Senior Development Manager

Overview

Responsibilities

• Conceptualize and recommend projects’ ideas as directed by Management to meet the organization’s Vision and mission statements.
• Define general outlines for the project’s desired design standards and solutions to be implemented in the design process in coordination with the Design teams to ensure that the design delivery is aligned with the asset development plan.
• Participate in the evaluation of asset development opportunities of the received inputs from the design parties to ensure that all design directions and approaches are effectively enhancing the development of assets.
• Assist in developing and managing the project Development Briefs, Timelines, Budgets and risk assessment which will define the project’s strategy and business plan and guide the formation of the Development Plans and various Design Briefs.
• Ensure that all development plans of the projects incorporate the community’s needs and are aligned with the overall vision for the assigned developments.
• Assist in the development of business cases, feasibility studies, and financial models for all assigned real estate project opportunities (single/multiple properties or more complex projects) overseeing the process across the various stages of the project lifecycle.
• Oversee and review the technical feasibility studies including the economic impact and the estimated required capital and operating costs for each development concept, in coordination with the relevant parties to ensure profitability for Bloom and relevant parties.
• Ensure coordination with Sales & Leasing for all sales and leasing-related assumptions and other market performance indicators (e.g., lease rates, occupancy rates, real estate prices, trends).
• Assist in effectively coordinating with Finance on project financing assumptions (e.g., target returns, cost of debt) to have necessary input into feasibility studies and financial models.
• Ensure effective coordination with Commercial, Design and Delivery on initial costs, detailed budget and schedules for feasibility updates.
• Ensure regular updates of feasibility studies and financial models as projects evolve in their development phases and communicate updated projections to concerned stakeholders as needed
• Assist Senior Management in preparing the department budget and monitor financial performance versus the budget for their designated projects so that the business knows anticipated costs/revenues and areas of unsatisfactory performance are identified. Potential areas of cost reduction or performance improvement opportunities are capitalized upon .
• Co-ordinating planning requirements and assisting with the development of CAPEX and OPEX budgets for the overall scheme.
• Coordinate with internal departments (e.g., Commercial, procurement, design, delivery, sales, marketing, finance) to align project goals.
• Engage with external consultants, contractors, and regulatory authorities for project execution.
• Build and maintain relationships with key stakeholders, including critical government agencies.

Education & Experience Requirements

• Bachelor’s degree in real estate or property or degree in Architectural or Construction Related engineering.
• Minimum 10-12 years of experience in real estate development, with at least 5 years in a managerial role.