Real Estate Development Specialist

Job description / Role

The role for a Real Estate Development Specialist will be a key addition to Property and Development team in the business, responsible to lead all activities across the project life cycle, from leading HUB studies to positioning the project appropriately in the market and thereafter managing tenants post-handover.

Client Details

The client is a Riyadh-based leading contracting company with multiple projects across several asset classes, including Residential, Commercial, and Hospitality.

Description

* Provide assistance to the Real Estate Development Director, including, but not limited to, HBU analysis, planning, structuring project financing, property research and acquisition.
* Managing the commercial evaluation of prospective Developments and prepare proposals.
* Communicating and managing all issues and risks affecting the development's successful delivery.
* Managing the Development's site Due Diligence process, in order to ensure that all the potential risks, advantages and disadvantage are identified and quantified.
* Managing the approval and permitting phase of the development process and ensure approvals are in line with company requirements. Maintain positive relationships with jurisdictions and planning commissions to ensure same.
* Monitoring the Conceptual and Design Phases of the selected Developments.
* Overseeing the preparation of the budgets and delivery schedules of the selected Developments.
* Evaluating alternative funding options and negotiate with the alternative sources of finance.
* Identifying and managing the appointment of specialist Parties such as Hotel Operators, etc.
* Preparing regular progress reports on the above areas of responsibility.
* Assisting in the selection of the construction strategy, and in the tendering process.
* Monitoring the construction progress, evaluate the possible changes of the agreed budgets and delivery schedule.
* Ensuring that the projected expenditure is under constant review and any anticipated deviations are highlighted and controlled.
* Ensuring that the Developments are effectively handed over with completed documentation.

Job Offer

An opportunity to add to a leading contractor in the region looking to deliver multiple projects across the Kingdom.

Requirements

* Must have exemplary oral and written communication skills and ability to interact effectively with the other departments, specialist Parties of Experts, Government Authorities.
* Must have satisfactory computer skills, including Microsoft Office.
* Bachelor's Degree in property management and or Finance or related field required.
* Minimum 10 years of experience working in a client-side real estate development environment.
* Understanding of business and management principles involved in strategic planning, resource allocation and project management.
* Business analysis skills, with the ability to foresee issues, develop constructive solutions and provide decisive recommendations.
* Knowledge of local and state level laws and regulations regarding real estate development.
* Ability to manage multiple projects at one time, balance priorities and deadline.
* Relevant experience must have been gained in similar projects in the Middle East.
* Experience in KSA will be a distinct advantage.

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.