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Principle Project Cost Analyst
(more about Exelon)
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Principle Project Cost Analyst

Job Description

Description

Be a part of something powerful at America's leading energy provider!

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

Analyzes key strategic issues facing the Project Management Group and assists in the development of strategic planning processes in support of capital execution plans. Provides project controls cost governance of capital spend portfolio supporting centrally managed work. Develops and monitors the strategic execution plan, annual budgets, and long range plans for transmission, substation, distribution, and gas projects and programs. Develop strategies and perform analysis for achieving key financial goals. Prepares comprehensive reports to support business operations including, forecast accuracy, category management of financials, spend recovery plans and interface with key internal and external stakeholders. Leads financial reporting meetings for internal PM's, external vendors and category owners. Performs budgeting, forecasting, financial analysis and month end close responsibilities for Project Manager(s).  Responsible for Sr leadership reporting and interface on budget status, risk and impacts. Utilizes 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. Position may be required to work extended hours, including 24 x 7 coverage during storms or other energy delivery emergencies.


PRIMARY DUTIES AND ACCOUNTABILITIES

  • Support multiple projects to analyze and resolve key strategic issues facing Project Management as either a team participant and/or individual contributor
  • Provide strategic analysis and critical thinking to analyze issues that will have a major impact on Project Management's performance including adhoc requests
  • Enhance quality controls and governance over entire project management portfolio
  • Support the development of discussion materials at the Upper Management level
  • Lead continuous improvement initiatives and provide support to strategic planning
  • Develop, maintain, and communicate and execute strategies as it pertains to Project Management's continuing capital growth.
  • Support and manage risk for a capital budget greater than $800M.
  • Support business units in utilizing the information for strategic planning, creating a value proposition, prioritizing project portfolios, and other objectives to drive efficiencies , customer focus, competitive strategy, and growth as it relates to the strategy
  • Develops data and analysis that can be translated into conclusions, implications, and recommendations for incorporation into the business portfolio
  • Manage onboarding and ongoing training of employees including ownership and oversight to process documents
  • Communicate key strategic issues by presenting at employee meetings across the company
  • Support Project Manager(s) in forecasting, budgeting, financial analysis, project maintenance and month end close responsibilities.


JOB SCOPE

  • Independent contributor
  • Takes direction from Directors, Key Managers, and/or project controls manager
  • Frames and conducts analysis on strategic issues including oversight to financial quality controls and governance
  • Interacts regularly with key manager and project controls manager
  • Provides periodic written/oral presentations to key managers and manager on analysis of issues
  • Performs onboarding and ongoing training of employees including ownership of process documents

Qualifications

MINIMUM QUALIFICATIONS

  • Academic/Formal Training: Bachelor's degree in Business or Technical Field.
  • Job Related/Experience: 8 - 10 years of industry/related experience Specialized Skills, Knowledge, License Requirements/Registrations, Etc.
  • Excellent analytical skills -demonstrated financial/quantitative and qualitative analytical skills.
  • Demonstrated ability to efficiently manage large capital construction portfolios
  • Ability to frame ambiguous issues and structure appropriate analysis.
  • Demonstrated ability to apply strategic and critical thinking to problem solving.
  • Strong interpersonal skills and ability to work productively with diverse teams.
  • Solid written and oral communication skills, ability to translate analysis into key messages and develop story line associated with project analysis Ability to work independently to advance assignments and developing ability to drive efforts to completion


PREFERRED QUALIFICATIONS

  • Master's degree in business, economics, or other related discipline.
  • Project Management experience
  • Knowledge of energy industry