Commercial Manager

Added 8 February 2024

Commercial Manager

Job Type: Full Time; Permanent

Salary: DOE

Sector: Technical and Freelance

Location: Hull

About this Role

Mech Tech Professionals are currently recruiting for a Commercial Manager to be based in Hull.

The Role

Reporting directly to the Head of Commercial for Projects, Engineering and Automation and being responsible for delivering best in class contract controls, coupled with P&L performance across the Projects, which has designated multi-disciplinary services.  Accountable for the commercial and cost management of a project or programme of the project from inception to close out, ensuring that maximum efficiencies are obtained and full compliance with all governance procedures is achieved. Will also work closely with Technical, Project Management and Project Controls teams.

Main Responsibilities

•    To provide visibility on Contract Financial Performance including the preparation of monthly management accounts
•    To carry out audits and review as necessary, to assist with the identification and implementation of potential commercial improvements
•    To ensure suitable controls are in place in support of financial deliverables
•    To ensure compliance with company policies, processes and procedures related to the management of commercial aspects
•    Supporting operations and project teams in the execution of contracts related to financial and overall performance against agreed budgets and preparation of reports in accordance with Company procedures
•    To interface with Business Managers, Invoicing, Accounts, Procurement, Tendering
•    To collate all relevant start-up information for jobs/phases
•    Report to senior management the on-going financial performance of each job by preparing monthly management accounts
•    To study and familiarise oneself with relevant Contract Commercial Terms and Conditions and monitor to ensure compliance with these
•    To review all invoices for completeness and correctness prior to submission to Client
•    To assist in preparation of valuations on the client contract terms
•    To assist with the identification and management of contract variations
•    To assist Delivery Managers in the preparation of monthly cost / value reports and to conduct subsequent analysis, review and feedback
•    Set up appropriate cost control/monitoring mechanisms and conduct ongoing audit and reviews of same
•    Collation of contract budgeting/forecasting information and check on integrity of information provided to ensure dependability of information provided
•    Assist in preparation and resolving claims
•    Submission of annual rates uplifts
•    Assist in re-negotiation of revised contract terms
•    Identification of areas of commercial weakness and assist in improving the problems
•    Cross-sharing of ideas between different contracts to ensure lessons learnt from both positive and negative influences
•    Assist in the standardisation of techniques and reporting mechanisms
•    Assist in preparing/reviewing the commercial element of Business Cases
•    Interface with Procurement Team
•    Assists in preparation of Financial element for client reports
•    Monitor and provide feedback relative to KPI performance and highlight areas where improvement is necessary to optimise financial return
•    Assist Project Manager in the development of appropriate processes/systems to cater for client specific requirements with regards to detailed cost breakdowns
•    Interface person for Invoicing departments with regard to commercial issues
•    Reconciliation exercises as required
•    Provides detailed analysis of completed projects to highlight areas of learning
•    Check accuracy and approve invoices as required and prepared by Invoice Administrators for return in an expeditious manner

Experience & Qualifications

•    Proven track record in a similar role.
•    Experience in fast paced work environment.
•    Possess a finance degree or be working towards a recognised accounting qualification or have suitable relevant experience working in a similar Commercial or Financial role
•    Problem Solver
•    Self-starter and team player
•    Relationship builder
•    Commercial Awareness
•    Ability to work under pressure and to deadline
•    Communication skills
•    Knowledge/previous use of SAP

Please apply for more information

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