Commercial Lead
6 days ago
COMMERCIAL LEAD - LEVEL 6
Common duties and responsibilities for commercial lead are to:
- Understand a company business and commercial terms throughout a project life cycle
- Being a business partner to project leaders (PL) and project managers (PM), supporting them on commercial and financial aspect of project management
- Thoroughly understand contractual commercial arrangement of all projects, especially service fee, billing schedule, payment term etc
- Supporting and taking critical view of project data submitted by PL and PM in Workday
- Closely monitor project performance on both P&L and working capital and be able to highlight potential issues on projects to business leader, PL, PM and finance manager in a timely manner
- Routinely perform ETC/EAC review with PL and PM and ensure that ETC/EAC are complete and reflected in Workday properly
- Ensure that project accounting and revenue recognition comply with Aurecon policy and DoAM
- Leading credit control activities (billing and collection process), which include working closely with PL and PM on billing, raising an invoice and deliver it to clients, proactively engage with clients/ and PL/PM to unlock situation resulting in late collection. The tasks will be performed by a credit control person under supervision of commercial lead
- Reviewing WIP balance and actions/owners to unlock billing through proactive behaviors with PL and PM are critical for this role
- Monitoring WIP and AR aging on a regular basis, ensure that WIP and AR balance are accurate and properly reported on balance sheet and be able to timely identify issue which would require PL/PM and management attention
- Involve in a planning process including annual budgeting and regular forecasting
- Preparing project and commercial relating reports both regular and ad hoc
- Being a key contact point on project financial and commercial matter for both internal and external stakeholder
- Other duties as assigned from time to time
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