Commercial Project Manager - Russelectric

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Commercial Project Manager at Russelectric, A Siemens Business

The Russelectric Finance Organization is seeking a Commercial Project Manager to be an integral member of a highly dynamic and energetic team. The qualified candidate will possess a bachelor’s degree in finance, accounting or similar, and previous work experience of 3-5 years in commercial project management, profitability analysis, cash management, claim management, financial accounting and process improvement. The Commercial Project Manager must have excellent communication skills for collaboration with business stakeholders across various departments, factories and business segments.

The position is located at our office in Hingham, MA/US, with flexibility to work remotely 2-3 days per week.

Who designs your future? You do.

Are you looking for a career where you can showcase your technical aptitude and passion for problem solving to make the world a more safe, reliable, and equitable place? Then look to Russelectric, A Siemens Business!

Russelectric custom designs and builds power control systems and equipment to meet the stringent performance and reliability requirements of healthcare, data, communications, and other critical facilities. As a Siemens business, Russelectric does all of this while supporting communities and offering life-changing opportunities for people from all walks of life.

Our Culture:

At Siemens, we live and foster an ownership culture, in which every employee takes personal responsibility for our company's success. We trust and empower our leaders to act as owners, advise their teams, and innovate to succeed. We communicate openly and honestly to learn from our failures and celebrate our successes. We recognize individual and team achievements frequently. We invest in our team members, offering a wide variety of internal and external development opportunities.

What you will do for Russelectric:

As a Commercial Project Manager with one of the world’s most respected manufacturers of automatic transfer switches and power control systems, you will partner with Russelectric’s Project Management Office, perform profitability analysis on projects, lead the Go4Cash initiative of Russelectric This is an excellent opportunity for you to help a great sales, project management  and manufacturing organization become even better!

Your financial expertise will help our project management organization improve their ability to deliver our customers our products to help make the world in a safer and more reliable place: think hospitals, data centers, utilities, mass transportation, and other aspects of life as we know it that need reliable power systems. You will be part of providing solutions to the world’s growing need for dependable critical infrastructure.

Responsibilities:

• Manage all commercial aspects of the project, including financial planning, cost controlling, invoicing and payment collection, business models, financing concepts, currency hedging, risks and opportunities, contract analysis, etc.

• Support the forecast and budget processes to achieve the highest level of accuracy.

• Participate in month-end process and support on balance sheet management and analysis.

• Monitor revenue recognition: actual vs plan, degree of completion, cost to complete, total forecasted costs vs planned during the defined lifecycle of the project

• Partner with the head of PMO to improve processes and the project management function on financial performance.

• Ensure accuracy of project books and records, including recording in the appropriate systems, e.g., SAP - ensure compliance with Siemens Financial Reporting Guidelines plus local GAAP  requirements. Ensure all related Project Reporting and Controlling activities.

• Lead the Go4Cash activities partnering with Global Share Services Collections team, Sales and Project Management.

• Proactively manage changes in project scope, identify potential problems, and initiate the development of contingency plans/risk mitigation measures.

• Supervise and control project scope on large projects >3’0, schedule, budget, risks/opportunities, and deliverables that support business goals in collaboration with the extended Project Team.

You will impress us with the following qualifications

• Bachelor’s degree in Finance, Accounting, or Business Administration required;

• Three (3) to five (5) years of commercial project controlling experience

• Financial experience in technology and/or manufacturing industry

• Experience in financial reporting and consolidation, technical accounting, and operational improvement required; consistent track record to perform these functions independently, optimally, and with attention to detail;

• Detailed reporting and controlling experience including P&L responsibility for assigned projects, balance sheet, cash-flow

• Comprehensive experience in controlling and accounting, contracts and claims management, and supply chain management in a factory environment

• Proficiency with SAP FI/CO and Microsoft Office tools;

• Ability to learn and lead process improvement using new reporting tools such as Dash Reporting, WebFocus, Mendix, KNIME and Tableau;

• Interest in constantly getting better with a hands-on attitude;

• Good verbal and written communication skills in English required;

• Excellent interpersonal skills and demonstrated ability to influence people in a fast-paced multi-cultural business environment.

• Proven organizational skills including attention to detail, time management, and problem-solving skills;

• Experience working on project/product teams supporting multiple projects/products and project managers

• Qualified applicants must be legally authorized for employment in the United States without need for current or future employer-sponsored work authorization.

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.htmlThe pay range for this position is $98,600 - $169,080 plus incentive. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications and premium geographic location.

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.

Siemens Corporation is a U.S. subsidiary of Siemens AG, a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In fiscal 2023, which ended on September 30, 2023, the Siemens Group USA generated revenue of $19.9 billion and employs approximately 45,000 people serving customers in all 50 states and Puerto Rico. 

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.

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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