Commercial Project Manager
1 month ago
Our global client is looking to add to their strong team in Burnley. The chosen individual will be given the responsibility to manage the commercial and financial aspects of different projects across the business. Projects ranging from £2.5-£25m+. An exciting opportunity where you will be interfacing with internal and external stakeholders for global projects.
Role Responsibilities:
- Project and commercially manage multiple projects from receipt of award until final account stage and in conjunction with Project Delivery Manager, assuming responsibility for delivery of the expected GM % rate
- Populate and update Commercial documents including profitability overview, revenue/cost/margin forecasts (monthly)
- With the assistance of the Project Cost Account, review and track cashflows and budget trackers for cost spend (monthly)
- Populate monthly business review file (MBR), explains forecasting updates with Senior management and track each month’s actuals to commitment and update on the variances.
- Understand Contract requirements (per project) on contractual milestone payments, revenue recognition, ensuring compliance and with the aim to ensure maximum potential is realised.
- Build positive relationships with customers to improve opportunities of repeat business and additional scopes.
- Raise, submit and agree on variance orders in accordance with the contract.
- Review payment applications prepared by the Commercial Administrator in readiness for submission to the client.
- In conjunction with the Commercial Administrator understand AR position on projects Commercially responsible for supporting the maintenance of accounts receivable resolving any disputes in a timely manner, and handling negotiation to resolve payment in line with terms.
- Undertake detailed formal project reviews monthly to understand and explain profitability compared to bid and forecast, to seek out opportunities/risks but also provide feedback to project delivery and proposals teams to take decisive action to mitigate any overspend/provide accurate pricing.
- Support with ad hoc analysis of projects as and when required.
- Support in the provision of financial evidence for internal or external audits as and when required.
Job Specific Education Required:
- Project Management and Project Work Understanding.
- Contract Management.
- Accounting and Finance knowledge (understanding of accounting terminology).
- Good Excel knowledge (essential).
Work Experience Required:
- Background in project-based business (desirable).
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