Strategic Financial Leader

2 weeks ago


Dubai, Dubai, United Arab Emirates Dubai Holding Full time

About Dubai Holding:

We are a master developer that creates unique lifestyle opportunities for residents and visitors in Dubai. Our integrated real estate offering includes land sales, project management, and facilities management services.

**Job Overview:**

An opportunity has arisen for an Assistant Director- Cost Control & Budgeting to join our team. The role is responsible for managing the financial performance of real estate development projects, maintaining commercial information, and ensuring compliance with approved budgets and contractual requirements.

Main Responsibilities:

  • Support Development Directors to prepare annual budgets for new master development projects.
  • Manage cost control procedures and systems to monitor project budgets and expenditure with Project Management Companies and Cost Consultants.
  • Monitor project costs throughout the project lifecycle, identify budget variances, and analyze their 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.

Requirements:

  • Bachelor's degree in Civil Engineering or related field.
  • Minimum 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.


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