Senior Associate – Development – Aldar – Abu Dhabi

Explanation

ROLES AND Duties

• Help out with the continuing business advancement activities for land, home retail and mixed-use possessions as directed by the relative line manager.

• Help out with developing feasibility research for home, retail and mixed-use property and seek acceptance from line supervisor

• Perform task costing in coordination with Task Management.

• Develop financial model in collaboration with Partnerships & Investment along with other relevant functions

• Liaise with Partnerships & Investments along with other relevant functions on feasibility studies.

• Help out with developing feasibility study on owned land:

• Recommend allocation of specific assets by segment on land plots

• Recommend land phasing plan

• Recommend in input to the pricing of land plots predicated on price benchmark of comparable land plots

• Research and Recommend unit cost by land plot

• Perform infrastructure costing in coordination with Operations. Perform advanced cost break down of infrastructure (recoverable versus non recoverable costs)

• Develop financial feasibility and model studies. Liaise with various Investment Analysis along with other relevant functions on feasibility study

• Review the Delivery team progress and report on progress of the delivery and the timely handing over of government related assets to reduce O+M costs and land costs

• Collate input from external and internal stakeholders. Report and review on pre-concept test fit, concept master plan and detailed master plan developed and managed by the master planning function.

• Help out with review, update , recommend and report on the allocated land bank from inception, design, delivery of infrastructure, authority handovers, development and sales on land plots.

• Use market intelligence reports to recommend land use requirements for master plans; matching supply with demand.

• Use Market reports and media Publication to recognize trends in Development products linked to life-style and recommend land use and products that may overall improve the project attractiveness and profitability.

• Review and update development manager on schedules for land development together with Controls and Delivery.

• Perform continuous tabs on project and design deliverables, risk and program register.

• Provide constant progress updates and monthly written reports on construction progress.

• Identify major issues or conflicts and recommend appropriate solutions

• Monitor development budgets against projected and actual costs and recommend appropriate solutions on deviations

• Support in choosing refined commercial strategy predicated on recommendation from Commercial (e.g. pricing, sales phasing, etc.)

• Support in choosing online marketing strategy (e.g. marketing calendar, branding, etc…)

• Support in choosing Asset, FM and pm strategy, ensure proper coordination and handover with PM and FM entities and Asset Manager.

Qualifications

YoE / QUALIFICATIONS / SKILLS

RELATED YEARS OF EXPERIENCE

Min of: 6+ years of development management experience in managing the development of large residential and retail property assets of over AED 500 million in value.

YOE IN MANAGERIAL POSITION

Min of: N/A

FIELD OF EXPERIENCE

Property

TECHNICAL AND INTERPERSONAL SKILLS

• Strong knowledge of valuation, appraisals and financial modeling of commercial and residential development.

• Strong knowledge and contact with the GCC market with large master developers with annual revenue of at the very least AED 2 billion.

• Strong knowledge of architectural construction and design.

• Solid knowledge of contract procurement policies and procedures gained in the Procurement function of a genuine estate developer in the GCC real estate business

QUALIFICATION

Bachelor degree in property, land economics, property valuation, architecture or engineering