Project Cost Analyst Associate- Project Cost Analyst Senior

American Electric Power • New Albany, OH

1d • $80,000 - $115,000 • Onsite

About The Position

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.

Requirements

• Project Cost Analyst Assc: No experience required with a qualified Associate's or Bachelor's degree. With a High School Diploma, a minimum of two (2) years' qualified experience.
• 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.
• 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, and project budgets, working with accounting principles, and/or construction or maintenance of systems and/or equipment.
• Project Cost Analyst: Bachelor's Degree plus one (1) of qualified experience Associate's Degree plus three (3) years of qualified experience High School Diploma or GED plus four (4) years' experience as a Project Cost Analyst Associate 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
• 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, and project budgets, working with accounting principles, and/or construction or maintenance of systems and/or equipment.
• Project Cost Analyst Sr: Education: High School Diploma or GED, (4) years' experience as a Project Cost Analyst (grade 006). With a qualified Associate's degree, (6) years' qualified experience. With a qualified Bachelor's degree, (4) year of qualified experience.
• 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.
• 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.

Nice To Haves

• 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 Principal (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 Principal level.

Responsibilities

• 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.

Benefits

• In addition to a competitive compensation, AEP offers a unique comprehensive benefits package that aims to support and enhance the overall well-being of our employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees