Project Cost Analyst

Pepco • Washington, DC

66d • $66,400 - $91,300

About The Position

Provide project controls cost engineering support to Directors, Manager of Projects, Project Managers, Sr. Project Cost Analysts, contractors and other key team members. Assist in the development and monitoring of 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. Support the preparation of comprehensive reports to support business operations including reauthorization risk, forecast accuracy by Sr. Project Cost Analysts and Project Managers, program and department, CIAC forecast and analysis, contingency released and remaining, and others as requested. Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

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.
• 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).
• Proficient in business case development and ability to effectively present business cases to business unit leadership.

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 LRPs for transmission, sub-station, distribution, and gas (PECO and BGE) 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.
• Prepare monthly project accruals and journal entries for project manager review and submittal to Finance department.
• 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.
• Provide support to Sr. Project Cost Analysts and Project Managers for presentations and forms required for project authorization.

Benefits

• Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: $66,400.00/Yr. - $91,300.00/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
• Employee Assistance Program and resources for mental and emotional support
• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
• Referral bonus program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Building Material and Garden Equipment and Supplies Dealers
• Education Level: Bachelor's degree