Commercial Officer

at  Royal IHC

The role:
We have an exciting opportunity for a qualified Commercial Officer to join our team working in a technically demanding and fast moving project based business. Our company designs and constructs integrated equipment and products for the offshore, marine, oil & gas, renewable and defence markets.

You will be responsible for:

• Product Budget: tracking costs and expenditures throughout the project lifecycle, providing analysis and reports on any cost variances to the baseline project budget.
• Contract Administration: preparing and administering supplier subcontracts, including assessing variations and claims, ensuring compliance with contractual obligations, and resolving disputes.
• Risk Management: identifying and assessing potential financial risks associated with the project and developing strategies to mitigate them.
• Change Management: managing changes to the project scope, assessing their cost implications and negotiating with relevant parties to agree on fair adjustments.
• Final Account Settlement: preparing and negotiating the final accounts with contractors and sub-contractors upon project completion.
• Dispute Resolution: providing expert advice in case of disputes related to construction costs or contractual matters, and assisting in dispute resolution processes if necessary.
• Financial Reporting: preparing regular financial reports and cost forecasts for stakeholders, including clients, supplier subcontracts and project managers.
• Benchmarking: comparing project costs against industry standards and historical data to identify areas of improvement.

Job requirements:

• Degree in an appropriate discipline such as Quantity Surveying / Commercial Management.
• Relevant commercial experience of engineering design and build projects.
• Understanding and working knowledge of processes and procedures in a complex engineering and manufacturing environment.
• Proficient report writing and data analysis skills backed up by strong MS Office knowledge.
• Excellent verbal and written communication skills.
• Organised, analytical, self-motivated and professional.
• Problem solver, able to work independently, under pressure, with minimum supervision.
• Willingness to undertake national and international travel as part of the job role.

• Product Budget: tracking costs and expenditures throughout the project lifecycle, providing analysis and reports on any cost variances to the baseline project budget.
• Contract Administration: preparing and administering supplier subcontracts, including assessing variations and claims, ensuring compliance with contractual obligations, and resolving disputes.
• Risk Management: identifying and assessing potential financial risks associated with the project and developing strategies to mitigate them.
• Change Management: managing changes to the project scope, assessing their cost implications and negotiating with relevant parties to agree on fair adjustments.
• Final Account Settlement: preparing and negotiating the final accounts with contractors and sub-contractors upon project completion.
• Dispute Resolution: providing expert advice in case of disputes related to construction costs or contractual matters, and assisting in dispute resolution processes if necessary.
• Financial Reporting: preparing regular financial reports and cost forecasts for stakeholders, including clients, supplier subcontracts and project managers.
• Benchmarking: comparing project costs against industry standards and historical data to identify areas of improvement