Head of Project Acquisitions
On-site Riyadh, Riyadh Province, Saudi Arabia Bayut KSA Full time
Description
Bayut is the number one property portal in the Kingdom, connecting millions of users across the country. We are committed to delivering the best online search experience. As part of Dubizzle Group, Bayut is alongside some of the strongest classifieds brands in the market. With a collective strength of 10 brands, we have more than 200 million monthly users that trust in our dedication to providing them with the best platform for their needs.
As the Head of Project Acquisitions, you will be responsible for ensuring the achievement of business growth targets through the acquisition/joint ventures. This involves translating the business plans into acquisition strategies, developing targets, identifying growth opportunities and recommending the appropriate initiatives to achieve those targets.
In this role, you will:
Responsible for creating an annual strategic plan defining geographic, product and pricing goals to guide acquisition efforts and support the Company's overall strategic plan. The incumbent is responsible for finding, acquiring and prioritizing acquisitions for the company. He/She will scrutinize all property deals and find properties in areas and price ranges consistent with the Business strategy, while optimizing the return on investment and minimizing risk to the Company.
Business Development
Create, develop and exploit commercial opportunities to increase the Company's income through existing and potential new clients to target, initiate and develop business relationships.
Negotiation
Negotiate the terms of agreement, joint venture operating agreements, purchase and sale agreements and development agreements. Manage partnership with both joint venture partners and developers. Perform a lead role in land acquisition negotiations and administer purchase documentation, financial analysis and due diligence processes, title report/insurance matters and monitors pre-closing compliance issues for properties under consideration for purchase.
Data Analysis and Financial Modelling
Lead the team for overall market and financial analyses for potential investments in real estate. Oversee the Company wide cash flow valuation models for prospective projects from the position of both developer and/or joint venture and present recommendations based on analyses to management for decision making.
Compliance
Monitor industry legislative developments, develop and implement on-going strategic changes in order to maintain compliance and maximize business performance on an on-going basis Researches and conducts due diligence related to approvals, permits, zoning, engineering, building cost, landscape, improvement plans and other relevant factors; secures permitting and other requirements for property development. Forge and maintain relationships with the relevant regulatory authorities.
Customers & Stakeholders
Work with the development team in deal structuring to identify and model value-accretive strategies through key money investments, joint venture partnerships, and financial investments to help grow the company's portfolio. Works in a highly collaborative manner with cross-functional teams as well as external partners to effectively communicate the value proposition and source transactions Professionally represent the Company before zoning boards, planning commissions, inspection agencies etc. to obtain necessary project approvals. Collaborate cross functionally to advance site selection, design and construction planning, Investment Committee approval, negotiation, and internal deal onboarding.
Team Leadership and Development
Oversee team's pipeline to maintain viable opportunities at the top, middle and bottom of the funnel to achieve business goals; analyse performance to identify opportunities and gaps Provide input to the project feasibility and research team regarding modelling techniques, assumptions, and inputs and oversee their training to improve their capabilities
Requirements
Essential: Graduate in architecture, business, finance and/or economics Desirable: MBA 12+ years of progressive professional with minimum 3 years in real estate in KSA Familiarity with the KSA real estate business and industry. Analytics, Stakeholder Management, Sales, Negotiation Customer Focused, Strategic Orientation, Innovative
Benefits
High-performing and fast-paced work environment.
Comprehensive Health Insurance Rewards and recognition
Learning & Development
Bayut is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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