Siemens Hiring For Commercial Project Manager at Central Singapore Full Time

Siemens Smart Infrastructure, Regional Solutions and
Services, is seeking a Commercial Project Manager (CPM) to be responsible
for commercial aspects related to customer contracts—from the sales phase to
execution to project completion. Responsibilities encompass sales controlling,
performance measurement, planning, forecasting, and reporting. The CPM supports
the Project Manager in all other areas where a takeover of responsibilities is
decided and/or a useful contribution.  The CPM will partner with
Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal,
other Commercial Project Managers, regional and national Finance colleagues,
and internal and external Auditors–as well as the Siemens Financial Services
Division (the Siemens entity that offers financing solutions to clients).

Responsibilities: 

• Ensure compliance with Levels of Authority
  approval guidelines for commercial aspects, e.g. risk management
  process.
• Ensure quality of all commercial and administrational
  project policies per Siemens guidelines.
• Ensure an adequate handover phase, analyze customer
  requirements, and examine their commercial and contractual feasibility and
  transferability.
• Ensure proper financial project set-up including work
  breakdown structure (WBS) in line with agreed project budget and company
  internal contractual arrangements.
• Support the Project Manager in managing and optimizing
  targeted financial results with due professional care (e.g. project gross
  profit, cash flow, assets, and financing instruments).
• Perform financial planning, forecasting, controlling,
  reconciliation of project cash flow, and constant deviation analysis.
  Ensure data integrity between SAP back-end and specific front-end tools in
  SI RSS: SOL NG).
• Set up financial performance plan for the project based
  on the planned delivery schedule for the offered scope during the sales
  phase and manage it throughout the project execution phase.
• Set up and closely monitor revenue recognition: actual
  vs plan, degree of completion, cost to complete, total forecasted costs vs
  planned. Ensure full compliance of revenue and cost recognition with
  Siemens accounting policies under US-GAAP / IFRS, as well as overall
  compliance with internal controls, like export control, signature
  authorities.
• Support the responsible Project Manager on change
  management issues (variations) relating to the scope of the project.
  Obtain verification and approval of variations prior to submittal to the
  customer ensuring appropriate costing and pricing in accordance with
  PM@Siemens Guidelines.
• Support the Project Manager in identifying, evaluating,
  and assessing risks & opportunities, strategies, and response
  activities. Constantly assess risks& opportunities and their impact
  either in the risk register and/or in the gross margin while proposing
  measures to prevent negative margin slippage due to risks that could have
  been avoided.
• Implement and drive measures together with the Project
  Manager to leverage opportunities to improve the project performance, e.g.
  through claims and variation management. Support Project Manager to ensure
  Project Quality based on Siemens guidelines and achievement of project
  goals.
• Support Project Manager in the timely issuing of
  invoices with a strong focus on managing Account Receivables and project
  cash flow.
• Drive Procurement together with the Project Manager by
  involving the responsible purchasing representative to ensure that the
  purchase orders are based on the best available bids and are within the
  set budget.
• Ensure consistent terms and conditions with
  suppliers/subcontractors in line with the end-customer contract.
• Coordinate other contractual requirements (e.g.,
  performance guarantees, insurances, taxes, sureties) to achieve contract
  commitments.
• Actively communicate with customers’ commercial
  representatives and manage resolution of commercial issues.
• Influence team to take positive action and assume
  accountability for assigned work.
• Regularly perform lessons-learned activities on
  commercial aspects and feed results into own project lessons-learned
  activities and into own organization.
• Drive interpersonal relationships, foster effective
  communication, and manage conflicts.

Required Knowledge/Skills,
Education, and Experience: 

• Preferred education: Bachelor’s Degree in Accounting,
  Finance, Business, or related field.
• Required experience: 3+ years of work experience in
  commercial project controlling and/or project controlling
• Other requirements:
• Proficiency with Microsoft Office, including Word,
  Excel, PowerPoint, and Outlook.
• Must have strong verbal and written skills in English.