Commercial Project Manager (Finance)

Thane, Maharashtra
Permanent
Full-time

1 day ago

Looking for a challenging role? If you really want to make a difference - make it with us!Siemens Energy is focused on helping customers navigate the world's most pressing energy problems. As a world leader in developing and producing the most advanced engineering technologies, we improve lives and further human achievements worldwide, while also protecting the climate-all thanks to our employees. With us, you can do something significant that benefits society and human progress.Your New Role - Commercial Project Manager (Finance)We don't need superheroes, just super minds. The candidate shall be responsible for overseeing all technical, administrative, and commercial activities at the site. A dynamic and solution-oriented professional who can balance Siemens' technical solutions with customer expectations, driving project completion to the highest standards and on time.Skill & Responsibilities:Project Management:

Lead and manage projects throughout the entire project life cycle.

Active involvement in sales and project initiation phases, including customer requirements analysis, commercial and contractual feasibility assessment, and ECC matters.

Review and evaluation of contract conditions, including legal scrutiny.

Conduct commercial project status meetings with stakeholders.

Ensure the correct methodology for evaluating risks and opportunities is applied.

Identify, evaluate, assess risks and opportunities, and develop appropriate response strategies.

Ensure adherence to regulations, including the role of the CPM as per FRG, NCM guidelines, and specific regulations.

Coordinate onshore and offshore allocations with the Project Manager.

Ensure compliance with internal controls (RIC), including ICFR.

Project Finances:

Verify cost and pricing calculations and maintain accurate project books and records, including SAP data.

Prepare commercial documentation for regular project status meetings and ensure data accuracy (FC, MIKA, cash flow).

Manage asset management and initiate invoicing per project progress and contractual terms.

Ensure compliance with Siemens FRG and local GAAP requirements.

Oversee the application and management of financial guarantees, bonds, and project securities.

Support the PM in identifying and minimizing non-conformance costs and implementing lessons learned.

Risk, Contract, and Claims Management

Ensure compliance with LoA guidelines for commercial aspects and risk management processes.

Participate in contract/claim/change order negotiations for commercial aspects.

Establish a contract and claim management framework, involving the assigned CM when necessary.

Summarize critical and legal elements, ensuring their consideration in partner/subcontractor contracts.

Identify, assess, respond to, monitor, report, and escalate all commercial risks, such as calculations, tax, insurances, and currency.

Communicate relevant commercial contractual obligations/conditions to project team members.

Participate in the Change Management Authority (change control board) for change request review and approval.

Perform credit risk analysis for potential customers, in collaboration with Global Procurement for suppliers.

Compliance to Standards, Rules, and Regulations:

Lead project members to adhere to Business Conduct Guidelines and promote a culture of trust and integrity.

Ensure compliance with relevant tax regulations, including PATAC, NCM, and PE management.

Compliance with export control regulations.

Adherence to hedging/currency regulations.

Support PM in establishing a framework for regular compliance checks in the project.

Qualifications and Requirements:

Qualified CA / ICWA / CMA / MBA - finance or related field with Six to Eight Years of experience.

Proven Six to Eight Years of experience in commercial project management.

Strong understanding of financial principles and project management methodologies.

Excellent negotiation and contract management skills.

Familiarity with relevant regulations and compliance standards

Leadership and team management capabilities.

Exceptional problem-solving and analytical skills.

Proficiency in SAP and Microsoft Office Suite.

Strong communication and interpersonal skills

What We Offer:This role is based in Thane, with the opportunity to travel across India and internationally for various project activities. In return, you'll get the chance to work with teams shaping the future of the energy industry and making an impact worldwide.We're Siemens. A collection of over 379,000 minds building the future in over 200 countries. We're dedicated to equality and diversity, making employment decisions based on qualifications, merit, and business needs.Bring your curiosity and imagination and help us shape tomorrow.

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