Development Manager - Fixed Term Contract (12 months) at Public Investment Corporation

Ref: DEV 001

Purpose of the role:

• The Development Manager manages specific developments from inception to the delivery of a completed Asset. One of the key focus areas of this role is to ensure innovations in terms of resource efficiency, sustainability and green developments. This role plays an integral part in the project management execution of new development opportunities as well as the upgrading of the PIC’s investment property assets.

Requirements:

• Relevant Hons equivalent degree in Business, Built Environment or Property related field
• Minimum 5 - 7 years’ relevant experience within the Property Industry
• FAIS RE 05 Certificate or must be obtained within 6 months of employment
• Technical Knowledge in Asset Management
• Strong market research capability
• Proven understanding of financial models and cost management

Duties:

Create and manage development opportunities from inception to delivery

• The Development Manager manages specific developments from inception to the delivery of a completed Asset. One of the key focus areas of this role is to ensure innovations in terms of resource efficiency, sustainability and green developments. This role plays an integral part in the project management execution of new development opportunities as well as the upgrading of the PIC’s investment property assets.
• Conduct market research and gather market intelligence on the local Property Market and all development activity.
• Investigate project desirability in line with Company Strategy and market conditions by generative feasibilities.
• Manage developments on existing land in line with associated rights.
• Optimise and approve building design and ensure sustainability of investments, in line with Town Planning principles.
• Manage and monitor actual developments versus projects approved by the Investment Committees in terms of design, cost, budget and timeline.
• Manage the delivery of all development projects and present feedback to the National Development Manager and Investment Committees in collaboration with the appointed Professional teams.

Manage the financial aspects of all development projects including financial modelling

• Monitor spend per project and provide feedback to the Investment Committee.
• Co-create and present monthly budgets to the National Development Manager for all development purposes and monitor actual spend versus budget.
• Monitor profitability per development.

Ensure adherence to legal and regulatory requirements in terms of documentation and contracts

• Ensure the drafting and signing of all necessary contracts in collaboration with the Legal Department.

Build and maintain strategic business relationships

• Manage developers and consultants, working on the PIC projects on behalf of the PIC or Joint Venture developments to achieve completion within agreed timelines.
• Build and maintain relationships within the Property and Development industry, Joint Venture partners, Local Authorities and other business stakeholders to grow and develop a strong business network.

Identifies and manages business risk

• Control, manage and govern the processes and systems within the area of accountability to ensure compliance and minimise the business risk.
• Implement all audit recommendations in the area of accountability and resolve audit findings timeously
• Ensure compliance to all health and safety regulations by PIC staff and contractors

Reports on all activities and latest trends

• Produce project status and financial reports for review by the National Development Manager

Participate in training and development initiatives in line with personal development plans

• Identify training/development needs and proactively select effective solutions to address development gaps.
• Ensure that a personal development plan is developed and implemented.
• Demonstrate the company values and habits