American Electric Power

Project Cost Analyst

American Electric Power • $74K — $109K *
Tulsa, OK 74133In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • High School Diploma or GED with relevant experience or a qualified degree in related fields.
  • 4 years of experience as a Project Cost Analyst Associate or related role.
  • Experience in utility operations, project management, and cost tracking analysis.
  • Knowledge of accounting principles and project budgets.
  • Proficiency in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint).

Responsibilities

  • Coordinate project meetings and manage project documentation.
  • Prepare project spending forecasts and conduct budget variance analysis.
  • Collaborate with project teams on variance reporting and budget establishment.
  • Assist with Sarbanes Oxley (SOX) compliance activities as needed.
  • Create and maintain project breakdown structures and work order processes.
  • Lead training initiatives and mentor less experienced team members.
  • Develop and track Key Performance Indicators (KPIs) for project performance.

Benefits

  • Opportunity for career advancement with a range of grade levels.
  • Training and guidance roles for professional development.
  • Exposure to corporate accounting and project management systems.
  • Collaborative work environment with internal and external stakeholders.
Full Job Description
Job Posting End Date
06-15-2026
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 large and complex projects under minimal 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 external customers. As a senior member of the team, expectations include developing / conducting training, leading continuous process improvement efforts and developing tools and processes utilized within the work group. Depending on the assigned business unit, this position might also be responsible for 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

What You'll Do:
  • 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.
  • Prepare 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 submitting 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.
  • Assist in the contracting process which 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.
  • Works independently in resolving moderately complex problems.
  • 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.
  • Lead the administration of 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.
  • Demonstrates the development as a subject matter expert in several areas. Ability to mentor, develop, and guide lower level PC Analyst through a training plan if appointed as mentor/trainer by supervision.
  • Validation that training is complete and is being applied.
  • 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, advise and counsel all key contractors, vendors, suppliers, and/or less experienced project cost controls team members associated with the programs and projects to obtain all project performance related data and integrate into a total project performance analysis.


Note: This position is posted at multiple grade levels and offers a range of opportunities for advancement. The minimum qualifications outlined below apply to the Project Cost Analyst level, with increased educational, skill, experience and certification requirements for higher level Project Cost Analysts.

What We're Looking For:

Education:
  • 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.
  • 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.


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 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.


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, call-out overtime and shift work may be required depending on business unit.
  • Demonstrate an attitude and desire to listen to and satisfy both internal and external customers who use and depend upon our work.


Compensation Data

Compensation Grade:

SP20-006

Compensation Range:

$74,551.00 - $109,543.00

The Physical Demand Level for this job is: S - Sedentary Work: Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently. (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

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About American Electric Power

American Electric Power generates, transmits, and distributes electricity, serving residential, commercial, and industrial customers nationwide. AEP serves millions of customers across 11 states. It operates in the generation, transmission, and distribution of electricity, providing power to residential, commercial, and industrial customers. AEP generates electricity using diverse sources, including coal, natural gas, nuclear, and renewable energy like wind and solar. The company maintains a vast transmission network that delivers electricity from power plants to local distribution systems, ensuring a stable and reliable power supply. AEP is actively involved in renewable energy initiatives, investing in wind farms and solar facilities to diversify its energy portfolio and reduce its environmental impact. Additionally, the company engages in community outreach, supporting education, environmental conservation, and various social initiatives.

American Electric Power Careers

Join the dynamic team at American Electric Power (AEP), one of the largest electric utilities in the United States, and ignite your career with a company known for its commitment to innovation and leadership in the energy sector.

Opportunities Await

At AEP, we offer a multitude of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking an entry-level position or a more senior role, our diverse range of employment options ensures that there's a place for every ambitious individual in our team.

Grow and Innovate

Embark on a journey of growth and professional development with AEP. Our company is at the forefront of the energy industry’s transformation, integrating sustainable and innovative practices that not only lead the market but also contribute to a greener planet. Engage in work that challenges the status quo, pushing the boundaries of what is possible in the energy sector.

Culture and Benefits

AEP is dedicated to fostering a culture of diversity and inclusion, where every team member’s contribution is valued. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. From comprehensive health benefits to professional development programs and diversity training, AEP ensures that our team is equipped for both personal and professional success.

Internship Programs

Kickstart your career with an AEP internship. Our programs provide invaluable industry experience and networking opportunities that pave the way for future employment. Interns at AEP work on real projects, learn from seasoned professionals, and gain the hands-on experience necessary to succeed in the fast-paced world of energy.

Leadership and Development

Leadership at AEP means more than guiding teams – it involves inspiring change and driving innovation. With leadership development programs, employees are prepared to take on challenging roles that shape the future of the company and the industry. Our focus on leadership and continuous improvement creates an environment where ambitious professionals can thrive.

Join Our Team

Explore the career possibilities at American Electric Power today. Search open positions that match your skills and interests. We are constantly hiring new talent and look for passionate, curious, and solution-driven team players. Prepare your resume, ace the interview, and join a company where your career can flourish.

Stay Connected

Keep up to date with the latest at AEP by following our careers blog. Gain insider perspectives, industry-leading insights, and career tips that you can put to use today—all from the people who work here.

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Explore American Electric Power Jobs

Whether you're a seasoned professional or new to the industry, AEP offers a dynamic work environment where innovation, leadership, and growth are part of everyday life. Join us in powering a new and brighter future for everyone.
Learn more about American Electric Power
Size
16,688 employees
Market Cap
$48.8 billion
Industry
Energy & Utilities
Net Income
$2.2 billion
Founded
1906
5 Year Trend
+0.5%
Revenue
$14.9 billion
NASDAQ
AEP
* Ladders Estimates

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