Senior Commercial Manager

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Job Description

We are seeking an experienced Commercial Manager to join our team for a multi-billion-dollar building and infrastructure project. The successful candidate will be responsible for providing comprehensive pre- and post-contract commercial management services to ensure the project's financial viability and compliance with all contractual obligations.

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!

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