October 8, 2024

Siemens Energy

الدمام

FULL TIME

Senior Commercial Project Manager

A Snapshot of Your Day
You will provide solutions concerning commercial topics and accounting principles relevant to projects of varying volumes and complexities (CCM/POC revenue recognition) with leading oil and gas and power generation companies.
How You’ll Make an Impact

Ensure all reporting requirements and conformity concerning IFRS15 and Siemens Energy Financial Reporting Guidelines are met through suitable and reliable processes and tools.
Set up projects in the project finance system (SAP) and ensure accurate and timely recording of financial data throughout the project lifecycle.
Monitor project budgets to ensure all expenditures are within the allowance.
Conduct regular costs-to-complete forecasting using the POC (percentage of completion) method with input from Project Managers and monitor monthly. Raise uncertainties as soon as foreseen and take appropriate actions.
Perform monthly forecasting and reporting of project progress in Project Dash.
Manage contract assets, contract liabilities, project payables, and receivables.
Forecast project cash flow of inflows and outflows monthly and oversee project currency risks and tax issues.
Review and update project hedge deals on a monthly basis.
Facilitate monthly project cost reviews, including analysis of key variances to budget.
Assist the Project Manager in administering and monitoring the project risk and opportunity register and take required actions if necessary.
Prepare payment claims and raise each claim in accordance with contract requirements (fixed milestones or schedule of rates).
Support the Project Manager with raising purchase requisitions and purchase orders.
Support the tender manager by providing input to negotiations on commercial issues based on lessons learned from current projects.
Provide support on claim management, back-charges, and insurance cases, and monitor proper follow-up together with the Project Manager and legal team.
Actively communicate with customers and suppliers’ commercial representatives and manage the resolution of commercial issues.
Ensure project execution is in line with processes and guidelines (local GAAP, IFRS, FRG, etc.).
Provide ad hoc support on other commercial project topics as required

What You Bring

Bachelors in business studies (master’s degree a plus)
Minimum 7-10 years of professional experience in project controlling and financial reporting.
Knowledge of SAP R3 FICO, SD and PS while PP is an advantage.
Ability to work under pressure and adhere to timelines.
Experience in project controlling, including identifying, evaluating, and assessing risks and opportunities.
Ability to analyze and communicate clearly to project management and senior corporate management.
Good understanding of project management principals
SAP experience.
Advanced MS Office skills, particularly Excel and Word
Fluent in English

Who is Siemens Energy
At Siemens Energy, we are more than just an energy technology company. We meet the growing energy demand across 90+ countries while ensuring our climate is protected. With more than 92,000 dedicated employees, we not only generate electricity for over 16% of the global community, but we’re also using our technology to help protect people and the environment.
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.
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.
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