Senior Real Estate Development Manager
تفاصيل الوظيفة
The Development Manager is responsible for managing the development of assets, from project inception todelivery and handover/occupation, with particular emphasis on maximizing return on invested capital andoperating profitability, including management of cashflow, through close coordination with (company)Finance and all (company) Sectors and Departments.Key Responsibilities:• Prepare a development plan and business/investment case for presentation to the CDO.• Take profit-and-loss responsibility on the project, reporting to the CDO.• Ability to prepare feasibility studies and financial models at the business plan level; (Familiarity withEstate Master is required).• Ability to analyze general economics and real estate market trends and make recommendations forproject IRR improvement.• Ability to identify strategic partnership opportunities and make clear analyses and recommendationsto the CDO.• Accountable for project delivery and execution, working closely with the proponent team to drive theright outcomes from concept design to authority approvals to construction through to delivery andhandover.• Provide the bridge between the Finance, Project Management, Construction, Cost, and Infrastructureteams.• Drive the development process by updating schedules, budgets, timelines, financial information, andprojections as necessary.• Manage with the preparation of RFPs; evaluate consultant bids; review and manage consultantcontracts and oversee commercial management of construction contracts /contractors.• Coordinate and manage internal team members as well as external consultants (i.e., lawyers,architects, surveyors, geotechnical, environmental, realtors, appraisers, etc.).• Review commercial documents (i.e., Letters of Interest, Contracts of Purchase and Sale, leaseagreements, etc.)• Responsible for developing design strategies to optimize the specifics elements of the scheme tomaximize both the design quality and the financial/commercial outcomes.• Pioneer design briefs, QA/QC procedures, and oversee concept design development for commercialrationalization.• Assist in developing and managing the overall development timeline and monitoring project progress.• Provide development oversight of the procurement, contract management, and cost management, andtender processes.• Manage the construction planning stage; Oversee and monitor the construction; management theconstruction delivery team with project IRR responsibility throughout the construction stage.• Deep understanding of project management systems and processes, and ability to manage projectmanagers (whether in-house or outsourced).• Manage all project outsourced consultants, especially design architects; ability to consolidate alldesign disciplines towards milestones and deliverables.• Manage the procurement/tender process in conjunction with the procurement department.• Provide final tender analysis and recommendation to CEO for contractor appointment.• Monitor contractor site mobilization; approve and manage change orders; ensure supply ofinformation to the contractor as and when reasonably required; conduct Regular site inspections ofwork to ensure it meets specification; oversee the management of the building contractor by theProject Engineer / Project Manager up to and including practical completion.• Assess construction performance to obtain acceptance of Certificate of Completion, and acceptance ofO&M Interface with the Commercial Management team to procure different services; develop costplans; prepare financial appraisals; report project cash flows, develop procurement strategies for theoperational business stage.• Advise on expected sales/leasing returns; establish revenue strategies; confirm/monitor compliancewith revenue forecasts and implement Sales/Leasing Strategies; Interface with the Marketing Team todevelop and implement Marketing Strategies.• Interface with the Asset Management team to obtain and communicate their operational, design, andcost inputs into the development process; assist the Asset Management team to developOperational/Maintenance plans and strategies to reflect development input and ensure the properimplementation of the O&M plan.• Coordinate with sales and marketing consultants to ensure the correctness of all sales and marketingmaterials.• The individual should have a strong commercial understanding and have the ability to analyze andpromote value add opportunities balancing risk and reward.• Have a good understanding of real estate ncluding architectural concepts, feasibility studies,investment proposals, and financial models.• Must be able to work well under pressure and meet deadlines.• Strong negotiation and presentation skills.• Ability to develop and manage budgets and understand job cost management.• Strong understanding of real estate principles.• Ability to recognize and assess and manage risk.• Ability to identify and resolve problems and develop alternative solutions in a timely manner.• Detail oriented and organized work habits.• Ability to act and operate independently with minimal daily direction.• Candidates should have excellent time management and organizational skills.• Bachelor's Degree in Business Admin., Economics, Real Estate, Urban Planning or related disciplines.• Master's Degree preferred.• PMP or equivalent certification preferred but not required.• 10+ years' experience with a Developer in the capacity of Development Manager.• Excellent communication skills, with a high standard of English (oral and written).• Bi-lingual Arabic speaker is a bonus.
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