Head of Development & Feasibility

Job Summary

• Assist in the development of Development & Delivery annual business plan, KPIs, budget, and policies and procedures
• Assist in the identification of opportunities by leveraging personal and professional network
• Lead IMDOP stages 1-4 and allocate Development Managers to various projects
• Ensure the development of high-level and detailed feasibility studies and financial models for all project opportunities
• Provide input to L4s regarding modeling techniques, assumptions, and inputs and oversee their training to improve their capabilities
• Ensure coordination between L3s and L4s of various departments for input into financial models and feasibility studies (incl.
• Marketing, Operations, Leasing, and Finance) for feasibility updates
• Review feasibility studies and communicate/ present attractive project and investment opportunities to the CEO, Development Committee, and Executive Committee
• Ensure regular updates of feasibility studies and financial models and communicate updated projections to Development & Delivery
• Oversee the development of pre-concepts, development briefs, and Asset Business Plans for greenfield project opportunities
• If required, perform allocation of Feasibility resources to Project Managers for additional analysis based on workloads
• Oversee the development of modeling tools, templates, and functionalities, in coordination with Development & Delivery

Skills

Education

• Bachelors degree in finance/accounting, or engineering, or economics or management
• MBA or equivalent is preferred

Experience

• 12+ years of development and feasibility experience in a leading property developer or asset manager, with a critical focus on the retail segment
• Deep exposure to KSA or GCC region and adjacent markets
• Experience in Retail Leasing or Mall management is preferred

Competencies

• Extensive experience in real estate feasibility studies and investment analysis
• Excellent financial acumen and scenario modeling skills
• Strong analytical skills
• Strong understanding of the real estate development cycle and regional market
• Proficiency in design and architecture