Senior Commercial Development Manager - 12m FTC
As a Senior Commercial Development Manager at HS2 you will take responsibility for managing five specific sites for the Commercial Development Directorate at Euston and Old Oak Common.
The role will encompass taking sites from the preparation stage through to revenue realisation, as well as other tasks necessary to maximise value.
Oversee the development of site specific property development plans at Old Oak Common and manage day to day Property Development matters.
Key focus on the day-to-day development management and delivery of the Old Oak Common project (2,000 sq. m) adjoining the proposed superhub station.
Support the Head of Commercial Development (London) to manage the contract with the Euston Master Development Partner. Tasks under this role will include:Monitoring the MDP’s implementation and delivery of the approved project business plan for the Euston Estate.
Supporting delivery of the Directorate’s business plans and annual budget
Leading financial due diligence and appraisal analysis to identify individual projects and options and allow informed decision making
Undertaking 3rd party supplier management and contractor management for specialist skillsets (e.g. architects, town planning, technical, commercial, legal and property valuation advisers)
Interfacing regularly with the landowners, Department for Transport (DfT) & Network Rail (NR), to drive the development programme forward alongside the MDP
Interfacing with town planning specialists and ensure delivery of appropriate planning applications and consents that are fit for purpose and aligned with the business plan
Preparing necessary plans, business cases and financial reports to support identification of suitable delivery mechanisms (e.g. disposals, revenue share and profit share mechanisms) to deliver approved Property Development projects.
Where relevant, work closely with the appointed MDP partner for Euston, and the future partner for Old Oak Common, ensuring delivery against defined contractual and business plan requirements.
Take line management responsibility for the supervision, motivation and development of any support staff allocated to this role.
You will have the ability to develop and maintain a wide network of internal and external relationships, and act as ambassador for HS2 Ltd, and the Commercial Directorate where appropriate.
You will work with and win the confidence of a multiple internal and external stakeholders, including the HS2 station delivery teams.
- Effective IT and financial appraisal skills encompassing both standard business desktop packages and property specific packages such as ‘Argus Developer’ and the preparation, and interrogation of development appraisals and discounted cash flows using Microsoft Excel.
You will ideally be MRICS or IOB qualified or substantial practical experience of managing development teams.
Have an understanding of core property development concepts and delivery techniques, inter alia; town planning, property law (development agreements, building agreements, investment leases, planning and GDV overage deeds) construction and engineering principles, procurement, project management etc.
Knowledge of core property valuation and development appraisal techniques and able to undertake robust evaluations, financial modelling and risk evaluation studies.
- Monitoring and managing live project development accounts.
Commercial legal knowledge to instruct solicitors in relation to disposals, structuring joint ventures, development agreements, timely and correct service of notices, leases, sub-letting, assignments, acquisitions, etc.
- Knowledge of Town Planning issues and requirements across London
The post-holder is expected to behave at all times in a manner consistent with the HS2 values of Safety, Leadership, Integrity and Respect
It is expected that you will actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work and support and comply with all organisational initiatives, policies and procedures on EDI.
We ask for a variety of detail in your online application, however we perform the first assessment of suitability for a role based solely on the information in your CV. Please attach an updated word version of your CV for each new application and include evidence directly related to the criteria in the job advert.
High Speed 2 (HS2 Ltd) will be the UK’s new high speed rail network. As well as improving capacity, the new scheme will shorten journey times between a number of Britain’s major population centres, boost the economy and create thousands of jobs.
HS2 Ltd will create a skills legacy and develop a diverse range of talent. We aim to be a leader in EDI practice by creating a safe & inclusive working environment for all our staff - living our values of Safety, Respect, Integrity and Leadership.
In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.
HS2 Ltd is also a safety-critical organisation. Employees are required to ensure reasonable care of their own and others’ health and safety by taking personal responsibility for working to our ‘Safe at Heart’ programme principles and following safe working procedures at all times.
HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential.