Project Cost Analyst-Senior at American Electric Power

New Albany, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Utilities, EnergyIndustries

Requirements

Experience coordinating project cost analysis and controls for multiple projects under some supervision
Knowledge of AEP corporate systems for budget input and tracking
Ability to provide forecast updates, variance analysis, and estimate vs. actuals analysis at program and project levels
Skills in inputting and tracking key performance indicators (KPIs)
Experience creating project breakdown structures and work orders
Familiarity with Sarbanes Oxley (SOX) activities, annual budgeting, capital forecasting, and five-year planning
Understanding of AEP project/work management organizational standards and Project Management Governance Committee guidance
Technical knowledge and analytical techniques to solve problems
Ability to communicate and develop partnerships with internal/external customers, vendors, and stakeholders
Experience interfacing with external contractors and vendors for budget and schedule integration
Capability to perform departmental organizational functions (e.g., tracking unvouchered liabilities, maintaining project records)

Responsibilities

Coordinate project cost analysis and controls, overseeing cost reporting and monitoring budgets for intermediate projects
Input budgets into AEP corporate systems and provide ongoing forecast updates and variance analysis
Track key performance indicators (KPIs) related to scope, budgeting, schedule, cost performance, and forecasting
Coordinate project meetings and work with project team members on activities
Support Project Managers (PMs) in preparing/updating project documentation and planning
Assist with forecasts of project spending, cash flows, budget variance monitoring, and cost tracking/analysis
Provide analysis and verification for SOX activities and input into annual budget, capital forecast, five-year plan, and improvement requisitions
Collaborate with PMs and stakeholders for variance reporting and establishing time-phased baseline budgets
Create work orders and coordinate with external contractors/vendors for integration into project budget and schedule
Communicate budgetary items with project teams, resources, internal/external stakeholders; supply information and seek assistance
Perform departmental functions like tracking/analyzing/verifying unvouchered liabilities (UVLs), maintaining project records, and managing work order processes
Assist in contracting processes (e.g., bidding, cost analysis, tracking) depending on business unit
Apply problem-solving skills to resolve technical problems and initiate solutions
Provide training and guidance to lower-level employees
Support continuous process improvement, develop tools/processes, and recommend enhancements for role, project performance, service delivery, and stewardship
Adhere to AEP project management standards and assist in managing projects accordingly

Skills

Key technologies and capabilities for this role

project cost analysisbudget trackingvariance analysisforecastingSOX compliancecost reportingproject managementSAPwork ordersKPI tracking

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What is the work arrangement or location policy for this role?

This information is not specified in the job description.

What key skills are required for the Project Cost Analyst-Senior role?

Key skills include project cost analysis and controls, budget variance monitoring, forecast updates, variance analysis, and collaboration with project teams. Experience with AEP corporate systems, SOX activities, and creating project breakdown structures is also needed.

What is the company culture or team environment like?

This information is not specified in the job description.

What makes a strong candidate for this position?

Strong candidates have experience coordinating project cost analysis under some supervision, supporting project managers, conducting training, and driving continuous process improvement. Demonstrated technical knowledge, analytical techniques, and ability to collaborate with internal/external stakeholders are key.