Prin Quantitative Engineer

Exelon Corporation; Pennsylvania; On-site; USD 130,000 - 178,000; Full time

Benefits offered by this job

Annual salary reflecting market rate

401(k) match and company contributions

Medical, dental and vision insurance

Life and disability insurance

Generous paid time off

Tuition reimbursement and wellness

Job summary

Exelon Corporation seeks a Quantitative Engineer to lead quantitative methodologies and analyses supporting engineering studies, plans, and cost estimates. You will develop and maintain quantitative models, identify trends, and explain results to management.

The role may require extended hours during storms or energy-delivery emergencies. You will work across the utilities to support strategic plans, with a strong emphasis on data-driven decision making and collaboration with cross-functional

Qualifications

• Graduate degree (MS or above) in a quantitative field such as engineering, economics or data analytics.
• Ability to analyze complex electrical/mechanical systems and provide quantitative engineering analysis.
• Knowledge of engineering principles and problem solving approaches.
• Experience with programming in MATLAB, Python, R, C++, SQL, VBA.
• 8+ years of professional engineering or quantitative analyst experience.
• Ability to translate analysis into business recommendations.

Responsibilities

• Lead quantitative analysis initiatives and develop models to identify trends.
• Explain modeling results to management and senior leaders.
• Monitor business needs and provide analysis/reports for energy delivery operations.
• Participate in budgeting, planning and cross-disciplinary projects.
• Provide training and guidance to others.

Skills

Quantitative analysis

MATLAB

Python

R

C++

SQL

VBA

Education

MS or above in quantitative discipline

Tools

MATLAB

Python

R

C++

SQL

VBA

Job description

Who We Are

Exelon is helping build a more affordable, reliable energy future for the communities we serve. We're looking for people who are ready to make a difference and work together to deliver the energy our customers count on every day.

As a Fortune 200 company and one of the nation's largest utility companies, we have more than 20,000 colleagues who serve nearly 11 million customers through six fully regulated utilities – Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

Exelon is built by people who put safety first, work together to solve problems and show up every day for our customers and communities. We believe strong teams are built on trust, respect and a shared commitment to high-performance culture. And our commitment to employees includes creating an environment where people can grow, develop new skills and build thriving careers.

We know this work isn't easy. That's why we offer competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career. No matter your role, you will be part of a team that is committed to making a difference, improving how we work and delivering for the people who depend on us.

Are you on for the challenge?

Primary Purpose

PRIMARY PURPOSE OF POSITION

The Quantitative Engineer will lead initiatives on developing quantitative methodologies and providing quantitative analysis to support engineering studies, plans, calculations, evaluations, design documents, integrated systems analysis, cost estimates, budgets, associated with the research, planning, design, operation, and maintenance of Exelon Utilities' overall strategic plans and initiatives. The Quantitative Engineer will develop and maintain quantitative analytical models and methodologies to identify trends and predict outcomes, provide explanations of the modeling and its results to management and senior leaders. The person will be responsible of monitoring and responding to business needs by staying abreast of developments in the energy industry and provide analysis/reports to meet those needs. Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

Primary Duties

PRIMARY DUTIES AND ACCOUNTABILITIES

• Leads and performs assignments in specialized areas requiring extensive quantitative analysis, research and engineering expertise. (25%)
• Leads and performs tasks associated with critical or analytical engineering projects, develop and maintain quantitative analytical models and methodologies to identify trends and predict outcomes, provide explanations of the modeling and its results to management and senior leaders. (30%)
• Evaluates, develops, implements and leads strategic and engineering projects that have significant financial and operational impact by applying quantitative analysis. (10%)
• Participates in department planning, provide budget recommendations and monitor performance for the accomplishment of committed results. (5%)
• Performs assignments while acting independently and may lead multi-discipline teams. (5%)
• Serves as an expert in the quantitative engineering area. (5%)
• Acts as an expert witness or provide expert opinions as required. (5%)
• Provides recommendations and implements action plans to improve performance and cost effectiveness. (5%)
• Provides training and/or guidance to others. (5%)
• Participates in technical and industry societies and committees to enhance knowledge of new technologies or issues in areas of company interest. (5%)

Job Scope

JOB SCOPE

• Influences project decisions and strategy having a significant impact on the company.
• Applies technical knowledge to help promote a safe work environment and to enhance customer satisfaction

Minimum Qualifications

MINIMUM QUALIFICATIONS

• Graduate degree (MS or above) or Graduate level work in quantitative discipline (e.g., electrical engineering, industrial engineering, statistics, operations research, economics, computer science, data analytics, mathematics, physics, etc.).
• Ability to analyze and interpret complex electrical and mechanical systems, and provide quantitative engineering analysis
• Knowledge and ability to apply problem solving approaches and engineering theory.
• Knowledge of engineering designs, principles and practices.
• 8+ years of professional engineering or quantitative analyst experience.
• Thorough knowledge and experience in unique areas of engineering expertise.
• Detailed knowledge of applicable standards, codes methods, and practices unique to areas of expertise.
• Ability to apply advanced engineering principles to identify and resolve complex issues.
• Technical applications of complex subjects
• Develops and executes complex technical proposals
• Experience articulating business questions and using mathematical techniques to arrive at an answer using available data. Experience translating analysis results into business recommendations.
• Draw on knowledge of programming in MATLAB, Python, R, C++, SQL, VBA skills to develop and maintain the models that guide the company's engineering activities.
• Minimum of three related career experiences (3) in quantitative and engineering discipline (i.e., changes in technical job responsibilities, which may or may not include a change in department) OR
• Lead Member of a recognized industry committee

Preferred Qualifications

PREFERRED QUALIFICATIONS

• Strong teamwork, interpersonal skills and the ability to communicate with all management levels.
• Strong written and oral communication skills.
• Demonstrated industry leadership & publication record (in quantitative/engineering discipline)
• Demonstrated experience in complex multi-year research and analysis efforts
• Demonstrated experience to expand R&D background to practical solutions (in quantitative/engineering discipline)
• Professional Engineer's License (1), advanced technical degree, MBA or Project Management Certification
• (1) License must be issued by the state in which you are practicing. (2) PE License reduces the OJT experience requirement by 1 year. (3) Career related experiences is defined as changes in technical job responsibilities and does not have to include a change in department

Benefits

• Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $129,600.00/Yr. – $178,200.00/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

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.