Commercial Manager at Tokiye Integrated Medical Services

ROLE SUMMARY

• The Commercial Manager is responsible for overseeing all commercial, financial, and contractual aspects of the project to ensure effective cost control, value optimization, and financial performance. The role will lead the commercial function across procurement, contract administration, cost management, and financial reporting, ensuring that the project is delivered within approved budgets while minimizing risks and maximizing value. This position serves as a key link between the Project, Finance, Procurement, and Contracts teams, ensuring strong commercial governance throughout the project lifecycle.

KEY RESPONSIBILTIES

Commercial Strategy and Cost Management

• Develop and implement the project’s commercial strategy aligned with business objectives
• Lead cost planning, budgeting, and financial forecasting processes
• Monitor project costs against approved budgets and identify variances
• Drive cost control measures to prevent overruns and improve efficiency
• Provide cost-to-complete forecasts and financial insights to management

 Contract Management and Administration

• Oversee administration of all project contracts (contractors, subcontractors, consultants)
• Ensure compliance with contract terms, conditions, and obligations
• Manage contract documentation, variations, claims, and dispute resolution
• Interpret and apply contract frameworks (e.g., FIDIC or similar)
• Lead commercial negotiations with contractors and suppliers

Procurement and Vendor Management

• Provide commercial oversight for procurement processes and vendor selection
• Review tender documents, bid evaluations, and contract awards
• Ensure procurement aligns with cost targets and project timelines
• Monitor supplier performance and commercial compliance

Cost Control and Valuation

• Oversee preparation and review of Bills of Quantities (BOQs), cost plans, and estimates
• Review and certify contractors’ interim valuations and payment applications
• Evaluate variations, change orders, and extension of time claims
• Ensure accurate measurement and valuation of work completed

Financial Reporting and Analysis

• Prepare and present commercial reports, dashboards, and financial summaries
• Monitor project cash flow, commitments, and expenditures
• Provide variance analysis and recommend corrective actions
• Support financial audits and reporting requirements

Risk Management

• Identify commercial risks and develop mitigation strategies
• Monitor exposure to claims, disputes, and cost escalations
• Ensure proper documentation to protect the company’s commercial position

Stakeholder Coordination

• Collaborate with Project Manager, Construction Manager, Finance, and Procurement teams
• Interface with consultants, contractors, and external stakeholders on commercial matters
• Support executive management with strategic commercial insights

Team Leadership

• Lead and manage Quantity Surveyors and commercial team members
• Provide mentorship, performance management, and capability development
• Establish strong commercial discipline and accountability within the team

Requirements

• Bachelor’s degree in Quantity Surveying, Construction Economics, Civil Engineering, or related discipline
• Master’s degree or professional certification is an advantage
• Minimum 12–18 years of experience in commercial management within construction
• Proven experience on large-scale infrastructure, hospital, or high-rise projects
• Membership of Nigerian Institute of Quantity Surveyors (NIQS)
• Strong knowledge of contract management (FIDIC or equivalent)
• Expertise in cost control, BOQs, and construction measurement
• Proficiency in: Excel (advanced level), ERP systems, and Cost management software
• Strong commercial and financial acumen
• Strategic thinking and decision-making ability
• Excellent negotiation and stakeholder management skills
• High attention to detail and analytical capability
• Leadership and team management skills