Senior Manager - Real Estate Development - Al Tayer Group - Dubai

This is a Senior Managerial role which will include – deal feasibility, market research, zoning and support in writing purchase contracts, and recommending financing options, whilst leading all financial matters pertaining to ATRE.

Functional Responsibilities :

• Proactively manage and deliver economic & market research on real estate market and support Division’s land acquisitions whilst identifying and mitigating the risks of specific land positions.
  


• Manage and perform complex, high level development feasibility, defining assumptions and providing proactive strategic and investment decision support for ATRE.
  


• Prepare development feasibility in accordance with approved standard feasibility and reporting, working in conjunction with all relevant stakeholders and also obtain necessary approvals for the projects/ developments.
  


• Manage/ monitor all aspects of ATRE Finance, including 5 year business plans, budgeting/ forecasting / cash flows and review all finance reports including P&L, balance sheet and cash flow statements
  


• Liaise with key stakeholders and contribute to key business decisions within the company through financial advice and expertise.
  


• Prepare and maintain project performance metrics that include pre-development budget, development budget, and project timeline.
  


• Regularly evaluate pipeline projects, project financing of new developments, expansions/ refurbishments and other investment opportunities, update the stakeholders and contribute to the development of financial forecasts and related budgets for pipeline projects
  


• Assist with the oversight and management of external/ internal partners, e.g. architect, market data consultants, consultants, Projects etc.
  


• Regularly prepare analytics on the performance of land/ asset and continue to enhance, improve and make recommendations on the standard feasibility.
  


• Prepare monthly development reports for new projects, review and audit active project feasibility and ensure adherence with approved standards/ budgets.
  


• During conceptual design phase, evaluate the property and its development potential, and identify areas of risk.
  


• Assist with the project positioning, branding, and product development including floor plans, specifications, and amenities
  


• Assist with market evaluation and analysis of demographics, market demand, and competition.
  


• Aggressively network and use local knowledge of sub-markets to originate opportunities not presently on the market and to pursue more relevant investments.
  

Person Specification:


The incumbent would hold a Bachelor’s or Masters’ De gree in Finance, Real Estate or related field with MBA preferred, with m inimum 10 years of relevant experience with reputed real estate companies with knowledge of project management, property management/leasing/and operations. Knowledge of the below is a prerequisite.

• Proficiency with modeling investments.
  


• Analytical capability combined with strategic thinking
  


• Exceptional communication, presentation and negotiating skills
  


• Proactive thinking with detail-oriented and creative problem solving approach