Commercial Director

Role overview

• ID: 2024-6638
• Entity: Vistry
• Region: Vistry Thames Valley
• Department: Commercial
• Contract Type: Permanent - Full Time
• Job Location: Berkshire, Reading
• Date Posted: 29.11.2024

We have an exciting opportunity for a Commercial Director to join our team within Vistry Thames Valley, at our Reading office. As our Commercial Director, you will direct and lead the commercial strategy of the Business Unit whilst leading, inspiring and motivating the commercial team in order to generate profit.

You will have overall responsibility for the regional Surveying, Buying and Estimating teams and will lead, coach and develop the team to meet departmental targets and achieve success. You will develop, review and implement the Company’s strategic commercial objectives and be responsible for ensuring accurate financial cost control, budgeting and forecasting.

We are pleased to say, this role could accommodate agile working arrangements in accordance with Vistry’s Agile Working Policy and subject to business need.

• Let’s cut to the chase, what’s in it for you...
  • Competitive basic salary and annual bonus
  • Company car, car allowance or travel allowance
  • Salary sacrifice car scheme available to all employees
  • Up to 33 days annual leave plus bank holidays increasing to up to 39 days with service
  • 2 Volunteering days per annum
  • Private medical insurance, with employee paid cover
  • Enhanced maternity, paternity and adoption leave
  • Competitive pension scheme through salary sacrifice
  • Life assurance at 4 x your annual salary
  • Share save and share incentive schemes
  • Employee rewards portal with many more benefits...
• In return, what we would like from you...
  • Behave in line with our company values – Integrity, Caring and Quality
  • Degree in Surveying, Building or similar
  • Experience working within a residential house builder
  • Experience of people management and project leading
  • A good understanding or building regulations and legal obligations
  • A good knowledge or construction methods and materials
  • Be an inspirational leader and a strong team player
  • Experience of supporting business growth
  • Well-developed analytical, oral and presentation / communication skills
  • Ability to formulate commercial plans and ensure full engagement

  Desirable...

  • A Member of the Chartered Institute of Building (CIOB), or Royal Institute of Chartered Surveyors (RICS)
  • Committed to chosen profession by continued self-development, i.e., short courses, seminars
• More about the Commercial Director role...
  • To define, direct and lead a commercial strategy that balances risk to the business with opportunity for income generation to reinvest in the business.
  • To define, direct and lead a commercial strategy that balances risk to the business with opportunity for income generation to reinvest in the business.
  • Manage relationships with subcontractors and third parties to understand their requirements, negotiating ongoing contracts with suppliers and making recommendations as required
  • Anticipate future market developments by working consistently at a strategic level, conducting market research and analysis to create detailed business plans on commercial opportunities as well as to understand any potential risks or threats
  • To direct and lead the governance of the Commercial team, ensuring proper accountability for, and reporting of, all commercial activity and the development of appropriate control systems.
  • To direct the performance of existing commercial business ventures ensuring that contracts are fulfilled, and profit targets are delivered.
  • Oversee the preparation of and authorise land purchase construction budgets and project completion analysis
  • Take responsibility for Construction Surveying duties including budget preparation, cost to completes, authorisation of subcontractor procurement, payments and claims
  • Monitor and oversee the maintenance and updating of development budgets and cashflows. Including Monitoring performance of both cost and cashflow against annual budget to ensure delivery against financial quarter end targets.
  • Advise the wider team on technical solutions, buildability and costs at design stage in conjunction with the Construction Director
  • Prepare relevant KPI and reporting information for senior management/board meetings with the Regional Managing Director and Divisional Chair.
  • To help define and embed a commercial approach to the running of the department across all levels of the hierarchy.  Work with the senior management team to collaboratively guide the development of professional standards, commercial contracts, and service level agreements.
  • Collaborate with and coordinate a strong working relationship amongst key stakeholders within the business, namely Development, Construction and Customer Services
  • To take steps to identify and manage risks commercial and otherwise.
  • To actively support land bid submissions throughout the business unit.
  • To build and maintain effective relationships with key working partners, including the development of strong links at all levels of the business.
  • Market the organisation’s capabilities in the delivery and management of commercial activities and maintain Vistry Homes profile with customers/clients, external bodies, suppliers, and other stakeholders.
  • Manage relationships and cashflow with our RP & PRS partners
  • Manage risk and ensure compliance with legal, regulatory, and internal procedural requirements.
  • Manage and support the performance and development of the Commercial team.

Finally, let’s tell you a bit more about us...