Sr Project Cost Analyst - BGE Project Initiation
Exelon
- Location
- BALTIMORE, Maryland
- Employment
- Full Time
- Work model
- On-Site
- Level
- Senior
- Salary
- $85.6k/yr
About this role
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 The Senior Cost Analyst is a key member of BGE’s Project Initiation Team, responsible for developing and validating cost estimates and cash flow forecasts for major Transmission capital projects during the early stages of the project lifecycle. Experience supporting early‑stage project initiation or feasibility, including development of conceptual and preliminary cost estimates with limited scope definition. This role focuses on building reliable, defensible cost information that supports project scoping, feasibility, and readiness for Phase 1 authorization. Working closely with Project Managers, Schedulers, Estimators, Planning, Engineering, and Investment Strategy, the Senior Cost Analyst integrates cost inputs with schedule, scope, and risk to develop cohesive and credible financial projections. The role ensures that early‑stage estimates are supported by clear assumptions, appropriate methodologies, and defined ranges of uncertainty, enabling informed capital decision‑making. The Senior Cost Analyst plays a critical role in identifying cost drivers, validating inputs, and assessing financial risks early in the project lifecycle. This includes developing contingency approaches, evaluating estimate maturity, and supporting alignment between project cost forecasts and portfolio‑level financial planning. By providing transparency into cost assumptions and risks, this role helps improve financial accuracy and reduce downstream rework. In addition, the Senior Cost Analyst supports the development of project cash flows aligned with preliminary schedules, ensuring that funding requirements are understood and incorporated into both near‑term and long‑range planning. The role also contributes to the preparation of governance materials by delivering clear, consistent, and decision‑ready cost information. The Senior Cost Analyst does not support execution‑phase cost control activities instead, the role ensures that projects are transitioned to execution teams with a well‑defined estimate, transparent assumptions, and a clear understanding of cost risks and drivers—strengthening execution readiness and improving overall portfolio predictability. Primary Duties 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. (25%) Assist in the development and continued monitoring of the budgets and LRPs for transmission, sub-station, distribution, and gas (BGE)