Head of Commercial

Amlak Finance PJSC; United Arab Emirates; On-site; AED 300,000 - 450,000; Full time

Job summary

Amlak Finance PJSC is seeking a Head of Real Estate Investments to ensure the commercial viability of investments and manage portfolios effectively. The ideal candidate will have over 10 years of experience in real estate development and a strong educational background in engineering or management. This role involves strategic leadership, financial analysis, and collaboration with various teams to drive successful investment outcomes.

Qualifications

• Minimum 10 years in real estate development or portfolio management.
• 3 years of experience in the UAE.
• Proven success in managing investment portfolios.

Responsibilities

• Lead development of departmental strategy and goals.
• Manage investment portfolios and ensure compliance.
• Recruit and develop department staff.

Skills

Financial modeling

Cost awareness

Report writing

Presentation skills

English proficiency

Education

Bachelor's degree in engineering or management

Master's degree

Tools

MS Word

Excel

PowerPoint

Job description

JOB PURPOSE:

Ensure that all real estate investments are commercially viable, meet the specified financial parameters, and that all commercial contracts with counterparties adhere to prescribed standards to protect AMLAK's commercial interests.

KEY ACCOUNTABILITIES:

1. Lead the development of the department's short and long-term strategy, communicate it to all stakeholders, ensure its timely and effective implementation, monitor results, and take corrective actions as needed.
2. Set department goals and objectives, cascade them to all employees, and ensure their achievement.
3. Develop and implement the department's business plan and budget in alignment with AMLAK's overall budget, ensuring compliance.
4. Establish and enforce department policies, procedures, and processes.
5. Recruit, develop, motivate, and engage department staff to achieve departmental and organizational objectives.
6. Coordinate with the Enterprise Risk Management Unit to establish a framework for identifying, monitoring, and mitigating risks related to real estate investments.
7. Lead the development of commercial and financial parameters to measure investment success, sharing these with the Investment and Engineering Teams.
8. Create and analyze financial models for investments to facilitate informed decision-making.
9. Regularly monitor investments to ensure they are commercially viable and meet financial targets.
10. Evaluate investment parameters and conduct due diligence to ensure investments are within acceptable risk and return profiles.
11. Implement value creation strategies aligned with target returns.
12. Review commercial contracts to ensure they meet AMLAK's specifications and participate in negotiations with counterparties.
13. Assist the Investment and Engineering Teams with high-level costing of in-house development projects.
14. Prepare and submit reports to management on the status of investment portfolios and returns.
15. Stay updated on industry developments and adopt best practices in AMLAK.
16. Perform any other responsibilities as assigned.

EDUCATION AND EXPERIENCE:

Education:

• Bachelor's degree in engineering or management.
• A Master's degree is advantageous.

Experience:

• At least 10 years of experience in real estate development, portfolio management, or advisory sectors, including 3 years in the UAE.
• Proven success in managing real estate investment portfolios.

COMPETENCIES:

Technical:

• Proficiency in financial modeling.
• Cost awareness.
• Advanced report writing and presentation skills.
• Excellent command of English (spoken and written).
• Proficiency in MS Word, Excel, and PowerPoint.

Behavioral:

• Critical thinking.
• Leadership qualities.
• Attention to detail.
• Collaborative mindset.
• Ability to organize and deliver results.