Commercial Project Manager - GP EPC TS - Siemens AG-Dubai
Dubai -Empowerment Drives own empowerment with adequate signature authorization and project target agreement to manage the project as commercial project entrepreneur Supports the PM in managing and optimizing targeted financial results with due professional care (e.g. new order booking, revenue recognition as per FRG, project gross profit, cash flow, assets, liabilities and financing instruments), also supports PM on Contractual matters and timely notifying customer for claims if any Also have sound knowledge and understanding on finance-based projects and their subsequent financial close criteria. Manage the project throughout the project Life Cycle Is actively involved in sales (CRM) / project initiation phase, if applicable Ensures an adequate handover phase, analyzes customers requirements, examines their commercial and contractual feasibility and transferability, incl. ECC matters Ensure the contract is legally, financially and commercially binding and effective on both parties before booking in the system Ensure timely submission of contractual deliverables once contract becomes effective including, bonds, insurances etc. Drives the review and evaluation of the contract conditions incl. all attachments, ensures examination by Legal Holds commercial project status meetings with the involved commercials (incl. onshore, offshore, site etc) Ensures correct methodology for evaluation of risk and opportunities as defined, e.g. in FRG, PM guide Supports the PM in identifying, evaluating, assessing risks & opportunities, strategies and response activities Ensures adherence of NCM regulations, incl. role of the WPC (as per FRG, NCM guideline, specific regulations) Coordinates together with the PM the proper allocation of onshore and offshore parts Ensures together with the PM the adherence to internal controls (RIC), incl. ICFR For cross border projects: synchronizes contract structure with tax and delegation concept; preparation and signature of NCM mandatory documents Manage Project finances Ensures the accuracy of cost and pricing calculation as well as overall project books and records, incl. recording of such in appropriate systems, e.g. SAP Ensure timely booking of new orders, plan costs, revenue recognition as per guidelines also ensure booking of actual cost. Actively review the project costs i-e actual, committed and ensure timely adjustments if required Actively involve in contractual matters and support PM in identification of provisions/accruals as per contract and their booking strategies Fully involve in negotiating PO terms and conditions with the vendors or subcontractors and ensure safeguarding the Siemens interests Good have sound knowledge on General Ledger – GLs and their respective classes also ensure booking of costs as per right GL Handling of imports (onshore or offshore) contracts and arrangement of all import formalities Prepares commercial documentation for regular project status meetings and ensures the accuracy of the commercial project data (i.e. FC, MIKA, cash flow) Actively performs asset management, initiates invoicing according to project progress and contractual terms and ensure proper payment allocation (onshore/offshore/consortium) Ensures compliance with Siemens FRG and local GAAP requirements Ensures the application and the continuously managing of financial Guarantees, Bonds and project securities Supports the PM in identifying, minimizing non-conformance costs and establishing an appropriate reporting structure; supports the implementation of lessons learned into own project and the organization in general Manage the risk, contract and claims Ensures compliance with LoA guidelines for commercial aspects, e.g. risk management process Conducts contracts/claim/change order negotiations with regard to commercial aspects Together with the PM, proactively sets up a contract and claim management, including involvement of the assigned CM, if required as per applicable regulations Supports the CM by summarizing the critical and legal elements and the PM by ensuring that the critical and legal elements are duly considered in partner/subcontractor contracts/respective contract amendments Identifies, assesses, responds, monitors, reports, escalates all commercial risks, e.g. calculation, tax, insurances, currency Ensures communication of relevant commercial contractual obligations/conditions to the relevant project team members Member of the Change Management Authority (change control board) - review, approval, rejection of change requests incl. systematic enforcement of legitimate claims / fending off unjustified claims Performs the credit risk analysis for potential customer, together with Global Procurement for suppliers Manage compliance to standards, rules and regulations Leads (commercial) project members to act according to the Business Conduct Guidelines and establishes a culture of trust and integrity (e.g. adherence of tax regulations, delegation of employees, ICFR, Signature rights, segregation of duties, ECC, EHS) Ensures compliance with relevant tax regulations, e.g. PATAC, NCM, PE management (tax returns, transfer pricing, delegation concepts) Ensure compliance in day to day project execution and support PM for any non-compliance immediately Ensures the compliance with export control regulations Ensures the compliance with hedging/currency regulations Supports PM to set up a framework to ensure regular checks of the compliance in the project, e.g. by conducting Compliance (Re-) assessments at the appropriate milestones / Quality Gates. Manage project team Agrees targets and work packages with commercial project staff, delegates defined commercial responsibilities and authority Holds meetings and seeks actively feedback (e.g. team members, managers, customers, sub-contractors) Takes responsibility for own and supports team-members' work life balance Cooperates closely with commercial line managers and experts Supports commercial team-members' personal development (e.g. PMP) Coaches / Mentors new project team members according to commercial requirements and facilitates an effective team collaboration Manage stakeholders Support the PM to conduct the stakeholder analysis Ensures efficient communication with all relevant internal and external stakeholders, i.e. HR, Quality Management, EHS, customers, suppliers, consortium partners Ensures proper execution of all tasks with all relevant stakeholders, i.e. SFS (e.g. financing, insurance, guarantees, currency & commodity hedging), CF (e.g. AC, Taxes, Treasury, Audit), RIC incl. OR, Legal and Compliance, HR (incl. Delegation process), ECC, Customs, external auditors etc Ensure complete coordination with auditors internal, external or CF A and also ensure zero findings on project Drives interpersonal relationship, fosters effective communication and manages conflicts Interacts with all relevant stakeholders in order to ensure the execution of all issues with regard to project financing, e.g. prolongation of Euler Hermes, World Bank or other financing institutes Supports PM to select and involve partners/subcontractors based on strategic viewpoints and defined criteria Ensure good relationship with vendors/subcontractors/Customers Supports Procurement and Logistics, if applicable Manage customer requirements Actively gathers information on customer, strategies, requirements and targets regarding commercial aspects Actively communicates with customer's high seniority commercial representatives and manages resolution of commercial issues Actively builds relationships to customer's senior commercial management Manages customer expectations together with PM Regularly performs lessons learned activities on commercial aspects and feeds results into own project lessons learned activities and into own organization Develop strategies for the project and beyond Acts as an advisor for senior commercial management regarding all project issues Support senior commercial management by providing accurate and timely project KPIs for onward decisions Support senior commercial management by preparing various analysis of the project financials Supports the PM to develop and consider strategic targets for own project in alignment with business strategy Supports the PM to represent the project in the relevant decision boards internally and externally Supports to identify and create additional opportunities out of the project Professional commercial knowledge and experience in the financial management of complex projects and in the financial management itself. Competencies: Project Management Contract Management Claim Management Techniques and Methods of Risk Management Coaching & Teamwork Conflict management Subcontractor Management Some Siemens units differentiate the commercial responsibility between Sales/Offer and Execution phase. Accordingly, some of the above defined mandatory tasks where the CPM is fully responsible for may not apply while others might be further specified in respective guidelines. The above defined responsibilities are standardized from a Siemens point of view - this job profile is a standard for the commercial project managers while further specification is in principle foreseen. Job ID: 197982 Organization: Gas and Power Company: Siemens LLC Experience Level: Experienced Professional Job Type: Full-time
Head of Finance with leading Facility Management firm - GCH HR-Dubai
Dubai -AED12,000 - AED15,000 a monthUrgently looking for Head Of Finance with leading facility management firm in Dubai -The RoleReporting directly to the Chief Financial Officer you will be responsible for all aspects of financial accounting and reporting for the regional entity. You will provide complete, accurate and timely information to support management decision-making and maximize the company's profitability.Principal Duties & Responsibilities: Lead the month-end and year-end closing activities as per policies and procedures, maintain, and reconcile General Ledger accounts ensuring quality and efficiency in the deliverables.Oversee the day to day accounting processes, and effective management of the payables, receivables and the chart of accounts ensuring that proper books of accounts are maintained for effective financial control in accord with corporate standards and local statutory requirements.Issue reinsurance statements to insurance companies and HQ on monthly and quarterly basis in order to provide information on premiums earned and claims incurred and ensure adherence to reinsurance company policies and corporate guidelines.Create new standard operating procedures for the shared service centre across all processes, clearly identifying key controls in the process.Ensure monthly cashflow forecasts are updated for next three months with intercompany balances settled on a timely basis and communicate surplus or deficit funds to leadership team.Supervise customer billing, credit clearance and collection procedures to ensure adherence with established financial policies and support effective cash flow management.Motivate subordinates and identify opportunities for continuous improvement of financial and accounting operations and systems, processes and practices taking into account automation, international leading practices, improvement of business processes, cost reduction and productivity improvement.Ensure compliance to all relevant quality, health, safety and environmental management procedures and controls across the department to guarantee employee safety, compliance, delivery of high-quality products/ service and a responsible environmental attitude.Key decisions having significant impact on the Finance function are referred to the Head of Finance for approval before implementation.The CandidateMinimum Qualifications: Bachelor's degree in Accounting or FinanceFully qualified accountant (CPA/CMA or equivalent).Minimum Experience: 8-10 years' accounting & financial reporting experience in a financial services organisation.Experience of interacting with external auditors and representatives of national/international financial institutions.3-5 years managerial experienceJob Type: Full-timeSalary: AED12,000.00 to AED15,000.00 /month
A leading Insurance company is look - SUG Global FZE-Dubai
Dubai -Customer Service Officer for an Insurance company Industry: Insurance Career: Mid Career Job Location: Dubai - Salary: AED 5001-7000 Experience: 5 - 7 Years Job Type: Full Time Gender: Any Contact No.: 0569449565 Email: [email protected] Street: Dubai - City: Dubai - Listed: November 12, 2019 2:51 pm Expires: 28 days, 20 hours Description A leading Insurance company is looking to hire Customer Service Officer. Job Location – Dubai - Salary – Upto AED 7,000/- Job Role- Receive and process customer requests, inquiries and complaints relating to company’s products and services. Ensure delivery of high quality service to customer in issuance of documents like policies, endorsements, certificates to the customers/brokers etc. in compliance with company’s set policies and procedures.