Managing Director - Residential Real Estate

Bachelor of Business Administration (Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

About Our Client:

Our client is a well-established group with deep roots in Saudi Arabia. They specialize across diverse sectors in Saudi Arabia's rapidly developing economy.

Responsibilities:

• Strategic Leadership:
  • Develop and implement the overall strategic plan for the portfolio of residential compounds, aligning with the company's overall business objectives.
  • Identify opportunities for growth and expansion of the portfolio.
  • Monitor market trends and competitive landscape to inform strategic decision-making.
  • Set key performance indicators (KPIs) and track progress towards achieving goals.
• Operational Management:
  • Oversee the day-to-day operations of all compounds within the portfolio, ensuring consistent quality and service.
  • Establish and enforce operational policies and procedures.
  • Monitor property performance and identify areas for improvement.
  • Implement best practices in property management and resident relations.
• Financial Management:
  • Develop and manage annual budgets for each compound and the overall portfolio.
  • Monitor financial performance, analyze variances, and implement corrective actions as needed.
  • Oversee the collection of rent and other fees, ensuring timely and accurate processing.
  • Prepare financial reports and provide regular updates to senior management or ownership.
• Sales & Marketing:
  • Develop and implement comprehensive marketing strategies to attract new residents and maximize occupancy across the portfolio.
  • Oversee the leasing process, ensuring efficient and effective management of vacancies.
  • Conduct market research to identify target demographics, market trends, and competitive pricing strategies.
  • Set competitive rental rates and manage pricing strategies to optimize revenue.
  • Monitor marketing campaign performance and make data-driven adjustments.
• Resident Relations:
  • Establish and maintain high standards for resident service and satisfaction across all properties.
  • Develop and implement resident communication strategies to ensure effective and timely communication.
  • Oversee the resolution of resident issues and complaints, ensuring prompt and professional handling.
• Staff Management:
  • Recruit, train, mentor, and supervise Compound Managers and other key staff within the portfolio.
  • Conduct performance evaluations, provide feedback, and support professional development.
  • Foster a positive and productive work environment, promoting teamwork and collaboration.
• Property Management & Maintenance:
  • Oversee the maintenance and upkeep of all properties within the portfolio, ensuring high standards of appearance and functionality.
  • Develop and implement preventative maintenance programs to maximize asset value and minimize costly repairs.
  • Manage contracts with vendors for various services, ensuring cost-effectiveness and quality.
• Compliance & Risk Management:
  • Ensure compliance with all applicable laws, regulations, and company policies.
  • Implement risk management strategies to protect the company's assets and minimize potential liabilities.

The Successful Applicant:

The successful candidate will have strong exposure to managing compounds and the related activities. Bachelor's degree in Business Management, Hospitality Management, Engineering, or a related field. MBA is a plus.

Company Industry: [Industry details not provided]

Department / Functional Area:

• Business Development

Keywords: [Keywords not provided]