Senior Manager – Residential Development
Senior Manager ? Residential Development - (G)
Description
Job Summary: Lead individual development projects from inception to completion which involves the management and co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project outcomesRoles and Responsibilities:
Perform business development activities for residential assetsIdentify new own residential development opportunitiesRecommend residential DM portfolio strategy (including sub-segment mix)Support in sourcing new investment with third parties (e.g. JVs, project finance, etc..) Support in sourcing developments pre-selling guarantee from end-usersDevelop feasibility studies for residential assets and seek approval from Director of Residential DevelopmentPerform project costing in coordination with OperationsDevelop financial model in collaboration with Investment Analysis and other relevant functionsManage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.Make recommendation to Director of Development on optimal and balanced solutions to problems arising during the development processSupport in deciding on design brief and manage input and performance from OperationsCritique, analyse and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved. Develop and manage the Phasing and Procurement strategy in collaboration with Operations. Support in deciding on detailed project costs based on Procurement and Operations inputSupport in the selection, negotiation, appointment of consultants, contractors and service providers based on Procurement?s recommendationSupport in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project deliveryAddress key procurement contract variations arising from differences in project design raising major issues to Director of Residential Development Produce and manage the development?s Risk RegisterPerform continuous monitoring of design and project deliverables, program and risk register.Provide constant progress updates and monthly written reports on construction progress.Identify major issues or conflicts and recommend appropriate solutionsMonitor development budgets against projected and actual costs and recommend appropriate solutions on deviationsSupport Asset Management in the negotiation of the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.Support the Director of Residential Development in collaboration with internal sales and legal departments in the production of the Heads of Terms for sales contracts.Support in deciding on marketing strategy for build to sell residential assets (e.g. marketing calendar, branding, etc?)Support in deciding on PM and FM strategy, ensure proper handover and coordination with PM and FM entitiesReporting Lines:
Report to: Director - Residential DevelopmentReport From: Manager - Residential Development Capabilities / Skills:
Business capabilities:
+ years of development management experience in managing the development of large residential real estate assets of at least AED million in value Strong understanding of valuation, appraisals and financial modeling of residential developmentStrong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED 2 billionStrong understanding of architectural design and construction developed over the years in working on projects through the Delivery phase of asset developmentSolid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry
Interpersonal skills:
Ability to make pitches for real estate development ideas and conceptsExcellent development management skills to manage multiple tasks across functions (Delivery, Procurement) for cost effective and timely development of the propertyStrong conflict management skills to resolve any issues that are abound to arise in such a cross functional business processKey Performance Indicators:
Realized v/s planned financial returns of projects under supervision% time over-run of projects under supervision% cost over-run of projects under supervisionNumber of development issues resolved/number of development issues raised for developments under supervision
Qualifications
Bachelor degree in real estate , land economics, property valuation, architecture or engineering
Primary Location: AE-AZ-Abu Dhabi
Job: Development Management
Organization: Retail Development
Employee Status: Direct Hire
Job Type: Standard
Job Posting: Nov,,:: AM
Apply to Job
Description
Job Summary: Lead individual development projects from inception to completion which involves the management and co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project outcomesRoles and Responsibilities:
Perform business development activities for residential assetsIdentify new own residential development opportunitiesRecommend residential DM portfolio strategy (including sub-segment mix)Support in sourcing new investment with third parties (e.g. JVs, project finance, etc..) Support in sourcing developments pre-selling guarantee from end-usersDevelop feasibility studies for residential assets and seek approval from Director of Residential DevelopmentPerform project costing in coordination with OperationsDevelop financial model in collaboration with Investment Analysis and other relevant functionsManage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.Make recommendation to Director of Development on optimal and balanced solutions to problems arising during the development processSupport in deciding on design brief and manage input and performance from OperationsCritique, analyse and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved. Develop and manage the Phasing and Procurement strategy in collaboration with Operations. Support in deciding on detailed project costs based on Procurement and Operations inputSupport in the selection, negotiation, appointment of consultants, contractors and service providers based on Procurement?s recommendationSupport in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project deliveryAddress key procurement contract variations arising from differences in project design raising major issues to Director of Residential Development Produce and manage the development?s Risk RegisterPerform continuous monitoring of design and project deliverables, program and risk register.Provide constant progress updates and monthly written reports on construction progress.Identify major issues or conflicts and recommend appropriate solutionsMonitor development budgets against projected and actual costs and recommend appropriate solutions on deviationsSupport Asset Management in the negotiation of the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.Support the Director of Residential Development in collaboration with internal sales and legal departments in the production of the Heads of Terms for sales contracts.Support in deciding on marketing strategy for build to sell residential assets (e.g. marketing calendar, branding, etc?)Support in deciding on PM and FM strategy, ensure proper handover and coordination with PM and FM entitiesReporting Lines:
Report to: Director - Residential DevelopmentReport From: Manager - Residential Development Capabilities / Skills:
Business capabilities:
+ years of development management experience in managing the development of large residential real estate assets of at least AED million in value Strong understanding of valuation, appraisals and financial modeling of residential developmentStrong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED 2 billionStrong understanding of architectural design and construction developed over the years in working on projects through the Delivery phase of asset developmentSolid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry
Interpersonal skills:
Ability to make pitches for real estate development ideas and conceptsExcellent development management skills to manage multiple tasks across functions (Delivery, Procurement) for cost effective and timely development of the propertyStrong conflict management skills to resolve any issues that are abound to arise in such a cross functional business processKey Performance Indicators:
Realized v/s planned financial returns of projects under supervision% time over-run of projects under supervision% cost over-run of projects under supervisionNumber of development issues resolved/number of development issues raised for developments under supervision
Qualifications
Bachelor degree in real estate , land economics, property valuation, architecture or engineering
Primary Location: AE-AZ-Abu Dhabi
Job: Development Management
Organization: Retail Development
Employee Status: Direct Hire
Job Type: Standard
Job Posting: Nov,,:: AM
Apply to Job