Al Futtaim Jobs - Chief Feasibility Analyst | Al Futtaim Group Real Estate | Dubai (Dubai, AE)

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

 

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

 

Come join us to live well, work better, and be the best.

      

       About the Role

 

The role holder will be responsible to assist with financial analysis of acquisitions, development appraisal, strategic planning, valuation, master plan funding model and estate management KPIs for the Real Estate Group. The jobholder will manage and own the feasibility and valuation models and would ensure safe custody and regular update of the investments and financial analysis reports

Specialist focus on financial analysis of existing real estate investment performance and appraisal of future development opportunities using bespoke excel Estate Master and Argus software.  Assisting the senior management to implement the Asset management strategies, managing dashboard reporting, year-end portfolio valuations and providing key support in budgets and strategic decision-making. Assisting senior management, the annual valuation of a wide range of property types (residential, retail mall, commercial office, hospitality and industrial) within Real Estate Group.

 

About the Responsibilities

• Produce feasibilities for new projects in conjunction with the Feasibility Manager.
• Review performance of existing projects against feasibilities on a monthly basis and in conjunction with concerned departments such as commercial, sales, leasing, marketing and finance.
• Ensure Estate Master is used as the project consolidation tool and is populated with relevant data in a timely manner.  This will involve coordination between departments and clear analysis of results.  A sanity check and follow up is part of this process along with obtaining external benchmarks to assure assumptions are within market rates and tolerance.
• Cash flow coordination between departments in commercial, finance, sales, treasury, leasing and marketing.  Preparation of the report in excel and tying to latest Estate Master data.
• Update research to maintain relevance across all regions where we are active in development or operations. 
• Run year-end internal valuation and support with the negotiation with auditors to close year-end impairment testing. Liaising with business owners to obtain sign offs on valuation assumptions and methodology used
• Support and follow up with external valuators to obtain year-end valuation for security loan package mortgaged assets

 

About the Requirements

Minimum Qualifications and Knowledge: 

• Business degree in Accounting, Economics or Finance
• Qualification of CFA / CAIA / CMA / CFI is an added advantage

Minimum Experience:

• 2-3 years’ experience in a similar role.  5+ years of experience in the finance field.  MENA region experience an advantage.
• Working knowledge of the construction/development and real estate industry including hospitality, commercial, retail, residential and infrastructure developments would be an advantage

Job-Specific Skills: 

• Advanced financial modeling skills, exposure to project evaluation and business case preparation. 
• Excellent business acumen and advanced investment appraisal, analytical, problem solving and decision making skills.
• Experience in Estate Master and Argus Enterprise an advantage
• Proficient in MS Office including Word, advanced Excel skills and PowerPoint
• Strong communication and report writing skills with fluent verbal and written communication in English
• Ability to communicate with all levels within the organisation
• Confidence and presentation skills.
• Flexibility to travel

Behavioural Competencies:   

• Superb team player
• Superb communication, influencing and relationship-building skills
• Problem solving
• Commercial and Business Acumen
• Systems thinking
• Learning agility
• Ability to deal with diversity
   

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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