Commercial Project Manager (Financial Controller) - Innomotics LLC
Hartford, CT
About the Job
Commercial Project Manager (Financial Controller)
Job ID: 4354
Location:
US
We are looking for a Commercial Project Manager to join our team at Innomotics.
Your change engine.
Motors and drives are our business, redefining reliable motion from check-time per day to uptime per lifecycle, from simply on/off to everything smart in between. Our most powerful engine: more than 15,000 dedicated experts, doers, colleagues. For them, engineering the future means keeping businesses in motion – in e-motion. We are the “we” in power – and we can empower you.
15,000 and counting.
Are you looking for the stability of an established global player with the lean, innovative spirit of a mid-size hidden champion? That’s us! Are you looking to shape entire industries with a future-proof portfolio of more sustainable, energy efficient solutions? Deal, let’s go!
The role.
Innomotics LLC is seeking a Commercial Project Manager (CPM) to be responsible for commercial aspects related to customer contracts—from the sales handover phase to execution to project completion. Responsibilities encompass financial controlling, performance measurement, planning, forecasting, reporting and SAP entry. The CPM partners with the Project Manager in all other areas where a takeover of responsibilities is decided and/or a useful contribution. The CPM will also partner with Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal, other Commercial Project Managers, regional and national Finance colleagues, and internal and external Auditors and management at all levels.
Responsibilities :
+ Ensure compliance with Levels of Authority approval guidelines for commercial aspects, e.g. risk management process.
+ Ensure quality of all commercial and administrative project policies per Siemens guidelines.
+ Ensure accurate financial project set-up is in line with agreed project budget and company internal contractual arrangements.
+ Partner with the Project Manager in leading 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 and other financial reporting tools.
+ Set up financial performance plan for the project based on the planned delivery schedule for the offered scope during the sales phase and run it throughout the project execution phase.
+ Set up and closely supervise 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.
+ Collaborate with the responsible Project Manager on organizational change issues (variations) relating to the scope of the project. Acquire verification and approval of variations prior to submittal to the customer ensuring appropriate costing and pricing in accordance with PM @Siemens Guidelines.
+ Partner with 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 with the Project Manager to leverage 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.
+ Provide ownership of the timely issuing of invoices with a strong focus on running 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 connect with customers’ commercial representatives and lead 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, develop effective communication, and handle conflicts.
Your profile.
Requirements :
+ Bachelor’s Degree in Accounting, Finance, Business, or related field preferred
+ Local Hybrid is preferred – Remote is an option
+ Required travel: 10% if local. Up to 25% if remote
+ 3+ years of work experience in a Finance, Project Controlling or other related role
+ Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook
+ Must have strong verbal and written skills
+ Qualified Applicants must be legally authorized for employment in the United States and will not require employer-sponsored work authorization now or in the future for employment in the United States
Preferred Requirements :
+ Proficiency with related SAP modules.
+ Proficiency in Tableau and Power BI a plus.
The pay range for this position is $71,300 - $122,300. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.
What we offer.
At Innomotics, we are committed to an ownership culture, in which every employee takes personal responsibility for our company’s success. We apply lean principles and seek to continually improve our processes and customers’ experience.
Why you’ll love working at #TeamInnomotics
+ Competitive compensation based on qualifications
+ Medical, dental, prescription and vision coverage, first day of employment
+ Matching 401(k) (immediate employer match)
+ Competitive paid time off plan, paid holidays, and floating holidays
+ Career development opportunities
+ Education and tuition reimbursement programs available
+ Flexibility to work remote a few days a week
+ Paid parental leave
Who designs your future? You do.
Make your mark in our exciting world. #JoinReliableMotion #TeamInnomotics
As an equal-opportunity employer we are happy to consider applications from individuals with disabilities.
Jobs at Innomotics (https://jobs.innomotics.com/) - if you would like to find out more about jobs & careers at Innomotics.
Apply now »
Job ID: 4354
Location:
US
We are looking for a Commercial Project Manager to join our team at Innomotics.
Your change engine.
Motors and drives are our business, redefining reliable motion from check-time per day to uptime per lifecycle, from simply on/off to everything smart in between. Our most powerful engine: more than 15,000 dedicated experts, doers, colleagues. For them, engineering the future means keeping businesses in motion – in e-motion. We are the “we” in power – and we can empower you.
15,000 and counting.
Are you looking for the stability of an established global player with the lean, innovative spirit of a mid-size hidden champion? That’s us! Are you looking to shape entire industries with a future-proof portfolio of more sustainable, energy efficient solutions? Deal, let’s go!
The role.
Innomotics LLC is seeking a Commercial Project Manager (CPM) to be responsible for commercial aspects related to customer contracts—from the sales handover phase to execution to project completion. Responsibilities encompass financial controlling, performance measurement, planning, forecasting, reporting and SAP entry. The CPM partners with the Project Manager in all other areas where a takeover of responsibilities is decided and/or a useful contribution. The CPM will also partner with Customers, Suppliers, Project Managers/ Engineers, Sales, Procurement, Legal, other Commercial Project Managers, regional and national Finance colleagues, and internal and external Auditors and management at all levels.
Responsibilities :
+ Ensure compliance with Levels of Authority approval guidelines for commercial aspects, e.g. risk management process.
+ Ensure quality of all commercial and administrative project policies per Siemens guidelines.
+ Ensure accurate financial project set-up is in line with agreed project budget and company internal contractual arrangements.
+ Partner with the Project Manager in leading 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 and other financial reporting tools.
+ Set up financial performance plan for the project based on the planned delivery schedule for the offered scope during the sales phase and run it throughout the project execution phase.
+ Set up and closely supervise 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.
+ Collaborate with the responsible Project Manager on organizational change issues (variations) relating to the scope of the project. Acquire verification and approval of variations prior to submittal to the customer ensuring appropriate costing and pricing in accordance with PM @Siemens Guidelines.
+ Partner with 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 with the Project Manager to leverage 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.
+ Provide ownership of the timely issuing of invoices with a strong focus on running 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 connect with customers’ commercial representatives and lead 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, develop effective communication, and handle conflicts.
Your profile.
Requirements :
+ Bachelor’s Degree in Accounting, Finance, Business, or related field preferred
+ Local Hybrid is preferred – Remote is an option
+ Required travel: 10% if local. Up to 25% if remote
+ 3+ years of work experience in a Finance, Project Controlling or other related role
+ Proficiency with Microsoft Office, including Word, Excel, PowerPoint, and Outlook
+ Must have strong verbal and written skills
+ Qualified Applicants must be legally authorized for employment in the United States and will not require employer-sponsored work authorization now or in the future for employment in the United States
Preferred Requirements :
+ Proficiency with related SAP modules.
+ Proficiency in Tableau and Power BI a plus.
The pay range for this position is $71,300 - $122,300. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.
What we offer.
At Innomotics, we are committed to an ownership culture, in which every employee takes personal responsibility for our company’s success. We apply lean principles and seek to continually improve our processes and customers’ experience.
Why you’ll love working at #TeamInnomotics
+ Competitive compensation based on qualifications
+ Medical, dental, prescription and vision coverage, first day of employment
+ Matching 401(k) (immediate employer match)
+ Competitive paid time off plan, paid holidays, and floating holidays
+ Career development opportunities
+ Education and tuition reimbursement programs available
+ Flexibility to work remote a few days a week
+ Paid parental leave
Who designs your future? You do.
Make your mark in our exciting world. #JoinReliableMotion #TeamInnomotics
As an equal-opportunity employer we are happy to consider applications from individuals with disabilities.
Jobs at Innomotics (https://jobs.innomotics.com/) - if you would like to find out more about jobs & careers at Innomotics.
Apply now »
Source : Innomotics LLC