Job SummaryThe successful candidate will report to either our Norfolk or Richmond location.
This role is responsible for developing, implementing, and managing cost control functions for assigned O&M and Capital projects within project construction. This role ensures project performance is aligned with approved budgets, and organizational objectives through proactive monitoring, analysis, and reporting.
- Develop, implement, and coordinate planning, estimating, and cost controls for assigned O&M / Capital projects.
- Develop and review project forecasts and cashflows.
- Monitor actual project cost and/or work status to ensure projects proceed on schedule and within budget and provide status reports to management.
- Develop and review O&M / Capital budgets and analyze monthly cost reports.
- Assist in training lower-level controls personnel.
- Implement, evaluate, and monitor controls systems.
- Conduct meetings with contractors and company personnel on cost control matters.
- Act as lead controls discipline representative to major projects.
- Establish and implement cost and planning control policy and procedures for O&M / Capital projects.
Scope of Work- Review and adhere to Project Controls Policies and Procedures as it relates to the management of assigned O&M / Capital projects.
- Review contracts and Purchase Orders / Change Orders for impact on project forecast and cashflows. Update and adjust forecasts based on this information.
- Initiate regular communication with Contracts counterpart to understand potential contractual issues and cost impacts.
- Process invoices, requisitions, and wire payments on a daily/weekly basis, fully reviewing backup data to be in adherence with contract terms and conditions. Reviews invoices for proper scope, documentation, and cost posting.
- Update monthly standard Controls financial actuals reports in a timely manner using SAP as data source.
- Schedules availability around closing calendar to ensure all necessary work is completed to meet corporate and department deadlines. Works with manager and other team members on backup plans if unavailable.
- Support month-end closing processes, ensuring costs are properly booked and accrued to appropriate O&M / Capital projects.
- Communicate with PM's and/or vendors to understand work completed but not billed to post month-end accruals. Obtain cost estimates as needed.
- Updates manager on key issues affecting project cost and cashflows. Keep manager informed on challenges to forecast and mitigation strategies.
- Monitors projects to ensure projects are proceeding within budget. Prepares monthly forecasts to include material deliveries, EPC cashflows, labor and surcharge projections, and other contractor cashflows.
- Perform additional analysis on large impacts as needed and develop summary presentations to effectively communicate options/ strategies for addressing issues.
- Schedules, leads, and directs formal monthly financial reviews of assigned projects with Dominion project team.
- Attends (preferably in-person and on-site) monthly led project meetings reviewing project status.
- Cultivate daily/weekly touchpoints with PM's on assigned projects to discuss potential issues affecting forecast.
- Collaborate with other Dominion groups (i.e. Accounting, Legal, Supply Chain, Treasury, Corporate Finance) as questions or answers come from or are needed from those sources. Be responsive and diligent with follow-up.
Required Knowledge, Skills, Abilities & ExperienceThe knowledge, skills, abilities and experiences that are required for entry into this job include the following:
-5-6+ years of relevant experience in directly related field
-Strong knowledge of cost controls principles
-Strong Verbal/writing/presentation skills
-Strong work and project management skills
-Strong decision making and problem solving
-Strong math and computer skills
-Strong analytical skills
-Works effectively with employees at all levels and external personnel
Education RequirementsDegree or an equivalent combination of education and demonstrated related experience may be accepted in lieu of preferred level of education:Bachelor
Preferred Disciplines: Finance, Accounting
Other disciplines may be substituted for the preferred discipline(s) listed above
Licenses, Certifications, or Quals DescriptionWorking ConditionsOffice Work Environment 76 -100%
Travel Up to 25%
Other Working ConditionsTest DescriptionNo Testing Required
Export ControlCertain positions at Dominion Energy may involve access to information and technology subject to export controls under U.S. law. Compliance with these export controls may result in Dominion Energy limiting its consideration of certain applicants.
What You'll GetExpected Hiring Base Salary Range:
$90900 - $118100
The expected hiring base salary range is the range we anticipate hiring within for this position. The actual salary offered may vary based on factors such as the selected candidate's qualifications, skills, experience, and work location. This is not intended to represent the full salary range for the position or limit future compensation growth.
At Dominion Energy, we offer excellent plans and programs for employees. Employees are rewarded with a competitive salary and comprehensive benefits package which includes: health, dental, and vision benefits with coverage for families and domestic partners, vacation, retirement plans including 401k contributions and matches, paid holidays, tuition reimbursement, bonus eligibility, sick leave, and disability insurance. To learn more about our benefits, click here: dombenefits.com.
