Commercial Project Manager

2 weeks ago

Abu Dhabi, Abu Dhabi, United Arab Emirates Siemens Energy Full time

How You'll Make an Impact

Manage the project throughout the project Life Cycle

  • Ensures an adequate handover phase, analyzes customers requirements, examines their commercial and contractual feasibility and transferability, incl. ECC matters
  • Ensure the contract is legally, financially and commercially binding and effective on both parties before booking in the system
  • Ensure 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 Legal
  • Holds 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 guide
  • Supports the PM in identifying, evaluating, assessing risks & opportunities, strategies and response activities
  • Ensures together with the PM the adherence to internal controls (RIC), incl. ICFR

Manage Project finances

  • Ensures the accuracy of cost and pricing calculation as well as overall project books and records, incl. recording of such in appropriate systems, e.g. SAP
  • Ensure timely booking of new orders, plan costs, revenue recognition as per guidelines also ensure booking of actual cost.
  • Actively review the project costs ie actual, committed and ensure timely adjustments if required
  • Actively involve in contractual matters and support PM in identification of provisions/accruals as per contract and their booking strategies
  • Ensure 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 interests
  • Good to have sound knowledge on General Ledger
  • GLs and their respective classes also ensure booking of costs as per right GL
  • Handling of imports (onshore or offshore) contracts and arrangement of all import formalities
  • Prepares 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 requirements
  • Supports the PM in identifying, minimizing nonconformance costs and establishing an appropriate reporting structure; supports the implementation of lessons learned into own project and the organization in general
  • Manage the risk, contract and claims
  • Ensures compliance with LoA guidelines for commercial aspects, e.g. risk management process
  • Conducts contracts/claim/change order negotiations with regard to commercial aspects
  • Together with the PM, proactively sets up a contract and claim management, including involvement of the assigned Contract Manager(CM), if required as per applicable regulations
  • Supports 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 amendments
  • Identifies, assesses, responds, monitors, reports, escalates all commercial risks, e.g. calculation, tax, insurances, currency
  • Ensures communication of relevant commercial contractual obligations/conditions to the relevant project team members
  • Member of the Change Management Authority (change control board) review, approval, rejection of change requests incl. systematic enforcement of legitimate claims / fending off unjustified claims
  • Performs the credit risk analysis for potential customer, together with Global Procurement for suppliers

Manage compliance to standards, rules and regulations

  • Leads (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 noncompliance immediately
  • Ensures the compliance with export control regulations
  • Ensures the compliance with hedging/currency regulations
  • Supports 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 team

  • Holds meetings and seeks actively feedback (e.g. team members, managers, customers, subcontractors)
  • Takes responsibility for own and supports teammembers' work life balance
  • Cooperates closely with commercial line managers and experts
  • Supports commercial teammembers' personal development (e.g. PMP)

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