Executive Director of Retail Delivery - Management Recruitment Group

Executive Director Retail Development

Riyadh Saudi Arabia

Permanent fulltime

About the role

On behalf of our client The Management Recruitment Group have been retained exclusively to appoint to the post of Executive Director Retail Development for a gigaproject based in Saudi Arabia. Based in Riyadh but with travel across the country this role will be responsible for leading the performance management of retail real estate development from project inception to delivery and handover of a largescale multibillion dollar national development program.

Background

Our client is at the very start of a massive development programme with a multibillion dollar portfolio of projects. This position oversees all retail development across a large number of projects spread throughout major urban centers across KSA. With some projects started and others still requiring funding and business case preparation this is a multifaceted role requiring a full range of skills and capabilities.

Key Accountabilities

You will be responsible for:

• Leading all development activities and providing strategic leadership and tactical implementation for the organizations retail real estate projects across the country.
• Leading the preparation of development and operational business plans (including market research due diligence reports financial analysis investment strategy anchors strategy pricing sale and lease strategy risk register and exit strategy) of relevant retail real estate projects.
• Producing consolidated highlevel executive reports showing a clear picture of the entirety of the works within the residential real estate portfolio recommending the strategy and highlighting all critical issues recommending actions and measures.
• Preparing the delivery strategy of the retail development coordinating with and integrating the input from other support functions including technical legal finance market research sales and marketing and operation to deliver the project development plan.
• Providing regular updates on the performance of the retail real estate portfolio based on the market research reports market drivers and trends statistics demographic analysis absorption analysis and competitive set analysis scenario analysis market competitiveness and supply and demand drivers risks and approved feasibility hurdle rates.
• Managing the preparation and regular review of the projectspecific development and design briefs to ensure their alignment with the project business objectives.
• Establishing updating and regularly reporting on the consolidated risk register and mitigation measures.
• Instructing organizing and coordinating all development disciplines with the objective of harmonizing the diversified functions to deliver completed projects in accordance with the objectives established in the approved business plan.
• Reviewing and highlighting the risks associated with all the necessary legal documentation relevant to the real estate and development process that needs to be implemented including contracts appointments sales agreements leases warranties performance guarantees purchase contracts utility contracts master community declarations owners association declarations management association documentation title deeds and other such documentation and correspondence to facilitate and deliver the development.

You will need to be

As an experienced Senior Real Estate Executive you will have a strong background and track record in the delivery of largescale retail developments master planning and full lifecycle delivery. These projects are lifestyle destination developments so consideration will be given to hospitality and leisure experience as well as ultraretail and complexes development backgrounds. You will have ideally worked as an Executive for >$1bn portfolio of development projects having held previous executive roles for real estate developer (client side) organizations and demonstrated experience in commercial and financial elements of JV structures including procurement and the front end delivery of design development and asset management. You do not need to have overseas experience to apply for this role.

Background Skills and Qualifications

In return

In return you will be able to have direct oversight and responsibility for one of the Saudis most exciting new retail projects. You will be offered a generous compensation package which will include a guaranteed high basic bonus a signon bonus and relocation assistance.

What to do now

For a confidential discussion please contact Matthew Donovan confidential of The Management Recruitment Group. Applications should consist of a CV and a relevant project list.

Campaign Timeline

Applications are open until the role is filled.