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
- Ensures the application and the continuously managing of financial Guarantees, Bonds and project securities
- 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 stakeholders
- Support the PM to conduct the stakeholder analysis
- Ensures efficient communication with all relevant internal and external stakeholders, i.e. HR, Quality Management, EHS, customers, suppliers, consortium partners
- Ensures 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 etc
- Ensure complete coordination with auditors internal, external or CF A and also ensure zero findings on project
- Drives interpersonal relationship, fosters effective communication and manages conflicts
- Supports PM to select and involve partners/subcontractors based on strategic viewpoints and defined criteria
- Ensure good relationship with vendors/subcontractors/Customers
- Supports Procurement and Logistics, if applicable
Manage customer requirements
- Actively gathers information on customer, strategies, requirements and targets regarding commercial aspects
- Actively communicates with customer's high seniority commercial representatives and manages resolution of commercial issues
- Actively builds relationships to customer's senior commercial management
- Manages customer expectations together with PM
- Regularly 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 beyond
- Acts as an advisor for senior commercial management regarding all project issues
- Support senior commercial management by providing accurate and timely project KPIs for onward decisions
- Support senior commercial management by preparing various analysis of the project financials
- Supports the PM to develop and consider strategic targets for own project in alignment with business strategy
- Supports the PM to represent the project in the relevant decision boards internally and externally
- Supports to identify and create additional opportunities out of the project
What You Bring
- 5-10 years of experience in financial execution of large-scale, international projects
- Project Management methods, processes and tools
- Relevant E Business Processes (project execution, sales, purchasing, LoA)
- Calculation methods / Finance Models
- Business Administration
- Project Controlling
- Accounting Principles (US GAAP, HGB,...)
- Asset Management
- Contract/Claim Management
Rewards/Benefits
- Opportunity to work on challenging projects in an exciting environment
- Opportunity for remote/flexible work
- Professional support and strong collaboration with colleagues around the world
- Professional development opportunities within the company
Who 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.
