Reserve Fund Specialist

A Leading Real Estate Company in Dubai

Dubai, UAE

Ref: OP954-02

Job description / Role

Employment: Full Time

Carry out a Full Reserve Fund Study to form a Fund Expenditure Report and up to 30 years Funding plan with key deliverables:

- Identification of building components for reserve fund study.
- Life cycle Cost Analysis based on inventory, qualification and inspection of the buildings assets and common elements.
- Future Reserve Fund Expenditure Report and Cash Forecast based on current asset conditions.
- Defined Capital Expenditure and Draw-down Policies of the Association.
- Cost Analysis and Cash Allocation schedule for future asset repairs and replacements.
- Observed condition estimates for the reserve components, including an estimate of effective age and accrued reserve costs.
- Estimates of the remaining years of useful life of reserve components in terms of physical deterioration and functional obsolescence.
- Using the above, project current replacement cost estimates at applicable long term inflation rates, to estimate expected future replacement cost estimates.
- Review of the present financial situation of the fund, report deficiencies and concerns.
- Projection of the value of the current reserve fund requirements compounded at long term interest rates, to how the estimated annual spend required together with remaining the remaining balance.
- Calculation of the reserve funding requirements which if invested will be sufficient to fund all future reserve expenditures.

Requirements

- Minimum 4 years experience in Reserve Fund Studies or related discipline
- Knowledgeable in Mechanical, Electrical & Plumbing components of buildings
- Fluency in MS Office software especially in Excel
- Bachelors Degree relevant to industry
- Professional Membership of the Royal Institution of Chartered Surveyors or any construction affiliation.
- Fluent in English in both Written and Verbal, Arabic would be advantageous
- High analytical skills
- Good written and verbal communication skills
- Related financial background is an advantage
- Driving License

About the Company

A leading Real Estate Company in Dubai.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month