Project Cost Analyst - Project Cost Analyst Sr

Job Posting End Date

02-18-2025

Please 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 intermediate projects under some 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/or external customers. As an experienced member of the team, expectations include conducting training, supporting continuous process improvement efforts and developing tools and processes utilized within the work group. Responsible for the 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:

SP20-006

Compensation Range:

$72,380.00-90,474.50 USD

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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 aspects 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, age, national origin, ethnicity, ancestry, veteran or military  status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.

Salary : $72,380 - $90,475