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Deputy Finance Head of SMO Turnkey
Siemens
posted 5d ago
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Flexible timing
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Job Description
- In your new position you will work hand in hand with the Finance Head of SMO Turnkey in the successful execution of projects of SMO Turnkey in India, and
- In several instances you will also liaise with the customer on commercial related matters together with the commercial director i.e., you conduct customer meetings and negotiations in various phases of contract negotiation.
- Furthermore, together with the Finance Head of SMO Turnkey in India, you will ensure the accuracy of project books and records and keeping our systems updated, e.g. SAP and ensure compliance with Siemens Financial Reporting Guidelines.
o Perform financial planning, forecasting, controlling and reconciliation of project cost, profit and cash flow.
o Ensure the accuracy of project books and records, including recording of such in the appropriate systems (e.g. SAP), and ensures compliance with IFRS and US GAAP requirements. Ensure all related Project Reporting and Controlling activities and routine deviation analysis.
o SAP updates including cost plan changes, contractual milestone billings, analysis of actual results, and other assigned SAP tasks as requested.
o Commercial bid manager overseeing the bid calculation, contractual Terms and Conditions, LOA requirements
o Monitor and communicate trends from project inception to completion, assess implications and develop practical project-related strategies to mitigate negative impact. Periodically estimate the total cost to complete the project.
o Ensure monthly, quarterly, and annual analysis to determine key drivers impacting the projects performance.
o Evaluate and assess risk and opportunities, strategies and response activities - taking over the full responsibility in this regard to all commercial risks and opportunities.
o Implement and drive measures to use opportunities to improve project performance (claims management and variation management).
o Establish and maintain financial processes in accordance with Risk and Internal Control, such as process for commercial project management. Ensure adherence to corporate governance policies, procedures, accounting standards, compliance requirements, quality milestones, and internal controls
o Prepare and present project commercial data for financial audit purposes. Actively communicates with customer s commercial representatives and manages solving of commercial issues.
o Liaise with the head office. Support project Invoicing, insurances, bonds and guarantees, and lead the admin side of the given project.
o Coordinate with World Project Controller (WPC) for projects. Take the WPC role as suitable.
- Coordinate financial reporting activities within the regional organization, including Pursues schedules for budget, forecast or KPI reporting, and corresponds with accountable line management.
- Contribute to the digitalization of the existing processes.
- Drive Contract management throughout the project delivery phase including proactive opportunity and claim management strategies to maximize the project outcome.
Desired Skills:
- You have a successfully completed master s degree in business administration or comparable, and You should have a minimum 5-7 years experience with graduate or post-graduation degree in Finance and Chartered Accountant (CA) or Cost and Management Accountant (CMA)
- Next to this, you have already gained many years of professional experience in commercial bid or project management, ideally in the rail business or in the turnkey space.
- You have commercial knowledge of project and tender calculations and related financial KPIs, and ideally also project financing experience for large PPP projects (financing models), guarantees, hedging, bonds, tax structures, contract structures, insurance, etc.
- Your expertise in contract law as well as international business models and accounting methods complete your knowledge portfolio.
- You are familiar with dealing with multiple internal and external partners in an intercultural environment in order to achieve a common target.
- You are well acquainted with project, tender and contract analysis and have experience in negotiations in an international environment.
- Furthermore, you are experienced in negotiation and presentation techniques for large projects as well as in working with intercultural teams and have already worked abroad.
- A willingness to travel internationally rounds off your profile.
Employment Type: Full Time, Permanent
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Finance Head salary at Siemens
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6
employees
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years exp.
₹35
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L/yr
7%
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Flexible timing
Monday to Friday
No travel
Day Shift
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