Role: Commercial Project Manager Location: Gurgaon Project Management: • Lead and manage projects throughout the entire project life cycle. • Active involvement in sales and project initiation phases, including customer requirements analysis, commercial and contractual feasibility assessment, and ECC matters. • Review and evaluation of contract conditions, including legal scrutiny. • Conduct commercial project status meetings with stakeholders. • Ensure the correct methodology for evaluating risks and opportunities is applied. • Identify, evaluate, assess risks and opportunities, and develop appropriate response strategies. • Ensure adherence to regulations, including the role of the CPM as per FRG, NCM guidelines, and specific regulations. • Coordinate onshore and offshore allocations with the Project Manager. • Ensure compliance with internal controls (RIC), including ICFR. Project Finances: • Verify cost and pricing calculations and maintain accurate project books and records, including SAP data. • Prepare commercial documentation for regular project status meetings and ensure data accuracy (FC, MIKA, cash flow). • Manage asset management and initiate invoicing per project progress and contractual terms. • Ensure compliance with Siemens FRG and local GAAP requirements. • Oversee the application and management of financial guarantees, bonds, and project securities. • Support the PM in identifying and minimizing non-conformance costs and implementing lessons learned. Risk, Contract, and Claims Management: • Ensure compliance with LOA guidelines for commercial aspects and risk management processes. • Participate in contract/claim/change order negotiations for commercial aspects. • Establish a contract and claim management framework, involving the assigned CM when necessary. • Summarize critical and legal elements, ensuring their consideration in partner/subcontractor contracts. • Identify, assess, respond to, monitor, report, and escalate all commercial risks, such as calculations, tax, insurances, and currency. • Communicate relevant commercial contractual obligations/conditions to project team members. • Participate in the Change Management Authority (change control board) for change request review and approval. • Perform credit risk analysis for potential customers, in collaboration with Global Procurement for suppliers. Compliance to Standards, Rules, and Regulations: • Lead project members to adhere to Business Conduct Guidelines and promote a culture of trust and integrity. • Ensure compliance with relevant tax regulations, including PATAC, NCM, and PE management. • Compliance with export control regulations. • Adherence to hedging/currency regulations. • Support PM in establishing a framework for regular compliance checks in the project.