What are the responsibilities and job description for the Project Cost Analyst - Project Analyst Sr. position at AEP Service Corporation?
Job Posting End Date
04-26-2025Please note the job posting will close on the day before the posting end date.
Job Summary
This role will be responsible for coordinating project cost analysis and controls for team activities supporting the Project Managers (PMs), or other staff, including overseeing the cost reporting for multiple projects and monitoring project budgets to assure accurate depiction of project cost on large and complex projects under minimal supervision. Responsibilities include input of budgets within the AEP corporate systems, providing ongoing forecast updates and variance analysis at the program and project levels, input and tracking of key performance indicators, and working collaboratively with project teams to implement project management best practices throughout the project lifecycle. Provides communication and develops partnerships with internal and external customers. As a senior member of the team, expectations include developing/conducting training, leading continuous process improvement efforts and developing tools and processes utilized within the work group. Depending on the assigned business unit, this position might also be responsible for creation of work orders and having direct interface in coordinating with external contractors and vendors to integrate these parties into the overall project budget and schedule.Job Description
**Position is posted in a range; Pay, title and grade will be based on the qualifications of the individual selected**
ESSENTIAL JOB FUNCTIONS:
1) Assist estimating staff in assessing and comprehending actual costs in relation to estimated costs throughout the Project Lifecycle Management Process.
2) Conduct cost-benefit analyses and financial modeling to evaluate the feasibility of projects and support decision-making processes.
3) Develop and demonstrate an economic and business acumen with an understanding of the engineering & design, procurement, contracting, estimating, construction and startup procedures and processes
4) Reporting and Analysis: Deliver actuals reporting services to estimators and external teams, facilitating comprehensive estimate vs. EAC analysis to identify cost drivers and support project management decisions.
5) Lead and manage projects associated with Capital Improvement (CI) Revision process within the Estimating department, providing guidance to project management on obtaining new or revised estimates for funding requirements.
6) Regulatory Support and Compliance: Collaborate with regulatory staff to perform actual vs. estimate cost analyses for rate cases, ensuring accurate regulatory filings while supporting strategic initiatives and process improvement efforts across the organization.
7) Develop an understanding of the risk on capital projects. Work with estimators and PMT to assign costs to identified risk on projects.
8) Evaluate contractor bids to provide input to estimating admin (team responsible for maintaining construction labor rates within estimating application) and project management.
9) Train and learn to use estimating application within the department
10) Interface with various departments within AEP (Financial Controls/Business Operations/Engineering/Project Management/Construction Management/Engineering Standards).
MINIMUM REQUIREMENS:
Project Cost Analyst:
Basic Qualifications: With a qualified bachelor’s degree, one (1) year of qualified experience; with a qualified associate’s degree, three (3) years' qualified experience.
Project Cost Analyst Sr:
Basic Qualifications: With a qualified bachelor’s degree, four (4) year of qualified experience; with a qualified associate’s degree, three (5) years' qualified experience.
For Internals Only: With a High School Diploma or GED, four (4) years' experience as a Project Cost Analyst Associate (grade 005).
Qualified degrees must be in a related field from an accredited university or college and could include Accounting, Business, Construction Management, Engineering, Technology, or Project Management.
Additional Requirements:
1. Demonstrate ability to manage time effectively and efficiently and demonstrate organizational and planning skills, as well an aptitude for accuracy, attention to detail and ability to achieve goals
2. Excellent oral and written communication skills along with a professional demeanor and commitment to customer service and teamwork
3. Proficient in use of computer and MS Office 365 products including Word, Excel, Power Apps, Power BI, Outlook, and PowerPoint.
4. Team player with ability to work and collaborate well with others
5. Understand and support the policies, values, principles, structure and behavior of AEP.
6. Exposure to corporate accounting and project cost management systems, construction environments, earned value management, and scheduling systems is preferred but not required
7. Familiar with systems like Cognos, Maximo, PeopleSoft.
Compensation Data
Compensation Grade:
SP20-007Compensation Range:
$85,081.00-106,352.50 USDThe Physical Demand Level for this job is: S – Sedentary Work: Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently. (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all respects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, we might record certain information or applicants for employment may be invited to voluntarily disclose protected characteristics.Salary : $85,081 - $106,353
