Chief Investment Officer

Job Description

Responsibilities

• Lead to the development of firm’s investment strategy in line with the company’s corporate strategy and setting investment objectives while ensuring coordination with various internal and external stakeholders to achieve business continuity and profitability.
• Ensure that the strategy is translated into operational business plans for the investment function and monitor the performance and execution of those plans in line with the company’s vision and mission
• Manage assets to define short, medium, and long-term investment strategies and provide advice to the management of potential growth opportunities.
• Lead the development and implementation of processes for financial risk identification for the analysis and mitigation of risk exposure on investments.
• Prepare the basis for decisions on investment opportunities to be taken to the Chief Executive Officer and Board of Directors.
• Direct industry research and investment analyses and ensure that coordination is maintained between all investment teams to identify areas of value maximization within the project.
• Maintain a thorough awareness of market conditions in KSA, the GCC and international markets to allow informed decision making concerning the overall investment strategy.
• Direct strategic analysis to identify the deal pipeline for future investments, in liaison with overall strategy and ensure the accuracy of analysis and appropriateness of the new investment.
• Direct the formulation of a corporate marketing strategy and budget allocation for, aimed at positioning as the leading company in the real estate market.
• Oversees and approve on the analysis of investment opportunities presented for, ensure accuracy in terms of its feasibility, Capex, revenues streams to provide the Chief Executive Officer information to facilitate business decision making.
• Ensures regular provision of inputs to the marketing function, to help the development of marketing initiatives for housing and commercial projects, to enable effective sales.
• Oversee the identification and sourcing of new investment opportunities to expand and increase market share and attract local and international investors, thus contributing to the sustainable growth and competitiveness of the organization.
• Develop deep real estate market knowledge through maintaining contacts with research agencies, partners, industry networks and financial institutions to be aware of market movements.
• Approve on investment modelling of projects (private equity investment, joint venture, etc.) to define the appropriate investment model to ensure that all aspects of the investment are feasible and in line with strategic objectives.
• Build and manage a motivated, engaged, and competent workforce throughout the Investment, by setting priorities and objectives, managing performance, and providing ongoing feedback and coaching to meet the organizational challenges and goals.
• Identify the respective function employees’ training and developmental needs and bridge the knowledge gaps to ensure continuous progression and high-level of competence within the team.
• Prepare the Investment Function’s budget and monitor actual expenditure against the approved budget so that the business is aware of anticipated costs/revenue and unsatisfactory performance areas are identified and rectified promptly.
• Ensures adherence to approved CAPEX and OPEX budget for respective projects (residential and commercial), through regular monitoring ensuring project profitability across all projects.
• Monitor operational and financial performance of the investments and prepare regular reports on the portfolio’s performance to ensure compliance with the overall budget.
• Review and approve budgets and provide monthly updates to rolling forecasts and cash flow consolidation.
• Direct the development of the Investment Function policies, systems, processes, and procedures to ensure the consistent application and ease of business support operations.
• Ensure that all reports of the Investment Function are prepared timely and accurately and meet requirements, policies, and standards.
• Stimulate subordinates and contribute to the identification of opportunities for continuous improvement of investment function systems, processes and practices considering ‘international best practices’, improvement of business processes, cost reduction and productivity.
• Ensure compliance to relevant safety, quality and environmental management policies, procedures, and controls across the department to guarantee employee safety, legislative compliance, and a responsible environmental attitude.

Education

• Bachelor’s degree in Finance, Business, or any related field
• MBA, or master’s degree in Finance or any related fields (preferred)
• Financial and/or investment certificates – CFA or similar

Minimum Experience

• Twelve to fifteen years of experience