Commercial Project Manager / Finance Project Controller - San Francisco, CA

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?

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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).

As a Commercial Project Manager - Finance Controller, you will:

• Ensure compliance with Levels of Authority approval guidelines for commercial aspects, e.g. risk management process and 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 and 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) and 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: PMCT).

• 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 and 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 and 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 and 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 and 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 and influence team to take positive action and assume accountability for assigned work.

You will make an impact with these qualifications:

Basic Qualifications:

• Bachelor's Degree in Accounting, Finance, Business, or a related field

• Travel 20% within the Pacific Zone and Zone branches (CA, WA, OR, AK & HI)

• 1-3 Years of Experience in professional financial management of complex projects, commercial project controlling, (e.g., Project Coordinator, Contract Administrator, or other similar position) - either the type of construction projects completed by Siemens or Siemens' direct competitors, or non-construction projects completed by other Siemens divisions

• Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook

• Must have strong verbal and written skills in English

• Legally authorized to work in the United States on a continual and permanent basis without company sponsorship

• This position supports a Siemens customer that requires all employees and vendors to be fully vaccinated against COVID-19 where permitted by applicable law in accordance with an accommodation based on legally protected reasons

Preferred Qualifications:

• Master's Degree preferred or equivalent years of related experience

• 3 - 5 Years of Experience in professional financial management of complex projects, commercial project controlling, (e.g., Project Coordinator, Contract Administrator, or other similar position) - either the type of construction projects completed by Siemens or Siemens' direct competitors or non-construction projects completed by other Siemens divisions

• Proficiency with SAP Modules

You'll benefit from:

• 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 $97,160 - $166,560. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.

Ready to create your own journey? Join us today and help create a better #TomorrowWithUs!

About Siemens:

We are a global technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to sustainable transportation as well as advanced healthcare, we create technology with purpose adding real value for customers.

Our Commitment to Diversity, Equity, and Inclusion:

We value your unique identity and perspective. We are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us. Learn more about our commitment to DEI here.

Protecting the environment, conserving our natural resources, fostering the health and performance of our people as well as safeguarding their working conditions are core to our social and business commitment at Siemens. They are an integral part of our Business Conduct Guidelines and our corporate strategy.

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