Sr Project Cost Analyst

Job Description:

Who We Are

We’re powering a cleaner, brighter future. Exelon is leading the energy transformation, and we’re calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient. We’re powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service.

We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (Com Ed), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking.

And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career. Are you in?

Provide project controls cost engineering support to Directors, Manager of Projects, Project Managers, contractors and other key team members. Develop and monitor the annual budgets, actual and forecasted costs, and Long-Range Plans for PHI Transmission & Substation, projects and programs. Utilize multiple existing Exelon systems to support current and future work with respect to budgeting, financial forecasting, actual cost tracking, project authorization, work management, contracts, and material tracking.

Provide broad analytical and operational support to the business unit. Prepare comprehensive reports to support business operations including reauthorization risk, forecast accuracy by Project Managers, program and department, CIAC forecast and analysis, contingency released and remaining, and others as requested. Utilize WPT to create PAR forms, ITN’s, Project IDs, and update financial plan types. Coordinate project authorization process including updating decks for all T&S line of business projects.

Schedule and run monthly project status calls. Track and manage In-Service Dates and Project Aging PIs.

• 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.
• Assist in the development and continued monitoring of the budgets and LRPs for transmission & sub-station, distribution, projects and programs. Monitor, track, and report project budgets, forecasts, accruals, and actuals.
• 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.
• Develop, organize, and present project and program performance reports for both internal and external use.
• 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 T&S Project Execution leadership.
• Analyze project actual and forecast data accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits.
• Manage the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Execution.
• Provide support to Project Managers for presentations and forms required for project authorization.

• 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…