Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 45,000 team members in 17 international markets representing over 100 nationalities - all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.
Role Purpose:
The Vice President - Business Development is responsible for developing and controlling the implementation of a business development strategy ensuring the targeted growth of the business. The role holder is also responsible for initiating, leading and reviewing studies of key growth areas.
Role Details - Key Responsibilities and Accountabilities:
Strategic Planning
Develop and control the implementation of expansion, remodeling, leasing, procurement and asset management strategies, continuously looking into cost efficiency and guaranteeing set quality standards, while minimize business disruption
Provide inputs for the development of the commercialization strategy for shopping malls when required
Develop and oversee the implementation of established standards for property management
Direct strategic initiatives and ensure efficient implementation of related initiatives across all countries
Expansion Investigation
Manage the examination of key growth markets for new business development opportunities and provide leads and inputs to the development team
Develop and review the investigations for potential new countries and the plan to realize the projects considering all administrative and regulation aspects
Identify new development schemes in order to make the expansion feasible and efficient
Support the presentation of the market and feasibility studies for the Senior Vice President Development and Government Affairs
Provide inputs for the comparative study that can contribute to the efficiency of the assets in respect to the commercial concept
Ensure the return of investment for developed projects by taking all pre-emptive measures based on best practices and take corrective measures if necessary
Support M&A projects where relevant
Project Management
Oversee and ensure timely and proper execution of projects in line with set plans and budget
Keep abreast of local/regional events which may likely impact the project success
Real Estate, Property & Asset Management
Provide inputs for land and asset acquisitions suitable for retail projects when required
Approve agreements based on negotiations for land and supplies procurement and provide inputs on the best solutions when required
Ensure established contracts and agreements are competitive and minimize MAF Retail\'s risk exposure.
Ensure consistency of format and assets deployment (format playbook, asset books)
Ensure proactive maintenance of all the real estate facilities
Relationship Management
Approve selected services providers, building companies and contractors, based on the set policies and procedures while assuring consideration planned budgets and timings
Support all government affairs meetings with high level authorities to ensure support in MAF Retail business activities when required
Proactively maintain strong business relationships with key internal / external stakeholders to leverage business opportunities
Ensure regular coordination and communication with relevant stakeholders in MAF Holding and other OpCos
Human Capital Responsibilities
Build strong talent and capabilities, ensure the implementation of the performance management process
Provide mentorship for the purpose of developing a continuous talent pipeline for key roles
Identify training needs and coordinate with the HC department to ensure facilitation of training requirements
Oversee the development and implementation of on the job-training
Ensure constant availability of the required competent staff to support the organization in meeting all its responsibilities, plans, and objectives
Provide inputs while developing MAF Retail\'s corporate policies and relevant procedures, and monitor the implementation
Disclaimer: This role description reflects the general details considered necessary to describe the principal responsibilities of the role identified and shall not be construed as an exhaustive description of all the work requirements inherent to success in the role.
Definition of Success
Successful project completion
Return on investment
Correct resource allocation
Achieving organization targets
Organization business growth
Successful strategy implementation
Other Context (if applicable):
N/A
Functional/Technical Competencies
To Be Added
Qualification, Experience & Skills:
Minimum Qualifications/education
Bachelor\'s Degree in Business Administration / Commerce or equivalent
MBA is preferred
Minimum experience
12+ years of experience in a managerial role, 5+ years in retail business development
Skills
Management of a large and complex organization, solution oriented