Smart Buildings Project Controller / Commercial Project Manager – Midwest Zone in Rolling Meadows, Illinois

Job Family: Finance

Req ID: 431072

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?  

Our Smart Buildings help to create efficient, safe, adaptable, and responsible environments. Our aim isn’t just about improving buildings; it’s about creating perfect places that improve people’s lives.  

The Midwest Zone of Siemens Smart Infrastructure is expanding the finance team and is looking for an additional Project Controller / Commercial Project Manager that is responsible for all commercial aspects related to the most important projects. The engagement starts with the sales phase and extends through the project completion. Responsibilities encompass sales controlling, performance measurement, planning, forecasting, and reporting. The Project Controller is partnering with the Project Managers to ensure a successful execution of the projects. Why is this so important? The Project Controller is engaged with Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal, other Project Controllers, regional and national Finance colleagues, and internal and external and reports directly to the Senior Zone Management.

As a Project Controller / Commercial Project Manager, you will:

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

• Ensure quality of all commercial and administration of project policies per Siemens guidelines.

• Ensure an adequate handover phase, analyze customer requirements, and examine their commercial and contractual feasibility and transferability.

• Ensure proper financial project set-up including the work breakdown structure in SAP (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).

• 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.

• 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.

• 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 internal Guidelines.

• 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 use 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.

• 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.

• 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.

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

• Regularly perform lessons-learned activities on commercial aspects and feed results into own project lessons-learned activities and into own organization.

• Drive interpersonal relationships, foster effective communication, and manage conflicts.

You will make an impact with these qualifications:   

Basic Qualifications:

• Bachelor’s Degree

• Must be willing and able to travel up to 20% within Midwest Zone (IL, IN, MI, WI, MN, IA, NE, KS, MO)

• 8+ years of professional experience in the financial management of complex projects (e.g. Project Coordinator, Contract Administrator, or other similar position).

• Experience with Microsoft Office, including Word, Excel, PowerPoint, and Outlook.

• Verbal and written communication skills in English.

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

Preferred Qualifications:

• Bachelor’s Degree in Accounting, Finance, Business, or related field.

• Certified Public Accountant certificate.

• Proficiency with related 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 $78,960 – $162,240 / year. 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 (https://www.siemens.com/us/en/company/environmental-society-governance/diversity.html) . 

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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