Manager of Cost Controls
- Oakbrook Terrace, IL
- $112,800-155,100 per year
- Permanent
- Full-time
Primary PurposeOverall responsibility for the management and execution of project controls implementation, systems, processes and personnel, for development, forecasting and monitoring of projects and programs costs, schedules, and estimates for transmission, substation, distribution, and gas (PECO and BGE). Manage team consisting of Project Control's employees and contractors which may include cost analysts, project schedulers, and project estimators or a combination of roles. Responsible for managing financial and schedule risks and opportunities and providing detailed analysis of variances to budget, quarterly plan, and month over month expenditures. Accountable for scheduling and estimating development for all centrally managed projects and programs with all stakeholders. Accountable for development of tracking mechanisms for dollars, resources and risks to the P&CM budgets/projects. Responsible for preparing comprehensive reports to support business operations including reauthorization risk, forecast accuracy by Project Manager, program and department variances, CIAC forecast and analysis, contingency management, vendor forecasting process and others as requested. Responsible for the implementation and monitoring of Project Control functions to include associated policies, programs, processes and key performance metrics. Responsible for developing and maintaining an environment that promotes diversity and inclusion and high performance.
Primary Duties
- Responsible for the management and execution of project control's, systems, processes and personnel, for development, forecasting and monitoring of projects and programs costs, schedules, and estimates for transmission, substation, distribution, and gas (PECO and BGE) projects and programs.
- Responsible for providing guidance and direction for budget development process, forecasting, re-forecasting and monitoring of project / program budgets for project actual and forecast accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits.
- Responsible for managing financial and schedule risks and opportunities and providing detailed analysis of variances to budget, quarterly plan, and month over month expenditures. Accountable for ensuring alignment of work plan with regional budget, business performance goals, regulatory priorities and reliability objectives. Responsibilities may also include managing functions associated with project schedule and estimate development for all centrally managed projects and programs with all stakeholders.
- Responsible for the implementation and monitoring of the cost policies, programs and processes key performance metrics, and EU reporting.
- Apply a standardized model to drive cost performance and provide decision-making and accountability to team. Interface with other departments in Exelon and represent Project Controls regarding process and procedural issues.
- Develop and maintain a learning organization that fosters a high-performance culture and promotes diversity. Serves as a change agent for business initiatives and assures the human element is understood and considered including timely recognition of employees. Use effective performance management to provide accurate and timely feedback and identify opportunities for growth and learning.
- Accountable for communicating project financial status to the project team with overview reports to management. Oversight of accounting transactions, including reviewing and approving of journal entries, maintaining and controlling physical records, and analyzing and approving the reconciliation of general and subsidiary ledger accounts. Management of all spreadsheets and cost tracking databases including training of all employees in their use.
Minimum Qualifications
- Bachelor's Degree in Finance or Business or Engineering or related fields
- 7-10 years of relevant experience
- In lieu of Bachelor's degree, Associate's degree with 9-12 years of relevant experience
- Proven leadership ability in a high-performance culture
- Proven high level management skills in coaching and facilitating business competency
- Proven performance management skills
- Demonstrated ability to build consensus, establish trust, communicate effectively and foster culture change
- Demonstrated ability to develop and implement process enhancements and efficiencies including technology and performance
- Demonstrated business acumen, customer awareness and ability to create value
- General proficiency in standard software applications (e.g., Microsoft Word, Excel, Access, PowerPoint, Project), specialized business technologies and applications (e.g., workforce management, project management, Asset Suite 8, Brio, CIS, EPS, Business Objects, SAP planning, business modeling, forecasting, work management, outage management) to retrieve and analyze data in support of business needs. Expert understanding and ability in Excel, good understanding of WinEst (ComEd/PECO) and the estimating component of Asset Suite 8
- Extensive knowledge of utility operations
- Experience in working with contract vendors
- Strong understanding and working knowledge of utility industry financial strategies
- Demonstrated ability to achieve results, build consensus, establish trust, communicate effectively and foster culture change within a matrixed organization
- MBA, Graduate Degree or Graduate level work in Business or Organizational Dynamics
- 3-5 years general management experience
- Project management and operations experience
- PMP Certification
- Scheduling Certification
- Estimating Certification
- Demonstrated knowledge of MS Access database development and reporting
- Demonstrated knowledge of WPT and Asset Suite 8
- Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: $112,800.00/Yr. - $155,100.00/Yr.
- Annual Bonus for eligible positions: 20%
- 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
- And much more