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For Companies At a Glance
- Tasks: Lead commercial aspects of projects, manage finances, and support project managers.
- Company: Siemens Energy is a global leader in energy technology, driving sustainable solutions.
- Benefits: Enjoy competitive salary, diverse work culture, and opportunities for growth.
- Why this job: Join a team shaping the future of energy with a focus on innovation and sustainability.
- Qualifications: Experience in project financials, budgeting, and contract management required.
- Other info: Diversity is celebrated; we welcome applicants from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.
A Snapshot of Your Day
Siemens Energy Industrial Turbomachinery has an exciting opportunity for a Commercial Project Manager. You will be working alongside the Small Gas Turbine Project Management team, reporting to the Head of Commercial Projects. You will take full responsibility for all commercial/finance related matters and support the technical project manager in managing and optimizing targeted financial results with due professional care.
What You Bring
- A project professional that has experience in the commercial aspects and project financials (controlling & reporting).
- A practitioner in one of these fields: Project Financial Controlling / Commercial Project Management / Business Administration.
- Experience in project budgeting, financial management of risks/opportunities, claim management and a knowledge of contract law.
- Competent in working collaboratively and cooperatively within project teams/ with international projects and intercultural teams.
Your responsibilities
- 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 defined Project Management (PM) standards, customer requirements and the applicable Financial Reporting Guidelines (FRG).
- Full responsibility for all commercial/finance related matters, including but not limited to handling Accounting, Legal, Tax and NCM topics.
- Prepare commercial documentation for regular project status meetings and ensures the accuracy of the commercial project data including the forecasting of revenue, profit and cash.
- Initiates invoicing according to project progress and contractual terms.
- Actively manages cost and invoices to optimize project cash flow.
- Ensures compliance with local GAAP requirements, FRG and internal controls.
- Ensures the accuracy of project books and records, incl. recording of such in appropriate systems, e.g. SAP.
- Ensures the application and the continuously managing of financial Guarantees, Bonds and project securities.
- Supports the PM in identifying, minimizing non-conformance costs and establishing an appropriate reporting structure; supports the implementation of lessons learned into own project and the organization in general.
- Supports the PM in identifying, evaluating and assessing risks & opportunities.
- Ensures that timely contractual notifications are made.
- Together with the PM, proactively manages contract administration and claim management for the Projects under their control, both up and down stream.
- Co-leads contracts/claim/change order negotiations with stakeholders.
- Manages customer expectations together with PM.
About the Team
Our Corporate and Global Functions are essential in driving the company's critical 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.
Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation. Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.
Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo
Our Commitment to Diversity
Lucky for us, we are not all the same. Through diversity we generate power. We run on inclusion and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character - no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences.
Rewards/Benefits
Fantastic salary and benefits.
Commercial Project Manager employer: Siemens Energy
Contact Detail:
Siemens Energy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Project Manager
✨Tip Number 1
Familiarise yourself with Siemens Energy's core values and mission. Understanding their commitment to sustainability and innovation will help you align your responses during interviews, showcasing how your experience in commercial project management can contribute to their goals.
✨Tip Number 2
Network with current or former employees of Siemens Energy on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights into the company culture and expectations for the Commercial Project Manager role.
✨Tip Number 3
Prepare to discuss specific examples from your past work that demonstrate your expertise in project financial controlling and risk management. Tailoring your examples to reflect the responsibilities outlined in the job description will make a strong impression.
✨Tip Number 4
Stay updated on industry trends and challenges related to energy technology and project management. Being knowledgeable about current issues will allow you to engage in meaningful discussions during interviews and show your passion for the field.
We think you need these skills to ace Commercial Project Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial project management and financial controlling. Use specific examples that demonstrate your ability to manage project budgets, risks, and contract law.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Siemens Energy. Mention how your skills align with their requirements, particularly in managing financial results and working collaboratively within international teams.
Showcase Relevant Skills: Emphasise your competencies in financial management, invoicing, and compliance with local GAAP requirements. Highlight any experience you have with SAP or similar systems, as this is crucial for the role.
Prepare for Potential Questions: Anticipate questions related to your experience in contract administration and claim management. Be ready to discuss how you've successfully managed customer expectations and optimised project cash flow in previous roles.
How to prepare for a job interview at Siemens Energy
✨Understand the Financial Landscape
Make sure you have a solid grasp of financial management principles, especially in project budgeting and risk assessment. Be prepared to discuss your experience with financial controlling and how you've optimised financial results in past projects.
✨Showcase Your Collaborative Skills
Since this role involves working with international and intercultural teams, highlight your ability to collaborate effectively. Share examples of how you've successfully worked within diverse teams to achieve project goals.
✨Prepare for Contractual Discussions
Familiarise yourself with contract law and be ready to discuss your experience in contract administration and claim management. Think of specific instances where you've navigated complex negotiations or resolved disputes.
✨Demonstrate Your Problem-Solving Abilities
Be prepared to talk about how you've identified and mitigated risks in previous projects. Use concrete examples to illustrate your proactive approach to managing challenges and ensuring compliance with financial reporting guidelines.
