Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of 787.5/1375 of utility-scale energy storage projects operating or in construction in the U.S., with a leading pipeline of over 11,000 MW in active development.
The Role
Jupiter Power is looking to grow its Construction team with the addition of a Construction Cost Analyst. Reporting directly to the Vice President, Construction, the Construction Cost Analyst will support the Project Managers in analyzing and managing the financial aspects of construction projects, including developing budgets, monitoring costs, and identifying potential cost overruns, while ensuring projects stay within budget, accounts payable processes run efficiently, and financial diligence exercises are being supported while offtake customers and other financial stakeholders’ requirements are being met help, along with various other construction bookkeeping activities to help achieve Company goals. The Construction Cost Analyst will work closely with the Engineering, Procurement, Development, and Legal departments to ensure project success.
This role will be based out of our Austin, Texas office and is subject to our Company’s return-to-office policy which currently requires a minimum of three days a week in the office.
Responsibilities
- Budget management: collaborate with Project Managers to create comprehensive project budgets, considering all relevant cost factors, and aligning with project requirements
- Track project costs and expenses, including project change orders and their impact to project contingency
- Prepare cost reports, and collaborate with Accounting department to track actual costs relative to budget as the project progresses
- Review vendor/contractor invoices to ensure they comply with Jupiter requirements, including lien waivers, and work with vendor/contractor in addressing deficiencies
- Forecasting: collaborate with Project Manager in developing cash flow forecasts, and maintain the cash flow forecasts for the duration of each project
- Coordinate with Finance team during financial diligence exercises by providing project-related information and working as a liaison between the Construction and Finance teams
- Collaborate with the Procurement team by providing logistics support and tracking costs of delivery, off-site warehousing, etc.
- Lead the sourcing of contractually required project financial and commercial documents from contractors like certificates of insurance, parent guarantees, and payment and performance bonds.
- Actuarial services for project pricing analysis: using historical cost statistics perform detailed mathematical analysis of construction project costs to create estimating models to project the potential costs and benefits of different construction practices to help determine cost-effectiveness and risk-reducing strategies to help stakeholders make informed decisions
- Day-to-day financial and administrative operations, such as bookkeeping, auditing projects’ financial records, and preparing financial reports.
Jupiter seeks individuals eager to develop their core professional knowledge, learn new areas of the business and take on additional responsibilities within Jupiter’s dynamic team. Secondary responsibilities will be tailored to individual candidate backgrounds as well as company priorities.
Preferred Skills, Knowledge and Abilities
- Experience with cost analysis, statistics, risk-analysis, and accounting procedures
- Deep understanding of spreadsheet manipulation to include pivot tables and functions
- Excellent communication skills and ability to presents complex financial concepts in an understandable format to key internal and external stakeholders
- Experience supporting procurement initiatives for EPC or Construction operations
- Experience with the renewable energy sector (solar, wind, battery energy storage systems), is strongly preferred
Required Education & Experience
- Bachelor's degree in accounting, finance, actuarial science, business, engineering, construction management, or related field
- 3+ years of related experience