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Portfolio Finance Manager - Services Business

Metro Manila, Philippines (Hybrid)

Portfolio Finance Manager - Services Business

3 Months ago • All levels • Finance • Undisclosed

About the job

2 skills required for this role

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forecasting-budgeting

revenue-recognition

Job Description

This role requires a finance professional with a deep understanding of accounting standards, revenue recognition for long-term services contracts, and experience in construction, utility, or renewable energy projects. Must have strong analytical and communication skills, as well as experience managing complex commercial transactions.

Must have:

USGAAP knowledge
Revenue Recognition
Commercial Manager
Contract Management

Good to have:

Renewable Energy
Electricity Markets
Logistic Processes
Tax Topics

The Commercial Project Manager - Services Business)is responsible for managing and tracking all commercial, accounting, finance, tax and legal related matters of our Long-Term Services Agreements in close cooperation with the field services engineers, the

services planners and other related functions like procurement, logistics, and safety & quality teams.

The position also requires interfacing with external stakeholders, specifically with our customer’s operations teams and commercial counterparts.

Major Duties and Responsibilities:

- Maintain conformity of our services projects with accounting standards to ensure accuracy of financial reporting and revenue recognition.

- Prepare, present, and evaluate project commercial data (forecasting and budgeting) for our management, project review meetings or financial audit purposes.

- Classify and control project costs and execute cost analyses together with the services team to optimize the projects’ margins.

- Carry out proactive accounts receivables management to achieve project cash flow targets.

- Ensure that change orders and warranty claims towards suppliers and customers are properly endorsed, entered, and negotiated.

- Partner up with procurement and legal team in preparation of contracts with suppliers and subcontractors.

- Keep track and manage project risks (e.g., warranty, status of asset performance and provided performance-related guarantees, supplier risks, schedule risks, etc.) and opportunities together with the services team.

- Actively communicate with customer’s commercial representatives and manage solving issues.

- Execute guarantees, bonds and LCs for performance and warranty purposes during services period and follow-up expired ones.

- Ensure sufficient insurance coverage of the projects during shipment of spare parts, onsite activities and warranty period.

- Coordination with legal interfaces for all contractual and legal activities regarding customer and 3rd parties.

Qualifications:

• Live Fluence’s core values: responsible, agile, leading and fun!

• Be self-motivated, ambitious, organized, possess strong time management skills, pay attention to details, and have a sense of urgency for critical deadlines.

• Be a self-starter who can work independently as well as a member of project teams.

• Bring vast understanding of accounting standards (USGAAP), experience in revenue recognition for long-term services contracts, understand requirements for accruals, provisions, commercial month end closing and audit activities.

• Bring experience as a commercial manager for services or accountant of construction, utility, services, renewable energy, or energy storage projects.

• Have a large interest in renewable energy and basic understanding of functioning of electricity markets and different applications/ revenue models for battery energy storage assets.

• Have experience commercial negotiations or contracts management of complex commercial transactions/ claims.

• Knowledge of logistic processes and tax topics is a bonus.

Required Education and Training:

Bachelor’s degree with a major in finance, accounting or business administration.

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