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Cost Analyst

Oakbrook Terrace, IL 60181

Posted: 12/07/2023 Employment Type: Contract Job Number: 581338 Country: United States Is job remote?: No

Job Description

Pay: $45-53/hr
  • Provide project controls Cost Engineering support per PC-ED-2014 to the director, manager of projects, project managers, contractors and other key team members.
  • Analyze project actual and forecast to ensure compliance with annual internal and external Sarbanes Oxley Audits.
  • Identify project/program budget, forecast, and authorization issues early and developing resolutions to meet project metrics.
  • Provide historical comparisons of complete projects and programs.
  • Develop and monitor the budgets for transmission, sub-station, distribution projects and programs.
  • Manage program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis.
  • Prepare project accrual and JE and support project managers during financial challenge meetings.
  • Provide 24/7 on call services for emergent projects.
  • Utilize the current Exelon Financial Management system for support of PECO and ComEd work. 
  • Currently, Exelon’s financial management system for these utilities is WPT/Clarity.
  • Utilize Exelon Passport Work Management and Supply systems. Run, summarize and analyze various Hyperion reports to support projects and processes.
  • Schedule and run monthly forecasting and accrual meetings with Project managers, report variances and issues to both the PM and project controls leadership.
  • Utilize Excel detailed cost files for budgeting, cost management updates and earned value performance output.
  • Manage budgets, forecasts, authorization limits and accruals for all assigned projects and programs.
  • Provide monthly reports for: reauthorization risk, forecast accuracy by Project Manager, program and department, CIAC forecast and analysis, Contingency released and remaining, and others as requested.
  • Ensures that all PAR forms in WPT are completed properly and route for approvals.
  • Provides review of FERC assets, Capital & Expense classification, and property units for projects.
  • Supports the development of the financial slides used in DOA approval presentations representing the requested authorization, funding sources, projected spend, etc.
  • Monitors the portfolio of projects estimate at completion versus  authorization ensuring that projects do not exceed authorization.
  • Manages the Vendor Forecasting process which is used as a source of input for Cost Engineering.
  • Reviews vendor forecasts to ensure that they are providing quality forecasts.
  • Develops material request reporting which is used as a source of input for Cost Engineering.
  • Provides an accounting review of all centrally managed material request and contractor contracts to ensure appropriate department and subaccount assignments.
  • Creates ITNs in WPT if needed to track project budget, forecast, and authorization.

Top 3 Skills:
  • Analytical
  • Communication
  • Organized
  • 1-5 years of Project Cost Analysis experience
  • Financial or project cost background
  • Experience handling financial data with focus on analysis
  • Excel savvy
  • Attention to details
  • Ability to communicate financial resutls/anaylsis
  • Degree in Finacne, Accounting, Business or Project Management
Deal Breakers:
  • No prior experience with Financial data
  • Does not understand what an Accrual is
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