Logo of Huzzle

Commercial Project Manager

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
  • Dubai

AI generated summary

  • You need a Business/Admin degree, CPM certification, IFRS/US-GAAP knowledge, service business expertise, strong Excel/PowerPoint skills, and excellent communication, organization, and analytical abilities.
  • You will manage project financials, coordinate costs, ensure accurate documentation, handle invoicing, mitigate risks, and maintain compliance while communicating with stakeholders and auditing processes.

Requirements

  • Business Administration/ Finance qualification
  • CPM Certification is required.
  • Excellent communication, organizational, and problem-solving skills
  • Service Business experience and LTSA experience is an asset.
  • High proficiency level in IFRS and US-GAAP requirements
  • Ability to handle multiple tasks simultaneously.
  • Self-starting and assertive
  • Advanced skills in Microsoft package (Excel, PowerPoint) mandatory
  • Excellent numerical and analytical skills
  • Ability to respond resourcefully and constructively to new demands, priorities, and challenges.
  • Excellent verbal and written communication skills
  • Ability to work in a team.

Responsibilities

  • Co-leading the projects together with Project Manager in managing targeted financial results in the areas of revenue, profit, cash, asset position and financing instruments.
  • Ensures an adequate handover phase.
  • Drives the review and evaluation of the contract conditions incl. all attachments, ensures examination of Contract in details with Project Team.
  • Coordinates together with the PM the proper allocation of onshore and offshore costs.
  • Work with close collaboration with offshore CPMs to manage project financials, maintain actuals, forecast and budget. Ensures forecast accuracy.
  • Ensures the accuracy of cost and pricing calculation as well as overall project books and records, incl. recording of such in respective ERPs.
  • Prepares commercial documentation for regular project status meetings and ensures the accuracy of the commercial project data (i.e. FC, MIKA, cash flow). Actively participates and lead commercial discussions in cost review sessions with project team.
  • Actively performs asset management, initiates invoicing according to project progress and contractual terms. Ensure payment is received on time and allocated properly.
  • Risks, contract and claims management, highlights risks proactively and work with project team to raise alternative solutions.
  • Actively manages cost and invoices to optimize the project’s financials and cash flow,
  • Actively communicates with Customer's representatives and manages resolution of commercial issues.
  • Ensures efficient communication with all relevant internal and external stakeholders,
  • Cost and Progress Management and close interface to the Controlling/reporting team.
  • Drives internal and external audit requirements.
  • Ensures the application and the continuously managing financial instruments.
  • Ensures compliance with FRG and local GAAP requirements.
  • Ensures Business Conduct Guidelines
  • Ensures relevant tax and regulations.

FAQs

What are the primary responsibilities of a Commercial Project Manager in this role?

The primary responsibilities include co-leading projects with the Project Manager, managing financial results, overseeing contract conditions, coordinating cost allocations, ensuring forecast accuracy, preparing commercial documentation, managing invoicing and cash flow, and handling risks and claims management.

What qualifications are required for this position?

A Business Administration/Finance qualification is required, along with a CPM Certification. Additionally, high proficiency in IFRS and US-GAAP requirements, and advanced skills in Microsoft Excel and PowerPoint are mandatory.

What skills are essential for success in this role?

Essential skills include excellent communication, organizational, and problem-solving abilities, alongside strong numerical and analytical skills, the ability to multitask, and the capacity to work effectively in a team.

Is experience in service business beneficial for this role?

Yes, service business experience and Long-Term Service Agreement (LTSA) experience is considered an asset for this position.

What is the reporting structure for this role?

The Commercial Project Manager will co-lead projects with the Project Manager and work closely with the project team while communicating with internal and external stakeholders.

Are there specific compliance requirements for this position?

Yes, the role requires ensuring compliance with Financial Reporting Guidelines (FRG), local GAAP requirements, business conduct guidelines, and relevant tax regulations.

How does the role involve communication with clients?

The Commercial Project Manager actively communicates with customers' representatives to manage and resolve commercial issues.

What tools will I need to use regularly in this position?

Proficiency in Microsoft Office, particularly Excel and PowerPoint, is mandatory, as well as familiarity with relevant ERP systems for financial records.

What is the expected approach to risk management in this role?

The role involves actively identifying and highlighting risks, collaborating with the project team to provide alternative solutions, and managing contract and claims effectively.

Will there be opportunities for professional development in this role?

While not explicitly mentioned in the job description, most roles of this nature typically offer opportunities for professional development, especially through continuous engagement with project management standards and financial reporting guidelines.

We are 91,000 employees determined to be part of the world’s most valued energy technology company. We are #TeamPurple.

Energy
Industry
10,001+
Employees
2020
Founded Year

Mission & Purpose

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. A majority stake in the wind power subsidiary Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 94,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2022. Siemens Energy is a trademark licensed by Siemens AG