Senior Commercial Manager

Overview

Job Description

Commercial Manager

What You'll Be Doing

• Provide support and guidance on all commercial issues within the projects and ensure that commercial staff attains their maximum potential.
• Interact with client and address all inquiries related to commercial and contract maximize the profitability of projects.
• Collaborate with project stakeholders to develop and implement procurement strategies.
• Process all Budget Transfer (CRA) documentation and ensure its approval.
• Prepare and administer Purchase Requisition (PR) documentation.
• Develop and manage tender documentation, including pricing schedules and contract terms.
• Assist in the review of financial proposal tender returns.
• Conduct thorough cost analyses and feasibility studies to support project decision-making.
• Evaluate contractor bids and provide recommendations for contract awards.
• Negotiate contract terms and conditions to optimize project outcomes.
• Ensure that letters of award and regret letters are issued to bidders by the client’s procurement team.
• Conduct contract handover meetings with the client’s procurement team and produce minutes of the meeting.
• Ensure performance bonds and advance payment bonds are received and in place for awarded contracts.
• Issue notices to proceed in accordance with the contract.
• Confirm the appointment of the client’s representatives to contractors/consultants.
• Review and approve subcontractors or subconsultants in line with contractual requirements.
• Monitor and report on project costs, budgets, and financial forecasts throughout the project lifecycle.
• Manage contractual relationships with contractors and suppliers, ensuring compliance with terms and conditions.
• Identify and assess risks associated with project execution and recommend mitigation strategies.
• Handle variations, claims, and disputes in collaboration with project teams.
• Provide regular updates to senior management on commercial performance and key issues.
• Ensure timely processing of interim payment applications (IPA) and interim payment certificates (IPC).
• Ensure contractors and suppliers are set up in the client’s Oracle Finance System, and invoices are processed and paid on time.
• Issue notices for delays and deduct penalties as per contract terms.
• Perform contract closeout tasks and update the contracts register upon final discharge.
• Ensure retention monies are released and bonds or securities are returned in accordance with the contract.
• Liaise with internal teams, including project management and finance, to ensure alignment on commercial objectives.
• Foster positive relationships with external stakeholders, including clients, contractors, and regulatory bodies.
• Weekly action plans for assigned WBS codes and tasks.
• Attendance at weekly one-on-one meetings with the Contracts Management SVP to review action plans.
• Regular commercial meetings with contractors/consultants to ensure proactive management of commercial actions.
• Monthly cash flow reporting and updates to the contracts register for inclusion in the monthly report.
• Ensure timely correspondence management, including responses within 14 days and issuance of required letters.
• Maintain and update the bonds and securities database, ensuring compliance with contract requirements.

What's Required For The Role

• Bachelor’s degree in quantity surveying, Civil Engineering, or related field.
• Minimum of 10 years of proven experience in commercial management, particularly on large-scale projects, experience in theme parks / Entertainment Industry preferred.
• Strong understanding of construction contracts, commercial law, and risk management principles, with demonstrable examples.
• Demonstrable knowledge of KSA Government Tenders and Procurement Law.
• Excellent negotiation, communication, and interpersonal skills.
• Proficient in financial management and cost control.
• Strong analytical and problem-solving abilities.
• Ability to work independently and as part of a team.
• Proficiency in relevant software tools and project management applications.
• Cost planning and cost estimating experience and must.
• Must be fluent in English both written and spoken with an excellent capability in written technical skills as well as oral and written communication skills.
• Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.
• We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars!
• Imagine next and join the Parsons quest—APPLY TODAY!
• Parsons is aware of fraudulent recruitment practices.
• To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.