Proj Cost Analyst at American Electric Power

Corpus Christi, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Utilities, EnergyIndustries

Requirements

Experienced member of the team capable of conducting training, supporting continuous process improvement, and developing tools and processes
Technical knowledge and analytical techniques to solve problems or perform analysis
Problem-solving skills to resolve technical problems and initiate solution techniques
Ability to work collaboratively with project teams, internal/external customers, vendors, and stakeholders
Strong teamwork and communication skills for responding to inquiries, resolving issues, and implementing action plans in a fast-paced environment
Understanding of AEP project/work management organizational standards and Project Management Governance Committee guidance

Responsibilities

Coordinate project cost analysis and controls for team activities supporting Project Managers (PMs) and other staff
Oversee cost reporting for multiple projects and monitor project budgets under some supervision
Input budgets into AEP corporate systems, provide ongoing forecast updates, and perform variance analysis at program and project levels
Input and track key performance indicators (KPIs) such as scope, budgeting, schedule performance, cost performance, and forecasting
Create work orders and coordinate with external contractors and vendors to integrate them into project budgets and schedules
Coordinate project meetings and work with project team members on activities
Support PMs in preparing and updating project documentation and planning
Assist with forecasts of project spending and cash flows, budget variance monitoring, and cost tracking/analysis
Provide analysis and verification for Sarbanes-Oxley (SOX) activities, and input to annual budgets, capital forecasts, five-year plans, and improvement requisitions
Perform estimate vs. actuals analysis
Collaborate with PMs and stakeholders for variance reporting and establishing time-phased baseline budgets
Create project breakdown structures
Perform departmental organizational functions, including tracking/analyzing/verifying unvouchered liabilities (UVLs), maintaining project records, and coordinating work order processes from creation to closing
Assist in contracting processes, including bidding, cost analysis, and tracking
Communicate with project teams, resources, and stakeholders on budgetary items
Apply problem-solving skills to technical problems
Provide training and guidance to lower-level employees
Recommend improvements for role, project performance, AEP performance, service/product delivery, and environmental/community stewardship
Adhere to AEP Project Management Governance Committee standards

Skills

Key technologies and capabilities for this role

Project Cost AnalysisBudget TrackingVariance AnalysisForecastingCost ReportingSarbanes-Oxley (SOX)Project ManagementWork OrdersCash Flow AnalysisEstimate vs ActualsCapital Forecasting

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this Proj Cost Analyst role?

This information is not specified in the job description.

What key skills are required for this project cost analyst position?

Key skills include project cost analysis and controls, budget input and forecasting in corporate systems, variance analysis, and collaboration with project teams. Experience with SOX activities, estimate vs. actuals analysis, and work order creation is also needed.

What is the team structure or work environment like for this role?

The role involves working as an experienced team member supporting Project Managers under some supervision, coordinating with project teams, internal/external stakeholders, contractors, and vendors on multiple intermediate projects.

What makes a strong candidate for this Proj Cost Analyst position?

Strong candidates have experience in project cost controls, budget forecasting, variance analysis, and collaborating with PMs and stakeholders, plus the ability to conduct training and support process improvements as an experienced team member.