Commercial Manager (Real Estate Industry)📣 Job Ad

About the Role

Jobskey Search and Selection is seeking an experienced Commercial Manager to oversee commercial governance, contract management, change management, claims supervision, and payment review activities across a large development portfolio in Riyadh, Saudi Arabia. This role is pivotal in protecting project value, proactively managing commercial risks, and ensuring accurate management of contractual obligations throughout the entire development lifecycle.

Key Tasks and Responsibilities

• Lead and manage contract lifecycles, including variations, claims, and final account settlements, with a strong focus on FIDIC standards.
• Develop detailed project budgets, conduct accurate cost analyses, meticulously track cash flow, and implement continuous cost control measures to prevent budget overruns.
• Identify potential commercial risks, develop effective mitigation strategies, and lead negotiations with clients, subcontractors, and suppliers.
• Prepare regular and comprehensive financial forecasts, commercial dashboards, and progress reports for senior management and key stakeholders.
• Direct and mentor commercial and quantity surveying teams to ensure adherence to company objectives and KPIs.
• Oversee commercial governance, contract management, change management, claims supervision, and payment review activities.

Qualifications and Experience Required

• Bachelor's degree in Quantity Surveying, Engineering, Construction Management, Law, or any closely related discipline.
• Progressive experience of at least 10 to 15 years in commercial management, contract administration, claims management, change control, and general commercial supervision of projects.
• Proven experience in real estate development, construction, infrastructure, consultancy, or project management environments.
• Strong understanding of construction contracts, effective procurement strategies, claims management principles, payment processes, and commercial risk management.
• Demonstrated experience in managing agreements with key consultants, Project Management Consultants (PMC), contractors, and suppliers.
• Professional qualifications such as MRICS, RICS, CIOB, PMP, or a Contract Management certification, or equivalent, are highly preferred.

Core Skills

• Commercial Governance
• Contract Management
• Change Management
• Claims Supervision
• Payment Review
• Cost Management
• Budgeting
• Cost Analysis
• Cash Flow Tracking
• Cost Control
• Risk Management
• Procurement Strategies
• Negotiations
• Financial Forecasting
• Commercial Dashboards
• Progress Reporting
• Team Leadership
• Quantity Surveying
• FIDIC Standards
• Construction Contracts
• Payment Processes

Job Details

This is a full-time position requiring over 10 years of experience, overseeing the commercial aspects of real estate development projects in Riyadh, Saudi Arabia.