Project Controls Estimator

ComEd; Oakbrook Terrace (IL); On-site; USD 71,000 - 98,000; Full time

Benefits offered by this job

Health insurance

Bonus

401(k)

Paid time off

Tuition reimbursement

Wellbeing programs

Job summary

ComEd is seeking an experienced cost estimator to develop detailed Phase 1–3 project cost estimates for substations, transmission, distribution and gas projects. You will perform field walk-downs, develop WBS-based estimates, and provide analytical support to refine estimating methods and budgets.

The role requires understanding of engineering drawings, cost components, and project controls; you will interact with project managers and senior staff to challenge estimates and ensure accuracy.

Qualifications

• Bachelor's degree or equivalent with related experience in cost estimating or project controls
• 2–4 years related experience (or 3–6 years without degree)
• Ability to build high/low level estimates from design/scope documents
• Strong interfacing with management and stakeholders
• Experience with design drawings, engineering prints and quantities
• Proficiency with MS Word, Excel, Access, PowerPoint; knowledge of Estimating tools
• Ability to perform forecasting, variance analysis and KPI tracking
• Experience with estimating software and enterprise systems

Responsibilities

• Develop Phase 1–3 cost estimates in WBS format with clear assumptions
• Model, forecast, trend, and analyze estimates and KPIs
• Maintain unit costs and update databases for estimates
• Develop unit costs and parametric ranges for standard scopes
• Update estimates with current docs and lead estimate reviews
• Prepare for and participate in estimate and contractor bid reviews
• Collaborate with Project Managers to ensure understanding and validation of estimates

Skills

Advanced Excel

Word/PowerPoint

Data analysis

Project management

SAP planning

Asset Suite 8

WinEst

InEight

Forecasting

Education

Bachelor's Degree in Business/Finance/Accounting/Technical Field

Tools

WinEst

InEight

Asset Suite 8

SAP planning

MS Project

Job description

Who We Are

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- 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).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

Primary Purpose

Utilizing industry best practices, prepare bottoms up cost estimates for Substation, Transmission, Distribution and Gas projects. Perform field walk downs with Sr. Project Controls Estimators and Project Team to identify potential cost bearing issues at the project site which will impact the detailed estimate. Utilize most detailed documentation available per each phase of the project estimate (phase 1, 2 and 3) for continuous refinement of expected project costs. Develop and organize estimates and analysis for both internal and external use. Perform analysis of project actuals against latest estimates and incorporate results into estimating methodology to ensure continuous improvement of estimate accuracy. Contribute to the development of short-term and long-range business planning. Provide detailed process and cash flow based on estimate assumptions to aid in the development of the project baseline. Provide analytical and operational support to the business unit. Research and provide statistical estimate and performance information.

Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

Primary Duties

• Support and contribute to the development of Phase 1, 2, and 3 project cost estimates in WBS format with all required assumptions that support development of current and LRP budgets. Prepare standard WBS estimates and assumptions with documentation of confidence factors ranging from study to construction phases of project.
• Conduct modeling, forecasting, trending, variance analysis, and other estimate-related financial and implementation analysis. Track, maintain, analyze and provide current estimating information on scorecard or key performance indicators (KPIs). Prepare, update and maintain standard material and labor unit costs to support estimate creation and database updates.
• Develop unit cost and parametric estimate range for standard scope of work. Continuously analyze and update parametric values reflecting current trends and costs.
• Update estimates for each phase approval with current documentation and meeting information. Conduct estimate peer reviews prior to estimate issuance. Perform engineering drawing reviews, general analysis and prepare reports to support business operations.
• Work with Project Managers to ensure that estimates are properly understood, challenged and reviewed. Prepare for and participate in estimate challenge meetings with all stakeholders (Planning, Engineering, Project Manager, Construction Manager, etc.) to ensure that all stakeholders have had an opportunity to provide critical feedback.
• Prepare for and participate in contractor estimate (or bid) challenge meetings. Prepare side by side analysis of estimates upon request to provide lessons learned and to generate parametric values.

Job Scope

This is an individual contributor position that woks under general supervision and frequently performs non-routine work. This position is expected to resolve most questions and problems through interaction with internal and/or external stakeholders and staff across the organization and refers more complex issues to Sr. Project Controls Estimator. May require working extended hours and/or shift work to support business operations.

Minimum Qualifications

• Bachelor's Degree in Business, Finance, Accounting or Technical Field.
• 2-4 years related experience, or in lieu of a Bachelor's Degree, a minimum of 3-6 years relevant experience is required.
• Ability to build a high level or detailed estimate from a Project Diagram, detailed design, or verbal Scope of Work.
• Ability to effectively interface with all levels of management.
• Ability to facilitate project meetings with all stakeholders in office or field environment to develop a project estimate.
• Strong understanding of applicable standards, methods, processes and practices, business fundamentals, and performance metrics in the electric and gas, distribution, transmission, and substation areas.
• Strong understanding of design drawings and detailed engineering and construction prints. The ability to calculate job requirements from design documents, including quantities, resource hours, duration, limitations, etc.
• 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, InEight, or the estimating component of Asset Suite 8.
• Ability to provide detailed analysis and apply managerial accounting concepts, customer intelligence gathering, forecasting, staff planning, scheduling, analytical and statistical problem solving, financial, accounting, business and budget analysis.
• Advanced analytical skills for project evaluation including analysis of projects with economic, financial, risk and decision analysis. Ability to quickly estimate several scenarios to determine least cost technical solution.
• Customer driven with excellent oral and written communications skills and general analytical, problem solving and project management skills. Strong knowledge of the practices, procedures and principles of performance analysis (trending, root cause and gap analysis) benchmarking and audit compliance.
• Ability to analyze organizational data and problems, interpret and recommend alternative courses of action, and implement intervention strategies to attain performance targets.

Preferred Qualifications

• Bachelor's degree with some relevant post-undergraduate coursework.
• 2-4 years estimating experience in electric / gas transmission, distribution, and substation industry.
• Knowledge of or experience with estimating software.
• High voltage electrical construction (Transmission & Distribution projects), and civil construction project estimation background.

Benefits

• Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $71,200.00/Yr. – $97,900.00/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
• 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.