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.
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