Senior Commercial Associate at Majid Al Futtaim (Dubai)
Job Summary
Majid Al Futtaim Properties, the premier shopping mall, retail, and leisure pioneer across the Middle East and North Africa, is seeking a strategic and analytical Senior Commercial Associate in Dubai. This key commercial management role involves leading cost planning, managing procurement evaluations, driving project budgeting, and overseeing financial coordination across major landmark real estate development projects from inception through completion.
Key Responsibilities
- Lead preliminary cost planning, feasibility estimates, and detailed budget preparation for commercial real estate developments and retail projects.
- Manage the tender process, including preparation of tender packages, commercial evaluation of supplier/contractor bids, and contract negotiations.
- Monitor ongoing project expenditure, track budget variances, and administer contract variations, claims, and final account settlements.
- Collaborate closely with project development teams, external consultants, and financial stakeholders to align procurement with strategic timelines.
- Conduct value engineering exercises to optimize construction and development costs without compromising design or quality standards.
- Prepare comprehensive monthly commercial performance reports and cash flow forecasts for executive leadership.
Job Overview
| Employer | Majid Al Futtaim Properties |
|---|---|
| Job Location | Dubai, United Arab Emirates |
| Role Title | Senior Commercial Associate |
| Monthly Remuneration | Tax-Free Executive Salary Package (Based on Qualifications & Experience) |
| Educational Requirement | Bachelor’s Degree in Quantity Surveying, Construction Management, Commercial Management, or Finance (MRICS is a plus) |
| Technical Capabilities | Cost Planning, FIDIC Contracts, Procurement, Financial Modeling, Construction Law |
| Experience Level | Minimum 5 to 8 years of relevant commercial management experience in major real estate developments or consultancy |
| Work Schedule | Full-time Executive Contract |
| Benefits Included | Executive Health Insurance, Annual Flight Allowance, Performance Bonus, Employment Visa, End-of-Service Gratuity |
Career Preparation Guide & Candidate Advice
How to Stand Out for Commercial Management Roles at Majid Al Futtaim
- Emphasize Large-Scale Project Portfolio: Highlight specific retail, mixed-use, or hospitality development budgets you have managed (e.g., "Managed commercial operations for a $150M+ retail expansion project").
- Detail Contractual Expertise: Explicitly mention your hands-on experience with FIDIC forms of contract, procurement strategies, and variation control.
- Highlight Professional Accreditations: Place credentials such as MRICS (Royal Institution of Chartered Surveyors) or equivalent professional memberships prominently on your resume.
- Focus on Value Engineering: Provide examples where your financial analysis or commercial negotiations led to measurable cost savings for property developments.
Common Commercial Management Interview Questions & Advice
- Question: How do you handle major contractor variations and claims to protect project budgets?
Tip: Explain your methodology for rigorous contractual verification against baseline scopes, rate benchmarking, transparent negotiation techniques, and maintaining clear audit trails. - Question: What key factors do you prioritize during commercial tender evaluations for landmark developments?
Tip: Discuss balancing price competitiveness with technical compliance, contractor financial stability, risk allocation, and track record in delivering high-specification projects on schedule.
Direct Official Link: Apply directly on the official Majid Al Futtaim careers portal. NYAGULF JOBS never charges candidate fees.
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