Job Details

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, 19,000 colleagues strong serving more than 10 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).

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

PRIMARY PURPOSE OF POSITION
Serve as subject matter expert and team lead in the development, maintenance, documentation and efforts to continually improve the econometric models in use. Provide oversight and guidance to monthly close processes and provide econometric modeling support to cross functional teams evaluating or implementing strategic initiatives as needed. Mentor and train other members of the load forecasting team and serve as a key resource to other workgroups seeking load forecasting or econometric modeling expertise.

Primary Duties

PRIMARY DUTIES AND ACCOUNTABILITIES

• Lead efforts to develop, maintain and document electric and gas load forecast models used to generate monthly consumption and electric peak load estimates including oversight of monthly close process and coordination as well as review of data inputs utilized in the unbilled revenue accrual.
• Support development and maintenance of other econometric models and serve as econometric modeling expert in support of cross functional strategic initiatives.
• Support regulatory proceedings including development of weather adjusted billing determinants, switching forecasts and regulatory filings as well as other day-to-day ad hoc requests pertaining to load forecasting or econometric modeling.
• Day to day planning, training and mentoring activities.

Job Scope

JOB SCOPE

• This position is the key analytical position in preparing electric and gas load forecasts for both the current year and the next five years that are used in revenue projections, external load projections and the procurement of energy. This position has a direct impact on the company's ability to recover its revenue requirement (e.g., ROE model and weather-adjusted billing units). Specific forecasts prepared are electric, gas and electric peak, all of which exclude impacts of weather. SAE models and alternate economic scenarios are also analyzed for consideration and relevance. Comparisons of various versions of the forecasts including comprehensive explanations of the drivers of the current forecast and changes from previous versions for all customer classes are required. Specific analysis of the Large Commercial and Industrial customers and their behavior is performed.
• This position supports the monthly closing of the books and quarterly reporting including provision of data used in the monthly unbilled accrual and preparation of load data and the related story for quarterly reporting. This position also supports rate cases and regulatory initiatives of the Company with load data and economic expertise as requested.
• This position has an array of both internal and external contact relationships: Internal relationships include Revenue Accounting, New Business, Customer Operations, Energy Services Organization (ESO), Economic Development, Gas, Regulatory, Investor Relations and Marketing (e.g. energy efficiency). External relationships include entities such as PJM, other utilities and consultants. Such relationships are leveraged to enhance the quality of the forecast by ensuring relevant economic and Company-specific information and projections are properly incorporated in all forecasts. A load workshop (essentially a presentation of the forecast to internal stakeholders) is organized and run by the load forecasting team under the supervision of the individual in this position for each five year forecast developed.
• Often supports ComEd's and BGE's load forecasting groups by providing assistance and advice. Recommends process improvements that reduce the time in preparing a forecast, increase accuracy and enhance documentation.

Minimum Qualifications

MINIMUM QUALIFICATIONS

• Education: BS or BA required. Experience: 7-10 years' experience in load forecasting, IT, customer service or engineering.
• In lieu of degree, 9-12 years of relevant experience.
• Skills: Strong analytical skills • ability to analyze and model complex problems using various tools.
• A good understanding of the Company's financial and business practices along with utility regulatory practices (including both Pennsylvania and PJM).
• Leadership ability to provide functional direction, guidance, and support to peers.
• Requires the ability to work independently and in a team environment with minimal direction.
• Excellent written and oral communication skills.

Preferred Qualifications

PREFERRED QUALIFICATIONS

• Advanced degree in Business, Economics or Statistics preferred.
• In-depth knowledge of MetrixND software preferred.

Benefits

• Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: $115,200.00/Yr. - $158,400.00/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.