Managing Director, Dahabshiil Real Estate - Hargeisa, Somaliland

Dahabshiil Real Estate Company

Vacancy Announcement

Managing Director, Dahabshiil Real Estate

General Position Summary:

The Group plans to expand its Real Estate Portfolio   and are looking for an experienced Managing Director, Real Estate Development to provide leadership and guidance on the Strategic Direction, Business & Operations of the Real Estate portfolio with the goal of achieving the Company’s principal objective(s) as defined by the Board, to   manage the Real Estate Portfolio, oversee the acquisition of new real estate for the company. He/ she will manage the company’s real estate portfolio, find properties to develop, and engage in contract negotiation to acquire the property. The director will also negotiate the sale or lease of the company’s developments and contract the appropriate services to oversee daily maintenance. This is a senior management position and he /she will work in close collaboration with other executives to ensure the real estate development complements other aspects of the group’s strategies. The Managing Director reports to the Executive Vice Chairman.

Key Roles and Responsibilities:

1. The Managing Director will be responsible for driving the strategic objective of the Real Estate business in line with laid down policies and within the industry international standards;
2. Responsible for defining the investment policy statement and investment management standard operating procedure in line with broad-based Board policy.

• As leader of the team, the appointee will work with clients to develop appropriate financial & investment priorities, risk management framework, and de-risking of portfolios, as appropriate.

1. responsible for all operational activities across the region and have sign off and input to all pre-contract negotiations and projects;
2. Prepare the 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 the real estate projects.
3. Grow asset portfolio as determined by the Board.

• Drive strategic initiatives to achieve company vision and business objectives and facilitate cascading and alignment of the strategic objectives across all functions;
• Lead the development of an effective and efficient team management at the company, by providing best-in-class corporate management to the headquarters and the regions, adhering to international standards, documented policies, processes and procedures and aiming at meeting the KPI targets;

1. Drive performance of the company and support Dahabshiil Group board in monitoring short- and long-term performance;
2. Contribute to defining a vision for the development of real estate to optimize mission impact and revenue generation
3. Create financial models to support development options and plans

• Coordinate real estate development analyses, including feasibility studies, environmental impact reviews, title reviews, land use restrictions, tax issues, and related reviews;
• Manage the timely execution of projects from initiation through completion and marketing of the projects
• Monitors contractors’ work for compliance with schedule, budget, quality, safety, and overall conformance with the contract documents;

1. Manage multiple projects and coordinate interactions with counterparties, consultants, advisors, lawyers, and other outside parties;

• Prepare presentations and materials for senior management and committee review
• Present projects/investments to the board for review and approval
  In coordination with other internal groups, monitor existing investments portfolios;
• Acts effectively as part of the Dahabshiil Real Estate’s Senior Management Team and works together towards achieving the Company’s overall goals;
• Efficiently manage team and resources towards profits and be responsible for building and sustaining client – business relationships to create potential business opportunities and ultimately increase income generation for the Organization;

1. Supervise the business development team to ensure that investment portfolios are appropriately structured to meet clients’ objective;

• Produce consolidated high level executive reports, showing a clear picture of the entirety of the works within the real estate portfolio, recommending the strategy, and highlighting all critical issues, recommending actions and measures.
• Conduct him/herself both professionally and personally in such a manner as to bring credit to Dahabshiil Group and in no way jeopardize group commercial efforts and brand image;
• Assist in any other task or duty assigned by the Supervisor and Board.

1. Master’s Degree in Urban Planning, Real Estate Development, Architecture, Business or related field from a reputable university with sufficient experience to provide strong leadership in property management practices and techniques.
2. 10-plus years of experience working in real estate development, neighbourhood revitalization, city planning, or related field

• A minimum of 5 years managerial level experience at a property management department

1. Demonstrated experience with managing housing and/or commercial development projects from concept to completion, including tenant lease-up and management
2. Previous experience managing a medium to large level real estate company
3. Proven expertise in real estate development management, program management, financial analysis, property appraisals, business analysis, financial modelling & real estate market dynamics.

• Demonstrated experience working through city and state municipal processes and working with community stakeholders
• Enough knowledge in project management skills

1. Strong knowledge of property management and tenant/landlord practices, laws, rules and regulations.
2. Experience in managing Housing  Projects Development  and  other  related civil  works;
3. Resolves field construction problems in coordination with engineering staff, third parties, and other agencies as necessary.

• Project budgeting and creation of development and operating proformas
• Ability to read and interpret market analyses, feasibility studies, master plans, construction documents, and leases
• Strong familiarity with governmental processes and procedures related to real estate planning and development

1. Candidate should have experience in partnering with an executive team, and a high level of written and oral communication skills.

• Excellent command of English a must; fluency in Somali would be an advantage (but not must).

Supervisory Responsibility:

2 Regional Directors, Head of Sales &Marketing, Head of Finance and Administration, Project Engineer, Project Coordinators and Consultants.

Accountability

Reports Directly to: Executive Vice Chairman

Works Directly With: Board Dahabshiil group, Senior Management, Contractors, clients, Finance Director, HR Director, Community and Government Representatives and Regulators in the Real Estate Industry.

Success Factors:

Expert knowledge of project management processes and best-practices; Expert knowledge of the real estate industry; Strong people management and interpersonal skills, Good analytical, communication, organizational and interpersonal skills; High degree of integrity; Strategic thinking and results oriented; Track record of good management and development skills; Ability to read, evaluate and interpret schematics, diagrams and maps; A high level of personal motivation and enthusiasm; Intermediate knowledge process design frameworks; Advanced project management skills; Advanced conceptual and analytical skills; Advanced C-Level reporting and presentation skills; Advanced negotiations skills; PMP and/or Prince2 certifications required and TILv3 certifications preferred;

Environmental Conditions

This position is based in Hargeisa, Somaliland and is unaccompanied. Travel within Somaliland/Somalia, Kenya and Ethiopia is required to support all offices and group’s projects. This position is eligible for very completive salary package and other benefits as per our Human Resource policy. Dahabshiil Real Estate Team members represent the company and Dahabshiil Group both during and outside of work hours when deployed in a field posting or on a visit to a field posting. Team members are expected to conduct themselves in a professional manner and respect local laws, customs and company’s policies, procedures, and values at all times. Fostering a diverse and open workplace is an important part of Dahabshiil group’s vision. We, are an Equal Opportunity Employer regardless of background. We are committed to creating an inclusive environment.

Written applications should be addressed to:

The Director Human Resource and Administration,

Dahabshiil Group

Qualified candidates are invited to submit their applications by submitting online application through  https://careers.dahabshiil.com/managing-director-dahabshiil-real-estate and further send your CV and Cover letter as a single document via Email:  [email protected]   to be received on or before 15th March, 2022 with the subject line ‘‘Managing Director, Dahabshiil Real Estate”

Only shortlisted candidates will be contacted.