Senior Commercial Manager – DoF Real Estate Affairs

Role Overview

Established in 1966 with the objective of strengthening the financial sustainability of the Emirate, DoF is responsible for the development and execution of the Abu Dhabi government’s annual budget and for overseeing government returns, expenditures, funding and liquidity. DoF does this by working closely in partnership with the relevant local government entities and the Abu Dhabi Executive Council.

Key Responsibilities

Financial Planning and Budgeting

• Prepare and manage financial models for real estate projects, including cost forecasting, revenue projections, and return on investment (ROI) analysis.
• Oversee the budgeting process for real estate transactions and developments, ensuring adherence to financial targets.
• Evaluate capital expenditures related to real estate assets and optimize operational costs.

Contract Negotiation and Management

• Lead the negotiation of commercial real estate contracts, such as leases, purchase agreements, and service contracts.
• Ensure that all agreements are commercially viable and aligned with the company’s financial objectives.

Stakeholder and Vendor Management

• Liaise with internal stakeholders, such as legal, finance, and operations teams, to ensure alignment on commercial goals.
• Manage relationships with external partners including real estate brokers, developers, contractors, and legal advisors.
• Oversee the selection and performance of vendors and contractors involved in real estate transactions and property management.

Risk Management and Compliance

• Identify and mitigate commercial risks associated with real estate transactions and development projects.
• Ensure that all real estate activities are compliant with legal regulations and industry standards.
• Assess and manage financial risks related to market conditions, contract terms, and regulatory changes.

Lease Management and Optimization

• Oversee the commercial lease portfolio, ensuring leases are effectively managed and profitability is optimized.
• Review lease terms, negotiate rent adjustments, and assess lease renewals or terminations based on market conditions.
• Ensure timely collection of rent and compliance with lease agreements.

Reporting and Performance Monitoring

• Provide regular reports to senior leadership on the performance of real estate assets, including financial outcomes, occupancy rates, and ROI.
• Monitor and analyze the financial performance of properties and real estate investments, making adjustments as needed to improve profitability.

Transaction Management

• Oversee the end-to-end management of real estate transactions, including due diligence, financial structuring, and closing.
• Ensure that all aspects of the transaction process, from negotiations to final agreements, meet both commercial and legal standards.

Experience And Qualifications

• Bachelor’s degree or higher in the field of Business Administration or its equivalent in a similar specialty appropriate to the job duties with a minimum of 6 years of experience