Director - Development

Job Purpose

Lead The Red Sea Development Company’s (TRSDC) real estate development function, ensuring the effective implementation of strategic and business plans to achieve maximum growth and profitability and establishment of TRSDC’s real estate.

Job Responsibilities - Leadership

Strategic Contribution 
• Direct the implementation of the annual business plans and targets and implement the strategic agenda of the Development function to deliver TRSDC vision and mission. 
• Ensure that the strategy is translated into operational business plans for the Development function and monitor the performance and execution of those plans in order to achieve functional objectives and deliver the company’s strategy. Leadership 
• Direct the activities of the Development team to ensure that all work is carried out efficiently, in line with the strategic project management plans, policies and procedures. 
• Build and lead a motivated, engaged and competent team, by setting priorities and objectives, managing performance, and providing ongoing feedback and coaching to meet the functional challenges and goals. 
• Serve as a role model to ensure employees’ awareness and commitment to TRSDC vision, mission, values, fundamentals and corporate strategy to establish a highly engaged and motivated human resources, and continuously improve performance. 

Budget 
• Lead the preparation of the functional budget for the Development function and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalized upon.

Job Responsibilities - Functional

Development Management 
• Recommend and evaluate project(s)/concept(s) ideas as directed by the executive leadership and/or service providers and create project vision and mission statement(s). 
• Oversee and review feasibility studies including the estimated required capital and operating costs for each development concept, in coordination with the relevant parties to ensure profitability for TRSDC and relevant operators. 
• Define and develop, in close coordination with Finance and Investments function target IRR, KPIs and all key criteria and communicate it to Design teams to achieve TRSDC business objectives in line with its best interest.
• Oversee the tendering process for design and construction work in collaboration with the relevant functions and service providers and ensure that consultants are briefed thoroughly on all details to enable on-time quality work. 
• Identify and manage the project risks presented by contractor(s) and consultant(s) or due to quality of raw materials, timely sourcing, delivery and cost of items procured etc. to institute risk avoidance, risk mitigation or risk sharing measures. Projects Implementation 
• Provide overall direction in the planning, organizing, management and control of development projects to ensure that the project cycle is completed meeting agreed project parameters, standards and objectives. 
• Approve the terms of reference of development projects based on requirements and the scope of services to document project deliverables, cost budget and the approximate timeline, quality and buildability. 
• Oversee the progress of projects through monitoring and controlling it against budgeted costs, quality, timelines, standard of contractor(s) and consultant(s) to ensure all efforts are aligned and that the project specifications and approved parameters are met.

Job Responsibilities - Organizational

Policies, Systems, Processes, Procedures, Standards and Reports
• Follow all relevant functional policies, processes, standard operating procedures and instructions to ensure that work is carried out in a controlled and consistent manner.
• Assist in the preparation of accurate and timely functional MIS statements and reports to meet corporate and functional requirements, policies and standards.

Safety, Quality and Environment
• Apply safety, quality and environmental management policies, procedures and controls to ensure employee safety, legislative compliance, delivery of high-quality products/service and a responsible environmental attitude.

Continuous Improvement
• Contribute to the identification of opportunities for continuous improvement of the department's systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.

Job Stakeholders - Internal

Board of Directors, senior stakeholders, Finance and Investments function and design team.

Job Stakeholders - External

Service providers, vendors, consultants, subcontractors and contractors.

Job Requirements - Qualification & Experience

• Bachelor’s degree in Engineering or project management related majors. 
• Minimum of 12-15 years of relevant experience with 4 years in a managerial position preferably in the real estate or property development industry.

Job Requirements - Skills

• Communication and Interpersonal skills 
• Decision making skills 
• Financial Awareness 
• Risk Management Skills

Job Context

Development Director will primarily be based in TRSDC HQ and may conduct site visits and/or business trips as needed.

Job Competencies - Leadership

Job Competencies - Core

Job Competencies - Functional