Sr Project Cost Analyst (Hybrid)
Company: Exelon Corporation
Posted on: September 25, 2022
Job Description - Sr Project Cost Analyst (Hybrid) (243078) Job
Description Sr Project Cost Analyst (Hybrid) - ( 243078 )
Description Be a part of something powerful at America's leading
At Exelon, our people are the heart and soul of our business.
Whether it's powering lives, supporting communities or
collaborating with colleagues, an Exelon employee is talented,
compassionate, forward-thinking and inspired. We are a Fortune 200
company united by our values and shared vision for a cleaner and
brighter future. We encourage curiosity, value diverse perspectives
and we never stop looking for ways to be, work and do better. We
know the future is in our hands. That's why we're looking for
people like you, who have the power to make a difference.
As the nation's largest utility company, we serve more than 10
million customers through six fully regulated transmission and
distribution utilities -- Atlantic City Electric (ACE), Baltimore
Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power
& Light (DPL), PECO Energy Company (PECO), and Potomac Electric
Power Company (Pepco). All 18,000 of us are committed to delivering
safe, reliable and affordable energy to our customers,
strengthening our communities, supporting a clean energy future and
reducing our impact on the changing climate.
Our people are empowered to evolve and advance their careers in an
open and inclusive environment. We pride ourselves on being the
kind of place where people want to come, stay and grow -- whether
that's in the role and path they start in or in new and exciting
career opportunities across our business. We know that investing in
our employees' futures strengthens ours, which is why we offer
competitive compensation, incentives, opportunities for career path
changes, and health and retirement benefits.
PRIMARY PURPOSE OF POSITION 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 transmission, substation, distribution, and gas
(PECO and BGE) 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 centrally managed projects.
Schedule and run monthly project status calls. Track and manage
In-Service Dates and Project Aging PIs.
PRIMARY DUTIES AND ACCOUNTABILITIES
- 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, and
gas (PECO and BGE) 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 both the project management and project controls 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 Controls.
- 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 and staff
across the organization.
- May require working extended hours and/or shift work to support
business operations. Qualifications MINIMUM QUALIFICATIONS
- Academic/Formal Training: Bachelor's degree in Business or
- Job Related/Experience: 5 - 8 years related experience, or in
lieu of Bachelor's degree, a minimum of 9 - 12 years relevant
business experience is required.
- Specialized Skills, Knowledge, License
- Comprehensive understanding of applicable standards, methods,
processes and practices, business fundamentals, and performance
metrics in the specific functional area supported by this position
(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.
- Demonstrated strong analytical skills for project financial
evaluation and risk identification and mitigation.
- Customer driven with strong oral and written communications
skills and strong analytical, problem solving and project
- Comprehensive knowledge of the financial / cost analyst
practices, procedures and principles of performance analysis
(trending, root cause and gap analysis) benchmarking and audit
- Ability to analyze organizational data and complex problems,
interpret and recommend alternative courses of action, and
implement intervention strategies to attain performance
- Demonstrated strong analytical skills for project evaluation
including analysis of complex projects with economic, financial,
risk and decision analysis.
- Financial advanced degree.
- 5-8 years project cost tracking experience in electric / gas
transmission, distribution, and substation industry
- Advanced proficiency in standard software applications (e.g.,
Microsoft Word, Excel, Access, PowerPoint, Project), specialized
business technologies and applications (e.g., , project management,
WPT, Asset Suite 8, , CIS, EPS, , forecasting, ) to retrieve and
analyze data in support of business needs
- Proficient in business case development and ability to
effectively present business cases to business unit leadership.
Primary Location : US-MD-BALTIMORE Other Locations : US-Hybrid
Remote Work Locations : Lord Baltimore Building 2900 LORD BALTIMORE
DR BALTIMORE 21244 Job : Project Management Organization : BGE
Schedule : Full-time Employee Status : Regular Job Posting : Sep
20, 2022, 5:01:00 AM Unposting Date : Oct 4, 2022, 4:59:00 AM
Exelon is proud to be an equal opportunity employer and employees
or applicants will receive consideration for employment without
regard to: age, color, disability, gender, national origin, race,
religion, sexual orientation, gender identity, protected veteran
status, or any other classification protected by federal, state, or
local law. If you are an individual with a disability and need an
accommodation to complete the application, please email us at
Keywords: Exelon Corporation, Baltimore , Sr Project Cost Analyst (Hybrid), Accounting, Auditing , Baltimore, Maryland
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