Managing Director - Residential Real Estate

Job description / Role

The Managing Director - Residential Compounds is responsible for the strategic direction, overall management, and financial performance of a portfolio of residential compounds. This includes driving occupancy and revenue through effective sales and marketing strategies, ensuring resident satisfaction, maintaining and enhancing property values, overseeing budgets, managing staff at multiple locations, and enforcing community rules and regulations.

Client Details

Our client is a well established group with deep roots in Saudi Arabia. They specialize across diverse sectors in Saudi Arabia's rapidly developing economy.

Description

Responsibilities:

Strategic Leadership:

* Develop and implement the overall strategic plan for the portfolio of residential compounds, aligning with the company's overall business objectives.
* Identify opportunities for growth and expansion of the portfolio.
* Monitor market trends and competitive landscape to inform strategic decision-making.
* Set key performance indicators (KPIs) and track progress towards achieving goals.

Operational Management:

* Oversee the day-to-day operations of all compounds within the portfolio, ensuring consistent quality and service.
* Establish and enforce operational policies and procedures.
* Monitor property performance and identify areas for improvement.
* Implement best practices in property management and resident relations.

Financial Management:

* Develop and manage annual budgets for each compound and the overall portfolio.
* Monitor financial performance, analyze variances, and implement corrective actions as needed.
* Oversee the collection of rent and other fees, ensuring timely and accurate processing.
* Prepare financial reports and provide regular updates to senior management or ownership.

Sales & Marketing:

* Develop and implement comprehensive marketing strategies to attract new residents and maximize occupancy across the portfolio.
* Oversee the leasing process, ensuring efficient and effective management of vacancies.
* Conduct market research to identify target demographics, market trends, and competitive pricing strategies.
* Set competitive rental rates and manage pricing strategies to optimize revenue.
* Monitor marketing campaign performance and make data-driven adjustments.

Resident Relations:

* Establish and maintain high standards for resident service and satisfaction across all properties.
* Develop and implement resident communication strategies to ensure effective and timely communication.
* Oversee the resolution of resident issues and complaints, ensuring prompt and professional handling.

Staff Management:

* Recruit, train, mentor, and supervise Compound Managers and other key staff within the portfolio.
* Conduct performance evaluations, provide feedback, and support professional development.
* Foster a positive and productive work environment, promoting teamwork and collaboration.

Property Management & Maintenance:

* Oversee the maintenance and upkeep of all properties within the portfolio, ensuring high standards of appearance and functionality.
* Develop and implement preventative maintenance programs to maximize asset value and minimize costly repairs.
* Manage contracts with vendors for various services, ensuring cost-effectiveness and quality.

Compliance & Risk Management:

* Ensure compliance with all applicable laws, regulations, and company policies.
* Implement risk management strategies to protect the company's assets and minimize potential liabilities.

Job Offer

This is an opportunity to join a market leader with a competitive package and benefits.

The successful candidate will have strong exposure to managing compounds and the related activities.

Bachelor's degree in Business Management, Hospitality Management, Engineering, or a related field. MBA is a plus.

Strong financial management experience, with a proven track record of P&L management and business growth.

About the Company

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.