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Posted: Thursday, July 19, 2007
Incorporated in Portugal in 1989, Sonae Sierra (www.sonaesierra.com) is an international shopping centre specialist passionate about bringing innovation and excitement to the shopping and leisure industry. The integrated approach to the shopping centre business includes the ownership, development and management activities.
A leader in the Iberian market, Sonae Sierra has created new retail formats and innovative concepts having a significant role in the modernisation of the shopping centre concept. Introducing new formats, integrating retail and leisure and several innovative concepts in the shopping centres industry: Shop Utilisation Contracts in shopping centre; Themed Shopping centres; “Green” Shopping centres; Full integration of leisure with retail and services.
The company has earned an international reputation for the development of innovative products as well as for is management skills, and has been awarded more international prizes than any other company in this sector. Sonae Sierra is present and operating in: Portugal, Spain, Italy, Germany, Romania and Greece, in Europe; Brazil, in South America.
In 2006 the Company´s consolidated net profit rose to € 270.6 million Euros. The Net Asset Value (NAV) of the company’s properties increased to € 1.490 million Euro, 18% more than in 2005. Sonae Sierra´s EBITDA grew to € 150.3 million in 2006, an increase of 20%, compared to € 125.7 million in 2005. The Company owns or co-owns 44 Shopping Centres, with a total Gross Lettable Area (GLA) of more than 1,6 million m2. Currently, Sonae Sierra is developing 15 more projects with a total GLA of more than 500.000 m2. In 2006, its centres welcomed more than 400 million visits.
In Romania, Sonae Sierra has agreed with a Romanian developer based in Ramnicu Valcea, and current owner of the property, to acquire the already operating shopping centre River Plaza Mall. “River Plaza Mall becomes our 44th shopping centre and its acquisition represents the continuing of our long-term expansion strategy as trough this deal we get our first investment in Romania trough an operating shopping centre” said Álvaro Portela, CEO of Sonae Sierra.
The Project Manager will coordinate and closely monitor the development of new projects as well as the related project tasks, namely, work out project details, coordinate construction projects and licensing, work within the project, the approved budget, and legal norms of civil construction for each case in a way that guarantees the quality of the final product and meets the costs and deadlines defined for the project.
Main Responsibilities:
Budget
• Prepare the project’s overall budget while still in the viability-assessment phase, estimating the necessary investment totals. Ultimately and above all, providing the elements of decision making support.
• Analyse the actual costs of the project, comparing them with the budget figures in order to detect expenses which stray from the budget and point out their respective causes.
• Prepare and develop monthly estimate cost projections in order to guarantee the means and amounts of financing needed to carry out the job in a timely manner.
Project
• Coordinate the project team in preparing the technical design of the project, securing total integration and compatibility of projects of various natures, in lieu of avoiding errors or omissions.
• Study alternatives and propose the best solutions, in terms of materials, suppliers and equipment, seeking to guarantee that the quality-cost ratio is optimized and that the job completion timeline is reduced.
• Supervise the Technical Management (inspection) team not only in organizing processes (contracts, technical and legal conditions, expense reports) but also in launching project and contracting bids, analysing the price proposals obtained and coordinating the negotiation meetings in order to guarantee legal and economic compliance as well as the essential planning to carry out the project.
• Accompany the construction, in collaboration with the Technical Management team, focusing on the fulfilment of the conditions as defined by the contract, in terms of quality and cost planning, as well as securing that invoices presented are approved correctly.
• Administer, on a monthly basis the out-paying invoices, processing the respective approved payments and finally guaranteeing their being sent to accounting for payment.
Licensing
• Establish contacts with official offices, seeking to guarantee that viability will be obtained; licenses and permits will be approved, ultimately guaranteeing the legal compliance of the projects.
In light of the job specifications, we consider the Project Manager should possess the following profile:
Engineering or Architecture or Urbanism degree supplemented by Project Management experience in real estate large scale development.
MBA or PhD in Management (preferred)
Languages – Romanian as mother language and fluent in English, both spoken and written
We need a person with high geographic mobility to travel;
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