Senior Real Estate Development Manager

2 weeks ago


Riyadh, Ar Riyāḑ, Saudi Arabia trivers Full time
The Development Manager is responsible for managing the development of assets, from project inception to
delivery and handover/occupation, with particular emphasis on maximizing return on invested capital and
operating 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 with
Estate Master is required).

  • Ability to analyze general economics and real estate market trends and make recommendations for
project IRR improvement.

  • Ability to identify strategic partnership opportunities and make clear analyses and recommendations
to the CDO.

  • Accountable for project delivery and execution, working closely with the proponent team to drive the
right outcomes from concept design to authority approvals to construction through to delivery and
handover.

  • Provide the bridge between the Finance, Project Management, Construction, Cost, and Infrastructure
teams.

  • Drive the development process by updating schedules, budgets, timelines, financial information, and
projections as necessary.

  • Manage with the preparation of RFPs; evaluate consultant bids; review and manage consultant
contracts 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, lease
agreements, etc.)

  • Responsible for developing design strategies to optimize the specifics elements of the scheme to
maximize both the design quality and the financial/commercial outcomes.

  • Pioneer design briefs, QA/QC procedures, and oversee concept design development for commercial
rationalization.

  • Assist in developing and managing the overall development timeline and monitoring project progress.
  • Provide development oversight of the procurement, contract management, and cost management, and
tender processes.

  • Manage the construction planning stage; Oversee and monitor the construction; management the
construction delivery team with project IRR responsibility throughout the construction stage.

  • Deep understanding of project management systems and processes, and ability to manage project
managers (whether in-house or outsourced).

  • Manage all project outsourced consultants, especially design architects; ability to consolidate all
design 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 of
information to the contractor as and when reasonably required; conduct Regular site inspections of
work to ensure it meets specification; oversee the management of the building contractor by the
Project Engineer / Project Manager up to and including practical completion.

  • Assess construction performance to obtain acceptance of Certificate of Completion, and acceptance of
O&M Interface with the Commercial Management team to procure different services; develop cost
plans; prepare financial appraisals; report project cash flows, develop procurement strategies for the
operational business stage.

  • Advise on expected sales/leasing returns; establish revenue strategies; confirm/monitor compliance
with revenue forecasts and implement Sales/Leasing Strategies; Interface with the Marketing Team to
develop and implement Marketing Strategies.

  • Interface with the Asset Management team to obtain and communicate their operational, design, and
cost inputs into the development process; assist the Asset Management team to develop
Operational/Maintenance plans and strategies to reflect development input and ensure the proper
implementation of the O&M plan.

  • Coordinate with sales and marketing consultants to ensure the correctness of all sales and marketing
materials.

  • The individual should have a strong commercial understanding and have the ability to analyze and
promote 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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