Director - Commercial - 20004750 (CDU911)

Associate Director - Commercial - (CDU911)

The Director - Commercial is responsible for overseeing budget management, cost control, and comprehensive reporting for major transport infrastructure projects. This role will have strong expertise in various systems associated with reporting and forecasting including Power BI, PRISM or similar systems. This role ensures financial discipline, accurate forecasting, and detailed reporting to support strategic decision-making and project success.

Responsibilities

• Champions QIC's "Safety First" value, specifically confident in enacting ‘Stop Work' authority, engage in relevant health / safety / wellbeing standards and behaviors
• Role models leadership behaviors, in line with the Qiddiya Values, always
• Motivates and inspires a high-performance culture through clear direction, providing continuous feedback, recognizing, and rewarding exceptional performance and fostering an environment of collaboration, innovation, and accountability
• Supports in the development of the Contracting strategy to achieve QIC's strategic objectives
• Ensures compliance with all legal and regulatory requirements related to commercial activities
• Develops, with relevant stakeholders, the Contracts budget in alignment with the organization's budgetary requirements to allow effective delivery of desired objectives
• Leads the commercial and financial management and reporting, collaborating closely with Directors to define objectives, track progress, and achieve targeted business outcomes.
• Identifies trends and risk related to Cashflow forecasting against cash expenditure targets
• Leads and oversees the implementation of contracting strategies, overseeing contracts administration and change management process, leading value engineering where applicable - applying to end-to-end contract lifecycle
• Oversees the preparation and monitoring of project budgets, cost forecasts, and cash flows, ensuring alignment with financial objectives and constraints
• Provides leadership, guidance, direction, and specialized assistance to projects for the resolution of difficult and complex project budgeting, reporting, and cost control problems
• Develops and implements risk management plans incorporating their risk management policy, procedure, and process
• Maintains appropriate risk management across the projects, including the management of risks, issues, and opportunities
• Measures and reports risk management performance at both Program and Project levels
• Endorses continuous improvement initiatives through recommendations, updates and changes to team activities, policies, and procedures
• Oversees support provided to development teams regarding disputes and contract interpretation to ensure effective negotiation and settlement of claims to all development projects' teams in as needed
• Coordinates closely with the Projects and Project Controls function in relation to implementing an effective controls system on budget, cost, report, risk, and change management
• Leads the development of procurement strategies and packages to support the central procurement team and provide recommendations and support as needed
• Collaborates with project managers and other departments to ensure accurate and timely financial reporting
• Leads the implementation of policies, software and processes
• Leads stakeholder management on behalf of the commercial function
• Maintains consistent and standardized reporting practices
• Mentors and develops a team of commercial and reporting specialists, fostering a culture of continuous improvement and professional growth

Qualifications

Prioritize wellbeing

Communicate truthfully and straightforwardly -

Encourage innovation with an open, nimble approach

Open, honest engagement with all stakeholders

Respect diverse cultures

Ask direct, rational questions

Bachelor's degree - Quantity Surveying, Commercial Management, Cost Engineering, Legal or related field

Royal Institute of Chartered Surveyors preferred

10 - 15 years' Commercial construction delivery experience - ideally Contractor and Consultancy and working in Program wide roles, working with large commercial teams across multiple projects

Location : Riyadh, Saudi Arabia

#J-18808-Ljbffr