Sr Project Cost Analyst - BGE

Primary Purpose

The Senior Cost Analyst is a key member of BGE’s Project Initiation Team, responsible for developing and validating cost estimates and cash flow forecasts for major Transmission capital projects during the early stages of the project lifecycle. This role focuses on building reliable, defensible cost information that supports project scoping, feasibility, and readiness for Phase 1 authorization. Working closely with Project Managers, Schedulers, Estimators, Planning, Engineering, and Investment Strategy, the Senior Cost Analyst integrates cost inputs with schedule, scope, and risk to develop cohesive and credible financial projections.

The role ensures that early‑stage estimates are supported by clear assumptions, appropriate methodologies, and defined ranges of uncertainty, enabling informed capital decision‑making. The Senior Cost Analyst plays a critical role in identifying cost drivers, validating inputs, and assessing financial risks early in the project lifecycle. This includes developing contingency approaches, evaluating estimate maturity, and supporting alignment between project cost forecasts and portfolio‑level financial planning.

By providing transparency into cost assumptions and risks, this role helps improve financial accuracy and reduce downstream rework. In addition, the Senior Cost Analyst supports the development of project cash flows aligned with preliminary schedules, ensuring that funding requirements are understood and incorporated into both near‑term and long‑range planning. The role also contributes to the preparation of governance materials by delivering clear, consistent, and decision‑ready cost information.

The Senior Cost Analyst does not support execution‑phase cost control activities instead, the role ensures that projects are transitioned to execution teams with a well‑defined estimate, transparent assumptions, and a clear understanding of cost risks and drivers—strengthening execution readiness and improving overall portfolio predictability.

• Manage project forecasting, accrual, and status process. Attend required meetings and reach out to project stakeholders for detailed project information. Identify project/program budget, forecast, and authorization issues early and assist in developing resolutions to meet project metrics. (25%)

• Assist in the development and continued monitoring of the budgets and LRPs for transmission, sub‑station, distribution, and gas (BGE) projects and programs. Monitor, track, and report project budgets, forecasts, accruals, and actuals (20%)

• Manage project and program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis. Support project management at resulting financial challenge meetings. (15%)

• Develop, organize, and present project and program performance reports for both internal and external use. (10%)

• Schedule and facilitate monthly forecasting and accrual meetings and prepare monthly project accruals and journal entries for project manager review and submittal to Finance department before submittal to Finance group, reporting variances and issues to both the project management and project controls leadership. (10%)

• Analyze project actual and forecast data accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits. (10%)

• Manage the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Controls. (5%)

• Provide support to Project Managers for presentations and forms required for project authorization. (5%)

• This is an individual contributor position that works independently with only general direction, relying on knowledge skills and judgment acquired through education and relevant experience to plan and accomplish assigned tasks and goals. The position regularly mentors less experienced colleagues.

• Position requires routine interaction with key internal and external stakeholders, executives, directors, managers and staff across the organization.

• May require working extended hours and/or shift work to support business operations.