Ref: MP907-437

Job description / Role

Employment: Full Time

Property, Real Estate and Investment Group
Location: Riyadh, Saudi Arabia
Competitive Salary Package

Our client is a newly established company for a renowned conglomerate of entities involved in the development and sale of real estate projects in Saudi Arabia including leasing, facility management, investment portfolio management, development management and project management. The firm has a strong land and property portfolio valued in excess of USD2B+ comprising hotels, commercial towers and large scale land development projects. The firm now seek to recruit a Development Manager to manage the development of projects across Saudi Arabia within their Real Estate Division.

Reporting to the Director - Development; this role is responsible to:
- Manage the development activities including market research, due diligence reports, financial analysis, project investment strategy, project anchor strategy, pricing, sale and lease strategy, risk register and exit strategy) of real estate development projects.
- Prepare project-level consolidated executive report showing a clear picture of the real estate project progress, highlighting all critical issues and recommending actions and measures.
- Liaison with municipality officials, consultants, contractors and other real estate stakeholders.
- Prepare the delivery strategy of the development and prepare regular updates of the performance of the projects.
- Manage the preparation and regular review of the project specific development and design briefs to ensure its alignment with the project business objectives.
- Review the property laws and provide advice on its impact on the real estate project.
- Review and highlight the risks associated with all the necessary legal documentation relevant to the real estate project that needs to be implemented including contracts, appointments, sales agreements, leases, warranties, performance guarantees, purchase contracts, utilities contracts, etc.
- Manage the procurement, negotiation and agreements and contracts in relation to developing and operating the real estate project.
- Coordinate and integrate the development schedules into the development program to ensure cohesion and alignment with the approved business plan.
- Prepare the sales and marketing strategy and manage the implementation plan and its alignment with the market drivers, real estate trends, and highest best use analyses.
- Review preparation of project specific Development and Design briefs to reflect project intent and objectives.
- Implement the risk mitigation measures to ensure that the business cases are secured to meet profit and turnover targets.

Requirements

- Bachelor Degree in Engineering, Architecture, Construction Economics, Business Administration or comparable.
- Minimum of 8 years of development management experience on major real estate development projects, primarily master land developments as well as high rise buildings.
- Experience in the MENA property sector is highly desirable.
- Proven expertise in real estate development management, program management, financial analysis, property appraisals, business analysis, financial modelling & real estate market dynamics.
- Substantial experience managing the real estate development process, from project initiation, acquisition, to project structuring, design, construction, commission and operation.
- Exceptional communication and negotiation abilities with strong organizational skills and capacity to work under pressure.
- Demonstrated ability to achieve results and drive to succeed.
- Exceptional communication skills with strong attention to detail.
- Bilingual language skills in English and Arabic are essential.
- Experience in the MENA region is desirable.

A competitive salary package will be offered to attract exceptional candidates to this growth organization. Please apply now.

About the Company

1Recruit International LLC is an international global recruitment and human resource solutions consultancy with a global mind set and a proven track record in talent management. Resourcing across an array of executive business sectors, our corporate mission entails client satisfaction through quality orientation; a consultative approach, delivery excellence and innovation through 'best fit candidates technically, behaviourally and culturally.

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Safety Coordinator salaries in Saudi Arabia

Average monthly compensation
SAR 10,000

Breakdown available for industries, cities and years of experience