Siemens Mobility seeks to hire a Commercial Project Manager (CPM) responsible for all commercial aspects relating to a customer contract (Project) beginning with the sales phase through the end of the complete project execution phase. The CPM is fully responsible for financial and commercial management (Contract, costs, revenue, and cash flow) throughout the project execution phase. This position encompasses sales controlling, performance measurement, planning, forecasting, and reporting. Primary contacts for the CPM include Customers, Suppliers, Project Managers/ Engineers, Procurement, Legal Department, Operational Review, other Commercial Project Managers, Head of local Finance & Business Administration, internal and external Auditors, and central Financial Services.
-Ensure proper financial project set up, including WBS structure, in line with the agreed project budget and company internal contractual arrangements.
-Set up a financial performance plan for the project based on the planned delivery schedule for the offered scope during the sales phase and manage it throughout the project execution phase.
- Set up and closely monitor revenue recognition: actual vs. plan, degree of completion, the cost to complete, total forecasted costs vs. planned.
-Ensure full compliance of revenue and cost recognition with Siemens accounting policies under US-GAAP / IFRS, as well as overall compliance with internal controls, i.e., Sarbanes-Oxley, export control, signature authorities.
- Perform financial planning, forecasting, controlling, project cash flow reconciliation, and constant deviation analysis. Ensure data integrity between SAP back-end and specific front-end tools (division specific).
- Support the responsible Project Manager on change management issues (variations) relating to the scope, both contractually and internally. Obtain verification and approval of variations before submittal to the customer, ensuring appropriate costing and pricing per PM@Siemens Guidelines.
- Constantly assess risks and opportunity and their impact either in the risk register and in the gross margin and propose measures to prevent negative margin slippage.
- Implement and drive measures with the project manager to leverage opportunities to improve the project performance through claims and variation management.
-Support Project Managers to ensure Project Quality based on PM@Siemens Guidelines and achievement of project goals (Revenue, Margin, SG&A, etc.).
- Ensure quality on all commercial and administrational project quality policies as per PM@Siemens and Siemens guidelines.
- Support Project Managers in timely issuing invoices with a strong focus on managing Account Receivables and project cash flow.
- Drive Procurement together with the Project Manager by involving the responsible purchasing representative to ensure that the purchase orders are based on the best available bids and are within the set budget.
- Ensure consistent terms and conditions with suppliers/subcontractors in line with the end-customer contract.
- Coordinate other contractual requirements (e.g., performance guarantees, insurances, taxes, sureties) to achieve contract commitments.
- Influence team to take positive action and accountability for the assigned work
- Ensures compliance with the LoA guidelines for all commercial and internal regulations aspects.
- Provides insights of project performance to Director of Commercial Project Management and VP of Projects during project reviews.
- Actively communicates with customer's commercial representatives and suppliers solving commercial issues.
- Together with the PM organization, proactively sets up a contract and claim management in the project, including involvement and cooperation with the assigned contract manager.
- Supports Project Manager to select and involve partners/subcontractors.
- Represents the project in the relevant decision boards internally and externally (when authorized by the Manager)
- Acts according to the Business Conduct Guidelines and establishes a culture of trust and integrity.
-Collaborate with different departments to achieve project goals.
-BS/BA in Accounting, Finance, or related discipline or advanced degree, where required. CPM Certification may be required.
-Demonstrates and applies advanced knowledge of concepts, practices, and procedures for area managed and understanding of other company functions and how they interact.
-Demonstrates understanding and application of management approaches for work direction, motivation, and performance management.
Typically 1-3 years of successful experience in a directly related field and successful demonstration of Key Responsibilities and Knowledge as presented above.
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Health and Wellness: Health Insurance, Dental Insurance, Vision Insurance, HSA, Commuter Benefits - starting Day 1!
Vacation: Paid Vacation, Paid Holidays, Personal / Sick Days, Maternity/Paternity Leave
Financial & Retirement: 401K match Plan, Performance Bonus for Key Roles, Merit Increases, Relocation
Professional Development: Tuition Reimbursement, Promote from Within, Mentor Program, Access to Online Courses, Lunch & Learns
Balance: Flexible Work Hours, Remote Work Opportunities, Diversity & Inclusion Program
We seek to hire top talent and provide them with opportunities to earn top dollar. We offer a phenomenal place to have a career in an innovative environment. If you're interested in becoming our Junior Financial Analyst/Commercial Project Manager, we'll provide you with the support and career advancement to make it happen!
Organization: Siemens Mobility
Company: Siemens Mobility, Inc
Experience Level: Early Professional
Job Type: Full-time
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