Assistant Director

6 days ago

Dubai, Dubai, United Arab Emirates Dubai Holding Full time

About Dubai Holding Real Estate:

Dubai Holding's real estate business has developed strategic destinations and communities that offer unique and attractive lifestyle opportunities to meet the evolving needs of Dubai's residents and visitors alike. As a master developer, we invest in sustainable infrastructure, accessibility, community amenities and family-focused facilities including community centres, mosques, schools, supermarkets and landscaping.

Our integrated real estate offering also includes a robust land sales portfolio, project management for large-scale projects, as well as top-notch facilities management services.

About the Job:

An opportunity has arisen for an Assistant Director- Cost Control & Budgeting to join Dubai Holding Real Estate. They will be responsible for managing and optimising the financial performance of real estate development projects, maintain commercial information and ensure compliance with approved budgets and contractual requirements in order to ensure project target cost objectives are achieved. The main duties and responsibilities of this role:

  • Support Development Directors across projects to prepare annual budgets.
  • Manage cost control procedures and systems to monitor project budgets and expenditure with Project Management Companies and Cost Consultants for new master development projects
  • Monitor project costs throughout the project lifecycle, identify budget variances and analyze its impact on project profitability.
  • Identify cost variances and recommend corrective actions to mitigate financial risks.
  • Examine financial data to ensure projects remain within budgetary limits.
  • Establish cost baselines and ensure alignment with project financial objectives.
  • To optimize design solutions for cost-effectiveness, ensure value-for-money through the best-fit technical approaches, and implement value engineering and commercial risk management strategies.
  • Conduct regular audits and reviews to ensure adherence to cost control procedures and compliance with financial regulations.
  • Collaborate with procurement and vendor management teams to negotiate favourable contracts and pricing terms.
  • Negotiate with vendors and suppliers to achieve cost savings while maintaining quality standards.
  • Prepare cost & budget reports, detailed presentations, file notes and other materials for internal and external stakeholders.
  • Continuously review and improve cost control and budgeting processes.
  • Leverage technology and tools to enhance efficiency in financial management

About you:

The ideal candidate for this position will have the following experience and qualifications:

  • Bachelor's degree in Civil Engineering, Master's degree preferred.
  • Minimum of 10 to 12 years experience in a similar field in UAE
  • Experience working on large master plan communities will be preferred in Dubai/UAE.
  • Experience in tendering, procurement, cost analysis, budgeting, and financial reporting. Strong analytical skills with advanced proficiency in Excel and reporting/software tools.
  • Strong budgeting, forecasting, and cost control abilities. Excellent planning and organizational skills to drive operational excellence and deliver results.
  • Strong leadership, mentoring, and negotiation skills.
  • Strong verbal and written communication skills. Takes ownership of responsibilities and ensures accountability for results, providing timely and effective solutions.
  • Develops and maintains strong relationships by identifying and anticipating customer needs. Encourages innovation by seeking new insights and opportunities for success.

About the Benefits:

At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.

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