Commercial Project Manager

20 hours ago

Gurugram Gurugram India Siemens Full time

Job Description Role:- Commercial Project Manager Location:- Gurgaon 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.

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