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Engineer- Construction - II

OGE Energy Corp.

Engineer- Construction - II

Oklahoma City, OK
Paid
  • Responsibilities

    Position Summary:

    The Portfolio Investment Manager leads the financial management function including project estimating, forecasting, reporting, and analysis for all IT projects in the portfolio. Works with account management and project planning teams to ensure projects are estimated according to defined thresholds and estimation models utilizing risk and contingency management best practices; calculates total cost of ownership (TCO) for IT portfolio, reports on the financials for IT portfolio and analyzes project financial performance to budget. Works with project planning teams to continually improve the accuracy and efficiency of the overall estimating process.

    Primary Duties:

    • Lead IT project and portfolio financial processes including - estimating, forecasting, reporting, and analyzing performance to budget.
    • Utilizes risk models and experience to ensure portfolio estimates include risks based on probability and impact; can represent, highlight and quantify these risks to portfolio, project and executive leadership.
    • Maintain history of the events and causes of project financial variances; use the history to help mitigate these events and causes in future projects and improve the overall accuracy and efficiency of the estimating model process.
    • Calculates Total Cost of Ownership (TCO) costs for IT initiatives. Ensures that IT and Corporate Financial management teams are advised and have full understanding of annual TCO changes driven by projects.
    • Ensures portfolio cost forecasting is performed according to financial management processes and best practices.
    • Leverage corporate and consultancy relationships to incorporate industry best practices into project financial processes, and to develop new and creative approaches for IT portfolio estimating.
    • Use knowledge, skills, and judgement to develop best practice solutions for evaluating the financial status of projects and the project portfolio.
    • Provide monthly project and portfolio financial reports to IT leadership, Portfolio Management, PMO, and Account Managers.
    • Develops criteria for utilizing outside experts to validate reasonableness of vendor estimate
    • Represents and presents estimate details to stakeholders and leadership committees; has full accountability of the estimate proposal.

    Requirements:

    • Bachelor's degree in business administration, IT, finance, or similar area combined with Seven (7) years of experience in IT project delivery & risk mitigation.
    • Five (5) years of financial experience to include accounting, financial analysis, budget analysis, cost estimation, experience as a controller or similar directly related experience.
    • Experience evaluating and approving estimates to ensure they incorporate needed considerations such as risk, TCO, contingency, and that they in range based on previous experience & industry standards.
    • Proven experience with owning and leading comprehensive IT project estimates incorporating various stakeholder and vendor input.
    • Proven experience delivering IT software projects and can identify potential risks and probable pitfalls that could impact on-budget delivery.
    • Proven experience with determining financial impacts to projects from various project delivery issues; has used that experience to improve estimation models.
    • Proven experience coordinating with stakeholders to ensure project estimates take into account risks parameters and contingency.
    • Proven experience building estimation models that can produce estimates at various tolerance thresholds (ex: +/- 100, 50, 10%) including full project and TCO costs.
    • Proven experience with understanding and validating vendor estimates including testing assumptions and reasonableness based on experience.

    Knowledge, Skills, and Abilities:

    • Strong knowledge of information technology projects.
    • Stung knowledge of project estimation.
    • Strong knowledge of total cost of Ownership (TCO) calculations.
    • Knowledge of utility accounting.
    • Knowledge and skills in building financial estimation models with many variables that can then be analyzed relative to achieved performance.
    • Knowledge of effective risk management ? review of estimates relative to actual performance, refining model.
    • Knowledge and skills in quantifying risk contingencies including timing to remove the contingencies ? with some level of detail on how those risk contingencies are quantified.
    • Knowledge of statistical analysis.
    • Knowledge of complex financial concepts.
    • Knowledge and skills in continuous improvement, refining quantification accuracy.
    • Strong Skill in IT project estimation tools & risk models.
    • Skill in Excel, PowerBI, SAS, or similar reporting and analysis tools.
    • Skill in SAP Experience.
    • Strong skill in Leadership, Interpersonal, and Communications.
    • Skill in Data management skills; audit, format, model, and analyze diverse data sets.
    • Ability to interface with project management/project financials to ensure accuracy and quality.
    • Ability to identify risks to project success and utilize risk and contingency models to put a financial value to the risk to include in estimates.
    • Ability to think and plan both strategically and tactically.
    • Ability to recognize, analyze, and solve complex problems.
    • Ability to distill complex data into high-level reports, analysis, and summaries.
    • Ability to collaborate within and across functional boundaries.
    • Ability to effectively handle the pressures and demands of deadlines and competing priorities.

    Working Conditions:

    • Office work using computers.
    • May be required to work non-standard work hours.
    • Travel may be required.

    Required Skills Required Experience