemes. Key Responsibilities Commercial Leadership Lead and manage the commercial department, including Quantity Surveyors and commercial support staff. Establish and implement the commercial strategy across the Co-Living development portfolio. Provide strategic commercial advice to senior leadership and the development team. Develop robust cost management frameworks and reporting systems. Cost Planning & Financial Control Oversee project cost plans, budgets and financial reporting across multiple Co-Living developments. Ensure developments are delivered within approved budgets and target profit margins. Monitor cost value reconciliation (CVR), forecasting and project cash flow. Identify opportunities for value engineering while maintaining design quality and operational functionality. Procurement & Contract Strategy Lead the procurement strategy for main contractors, consultants and supply chain partners. Manage tender processes and contract negotiations. Oversee contract administration and compliance with JCT construction contracts. Implement procurement strategies aligned with programme efficiency and cost certainty. Development & Design Collaboration Work closely with the development and design teams during feasibility and pre-construction stages. Provide commercial input into development appraisals and viability assessments. Support design teams to ensure efficient unit layouts, buildability and cost-effective specifications suited to Co-Living models. Operational Alignment (Co-Living) Work with asset management and operational teams to ensure developments align with Co-Living operational requirements. Ensure cost plans reflect shared amenity spaces, operational efficiencies and long-term asset performance. Support procurement of fit-out packages, FF&E and operational infrastructure required for Co-Living schemes. Risk Management & Governance Identify and manage commercial risks across the development portfolio. Ensure appropriate contractual protections and risk allocation are in place. Implement strong commercial governance and reporting frameworks. Stakeholder Management Manage relationships with main contractors, consultants and specialist subcontractors. Work closely with development, finance and project delivery teams. Provide commercial reporting to senior leadership and investors where required. Candidate Profile Essential Experience Experience as a Commercial Manager / Senior Quantity Surveyor within a developer, contractor or consultancy. Strong experience delivering residential, BTR, PBSA or Co-Living developments. Proven experience managing commercial aspects of multiple development projects. Strong knowledge of JCT contracts and UK construction procurement practices. Skills & Competencies Strong commercial and financial acumen. Excellent negotiation and contract management skills. Ability to manage and develop commercial teams. Strong stakeholder management and communication skills. Strategic thinker with strong problem-solving ability. Qualifications Degree in Quantity Surveying, Commercial Management, Construction Management or related discipline. Professional membership preferred ( RICS / CIOB or equivalent ). Package Competitive salary (Six Figures) Performance bonus Pension Opportunity to join a high-growth developer specialising in the rapidly expanding Co-Living sector .