Siemens

Commercial Project Manager - Finance

Siemens$100K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Business or Accounting; higher degree preferred
  • Minimum 8 years of experience as a Commercial Project Manager or in Project Finance
  • Strong expertise in GAAP and IFRS compliance
  • Proficient in project controlling applications, especially SAP
  • Mandatory CPA, MBA, or PMI certification
  • Analytical skills with knowledge of business analytics tools like Power BI or Tableau
  • Ability to work independently, multitask, and collaborate effectively.

Responsibilities

  • Oversee all finance-related project matters, ensuring compliance with IFRS15 and local GAAP.
  • Manage financial execution, including project set-up in SAP and invoicing processes.
  • Control project financial forecasting and reporting for assigned projects.
  • Guarantee the accuracy of financial records and compliance with guidelines.
  • Co-lead projects with the technical manager, focusing on optimizing financial results.
  • Negotiate contracts and change orders, preparing pertinent commercial documents for meetings.
  • Maintain and ensure accuracy of all commercial project data throughout execution.

Benefits

  • Career growth and development opportunities
  • Company paid health and wellness benefits
  • Paid time off and holidays
  • 401K savings plan with company match
  • Family building benefits
  • Parental leave
Full Job Description
A Snapshot of Your Day (position overview)

About your Role:

As the Commercial Project Manager role, you will be responsible for all commercial/finance related matters and support the technical project manager in managing and optimizing targeted financial results with due professional care, including but not limited to handling Accounting, Legal, Tax and NCM topics. You will be working alongside the different business, such as Substation Projects (Greenfield, Replacement, Refurbishment, Extension), LTSA and O&M Contracts and Small orders.

How You'll Make an Impact (responsibilities)
• Take full responsibility for all finance-related matters of assigned projects, including Accounting, Legal, Tax, Foreign Currencies, revenue recognition, contractual invoicing, and compliance with IFRS15, local GAAP, reporting guidelines, and internal controls.
  • Financial execution of projects including creating sale orders and setting up project in SAP, revenue recognition, invoicing and payment terms, maintenance of project costs, securities, taxes, and insurance requirements
  • Project Controlling, Forecasting and Reporting of financial status for portfolio of dedicated projects.
  • Ensures the accuracy of project books and records and their compliance with financial guidelines.
  • Co-leading Projects together with the Project Manager, in managing and optimizing targeted financial results, with the objective of driving the project according to the PE@SE Guidelines, customer requirements and the applicable Financial Reporting Guidelines (FRG).
  • Co-leads contracts/claim/change order negotiations with stakeholders. Prepare commercial documentation for regular project status meetings, maintaining accuracy of all commercial project data throughout project execution

What You Bring (requirements)
  • Experience in commercial aspects of execution and controlling of projects
  • Bachelor's degree or higher in Finance, Economics, Business or Accounting or other relevant field in the financial environment.
  • Minimum 8 years of hands-on experience as a Commercial Project Manager (CPM) or in a Project Finance role.
  • Thorough understanding of GAAP and IFRS, strong skills in project controlling application, primarily SAP, Microsoft Office, as well as strong analytical skills
  • CPA, MBA, PMI certification is mandatory.
  • Work independently, capable at multitasking and meeting deadlines; great team player and open to learn.
  • Knowledge in business analytics tools (Alteryx, Power BI, Tableau or similar) as well as experience and curiosity about leveraging Artificial Intelligence to address business needs is considered a plus.
  • Applicants must be legally authorized to work in the United States. The company may consider sponsoring work authorization for qualified candidates, in accordance with applicable laws and company policy. Siemens Energy employees with current visa sponsorship may be eligible for internal transfers.

About the Team

Our Corporate and Global Functions are essential in driving the company's strategic initiatives and ensuring operational excellence across various departments, business areas, and regions. These roles support our vision to become the most valued energy technology company in the world. As part of our team, you contribute to our vision by shaping the global energy transition, partnering with our internal and external stakeholders, and conducting business responsibly and in compliance with legal requirements and regulations.

Rewards

  • Career growth and development opportunities; supportive work culture
  • Company paid Health and wellness benefits
  • Paid Time Off and paid holidays
  • 401K savings plan with company match
  • Family building benefits
  • Parental leave
https://jobs.siemens-energy.com/jobs

About Siemens

Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the company are Industry, Energy, Healthcare, and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit, after the industrial automation division. The company is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 385,000 people worldwide and reported global revenue of around €87 billion in 2019 according to its earnings release.
Learn more about Siemens
Size
305,000 employees
Industry
Founded
1847
NASDAQ

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