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Commercial Director

3 weeks ago

المملكة العربية السعودية, Saudi Arabia Dar Al Riyadh Full time

**Responsibilities**:

- Develop and implement commercial strategies, policies, and procedures to optimize project financial performance and mitigate risks.
- Establish contract management frameworks and procurement strategies to support project objectives.
- Oversee project finances, including budgeting, forecasting, cost control, and financial reporting.
- Monitor project expenditures, cash flow, and profitability to ensure alignment with project budgets and financial targets.
- Manage all aspects of project contracts, including drafting, negotiation, administration, and compliance.
- Ensure that contracts are executed in accordance with legal, regulatory, and commercial requirements.
- Develop and implement procurement strategies to support project objectives and timelines.
- Identify and select vendors, subcontractors, and suppliers based on cost, quality, and performance criteria.
- Identify, assess, and mitigate project risks related to commercial and financial matters.
- Develop risk management plans and implement mitigation strategies to minimize project disruptions and liabilities.
- Collaborate with internal and external stakeholders, including clients, contractors, and vendors, to address commercial and financial requirements.
- Communicate commercial information effectively to stakeholders, including contract terms, financial status, and risk assessments.
- Manage and resolve commercial disputes, claims, and variations in collaboration with legal counsel and project teams.
- Ensure that disputes are resolved promptly and amicably to minimize project delays and costs.
- Establish and enforce quality assurance processes and procedures for commercial activities. Ensure the accuracy and integrity of commercial data, documentation, and reporting.

**Minimum Requirements**:

- Bachelor's or Master's degree in Engineering, Business Administration, Finance, Legal Studies, or a related field.
- Minimum of 25 years of experience in commercial roles on large-scale hospitality projects within the PMC sector.
- Strong expertise in commercial management, contract administration, and procurement.
- Excellent leadership and management skills, with the ability to inspire and motivate commercial teams.
- Proficiency in financial management, budgeting, forecasting, and cost control.
- Effective communication, negotiation, and stakeholder management abilities.
- Strategic thinking and problem-solving abilities.