Senior Commercial Project Manager - Finance
Full time
na Siemens Energy
no
Saudi Arabia
Publicado em January 25, 2025
Detalhes do emprego
A Snapshot of Your Day You will provide solutions concerning commercial topics and accounting principles relevant to projects of varying volumes and complexities (CCM/POC revenue recognition) with leading oil and gas and power generation companies. How You’ll Make An Impact
- Ensure all reporting requirements and conformity concerning IFRS15 and Siemens Energy Financial Reporting Guidelines are met through suitable and reliable processes and tools.
- Set up projects in the project finance system (SAP) and ensure accurate and timely recording of financial data throughout the project lifecycle.
- Monitor project budgets to ensure all expenditures are within the allowance.
- Conduct regular costs-to-complete forecasting using the POC (percentage of completion) method with input from Project Managers and monitor monthly. Raise uncertainties as soon as foreseen and take appropriate actions.
- Perform monthly forecasting and reporting of project progress in Project Dash.
- Manage contract assets, contract liabilities, project payables, and receivables.
- Forecast project cash flow of inflows and outflows monthly and oversee project currency risks and tax issues.
- Review and update project hedge deals on a monthly basis.
- Facilitate monthly project cost reviews, including analysis of key variances to budget.
- Assist the Project Manager in administering and monitoring the project risk and opportunity register and take required actions if necessary.
- Prepare payment claims and raise each claim in accordance with contract requirements (fixed milestones or schedule of rates).
- Support the Project Manager with raising purchase requisitions and purchase orders.
- Support the tender manager by providing input to negotiations on commercial issues based on lessons learned from current projects.
- Provide support on claim management, back-charges, and insurance cases, and monitor proper follow-up together with the Project Manager and legal team.
- Actively communicate with customers and suppliers’ commercial representatives and manage the resolution of commercial issues.
- Ensure project execution is in line with processes and guidelines (local GAAP, IFRS, FRG, etc.).
- Provide ad hoc support on other commercial project topics as required.
- Bachelors in business studies (master’s degree a plus)
- Minimum 7-10 years of professional experience in project controlling and financial reporting.
- Knowledge of SAP R3 FICO, SD and PS while PP is an advantage.
- Ability to work under pressure and adhere to timelines.
- Experience in project controlling, including identifying, evaluating, and assessing risks and opportunities.
- Ability to analyze and communicate clearly to project management and senior corporate management.
- Good understanding of project management principles.
- SAP experience.
- Advanced MS Office skills, particularly Excel and Word.
- Fluent in English.
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