Vice President - Abu Dhabi, United Arab Emirates - Aldar

Aldar
Aldar
Verified Company
Abu Dhabi, United Arab Emirates

1 month ago

Ahmed Al-Mansouri

Posted by:

Ahmed Al-Mansouri

beBee Recruiter


Description




JOB DESCRIPTION:

Roles and Responsibilities:


  • Manage the business development activities for land, residential retail, and mixeduse assets
  • Identify new own developments opportunities
  • Recommend developments portfolio strategy (including subsegment mix)
  • Support in sourcing new investment with third parties (e.g. JVs, project finance, etc.)
  • Support in sourcing developments preselling/preleasing guarantee from endusers.
  • Develop and prioritize the pipeline of potential new developments on the land bank.
  • Identify longlist of potential opportunities.
  • Develop a framework for preliminary prioritization screening.
  • Perform feasibility studies for residential, retail, and mixed
- use assets and seek approval from the line manager

  • Perform project costing in coordination with Project Management.
  • Develop a financial model in collaboration with Partnerships & Investment and other relevant functions
  • Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.
  • Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.
  • Make recommendations to the Director on optimal and balanced solutions to problems arising during the development process
  • Support in deciding on design briefs and managing input and performance from Project Management.
  • Critique, analyze and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved.
  • Develop and manage the Phasing and Procurement strategy in collaboration with Project Management.
  • Support in selecting, negotiating, and appointing consultants, contractors, and service providers based on Procurement recommendations.
  • Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure ontime project delivery
  • Produce and manage the development's Risk Register
  • Perform continuous monitoring of design and project deliverables, program, and risk register.
  • Provide constant progress updates and monthly written reports on construction progress.
  • Identify major issues or conflicts and recommend appropriate solutions
  • Monitor development budgets against projected and actual costs and recommend appropriate solutions for deviations
  • Support in negotiating the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.
  • Support in collaboration with internal sales, leasing, and legal departments in the production of the Heads of Terms for sales contracts and retail leases.
  • Support in deciding on refined commercial strategy based on recommendations from Commercial (e.g. ERV, retail mix, phasing, market timing, etc )
  • Support in deciding on marketing strategy (e.g. marketing calendar, branding, etc )
  • Support in deciding on Asset, PM, and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager

RELATED YEARS OF EXPERIENCE:

Min of: 10+ years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value


YOE IN A MANAGERIAL POSITION
Min of: 2+ years of managerial experience.


FIELD OF EXPERIENCE
Real estate


TECHNICAL AND INTERPERSONAL SKILLS

  • Strong understanding of valuation, appraisals, and financial modeling of residential and commercial development.
  • Strong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED 2 billion.
  • Strong understanding of architectural design and construction.
  • Solid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry

QUALIFICATION
Bachelor degree Engineering

LI-AA1

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