Manager - Investments | Real Estate | Valuation & Feasibility

Job Description

Job Requisition ID: 158276 Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions automotive, financial services, real estate, retail and healthcare employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the worlds most admired and innovative brands. Al-Futtaim Groups entrepreneurship and relentless customer focus enables the organization to continue to grow and expand responding to the changing needs of our customers within the societies in which we operate. By upholding our values of respect, excellence, collaboration and integrity Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every dayOverview of the role Join our dynamic team as a key player in our Investment team! As the role holder, youll spearhead financial analysis for acquisitions, development projects feasibility, and strategic planning. Take charge of valuation, master plan feasibility, and funding models, ensuring governance and meticulous management of our feasibility and valuation models. Your expertise will contribute to the safe custody and regular updates of investments and financial analysis reports.Youll be at the forefront of financial analysis for existing real estate investments, collaborate with senior management to implement asset management strategies, manage dashboard reporting, and conduct yearend portfolio valuations for diverse property types- residential, retail mall, commercial office, hospitality, and industrial.What you will do

• Liaise with Al Futtaim Investment department and external consultants to ensure accurate project cost/revenue and market trend information is integrated into investment reporting and management processes
• Create benchmarking tool for Revenue, OPEX, CAPEX, and Investment Yields
• Fully own the update of feasibility files through Estate Master and carry out ad-hoc analysis on Estate Master or bespoke excel models to support commercial and business decision making
• Coordinate input with various stakeholders to Produce feasibilities for new projects
• Challenge input, ensure full audit trail of sources and ensure obtaining internal / external sign offs to assure assumptions are verified and are within market rates and tolerance
• Ensure compliance with the processes and procedures governance and timely system updates
• Ensure timely input and maintenance of information in the relevant systems
• Ensure that feasibilities are updated in a timely manner responding to key changes in assumptions
• Ensure Estate Master is fully used as the single source of truth for projects feasibilities
• Own and manage the process of yearend valuation and manage the various stakeholders related to this exercise
• Produce internal valuations as well as coordinate external valuations for the nominated assets
• Liaise with business owners to obtain sign offs on valuation assumptions and methodology used
• Play a leading role in the process of masterplan feasibilities, capital budgets, and strategic plans along with funding requirement, returns analysis, and sensitivity analysis
• Support the business with new M&A Real Estate ventures and due diligence mandates through rigorous financial modelling, preparing feasibility analysis, market research, due diligence.

Required Skills to be successful

• Minimum experience of 10+ years in relevant investment and real estate feasibility field and industry
• Working knowledge of the construction/development and real estate industry including hospitality, commercial, retail, residential is required
• Must have experience using Estate Master software and building Excel feasibility model
• Experience of managing real estate valuations through Argus

What equips you for the role

• Business degree in Accounting, Economics or Finance
• Qualification of CFA / CAIA / CMA / CFI
• RICS qualification is preferred

About Al-Futtaim Group Real Estate The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years. Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us. AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.

Keyskills :
Asset Management Excel Argus Due Diligence Commercial cfi financial analysis Retail RICS Hospitality Cma Construction Development Strategic Planning Investment Valuation Residential market research Financial Modelling CFA

About Company

The Al-Futtaim Group is a large conglomerate based in Dubai, United Arab Emirates.As a family-owned business, we take a long-term view in everything we do, because we believe that sustainable success requires uncompromising commitment.
That’s the reason why some of the world’s most admired and innovative brands from the USA, UK, Japan, Sweden, France, Germany and Switzerland – from sectors as diverse with each other as automotive, retail, real estate and finance – trust Al-Futtaim with their own reputation and commercial success since the 1930s.
And through our inherent customer-centric approach and relentless pursuit of perfection, we add significant value – connecting consumers in 20+ markets with these brands in contemporary, powerful, meaningful and emotional ways that create longstanding relationships based on loyalty and mutual trust.