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Commercial Project Manager
Siemens
posted 17hr ago
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Flexible timing
Key skills for the job
Job Description
Looking for a challenging role? If you want to make a difference - make it with us
As Siemens Energy, "We energize society" by supporting our customers to make the transition to a more sustainable world, based on innovative technologies and our ability to turn ideas into reality. We do this by:
* Expanding renewables
* Transforming conventional power
* Strengthening electrical grids
* Driving industrial decarbonizatio n
* Securing the supply chain and necessary minerals
We offer products, solutions, and services across the entire energy value chain.
Your new role - exciting and future-oriente d
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-conformanc e costs and implementing lessons learned.
Risk, Contract, and Claims Management:
* Ensure compliance with LOA guidelines for commercial aspects and risk management processes.
* Participate in co ntract/claim/c hange 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/subcon tractor contracts.
* Identify, assess, respond to, monitor, report, and escalate all commercial risks, such as calculations, tax, insurances, and currency.
* Communicate relevant commercial contractual obligations/co nditions 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/curren cy regulations.
* Support PM in establishing a framework for regular compliance checks in the project.
We don t need superheroes, just super minds
Qualifications and Requirements:
* Qualified CA / ICWA / masters degree in business administration / finance or related field.
* Proven 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 enablement capabilities.
* Exceptional problem-solvin g and analytical skills.
* Proficiency in SAP and Microsoft Office Suite.
* Strong communication and interpersonal skills.
What do we offer
* Rewarding career
* International opportunities
* Diverse inclusive culture
Make your mark in our exciting world of Siemens
We have multiple openings across different locations. We celebrate the fact that our employees are individuals and have different wants and needs. If we all thought the same, we would never think of anything new. That s why we recruit phenomenal minds from all walks of life. We recognize that building a diverse workforce is essential to the success of our business, therefore we encourage applications from a diverse talent pool.
We ve got quite a lot to offer. How about you?
As Siemens Energy, "We energize society" by supporting our customers to make the transition to a more sustainable world, based on innovative technologies and our ability to turn ideas into reality. We do this by:
* Expanding renewables
* Transforming conventional power
* Strengthening electrical grids
* Driving industrial decarbonizatio n
* Securing the supply chain and necessary minerals
We offer products, solutions, and services across the entire energy value chain.
Your new role - exciting and future-oriente d
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-conformanc e costs and implementing lessons learned.
Risk, Contract, and Claims Management:
* Ensure compliance with LOA guidelines for commercial aspects and risk management processes.
* Participate in co ntract/claim/c hange 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/subcon tractor contracts.
* Identify, assess, respond to, monitor, report, and escalate all commercial risks, such as calculations, tax, insurances, and currency.
* Communicate relevant commercial contractual obligations/co nditions 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/curren cy regulations.
* Support PM in establishing a framework for regular compliance checks in the project.
We don t need superheroes, just super minds
Qualifications and Requirements:
* Qualified CA / ICWA / masters degree in business administration / finance or related field.
* Proven 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 enablement capabilities.
* Exceptional problem-solvin g and analytical skills.
* Proficiency in SAP and Microsoft Office Suite.
* Strong communication and interpersonal skills.
What do we offer
* Rewarding career
* International opportunities
* Diverse inclusive culture
Make your mark in our exciting world of Siemens
We have multiple openings across different locations. We celebrate the fact that our employees are individuals and have different wants and needs. If we all thought the same, we would never think of anything new. That s why we recruit phenomenal minds from all walks of life. We recognize that building a diverse workforce is essential to the success of our business, therefore we encourage applications from a diverse talent pool.
We ve got quite a lot to offer. How about you?
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Commercial Project Manager roles with real interview advice
People are getting interviews at Siemens through
People are getting interviews through
(based on 250 Siemens interviews)
Job Portal
Campus Placement
Referral
Company Website
Recruitment Consultant
Walkin
27%
18%
15%
15%
5%
4%
16% candidates got the interview through other sources.
High
Confidence
?
High Confidence means the data is based on a large number of responses received from the candidates.
What people at Siemens are saying
Rating based on 10 Commercial Project Manager
reviews
Anonymous · Finance
in Bangalore / Bengaluru
Likes
Good culture
Dislikes
Work profile is not that good
Read 10 reviewsCommercial Project Manager salary at Siemens
reported by
50
employees
with 6-17
years exp.
₹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 4.5k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Siemens Benefits
Submitted by Company
Diversity and Inclusion Hybrid Work Model Work Flexibility Gender Equity
Submitted by Employees
View more benefits 
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