Commercial Project Manager (m/f/d)

Full-time - Mid Level

Chicago, IL

Machinery Manufacturing

About the position

As Commercial Project Manager you will act as the Project's 'Chief Financial Officer' in order to report, forecast, protect, maintain, and improve the financial performance including cash management of a Project from handover from Sales through execution and completion.

Responsibilities

• Act as the single point of contact for the Project financial profile and performance
• Track and explain revenue, cost, and margin changes throughout project execution, from the initial to the final forecast
• Maintain and administer the internal financial reporting document of the Project, the 'Project Report' (update forecast, actuals, risks and opps, and more)
• Track and analyze the progress of project costs and revenue recognition ensuring accuracy according to project execution progress
• Prepare the monthly forecast proposal for the Project Manager and Cost Owners
• Work together with the Project Manager to understand cost impacts and to influence Project profitability
• Track and explain monthly forecast changes
• Understand and communicate project risks and opportunities
• Plan, invoice, and timely collect cash from customer, in close coordination with PM
• Process guarantees and payment securities under project, and ensure timely return or release of such
• Act as the Cost Owner for all commercial / financial cost items of a project, acting as interface between Finance Dept and Project Team
• Consolidate, analyze and report Project CM (and its historical development) as well as further exposure to Project CM from risks and opportunities, ensuring stability of CM development by usage of contingencies and provisions
• Analyze actuals, purchase orders to estimate the cost to complete in coordination with the Cost Owners (Materials, Logistic and Site) and Project Manager
• Review, challenge and approve project figures before submission
• Coordinate and work closely with accounting for accuracy and efficiency of reporting
• Other duties as assigned by supervisor

Requirements

• BS in Accounting/Finance required.
• MBA strongly preferred
• 3-5 years of business finance experience, with emphasis on financial analysis, budgeting and forecasting
• Demonstrated problem-solving and analytical abilities where problems are complex
• Ability to identify areas of financial risk, inform management and develop contingency plans.
• Advanced Microsoft Excel modeling skills.
• High level of computer literacy to keep up with current analytical tools and monitor business performance; experience with JD Edwards platform is a plus.
• Ability to work in an environment of continuous change and different challenges
• Strong written and verbal communication skills, ability to boil down trends into concise operational reports.
• Strong interpersonal skills and ability to interact with all levels of the staff within the company.
• Positive and professional attitude and strong leadership skills.

Benefits

• The pay for this role is exempt at $106,000.00- $110,000.00 annually with up to a 5% bonus.
• Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, and other job-related reasons.