Director - Commercial

Job description / Role

We are committed to a diverse and inclusive work environment and embedding equality, consistency and transparency in its culture and employment practices.

We do not discriminate on the basis of race, colour, national or ethnic origin, religion, gender, marital status, age, being a person of determination or any other non-merit factor.

JOB PURPOSE
• Support the Hospitality Asset Management Department function with regards Capital planning, procurement, Project commercial management, cashflow management, reporting, audit and process.
• To take responsibility for the management of commercial functions, including management of external cost consultants.
• Provide advice and support to external appointed consultants with regards process and procedures, requirements for tendering and approvals for appointment of supply chain.
• Assist in the continuous review and improvement of process and procedures in support of the overall Department function.
• Direct Liaison with Group Legal and 3rd parties in provision of Construction Contract administration and support.
• Negotiate favourable terms for supply chain agreements.

KEY ACCOUNTABILITIES – Functional competencies
• To manage and lead the commercial function (internal team members and external cost teams), ensuring correct operation of the department’s process including evaluation and mitigation of commercial risk on projects.
• Commercial management support across a portfolio of Capital projects from inception through to completion.
• To adhere to policies and procedures with reference to the Capital process.
• Support internal team and external consultants in the drafting and administration of tender documents, contract documentation etc.
• Management of internal approvals for appointment of consultants, contractors and suppliers
• To represent the department in contract negotiations and commercial meetings.
• Drafting and/or review of contractual correspondence, LOA, Contract conditions etc.
• Facilitate and provide all relevant documentation in support of Audit requirements.
• Continually review consultant and contractor performance.
• To identify opportunities to bring cost efficiencies and value for money to existing and new contracts, supply chains and supplier agreements.
• To manage the internal staff and external consultant cost teams to establish cost plans and monitor project expenditure, variation orders and payment certificates.

Requirements

Minimum qualifications
• Bachelor’s degree in Quantity Surveying (or equivalent Engineering degree)
• Professional Certification: RICS qualified (MRICS)

Minimum experience
• Minimum of 15 years’ post qualification experience in commercial management or quantity surveying.
• Minimum of 5 years’ experience in the UAE, preferably from client background.
• Commercial management of multiple projects.
• Experience of pre and post contract services
• Experience in the hospitality sector or with hotel related development projects preferred but not essential.

Skillset (job specific technical & system skills if applicable)
• Cost management, planning and quantity surveying
• Accounting
• Knowledge and understanding of different forms of construction contracts typically FIDIC.
• Budgeting and effective report writing
• Managing meetings effectively
• Commercial and Contract negotiation
• Technical knowledge including modern methods of construction and procurement
• Knowledge of local statutory requirements and building codes
• Understanding of local laws
• Proficient in MS Office

Internal Relationships
• Asset Management / Key stakeholders / All departments

External Relationships
• Consultants / Contractors / Suppliers

Financial Authority
• As per DOA and policies and procedures.
• To assume responsibility for the financial management of Capital Expenditure across Projects.
• To review, develop and oversee the tendering process for procurement of project consultants and contractors.
• Management of Project cashflows (including process), direct communication with Asset Management, business units and Corporate Finance.
• Management of consultant and contractor account agreements (variations) and final accounts.
• To review and oversee the payment process for Projects.
• To ensure Project capex is strictly controlled, and appropriate approvals obtained in accordance with the Capital process, policies and procedures.
• Provision of cost advice, budgeting and cost planning.

About the Company

Dubai Properties leverages its impressive legacy as a reliable developer to elevate Dubai’s status as a global icon. With almost two decades of expertise designing and developing sought-after residential master communities across waterfront, urban, and suburban locations, Dubai Properties addresses every aspect of the real estate landscape. Its communities - home to an array of residents and happy families - include JBR, Jaddaf Waterfront, La Vie, 1/JBR, Bellevue Towers, Remraam, Mudon and Villanova to name a few.

Dubai Properties also offers institutional investors access to an extensive land portfolio for development opportunities. All the initiatives aim to enrich the lives of residents and visitors, bringing a vast collection of living experiences to the Emirates.