Job Summary:

Assist in leading individual development projects from inception to completion which involves the management and co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project outcomesRoles and Responsibilities:

Perform business development activities for development assets

Identify new own development opportunities

Recommend DM portfolio strategy (including sub-segment mix)

Support in sourcing new investment with third parties (e.g. JVs, project finance, etc..)

Support in sourcing developments pre-selling guarantee from end-users

Assist in developing feasibility studies for development assets and seek approval from Development Director as specified.

Perform project costing in coordination with Operations

Develop financial model in collaboration with Investment Analysis and other relevant functions

Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.

Assist in managing developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.

Make recommendation to Director of Development on optimal and balanced solutions to problems arising during the development process

Support in deciding on design brief and manage input and performance from Operations

Critique, analyse 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 Operations.

Support in deciding on detailed project costs based on Procurement and Operations input

Support in the selection, negotiation, appointment of consultants, contractors and service providers based on Procurement’s recommendation

Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project delivery

Address key procurement contract variations arising from differences in project design raising major issues to the relevant Development Director.

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 on deviations

Support Asset Management in the negotiation of the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.

Support the Director of Development in collaboration with internal sales and legal departments in the production of the Heads of Terms for sales contracts.

Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g. pricing, sales phasing, etc…)

Support in deciding on marketing strategy for build to sell development assets (e.g. marketing calendar, branding, etc…)

Support in deciding on PM and FM strategy, ensure proper handover and coordination with PM and FM entitiesReporting Lines:

Report to: Chief Development Officer

Report From: NoneCapabilities / Skills:

Business capabilities:

8 + years of development management experience in managing the development of large real estate assets of at least AED 500 million in value

Strong understanding of valuation, appraisals and financial modeling of development assets

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 developed over the years in working on projects through the Delivery phase