Commercial Project Manager

Siemens Energy

$100K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Business, Accounting or related field.
  • 5+ years of experience as a Commercial Project Manager or in a Project Finance role.
  • Thorough knowledge of GAAP and IFRS regulations.
  • Advanced proficiency in Microsoft Office, Power BI, Power Query, and SAP.
  • Strong analytical skills with the ability to manage complex accounting topics.
  • Ability to multitask, work independently, and meet tight deadlines.
  • Legal authorization to work in the United States without sponsorship.

Responsibilities

  • Oversee all financial aspects of assigned projects, including compliance with IFRS15 and local GAAP.
  • Execute financial processes for projects: create sale orders, manage SAP setup, and handle invoicing.
  • Control project finances through forecasting and status reporting on dedicated project portfolios.
  • Collaborate with Technical Project Manager in contract negotiations and strategy development for project execution.
  • Prepare and maintain accurate commercial documentation for project status meetings.

Benefits

  • Career growth and development opportunities with a supportive work culture.
  • Company paid health and wellness benefits.
  • Paid time off and holidays for work-life balance.
  • 401K savings plan with company match for financial security.
  • Family building benefits to support employees' needs.
  • Parental leave to promote family wellbeing.
Full Job Description
A Snapshot of Your Day

We are seeking a Commercial Project Manager (CPM) to be responsible for the financial aspects of the projects and collaborate with Project Manager. This requires working independently and across teams with varied strengths of various skills in Procurement, Finance, Logistics, Operations, Engineering, Tax, and Accounting. Clear direction and communication are paramount to ensure accuracy of our financial performance and upward feedback on cost deviations. Various processes and guidelines will be applied, using different digital platforms, and ensuring compliance with applicable internal and external regulations.

How You'll Make an Impact

  • 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.
  • Partner with Technical Project Manager in project steering /contract negotiations, accounting, development of strategies or solutions. Support Project Managers to ensure project quality based on PE @ SE Guidelines and achievement of project goals (revenue, margin, SG&A, cash flow, etc.).
  • Prepare commercial documentation for regular project status meetings, maintaining accuracy of all commercial project data throughout project execution.

What You Bring

  • Bachelor's degree or higher in Finance, Economics, Business or Accounting or other relevant field in the financial environment.
  • 5+ years of hands-on experience as a Commercial Project Manager (CPM) or in a Project Finance role.
  • Detailed understanding of GAAP and IFRS. Advanced skills with Microsoft Office, proficiency in Power BI & Power Query, experience with SAP.
  • Ability to handle complex accounting topics (Revenue Recognition, Loss Calculations, Cash Positions, etc.)
  • Work independently, capable at multitasking and meeting deadlines; great teammate and open to learn. Excellent problem solving, diagnosis and strong analytical skills.
  • Enthusiastic with a hands-on approach combined with the ability to provide leadership and structure in a fast paced, dynamic environment. Ability to be exacting, thorough and diligent to detail, while still meeting deadlines.
  • Applicants must be legally authorized for employment in the United States without need for current or future employer-sponsored work authorization. Siemens Energy employees with current visa sponsorship may be eligible for internal transfers.

About the Team

Grid Technologies

Our Grid Technology division enables a reliable, sustainable, and digital grid. The power grid is the backbone of the energy transition. Siemens Energy offers a leading portfolio and solutions in HVDC

transmission, grid stabilization and storage, high voltage switchgears and transformers, and digital grid technology.

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

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