Senior Project Cost Analyst

Overview

Exelon is leading the energy transformation. We are a Fortune 200 company with 19,000 colleagues serving more than 10 million customers across six energy companies:
Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power & Light, PECO Energy Company, and Potomac Electric Power Company. We value inclusivity, safety, innovation, integrity, and community service, and we provide competitive compensation, incentives, and benefits to build rewarding careers.

Primary

Purpose:

Provide project controls cost engineering support to Directors, Managers of Projects, Project Managers, contractors, and other key team members. Develop and monitor annual budgets, actual and forecasted costs, and Long Range Plans for transmission, substation, distribution, and gas (PECO and BGE) projects and programs. Utilize Exelon systems to support budgeting, financial forecasting, actual cost tracking, project authorization, work management, contracts, and material tracking.

Prepare reports to support business operations, including reauthorization risk, forecast accuracy by Project Managers, CIAC forecast and analysis, contingency released and remaining, and other requests. Use WPT to create PAR forms, ITNs, Project IDs, and update financial plan types. Coordinate project authorization, including updating decks for centrally managed projects. Schedule and run monthly project status calls. Track and manage In-Service Dates and Project Aging PIs.

Primary Duties:

• Manage project forecasting, accrual, and status process. Attend required meetings and obtain detailed project information from stakeholders. Identify budget, forecast, and authorization issues early and assist in developing resolutions to meet project metrics.
• Assist in developing and monitoring budgets and LRPs for transmission, substation, distribution, and gas projects and programs. Monitor, track, and report budgets, forecasts, accruals, and actuals.
• Manage project and program financial risks and opportunities; provide detailed variance analysis to budget, quarterly plan, and month-over-month changes. Support project management at resulting financial challenge meetings.
• Develop, organize, and present project and program performance reports for internal and external use.
• Schedule and facilitate monthly forecasting and accrual meetings; prepare monthly project accruals and journal entries for project manager review and submittal to Finance, reporting variances and issues to project management and project controls leadership.
• Analyze project actual and forecast data accuracy to ensure compliance with internal and external Sarbanes-Oxley audits.
• Manage the vendor forecasting process used as input for forecasting and accruals by Project Controls.
• Provide support to Project Managers for presentations and forms required for project authorization.

Job Scope:

• This is an individual contributor position that works independently with general direction, relying on knowledge and judgment to plan and accomplish tasks; mentors less experienced colleagues.
• Requires routine interaction with key internal and external stakeholders, executives, directors, managers, and staff across the organization.
• May require extended hours or shift work to support business operations.

• Bachelor’s degree in Business, Financial or Technical Field.
• 4-7 years related experience, or in lieu of Bachelor’s degree, 6-9 years relevant business experience.
• Specialized skills, knowledge, license requirements/registrations as applicable.
• Comprehensive understanding of standards, methods, processes, and practices in the supported functional area (e.g., asset management, electric or gas operations, customer service, transmission and substation, distribution system operations, regulatory and external affairs, transmission operations and planning).
• Ability to provide in-depth analysis and apply forecasting, analytical and statistical problem solving, financial, accounting, and budget analysis.
• Strong analytical skills for project financial evaluation and risk identification and mitigation.
• Customer-driven with strong oral and written communications, analytical,…