
Senior Project Finance Manager
3 days ago
At Siemens Pakistan Engineering Co. Ltd., we are committed to leveraging our cutting-edge technologies to drive progress and innovation. As a key member of our Smart Infrastructure Electrification and Automation Business Unit, you will play a pivotal role in shaping the future of our company.
Your Role - International, Challenging And Future-OrientedIn collaboration with our project management team, you will be responsible for controlling and commercial project management of projects in Saudi Arabia. This includes revenue recognition, project cost management, contract management, accounting, cash flow management, opportunity and risk management, foreign currency management, monitoring of bank guarantees, as well as project-specific insurance.
- Effective and efficient commercial project management encompassing all functions of project controlling; particularly timely submission of invoices and other claims to customers along with proper follow-up for fast processing.
- Develop a project controlling module/tool to prepare current cost calculations (CCC), mapping of actual status; forecast, cash in/out, billings, collections, etc. on an item-by-item basis for better controlling and forecasting of project results.
- Forecast quality, with emphasis on meeting forecast every month, quarter, and annually.
- Ensure submission of feedback/responses by defined timelines, e.g., forecast preparation, NCC reporting, and review of projects' midterm calculations as per required frequency.
- Submission of closing documents/information (JVs, advance adjustments, receivables adjustments, time sheet booking, receivables due date change, etc.) along with proper documentation before month-end closing. Also, adherence to other activities defined in the closing schedule.
- Ensure CCC updation in Spiridon, booking of GRs & Billing in the system.
- Maintain & Update Risk & Opportunity Register.
- Maintain List of Claims, such as Variation Order, Escalation, Duty/Taxes, etc.
- Controlling of Advances, Guarantees & LCs towards Customer & Supplier/Contractors.
- Maintain Purchase Orders (Issued & Balance Ordering List backed by Supporting) & full review of committed cost.
- Timely Payment to Suppliers-Pending Invoices status to CPMs in AIMS tool. Making of Urgent Payment Request (UPR).
- Coordination with Logistic & freight forwarder team for shipment status-Arranging of timely shipping documents from various countries for custom clearance, Goods & invoice receipt, etc.
- Controlling of Inventory at Site, Calculating Foreign Currency exposure & Hedging.
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