Sr Project Cost Analyst

Overview

Provide cost analysis, forecasting, and financial control for energy transmission projects.

Key Responsibilities

• budget monitoring
• forecasting
• accrual management
• vendor forecasting
• financial analysis
• performance reporting

Tasks

-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 (20%) -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%) -Manage the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Controls. (5%) -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%) -Provide support to Project Managers for presentations and forms required for project authorization. (5%) -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%) -Analyze project actual and forecast data accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits. (10%) -May require working extended hours and/or shift work to support business operations.

Requirements

• excel
• ms project
• asset suite
• financial analysis
• business case
• bachelor's degree

What You Bring

-Comprehensive knowledge of the financial / cost analyst practices, procedures and principles of performance analysis (trending, root cause and gap analysis) benchmarking and audit compliance. -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 -Position requires routine interaction with key internal and external stakeholders, executives, directors, managers and staff across the organization. -Ability to analyze organizational data and complex problems, interpret and recommend alternative courses of action, and implement intervention strategies to attain performance targets. -Proficient in business case development and ability to effectively present business cases to business unit leadership. -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. -Demonstrated strong analytical skills for project financial evaluation and risk identification and mitigation. -Ability to provide in-depth analysis and apply forecasting, analytical and statistical problem solving, financial, accounting, and budget analysis. -Job Related/Experience: 4-7 years related experience, or in lieu of Bachelor's degree, 6-9 years relevant business experience is required. -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). -Customer driven with strong oral and written communications skills and strong analytical, problem solving and project management skills. -Academic/Formal Training: Bachelor's degree in Business, Financial or Technical Field. -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

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Benefits

-Medical, dental and vision insurance -Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $84,000.00/Yr. – $115,500.00/Yr. -401(k) match and annual company contribution -Annual Bonus for eligible positions: 15% -Referral bonus program -Employee Assistance Program and resources for mental and emotional support -Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave -Life and disability insurance -Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement

About Exelon

-Exelon operates as America's largest regulated energy delivery company, formed from the merger of two century-old utilities in 2000. -It focuses on modernizing infrastructure and enhancing grid resilience through continuous investment. -The company's portfolio includes major utilities such as ComEd, BGE, PECO, Pepco, and others, covering vast transmission and distribution systems. -In 2022, Exelon spun off its power generation arm while maintaining full ownership of its transmission and distribution networks. -Exelon’s strategic initiatives often influence the mid-Atlantic and Midwest energy markets, shaping the regional energy landscape.

Sector Specialisms