Associate Director - Feasibility - Development - Jumeirah Group & Corporate

Associate Director - Feasibility - Development - Jumeirah Group & Corporate

United Arab Emirates

Job Description

About Jumeirah & the Hotels:

Jumeirah, a global leader in luxury hospitality and a member of Dubai Holding, operates an exceptional portfolio of 28 properties across the Middle East, Europe and Asia. In 1999, Jumeirah changed the face of luxury hospitality with the opening of the iconic Jumeirah Burj Al Arab and the brand is now renowned worldwide for its distinguished beachfront resorts, esteemed city hotels and luxury residences.

From the contemporary Maldivian island paradise at Jumeirah Olhahali Island to the art-inspired Jumeirah Capri Palace in Italy and the modern twist on a British classic at Jumeirah Carlton Tower in London, the brand has become synonymous with warm and generous service and the ability to craft distinctive and purposeful experiences that bring joy to guests from across the world.

About the Job:

An opportunity has arisen for an Associate Director of Feasibility to join the Development team in Jumeirah Corporate. The main duties and responsibilities of this role include:

• Perform comprehensive market research to gather data on industry trends, competitive landscapes, and potential demand for new projects.
• Develop and maintain detailed financial models to evaluate the economic viability of potential investments, including revenue projections, cost estimates, and return on investment analyses.
• Prepare and present feasibility studies for new developments, acquisitions, and renovations, providing recommendations based on thorough analysis and research.
• Assess potential project sites, considering factors such as location, accessibility, zoning regulations, and environmental impact to determine suitability for development.
• Identify and evaluate potential risks associated with investment opportunities, proposing mitigation strategies to minimize impact.
• Work closely with internal and external stakeholders, including developers, architects, legal teams, and financial institutions, to gather necessary information and ensure alignment on project objectives.
• Provide strategic recommendations to senior management based on feasibility analysis, supporting the decision-making process for project approvals.
• Prepare detailed reports and presentations summarizing findings, analyses, and recommendations for investment opportunities, ensuring accurate and timely communication with stakeholders.
• Monitor the progress of approved projects, ensuring they remain on track and within budget, and provide ongoing analysis to support any necessary adjustments.
• Stay current with industry developments, best practices, and regulatory changes, continuously enhancing the feasibility assessment process and methodologies to improve accuracy and efficiency.

About You:

The ideal candidate for this position will have the following experience and qualifications:

• Essential - Bachelor's degree in Hospitality, Business, Finance, Economics, Real Estate, or a related field from a renowned university.
• Proven experience of 8 or more years in roles related to real estate development, investment analysis, strategic planning, or a similar field.
• Exceptional development portfolio showcasing a diverse range of successful projects.
• In-depth knowledge of real estate development principles, practices, and project lifecycle; familiarity with property valuation, market analysis, zoning regulations, and permitting processes.
• Strong financial analysis skills, including the ability to evaluate investment opportunities, analyze cash flows, conduct risk assessments, calculate return on investment (ROI), and create financial models.
• Proficient in MS Office and presentation software.