Commercial Officer

3 weeks ago


Newcastle upon Tyne, United Kingdom Royal IHC Full time

We have an exciting opportunity for a qualified Commercial Officer to join our team working in a technically demanding and fast moving project based business. Our company designs and constructs integrated equipment and products for the offshore, marine, oil & gas, renewable and defence markets.

You will be responsible for:

  1. Product Budget: tracking costs and expenditures throughout the project lifecycle, providing analysis and reports on any cost variances to the baseline project budget.
  2. Contract Administration: preparing and administering supplier subcontracts, including assessing variations and claims, ensuring compliance with contractual obligations, and resolving disputes.
  3. Risk Management: identifying and assessing potential financial risks associated with the project and developing strategies to mitigate them.
  4. Change Management: managing changes to the project scope, assessing their cost implications and negotiating with relevant parties to agree on fair adjustments.
  5. Final Account Settlement: preparing and negotiating the final accounts with contractors and sub-contractors upon project completion.
  6. Dispute Resolution: providing expert advice in case of disputes related to construction costs or contractual matters, and assisting in dispute resolution processes if necessary.
  7. Financial Reporting: preparing regular financial reports and cost forecasts for stakeholders, including clients, supplier subcontracts and project managers.
  8. Benchmarking: comparing project costs against industry standards and historical data to identify areas of improvement.

Job requirements:

  1. Degree in an appropriate discipline such as Quantity Surveying / Commercial Management.
  2. Relevant commercial experience of engineering design and build projects.
  3. Understanding and working knowledge of processes and procedures in a complex engineering and manufacturing environment.
  4. Proficient report writing and data analysis skills backed up by strong MS Office knowledge.
  5. Excellent verbal and written communication skills.
  6. Organised, analytical, self-motivated and professional.
  7. Problem solver, able to work independently, under pressure, with minimum supervision.
  8. Willingness to undertake national and international travel as part of the job role.
About Us

Royal IHC is a leading supplier of maritime technology and expert craftsmanship. Driven by innovation, our dedicated experts provide a competitive edge to our worldwide customers in the dredging, offshore, mining and defence industries. However, Royal IHC is much more than vessels, equipment and services.

We deliver reliable, integrated solutions that improve operational efficiency and create a platform for a more sustainable performance. As we navigate new waters, our aim remains unchanged: to discover the smartest and safest way forward for both our customers and our people. Together, we create the maritime future.

In 2042 (when we exist 400 years) Royal IHC will be a fully sustainable company with a net-zero portfolio.

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