Project Finance Manager/Commercial Project Manager (Atlantic Zone)

Full-time - Mid Level

Hybrid - Richmond, VA

Computer and Electronic Product Manufacturing

About the position

The Commercial Project Manager (CPM)- Finance Controller will be responsible for commercial aspects related to projects -from the sales phase to execution to project completion. Responsibilities encompass sales controlling, performance measurement, planning, forecasting, and reporting. The CPM supports the Project Manager in all other areas where a takeover of responsibilities is decided and/or a useful contribution. The CPM will partner with Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal, other Commercial Project Managers, regional and national Finance colleagues, and internal and external Auditors--as well as the Siemens Financial Services Division (the Siemens entity that offers financing solutions to clients). The Commercial Project Manager (CPM)- Finance Controller can be located in either Norfolk or Richmond Virginia.

Responsibilities

• Follow Limits of Authority (LoA) process during bid phase including assessment of contractual terms and conditions (with legal dept), evaluation of risks and their adequate consideration in bid calculation.
• Ensure proper financial project set-up including work breakdown structure (WBS) in line with agreed project budget based on the planned delivery schedule.
• Partner with the Project Manager in managing and optimizing targeted financial results with due professional care.
• Perform financial budgeting and forecasting, controlling (cost-to-complete, total forecasted vs. planned costs), reconciliation of project cash flow, and constant deviation analysis actual vs plan.
• Prepare and present commercial topics in the project status meetings with relevant stakeholders including escalation of critical topics, if required.
• Collaborate with the Project Manager on change management (plan cost adjustments, variations, claims).
• Identify and minimize non-conformance costs, conduct root cause analysis and define corrective and preventive measures.
• Partner with the Project Manager in identifying, evaluating, and assessing risks & opportunities, strategies, and response activities.
• Implement and drive measures together with the Project Manager to leverage opportunities to improve the project performance.
• Ensure timely issuing of invoices with a strong focus on managing receivables, reducing project assets and maximizing project cash flow.
• Drive Procurement together with the Project Manager by involving the responsible purchasing representative.
• Coordinate other contractual requirements (e.g., performance guarantees, insurances, taxes, sureties) to comply with contract commitments.
• Actively communicate with customers' commercial representatives and manage customer expectations and resolution of commercial issues.
• Influence team to take positive action and assume accountability for assigned work packages.
• Regularly perform lessons-learned activities on commercial aspects and feed results into own project lessons-learned activities and into organization.
• Drive interpersonal relationships, foster effective communication, and manage conflicts.

Requirements

• Bachelor's Degree in Accounting, Finance, Business, or related field.
• Willing to work a Hybrid Role.
• Required travel: 10-20%.
• 3+ years of work experience in commercial project controlling/management in complex construction projects.
• Qualified Applicants must be legally authorized for employment in the United States.

Nice-to-haves

• Master's degree in business administration.
• Certified Public Accountant certificate.
• Proficiency with related SAP modules.
• Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook.
• Strong verbal and written skills in English.

Benefits

• Health and wellness benefits.