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3 Siemens Commercial Project Manager Jobs

Commercial Project Manager (Finance)

6-8 years

Thane

1 vacancy

Commercial Project Manager (Finance)

Siemens

posted 5d ago

Job Description

The candidate shall be responsible for overseeing all technical, administrative, and commercial activities at the site. A dynamic and solution-oriented professional who can balance Siemens technical solutions with customer expectations, driving project completion to the highest standards and on time.
 
Skill & Responsibilities:

Project Management:

  • Lead and manage projects throughout the entire project life cycle.
  • Active involvement in sales and project initiation phases, including customer requirements analysis, commercial and contractual feasibility assessment, and ECC matters.
  • Review and evaluation of contract conditions, including legal scrutiny.
  • Conduct commercial project status meetings with stakeholders.
  • Ensure the correct methodology for evaluating risks and opportunities is applied.
  • Identify, evaluate, assess risks and opportunities, and develop appropriate response strategies.
  • Ensure adherence to regulations, including the role of the CPM as per FRG, NCM guidelines, and specific regulations.
  • Coordinate onshore and offshore allocations with the Project Manager.
  • Ensure compliance with internal controls (RIC), including ICFR.
  • Project Finances:
  • Verify cost and pricing calculations and maintain accurate project books and records, including SAP data.
  • Prepare commercial documentation for regular project status meetings and ensure data accuracy (FC, MIKA, cash flow).
  • Manage asset management and initiate invoicing per project progress and contractual terms.
  • Ensure compliance with Siemens FRG and local GAAP requirements.
  • Oversee the application and management of financial guarantees, bonds, and project securities.
  • Support the PM in identifying and minimizing non-conformance costs and implementing lessons learned.

Risk, Contract, and Claims Management

  • Ensure compliance with LoA guidelines for commercial aspects and risk management processes.
  • Participate in contract/claim/change order negotiations for commercial aspects.
  • Establish a contract and claim management framework, involving the assigned CM when necessary.
  • Summarize critical and legal elements, ensuring their consideration in partner/subcontractor contracts.
  • Identify, assess, respond to, monitor, report, and escalate all commercial risks, such as calculations, tax, insurances, and currency.
  • Communicate relevant commercial contractual obligations/conditions to project team members.
  • Participate in the Change Management Authority (change control board) for change request review and approval.
  • Perform credit risk analysis for potential customers, in collaboration with Global Procurement for suppliers.

Compliance to Standards, Rules, and Regulations:

  • Lead project members to adhere to Business Conduct Guidelines and promote a culture of trust and integrity.
  • Ensure compliance with relevant tax regulations, including PATAC, NCM, and PE management.
  • Compliance with export control regulations.
  • Adherence to hedging/currency regulations.
  • Support PM in establishing a framework for regular compliance checks in the project.
Qualifications and Requirements:
  • Qualified CA / ICWA / CMA / MBA - finance or related field.
  • Proven Six to Eight Years of experience in commercial project management.
  • Strong understanding of financial principles and project management methodologies.
  • Excellent negotiation and contract management skills.
  • Familiarity with relevant regulations and compliance standards
  • Leadership and team management capabilities.
  • Exceptional problem-solving and analytical skills.
  • Proficiency in SAP and Microsoft Office Suite.
  • Strong communication and interpersonal skills

Employment Type: Full Time, Permanent

Read full job description

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What Commercial Project Manager at Siemens are saying

4.2
 Rating based on 12 Commercial Project Manager reviews

Likes

Excellent work culture. It gives you the opportunity to explore your skills. Flexibility, excellent work life balance.

  • Skill development - Excellent
  • +4 more
Dislikes

Pay scales are below average and once you enter, it will take time for growth.

  • Salary - Poor
Read 12 Commercial Project Manager reviews

Commercial Project Manager salary at Siemens

reported by 49 employees with 6-17 years exp.
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₹8.5 L/yr - ₹22.5 L/yr
At par with the average Commercial Project Manager Salary in India
View more details

What Siemens employees are saying about work life

based on 4.8k employees
75%
69%
47%
94%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Siemens Benefits

Submitted by Company
Flexible Work Options and Hybrid Work Models
Employee Engagement
Health & Wellness
Career Development
Submitted by Employees
Health Insurance
Job Training
Soft Skill Training
Cafeteria
Work From Home
Free Transport +6 more
View more benefits

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130, Pandurang Budhkar Marg, Worli Mumbai
400018
Mumbai Office
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Maharashtra 400028

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