Commercial Project Manager

How You’ll Make An ImpactManage the project throughout the project Life CycleEnsures an adequate handover phase, analyzes customers requirements, examines their commercial and contractual feasibility and transferability, incl. ECC mattersEnsure the contract is legally, financially and commercially binding and effective on both parties before booking in the systemEnsure timely submission of contractual deliverables once contract becomes effective including, bonds, insurances etc.Drives the review and evaluation of the contract conditions incl. all attachments, ensures examination by LegalHolds commercial project status meetings with the involved commercials (incl. onshore, offshore, site etc)Ensures correct methodology for evaluation of risk and opportunities as defined, e.g. in FRG, PM guideSupports the PM in identifying, evaluating, assessing risks & opportunities, strategies and response activitiesEnsures together with the PM the adherence to internal controls (RIC), incl. ICFRManage Project financesEnsures the accuracy of cost and pricing calculation as well as overall project books and records, incl. recording of such in appropriate systems, e.g. SAPEnsure timely booking of new orders, plan costs, revenue recognition as per guidelines also ensure booking of actual cost.Actively review the project costs i-e actual, committed and ensure timely adjustments if requiredActively involve in contractual matters and support PM in identification of provisions/accruals as per contract and their booking strategiesEnsure booking of provision or accruals and timely booking Journal Voucher – JV Fully involve in negotiating PO terms and conditions with the vendors or subcontractors and ensure safeguarding the Siemens interestsGood to have sound knowledge on General Ledger – GLs and their respective classes also ensure booking of costs as per right GLHandling of imports (onshore or offshore) contracts and arrangement of all import formalitiesPrepares commercial documentation for regular project status meetings and ensures the accuracy of the commercial project data (i.e. FC, MIKA, cash flow)Actively performs asset management, initiates invoicing according to project progress and contractual terms and ensure proper payment allocation (onshore/offshore/consortium)Ensures compliance with Siemens FRG and local GAAP requirementsEnsures the application and the continuously managing of financial Guarantees, Bonds and project securitiesSupports the PM in identifying, minimizing non-conformance costs and establishing an appropriate reporting structure; supports the implementation of lessons learned into own project and the organization in generalManage the risk, contract and claimsEnsures compliance with LoA guidelines for commercial aspects, e.g. risk management processConducts contracts/claim/change order negotiations with regard to commercial aspectsTogether with the PM, proactively sets up a contract and claim management, including involvement of the assigned Contract Manager(CM), if required as per applicable regulationsSupports the CM by summarizing the critical and legal elements and the PM by ensuring that the critical and legal elements are duly considered in partner/subcontractor contracts/respective contract amendmentsIdentifies, assesses, responds, monitors, reports, escalates all commercial risks, e.g. calculation, tax, insurances, currencyEnsures communication of relevant commercial contractual obligations/conditions to the relevant project team membersMember of the Change Management Authority (change control board) - review, approval, rejection of change requests incl. systematic enforcement of legitimate claims / fending off unjustified claimsPerforms the credit risk analysis for potential customer, together with Global Procurement for suppliersManage compliance to standards, rules and regulationsLeads (commercial) project members to act according to the Business Conduct Guidelines and establishes a culture of trust and integrity (e.g. adherence of tax regulations, delegation of employees, ICFR, Signature rights, segregation of duties, ECC, EHS)Ensures compliance with relevant tax regulations, e.g. PATAC, NCM, PE management (tax returns, transfer pricing, delegation concepts)Ensure compliance in day to day project execution and support PM for any non-compliance immediatelyEnsures the compliance with export control regulationsEnsures the compliance with hedging/currency regulationsSupports PM to set up a framework to ensure regular checks of the compliance in the project, e.g. by conducting Compliance (Re-) assessments at the appropriate milestones / Quality Gates.Manage project teamHolds meetings and seeks actively feedback (e.g. team members, managers, customers, sub-contractors)Takes responsibility for own and supports team-members' work life balanceCooperates closely with commercial line managers and expertsSupports commercial team-members' personal development (e.g. PMP)Manage stakeholdersSupport the PM to conduct the stakeholder analysisEnsures efficient communication with all relevant internal and external stakeholders, i.e. HR, Quality Management, EHS, customers, suppliers, consortium partnersEnsures proper execution of all tasks with all relevant stakeholders, i.e. SFS (e.g. financing, insurance, guarantees, currency & commodity hedging), CF (e.g. AC, Taxes, Treasury, Audit), RIC incl. OR, Legal and Compliance, HR (incl. Delegation process), ECC, Customs, external auditors etcEnsure complete coordination with auditors internal, external or CF A and also ensure zero findings on projectDrives interpersonal relationship, fosters effective communication and manages conflictsSupports PM to select and involve partners/subcontractors based on strategic viewpoints and defined criteriaEnsure good relationship with vendors/subcontractors/CustomersSupports Procurement and Logistics, if applicableManage Customer RequirementsActively gathers information on customer, strategies, requirements and targets regarding commercial aspectsActively communicates with customer's high seniority commercial representatives and manages resolution of commercial issuesActively builds relationships to customer's senior commercial managementManages customer expectations together with PMRegularly performs lessons learned activities on commercial aspects and feeds results into own project lessons learned activities and into own organization Develop strategies for the project and beyondActs as an advisor for senior commercial management regarding all project issuesSupport senior commercial management by providing accurate and timely project KPIs for onward decisionsSupport senior commercial management by preparing various analysis of the project financialsSupports the PM to develop and consider strategic targets for own project in alignment with business strategySupports the PM to represent the project in the relevant decision boards internally and externallySupports to identify and create additional opportunities out of the project What You Bring5-10 years of experience in financial execution of large-scale, international projectsProject Management methods, processes and toolsRelevant E Business Processes (project execution, sales, purchasing, LoA)Calculation methods / Finance ModelsBusiness AdministrationProject ControllingAccounting Principles (US GAAP, HGB,...)Asset ManagementContract/Claim ManagementRewards/BenefitsOpportunity to work on challenging projects in an exciting environmentOpportunity for remote/flexible workProfessional support and strong collaboration with colleagues around the worldProfessional development opportunities within the companyWho is Siemens Energy?At Siemens Energy, we are more than just an energy technology company. We meet the growing energy demand across 90+ countries while ensuring our climate is protected. With more than 92,000 dedicated employees, we not only generate electricity for over 16% of the global community, but we’re also using our technology to help protect people and the environment.Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.Siemens Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.