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- Tasks: Join us as a Commercial Officer, managing budgets, contracts, and financial risks in exciting projects.
- Company: Royal IHC is a leader in maritime technology, dedicated to innovation and sustainability.
- Benefits: Enjoy opportunities for national and international travel, plus a chance to work on impactful projects.
- Why this job: Be part of a team shaping the future of maritime technology while enhancing your skills in a dynamic environment.
- Qualifications: Degree in Quantity Surveying or Commercial Management; relevant experience in engineering projects required.
- Other info: Help us achieve our goal of becoming a fully sustainable company by 2042!
The predicted salary is between 36000 - 60000 £ per year.
We have an exciting opportunity for a qualified Commercial Officer to join our team working in a technically demanding and fast moving project based business. Our company designs and constructs integrated equipment and products for the offshore, marine, oil & gas, renewable and defence markets.
You will be responsible for:
- Product Budget: tracking costs and expenditures throughout the project lifecycle, providing analysis and reports on any cost variances to the baseline project budget.
- Contract Administration: preparing and administering supplier subcontracts, including assessing variations and claims, ensuring compliance with contractual obligations, and resolving disputes.
- Risk Management: identifying and assessing potential financial risks associated with the project and developing strategies to mitigate them.
- Change Management: managing changes to the project scope, assessing their cost implications and negotiating with relevant parties to agree on fair adjustments.
- Final Account Settlement: preparing and negotiating the final accounts with contractors and sub-contractors upon project completion.
- Dispute Resolution: providing expert advice in case of disputes related to construction costs or contractual matters, and assisting in dispute resolution processes if necessary.
- Financial Reporting: preparing regular financial reports and cost forecasts for stakeholders, including clients, supplier subcontracts and project managers.
- Benchmarking: comparing project costs against industry standards and historical data to identify areas of improvement.
Job requirements:
- Degree in an appropriate discipline such as Quantity Surveying / Commercial Management.
- Relevant commercial experience of engineering design and build projects.
- Understanding and working knowledge of processes and procedures in a complex engineering and manufacturing environment.
- Proficient report writing and data analysis skills backed up by strong MS Office knowledge.
- Excellent verbal and written communication skills.
- Organised, analytical, self-motivated and professional.
- Problem solver, able to work independently, under pressure, with minimum supervision.
- Willingness to undertake national and international travel as part of the job role.
About Us
Royal IHC is a leading supplier of maritime technology and expert craftsmanship. Driven by innovation, our dedicated experts provide a competitive edge to our worldwide customers in the dredging, offshore, mining and defence industries. However, Royal IHC is much more than vessels, equipment and services.
We deliver reliable, integrated solutions that improve operational efficiency and create a platform for a more sustainable performance. As we navigate new waters, our aim remains unchanged: to discover the smartest and safest way forward for both our customers and our people. Together, we create the maritime future.
In 2042 (when we exist 400 years) Royal IHC will be a fully sustainable company with a net-zero portfolio.
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Commercial Officer employer: Royal IHC
Contact Detail:
Royal IHC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Officer
✨Tip Number 1
Familiarize yourself with the specific challenges and trends in the offshore, marine, oil & gas, renewable, and defense markets. Understanding these sectors will help you demonstrate your knowledge during interviews and show how you can contribute to our projects.
✨Tip Number 2
Highlight your experience with contract administration and risk management in your discussions. Be prepared to share examples of how you've successfully managed disputes or financial risks in previous roles, as this is crucial for the Commercial Officer position.
✨Tip Number 3
Showcase your analytical skills by discussing any relevant tools or methodologies you've used for financial reporting and cost forecasting. Being able to articulate your approach to data analysis will set you apart from other candidates.
✨Tip Number 4
Demonstrate your problem-solving abilities by preparing for situational questions that may arise during the interview. Think of scenarios where you've had to work independently under pressure and how you navigated those challenges.
We think you need these skills to ace Commercial Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial management and engineering projects. Emphasize your skills in budget tracking, contract administration, and risk management, as these are crucial for the role.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the maritime technology sector and your passion for the industry. Mention specific experiences that align with the responsibilities listed in the job description.
Highlight Analytical Skills: Since the role requires strong data analysis and report writing skills, provide examples of how you've successfully used these skills in previous positions. This could include financial reporting or cost forecasting.
Showcase Communication Abilities: Given the importance of communication in this role, include instances where you effectively communicated complex information to stakeholders or resolved disputes. This will demonstrate your capability to handle the responsibilities outlined.
How to prepare for a job interview at Royal IHC
✨Understand the Project Lifecycle
Make sure you have a solid grasp of the project lifecycle, especially how costs and expenditures are tracked. Be prepared to discuss your experience with budget management and how you've handled cost variances in past projects.
✨Showcase Your Contract Administration Skills
Highlight your experience in preparing and administering supplier subcontracts. Be ready to provide examples of how you've assessed variations and claims, and how you've ensured compliance with contractual obligations.
✨Demonstrate Risk Management Expertise
Discuss your approach to identifying and assessing financial risks in projects. Share specific strategies you've developed to mitigate these risks and how they contributed to project success.
✨Prepare for Change Management Scenarios
Be ready to talk about your experience managing changes to project scope. Prepare examples of how you've assessed cost implications and negotiated fair adjustments with relevant parties.
