Executive General Manager, Investment

2 weeks ago

Greater Melbourne Area, Australia Development Victoria Full time $150,000 - $200,000 per year

The Organisation

Capstone Recruitment is proud to partner with Development Victoria, the Victorian Government's development arm, in the search for an outstanding leader to drive its ambitious property and investment portfolio.

Development Victoria is passionate about creating places where people and businesses can thrive, from revitalising iconic public buildings and precincts, to delivering sustainable communities across the state. Their projects transform Victoria's skyline and strengthen its social and economic fabric.

The Opportunity

This is your chance to set the strategic direction for a multi-billion-dollar development pipeline spanning housing, infrastructure and precinct projects. In this leadership role as the Executive General Manager, Investment & Portfolio Management, you will engage Government and the private sector to identify new project opportunities and assess these in line with financial and strategic priorities.

Core Accountabilities:

  • Shape and deliver a portfolio strategy that drives growth, innovation, and community benefit.
  • Originate and secure major projects through strong partnerships with government and the private sector.
  • Oversee high-value transactions - acquisitions, disposals, joint ventures, and complex development agreements.
  • Lead the development and implementation of portfolio strategies to identify, evaluate, and prioritise opportunities across a diverse range of housing, infrastructure and precinct development projects.
  • Provide strategic advice at Board and CEO level, ensuring all investment decisions are backed by rigorous financial modelling and risk and opportunity assessment.
  • Build a high-performing team with deep expertise in project origination, commercial structuring, revised development strategies for existing assets, planning and environmental and social impact.

What You Bring

  • 15+ years' experience in development, investment management and/or origination.
  • Tertiary degree or higher qualification in relevant fields.
  • Proven commercial and financial acumen, with experience in complex deal-making.
  • A deep understanding of government priorities, market drivers, and stakeholder engagement at the highest level.
  • Strategic thinking, problem-solving skills, and the ability to deliver both policy objectives and commercial outcomes.
  • Track record leading senior teams, building a high-performance culture, and delivering complex, high-value property and investment projects

Employee Benefits

  • Strong collaboration across teams to work virtually and flexibly
  • Professional development opportunities available including;

o Study support

o Mentoring programs

o Opportunity to participate in cross functional working groups that drive diversity and inclusion and sustainability initiatives.

  • Novated leasing
  • Purchase leave
  • Paid parental leave
  • Technology salary sacrifice
  • Employee referral bonuses
  • Health & Wellbeing initiatives such as EAP and mental health and wellbeing leave
  • Access to group life & group salary continuance insurance
  • Modern onsite facilities

Application Process

If you're a visionary leader ready to make a lasting mark on Victoria's future, we'd like to hear from you. Please click 'apply now' or contact Theo Georgakopoulos from Capstone Recruitment at to arrange a confidential discussion.

Please submit your application by 31st of August 2025. Applications received after this date, may not be considered.

Please note, only preferred candidates will be contacted.

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