Siemens Commercial Project Manager - Rail Automation in Louisville, Kentucky
Commercial Project Manager - Rail Automation
Job Family: Finance
Business Unit: Mobility Management
Requisition Number: 228109
Primary Location: United States-Kentucky-Louisville
Assignment Category: Full-time regular
Experience Level: Mid level
Education Required Level: Bachelor's Degree
Travel Required: 5%
If you really want to make a difference - make it with Siemens.
Mobility is going digital - Siemens Mobility Division is the world's leading provider of mobility solutions that enable the efficient, safe, and environmentally friendly transport of both people and goods which help improve the quality of everyday life for millions of people on all continents.
Driven by innovation, Siemens develops intelligent solutions for the increasing digitalization of the transport sector. Our range of offerings include rail vehicles, rail automation, road traffic management systems and rail electrification. Our data-driven services offer customers value that is unique. We call this Ingenuity for Life . Come and make a difference with Siemens.
For more information, please visit: http://www.siemens.com/businesses/us/en/mobility.html
Siemens Mobility Rail Automation is expanding its Finance team and we’re looking for a mid-level Commercial Project Manager to work with the Project Management team in our Louisville, KY facility. Here, you’ll be responsible for all commercial aspects related to customer contracts starting with the sales phase up to and including the project execution phase.
In this role, you will be fully responsible for financial and commercial management (costs, revenue, and cash flow) throughout the entire life of the project. This will entail sales controlling, performance measurement, planning, forecasting, and reporting. In this challenging role, you’ll also need to interact with our Customers, Suppliers, Project Managers/Engineers, Procurement, Legal, Finance Management, and internal/external Auditors.
Financially set up projects in line with project budget and contract. You will also set up financial performance plans for projects during sales phase and manage throughout project execution phase. Provide insights of project performance to Director of Commercial Project Management and VP of Projects during project reviews.
Monitor revenue recognition: actual vs plan, degree of completion, cost to complete, forecasted costs vs planned. Ensure compliance of revenue and cost recognition with Siemens accounting policies under US-GAAP / IFRS, as well as compliance with internal controls, i.e. Sarbanes-Oxley, export control, LoA, and signature authorities.
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.
Support the responsible Project Manager on any change management issues (variations). Then, obtain verification and approval of variations prior to submittal to the customer ensuring appropriate costing and pricing - in accordance with PM@Siemens Guidelines.
Assess risks and opportunities (and their impact) either in the risk register and/or in the gross margin and suggest ways to prevent negative margins.
Implement and drive measures to improve the project performance through claims and variation management.
Timely issuing invoices to manage A/R and project cash flow.
Drive Procurement (with Project Manager) by ensuring that purchase orders are based on the best available bids and are within budget.
Ensure consistent terms and conditions with suppliers/subcontractors in line with the end-customer contract and actively communicate with them throughout the project.
Coordinate requirements (e.g., performance guarantees, insurances, taxes, sureties) to achieve contract commitments.
Required Knowledge/Skills, Education, and Experience
BS/BA in related discipline (Finance/Accounting) or advanced degree.
Typically 3-5 years of successful experience in a directly related field and successful demonstration of Key Responsibilities and Knowledge as presented above.
Working knowledge of SAP
Understanding of US-GAAP/IFRS guidelines
In addition to an incredible career opportunity, we offer:
-A competitive base salary
-Excellent health/vision/dental plans, 401k match, tuition reimbursement, & 18 days of PTO to start
-Extensive training along with career development
We aim to hire top talent and provide them with opportunities to earn top dollar. Siemens is a great place to have a career in an innovative environment. If you're interested in becoming a Commercial Project Manager with Siemens Mobility, we'll offer you the support and career advancement to make it happen!
Qualified Applicants must be legally authorized for employment in the United States. Qualified Applicants will not require employer sponsored work authorization now or in the future for employment in the United States.
Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.
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Pay Transparency Non-Discrimination Provision
Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .