Commercial Director

6 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia DAMAC Properties Full time
Job Summary

We are seeking a highly skilled Commercial Director to join our team at DAMAC Properties. The successful candidate will be responsible for overseeing all commercial aspects of our projects, including budget preparation, procurement, contracts administration, and cost management.

Key Responsibilities
  • Budget Preparation and Monitoring: Develop, review, and update budgets for our projects, ensuring accurate forecasting and monitoring of expenses.
  • Procurement Strategy: Lead the development of our procurement strategy, working closely with the project management team to identify opportunities for cost savings and value engineering.
  • Contracts Administration: Manage the administration of contracts, including payment processing, variation orders, and contractual close-outs.
  • Cost Management: Oversee the review and audit of budgets, pre-tender stage estimates, contracts awarded, and commercial close-out.
  • Commercial Decision Making: Provide commercial support to the project management team, making informed decisions on procurement, contractual claims, and other commercial matters.
Requirements
  • Education: Bachelor's degree in a relevant field, such as business, finance, or construction management.
  • Experience: Minimum 5 years of experience in a commercial role, preferably in the construction or real estate industry.
  • Skills: Strong analytical and problem-solving skills, with the ability to work effectively in a fast-paced environment.

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