Commercial Project Manager

7 months ago

UAE, United Arab Emirates Talent Pal 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 i-e 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 non-conformance 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 non-compliance 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, sub-contractors)
- Takes responsibility for own and supports team-members' work life balance
- Cooperates closely with commercial line managers and experts
- Supports commercial team-members' personal development (e.g. PMP)

Manage stakeho

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