Project Cost Analyst

Job Posting End Date

02-17-2025

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

This role will be onsite 5 days a week beginning June 2nd, 2025.

ESSENTIAL JOB FUNCTIONS:

• Coordinate project meetings and work with project team members on project activities. Support the PM in the preparation and updating of project documentation and planning.
• Assist with preparing forecasts of project spending and cash flows, budget variance monitoring, cost tracking/analysis. Depending on business unit needs, provide analysis and verification for Sarbanes Oxley (SOX) activities and assist with providing input to annual budget, capital forecasts, five-year plan and improvement requisitions. Perform estimate vs. actuals analysis.
• Collaborate with Project Management (PM) and other vested parties to perform variance reporting and/or establish original baseline budgets that are time-phased with dates from the system schedule. Create project breakdown structures.
• Perform some departmental organizational functions when necessary and as assigned to ensure the smooth operation of project functions. This might include tracking, analyzing, and verifying information for unvouchered liabilities (UVLs), keeping project system records current and complete, and coordinating the work order process related to a project from creation of the work order through in-servicing and closing.
• Depending on the business unit assigned, assist in the contracting process.  This might include bidding activities, analysis of cost, cost tracking, etc.
• Communicate with project team, resources, and other internal and external stakeholders on various budgetary items. Work with others in both supplying information and seeking assistance as necessary.
• Perform varied assignments demonstrating technical knowledge and analytical techniques to solution of problems or analysis. Apply problem solving skills to resolve technical problems and initiate solution techniques.
• Develop and compile Key Performance Indicators (KPIs) that are measurable outcomes (scope, budgeting, schedule performance, cost performance, forecasting, etc.)
• Providing strong teamwork with colleagues, vendors and/or customers and responding to customer/vendor inquiries, resolving work order issues and/or implementing action plans in a fast-paced, results-oriented team.
• Understand the AEP project/work management organizational standards and assist in the management of projects to those standards. Adhere to the guidance and standards put forth by the AEP Project Management Governance Committee.
• Provide training and guidance to lower level employees as appropriate.
• Recommend improvements that enhance the role, project performance, and AEP's performance in regard to service and product delivery as well as environmental and community stewardship.
• Depending on the assigned business unit, coordinate work activities of others within work group, team or those external to the company including contractors, vendors as required to resolve routine technical tasks and field work activities.
• Make decisions and contribute to team decision making and consensus building.

MINIMUM REQUIREMENTS:(SG 6- ($72,380 - $90,475)

Education:

• Education requirement is dependent upon experience as indicated below. 
•  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.
• With a High School Diploma or GED,  four (4) years' experience as a Project Cost Analyst Associate (grade 005).
• With a qualified Associate's degree, three (3) years' qualified experience.
• With a qualified Bachelor's degree, one (1) year of qualified experience.

Experience:

Qualified experience includes utility specific operations knowledge/experience with a good working knowledge of work processes and procedures. Experience should be in design, operations, planning, project management, cost tracking analysis, forecasting, project budgets, working with accounting principles, and/or construction or maintenance of systems and/or equipment.

License/Certifications:

A professional or trade certification such as a CCMP, CETa, IQCP, PMP, RMP, etc. is not required at this level. A certification is required to progress to the Principle (grade 008) level of this job family if you have a high school diploma/GED or non-qualified higher education degree. Otherwise, a certification is preferred at the principle level. 

OTHER REQUIREMENTS:

• 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.
• Demonstrates a basic level of technical knowledge related to writing and verbal communication. Proficient in use of computer and Microsoft Office products including Word, Excel, Outlook and PowerPoint.
• Team player with ability to work and collaborate well with others.
• Some travel, including overnight, may be required. Safely and effectively perform light physical duties at various work sites including home and AEP locations in varying conditions. 
• Understand and support the policies, values, principles, structure and behavior of AEP. 
• Exposure to corporate accounting and project cost management systems, construction environments, earned value management, and scheduling systems is preferred but not required.
• Availability to work overtime may be required.
• Demonstrate an attitude and desire to listen to and satisfy both internal and external customers who use and depend upon our work.
• Desired Skills - excellent communication, analytical, engaged, proactive, must have a willingness and a want to learn, independent thinker.
• Experience with Ecosys is desired.

Compensation Data

Compensation Grade:

SP20-006

Compensation Range:

$72,380.00-90,474.50 USD

Hear about it first!   Get job alerts by email.  Log in to your Candidate Home Account today!  If you don't have an account, you can create one.  

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