Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: Minimum: 8-10 years minimum
  • Industry: Investment Banking/Asset Management

Job Summary

  • Functional Area: Real Estate
  • Location: Riyadh, Saudi Arabia
  • Job Role: Head of Real Estate
  • Reporting to: Chief Investment Officer


  • Conduct a periodic inspection and visits for the properties.
  • Reviewing maintenance contracts.
  • Follow up on maintenance and services taking place.
  • Handle the tenants issues, requests and concerns and lease agreements with the property manager company.
  • Give suggestion for upgrading the properties.
  • Coordinate with the property manager assigned for the assets.
  • Visit assets willing to acquire and prepare reports for the management on the assets current condition.
  • Visit projects under development and prepare a periodic report on the progress.


  • Provides management and direction for a portfolio of assets including ensuring that all terms and conditions embedded in any property management or project management contracts with third party or affiliated service providers are adhered to.
  • Formulates strategies to maximize value and performance of assets; communicates and monitors strategies as developed and implemented.
  • Monitors and reports portfolio risks to the Fund management.
  • Monitors monthly & quarterly Property Management reports prepared by third party or affiliated service providers. Routinely monitors actual asset performance compared to budget.
  • Oversee disposition process of existing assets, including overseeing marketing materials, due diligence, and closing requirements.
  • Provides property level updates for Fund’s quarterly reporting package.
  • Evaluates and reports on property performance relative to
    forecasts, asset strategies, and investment targets.
  • Quarterly and annual asset valuations in accordance with the Valuation Policies & Procedures as established by the Fund.
  • Participates in structuring and negotiating lease deals.
  • Coordinates and prepares materials required for submission to Investment Committee, Boards and institutional investors.
  • Monitors real estate market reconnaissance to keep apprised of changes in local markets.
  • Provides timely reporting of assets under development and monitors the Project Manager’s adherence to development reports.
  • Oversees and manages productivity of third party or affiliated leasing professionals and adherence to underwriting proformas.
  • Quality Assurance and Quality Control (QAQC) on all property performance information going to the Fund.
  • Drives post-opening absorption with property management and third party leasing agents.
  • Monitor major property level operational and capital expenditure issues.
  • Oversee the preparation of budgets and strategic plans for each asset.
  • Interacts with senior management, investors, brokers, and other third parties as needed regarding assets and/or asset
  • Negotiates property management contracts with third party or affiliate service providers and monitors negotiation process with third-party property managers, as needed.
  • Assists, as needed, with the underwriting, due diligence, capital markets and closing processes of acquisition and development opportunities.

Interested candidates please send your CV and contact details to referencing ‘Head of Real Estate’ in the subject