Commercial Project Manager - Finance Controller - Atlantic Zone

Full-time - Mid Level

Hybrid - Washington, DC

Computer and Electronic Product Manufacturing

About the position

Here at Siemens, we take pride in enabling sustainable progress through technology. We do this through empowering customers by combining the real and digital worlds. Improving how we live, work, and move today and for the next generation! We know that the only way a business thrives is if our people are thriving. That's why we always put our people first. Our global, diverse team would be happy to support you and challenge you to grow in new ways. Who knows where our shared journey will take you? Our Smart Buildings help to create efficient, safe, adaptable, and responsible environments. Our aim isn't just about improving buildings; it's about creating perfect places that improve people's lives. The Commercial Project Manager (CPM)- Finance Controller will be responsible for commercial aspects related to projects -from the sales phase to execution to project completion. Responsibilities encompass sales controlling, performance measurement, planning, forecasting, and reporting. Why is this so important? 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

• Follow Limits of Authority (LoA) process during bid phase including assessment of contractual terms and conditions (with legal dept), evaluation of risks and their adequate consideration in bid calculation. Ensures compliance with LoA approval during project execution.
• Ensure compliance to all relevant internal and external guidelines such as Business Conduct Guidelines, Financial Reporting Guidelines (IFRS, US-GAAP), PM@Siemens, tax, export control, EHS, ICFR / RIC requirements, signature authorities.
• Ensure proper financial project set-up including work breakdown structure (WBS) in line with agreed project budget based on the planned delivery schedule and ensure accuracy of calculation and records throughout the project execution phase.
• Partner with the Project Manager in managing and optimizing targeted financial results with due professional care (e.g. project gross profit, cash flow, assets, opportunity management and financing instruments).
• Perform financial budgeting and forecasting, controlling (cost-to-complete, total forecasted vs. planned costs), reconciliation of project cash flow, and constant deviation analysis actual vs plan.
• Prepare and present commercial topics in the project status meetings with relevant stakeholders including escalation of critical topics, if required.
• Collaborate with the Project Manager on change management (plan cost adjustments, variations, claims). identify and minimize non-conformance costs, conduct root cause analysis and define corrective and preventive measures. Obtain verification and approval of variations / claims prior to submittal to the customer / supplier ensuring appropriate costing and pricing in accordance with internal guidelines.
• Partner with the Project Manager in identifying, evaluating, and assessing risks & opportunities, strategies, and response activities. Constantly assess risks& opportunities and their impact in the project calculation while proposing measures to prevent negative margin slippage.
• Implement and drive measures together with the Project Manager to leverage opportunities to improve the project performance, e.g. through claims and variation management. Collaborate Project Manager to ensure Project Quality based on Siemens guidelines and achievement of project goals.
• Ensure timely issuing of invoices with a strong focus on managing receivables, reducing project assets and maximizing 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, within the set budget and terms and conditions are in line with the customer contract.
• Coordinate other contractual requirements (e.g., performance guarantees, insurances, taxes, sureties) to comply with contract commitments.
• Actively communicate with customers' commercial representatives and manage customer expectations and resolution of commercial issues.
• Influence team to take positive action and assume accountability for assigned work packages.
• Regularly perform lessons-learned activities on commercial aspects and feed results into own project lessons-learned activities and into organization.
• Drive interpersonal relationships, foster effective communication, and manage conflicts.

Requirements

• Education: Bachelor's Degree in Accounting, Finance, Business, or related field
• Experience: 3+ years of work experience in commercial project controlling / management in complex construction projects
• Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook
• Must have strong verbal and written skills in English.
• Qualified Applicants must be legally authorized for employment in the United States and will not require employer-sponsored work authorization now or in the future for employment in the United States.

Nice-to-haves

• Education: Master's Degree in Business Administration.
• Certified Public Accountant certificate.
• Proficiency with related SAP modules.

Benefits

• Siemens offers a variety of health and wellness benefits to our employees. Details regarding our benefits can be found here: https://www.benefitsquickstart.com/siemens/index.html
• The pay range for this position is $88,130 - $151,080 and an annual incentive. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.