Senior Vice President - Development

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ALDAR

Abu Dhabi

AED 200,000 - 400,000

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Yesterday

Job description

Perform business development activities for land, residential retail, and mixed-use assets.
Identify new own developments opportunities.
Recommend developments 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/pre-leasing guarantee from end-users.
Develop and prioritize pipeline of potential new developments on land bank.
Identify long-list of potential opportunities.
Develop framework for preliminary prioritization/screening.
Develop feasibility studies for residential, retail, and mixed-use assets and seek approval from line manager.
Perform project costing in coordination with Project Management.
Develop financial model in collaboration with Partnerships & Investment and other relevant functions.
Manage 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 recommendations to the Director on optimal and balanced solutions to problems arising during the development process.
Support in deciding on design brief and manage input and performance from Project Management.
Critique, analyze, 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 Project Management.
Support in deciding on detailed project costs based on Procurement and Project Management input.
Support in the selection, negotiation, appointment of consultants, contractors, and service providers based on Procurement’s recommendation.
Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project delivery.
Address key procurement contract variations arising from differences in project design, raising major issues to the line manager.
Produce and manage the development’s Risk Register.
Perform 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 solutions.
Monitor development budgets against projected and actual costs and recommend appropriate solutions on deviations.