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Commercial Project Manager

Job Description

Siemens Smart Infrastructure, Regional Solutions and Services, is seeking a Commercial Project Manager (CPM) to be responsible for commercial aspects related to customer contracts—from the sales phase to execution to project completion. Responsibilities encompass sales controlling, performance measurement, planning, forecasting, and reporting. The CPM supports the Project Manager in all other areas where a takeover of responsibilities is decided and/or a useful contribution.  The CPM will partner with Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal, other Commercial Project Managers, regional and national Finance colleagues, and internal and external Auditors--as well as the Siemens Financial Services Division (the Siemens entity that offers financing solutions to clients).

 

Responsibilities: 

  • Ensure compliance with Levels of Authority approval guidelines for commercial aspects, e.g. risk management process.
  • Ensure quality of all commercial and administrational project policies per Siemens guidelines.
  • Ensure an adequate handover phase, analyze customer requirements, and examine their commercial and contractual feasibility and transferability.
  • Ensure proper financial project set-up including work breakdown structure (WBS) in line with agreed project budget and company internal contractual arrangements.
  • Support the Project Manager in managing and optimizing targeted financial results with due professional care (e.g. project gross profit, cash flow, assets, and financing instruments).
  • Perform financial planning, forecasting, controlling, reconciliation of project cash flow, and constant deviation analysis. Ensure data integrity between SAP back-end and specific front-end tools in SI RSS: SOL NG).
  • Set up 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, 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, like export control, signature authorities.
  • Support the responsible Project Manager on change management issues (variations) relating to the scope of the project. Obtain verification and approval of variations prior to submittal to the customer ensuring appropriate costing and pricing in accordance with PM@Siemens Guidelines.
  • Support the Project Manager in identifying, evaluating, and assessing risks & opportunities, strategies, and response activities. Constantly assess risks& opportunities and their impact either in the risk register and/or in the gross margin while proposing measures to prevent negative margin slippage due to risks that could have been avoided.
  • Implement and drive measures together with the Project Manager to leverage opportunities to improve the project performance, e.g. through claims and variation management. Support Project Manager to ensure Project Quality based on Siemens guidelines and achievement of project goals.
  • Support Project Manager in the timely issuing of 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.
  • Actively communicate with customers’ commercial representatives and manage resolution of commercial issues.
  • Influence team to take positive action and assume accountability for assigned work.
  • Regularly perform lessons-learned activities on commercial aspects and feed results into own project lessons-learned activities and into own organization.
  • Drive interpersonal relationships, foster effective communication, and manage conflicts.

 

Required Knowledge/Skills, Education, and Experience: 

  • Preferred education: Bachelor’s Degree in Accounting, Finance, Business, or related field.
  • Required experience: 3+ years of work experience in commercial project controlling and/or project controlling
  • Other requirements:
    • Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook.
    • Must have strong verbal and written skills in English.
We are an equal opportunity employer and value diversity at our company. 

We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, or disability st
atus


Organization: Smart Infrastructure

Company: Siemens Pte Ltd

Experience Level: Experienced Professional

Full / Part time: Full-time

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