Project Cost Analyst

About the position

The Project Cost Analyst at Exelon plays a crucial role in providing project controls cost engineering support to various stakeholders, including project managers and directors. This position is responsible for developing and monitoring budgets, tracking actual and forecasted costs, and supporting comprehensive reporting to ensure financial accuracy and compliance. The analyst will engage in detailed financial analysis, risk management, and assist in project authorization processes, contributing to the overall efficiency and effectiveness of energy projects.

Responsibilities

• 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 Long Range Plans (LRPs) for transmission, substation, distribution, and gas projects and programs. Monitor, track, and report project budgets, forecasts, accruals, and actuals.
• Track 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. Participate in monthly forecasting and accrual meetings with Sr Project Cost Analysts and Project Managers.
• Participate in monthly forecasting and accrual meetings with Sr. Project Cost Analysts 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.
• Support the management of the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Controls.
• Provide support to Sr. Project Cost Analysts and Project Managers for presentations and forms required for project authorization.

Requirements

• Bachelor's degree in Business, Finance, Accounting or Technical Field.
• 2 - 4 years related experience, or in lieu of Bachelor's degree, a minimum of 3 - 6 years 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.
• 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 management skills.
• Comprehensive knowledge of the financial / cost analyst practices, procedures and principles of performance analysis (trending, root cause and gap analysis) benchmarking and audit compliance.
• Ability to analyze organizational data and complex problems, interpret and recommend alternative courses of action, and implement intervention strategies to attain performance targets.

Nice-to-haves

• Financial advanced degree.
• 2-5 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 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.

Benefits

• Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: USD $66,400.00/Yr. - USD $99,600.00/Yr.
• Annual Bonus for eligible positions: 10%
• 401(k) match and annual company contribution
• Medical, Dental and Vision Insurance
• Life and disability insurance
• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave (based on position)
• Long Term Incentive Plan for eligible positions
• Wellbeing programs such as tuition reimbursement, adoption assistance and fitness reimbursement
• Referral bonus program
• And much more