Commercial Director - Residential (DEL 174)

Qiddiya Investment Company; Riyadh; On-site; SAR 400,000 - 600,000; Full time

Job summary

A leading investment firm in Saudi Arabia is seeking a Commercial Director specializing in residential projects. This senior leadership role involves overseeing all commercial aspects from planning to execution, ensuring projects are delivered on time and within budget. Ideal candidates will have over 12 years of experience in commercial management within the residential sector, with strong negotiation and communication skills. A comprehensive compensation package is offered.

Benefits

Comprehensive compensation and benefits package

Qualifications

• 12-15 years of experience in commercial management within the residential construction sector.
• Substantial expertise in contract management, procurement processes, and financial oversight.
• In-depth knowledge of residential market trends in the Middle East, especially in Saudi Arabia.

Responsibilities

• Develop and implement the commercial strategy for residential developments.
• Manage the commercial teams for procurement, contract management, and cost control.
• Lead negotiations with contractors and suppliers.
• Oversee budgeting, forecasting, and financial reporting.

Skills

Contract management

Procurement processes

Financial oversight

Negotiation skills

Stakeholder management

Leadership

Excellent communication

Education

Bachelor's degree in Construction Management or related field

Advanced degrees

Job description

As a pivotal component of Saudi Arabia's transformative vision, Qiddiya Investment Company is looking for an accomplished Commercial Director specializing in Residential projects. In this senior leadership role, you will be entrusted with driving the commercial strategy for our expansive residential development portfolio.

Your primary responsibility will be to oversee all commercial aspects from initial planning through to execution, ensuring that residential projects are delivered on time, within budget, and to the highest quality standards. You will collaborate closely with internal stakeholders, including project management, finance, and legal teams, to enable successful project outcomes while maximizing financial returns.

Key Responsibilities

• Develop and implement the commercial strategy for residential developments, aligning with Qiddiya's corporate objectives.
• Manage the commercial teams to ensure effective procurement, contract management, and cost control for all residential projects.
• Lead negotiations with contractors, suppliers, and service providers to secure favorable terms and mitigate risks.
• Oversee budgeting, forecasting, and financial reporting for residential projects to ensure they meet financial and timeline targets.
• Ensure compliance with all legal, contractual, and regulatory requirements associated with residential developments.
• Identify and manage risks throughout the project lifecycle and implement necessary mitigation strategies.
• Foster strong relationships with key stakeholders, including government entities, local communities, and regulatory agencies.
• Provide leadership, mentoring, and professional development opportunities for the commercial team.

• Bachelor's degree in Construction Management, Real Estate, Business Administration, or a related field. Advanced degrees are a plus.
• At least 12-15 years of experience in commercial management within the residential construction sector.
• Substantial expertise in contract management, procurement processes, and financial oversight.
• Strong leadership skills with proven ability to manage cross-functional teams.
• Expertise in negotiations and stakeholder management.
• Excellent communication skills, both verbal and written.
• In-depth knowledge of residential market trends in the Middle East, particularly in Saudi Arabia.

Offering a comprehensive compensation and benefits package.