This Sr level role will be part of the Project Controls group within Pepco Holdings, an Exelon Company, in which the incumbent will be a key strategic partner with the implementation and maintenance of a robust Project Controls organization for Pepco Holdings centrally-managed capital projects.
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 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:
1 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.
2 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
3 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.
4 Develop, organize, and present project and program performance reports for both internal and external use.
5 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.
6 Analyze project actual and forecast data accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits.
7 Manage the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Controls.
8 Provide support to Project Managers for presentations and forms required for project authorization.
Position may be required to work extended hours, including 24 x 7 coverage during storms or other energy delivery emergencies.
Academic/Formal Training: Bachelor's degree in Business or Technical Field.
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 Requirements/Registrations, Etc.:
• 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 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.
• 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.
Experience demonstrating skill mentoring and/or being a leader.
Pepco Holdings, an Exelon Company, is an equal opportunity employer with a commitment to diversity and does not discriminate against applicants on the basis of characteristics protected by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability, protected Veteran status, or any other characteristic protected by law.
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