American Electric Power

Project Cost Analyst

American Electric Power • $74K — $93K *
Tulsa, OK 74133In-Person
Business Services
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Associate's degree plus 3 years' experience or Bachelor's degree plus 1 year of experience in a related field.
  • Experience in utility operations with knowledge of work processes.
  • Background in project management, cost tracking analysis, or budgeting.
  • Strong organizational skills with a keen attention to detail.
  • Proficiency in Microsoft Office Suite, especially Excel.

Responsibilities

  • Coordinate project meetings with teams and managers for effective execution.
  • Prepare updated forecasts and budget variance analyses for projects.
  • Support compliance activities relevant to budget and forecasting processes.
  • Conduct estimate-versus-actual cost analyses alongside project management.
  • Communicate financial performance and project budget updates to stakeholders.

Benefits

  • comprehensive benefits package supporting employee well-being
  • opportunities for continuous improvement and professional development
  • potential for career progression with relevant professional certifications
  • supportive safety culture and commitment to community stewardship
  • occasional overtime and travel opportunities depending on business needs
Full Job Description
Job Posting End Date
07-16-2026
Please note the job posting will close on the day before the posting end date.

Job Summary

The Project Cost Analyst is responsible for coordinating project cost analysis and controls in support of Project Managers and project teams across multiple intermediate-level projects. This role monitors project budgets, forecasts project spending, analyzes variances, and ensures accurate cost reporting throughout the project lifecycle. The Project Cost Analyst maintains project financial data within AEP corporate systems, tracks key performance indicators (KPIs), and partners with internal stakeholders, contractors, and vendors to support successful project execution. This position also contributes to continuous process improvement initiatives, provides training and guidance to team members, and promotes project management best practices while ensuring compliance with AEP governance standards.

Job Description

What you'll do:

Essential Job Functions & Tasks
  • Coordinate project meetings and collaborate with Project Managers and project team members to support project planning, execution, and documentation.
  • Assist in preparing and updating project forecasts, spending projections, cash flow forecasts, budget variance analyses, and cost tracking reports.
  • Support Sarbanes-Oxley (SOX) compliance activities, annual budgeting, capital forecasting, five-year planning, and improvement requisitions, as required by the assigned business unit.
  • Perform estimate-versus-actual cost analyses and collaborate with Project Management and stakeholders to develop and maintain time-phased baseline project budgets.
  • Create and maintain project breakdown structures and other project financial documentation.
  • Support departmental operational activities, including tracking and verifying unvouchered liabilities (UVLs), maintaining project system records, and managing work orders from creation through project closeout.
  • Assist with contractor bidding activities, cost analysis, contract administration, and cost tracking, depending on business unit requirements.
  • Communicate effectively with project teams, internal business partners, contractors, vendors, and other stakeholders regarding project budgets and financial performance.
  • Apply technical knowledge and analytical techniques to resolve project cost and financial issues while recommending appropriate solutions.
  • Develop, monitor, and report Key Performance Indicators (KPIs) related to project scope, budget, schedule, forecasting, and overall project performance.
  • Build strong working relationships with colleagues, customers, contractors, and vendors while resolving work order and project-related issues in a fast-paced environment.
  • Ensure projects comply with AEP Project Management organizational standards and governance requirements.
  • Provide training, coaching, and guidance to less experienced employees as appropriate.
  • Recommend process improvements that enhance project performance, operational efficiency, customer service, and environmental stewardship.
  • Coordinate work activities with internal teams, contractors, and vendors to support successful project delivery.
  • Participate in team decision-making, collaboration, and consensus-building efforts.


What we're looking for:

Education requirements are listed below:
  • Qualified Associate's degree in a related field from an accredited college or university with three (3) years of qualified experience; or
  • Qualified Bachelor's degree in a related field from an accredited college or university with one (1) year of qualified experience.
  • Related fields may include:
  • Accounting
  • Business
  • Construction Management
  • Engineering
  • Technology
  • Project Management


Work Experience requirement listed below:
  • 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.

Other preferences:
  • Strong organizational, planning, and time management skills with exceptional attention to detail.
  • Ability to manage multiple priorities while maintaining accuracy and meeting deadlines.
  • Strong analytical and problem-solving skills.
  • Effective written and verbal communication skills.
  • Proficiency with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
  • Ability to work collaboratively in a team-oriented environment while building positive relationships with internal and external stakeholders.
  • Experience with project cost management systems, corporate accounting systems, earned value management, scheduling software, or construction environments is preferred but not required.
  • Ability to interpret project financial data and provide meaningful recommendations to support project success.
  • Demonstrated commitment to customer service and continuous improvement.
  • Willingness to travel, including occasional overnight travel, as business needs require.
  • Ability to safely perform light physical duties at company facilities and project sites in varying conditions.
  • Availability to work overtime, call-out overtime, or shift work when required by business needs.
  • Professional certifications such as CCMP, CETa, IQCP, PMP, or RMP are not required for this role but are valued for future career progression.
  • Support and demonstrate AEP's policies, values, safety culture, and commitment to environmental and community stewardship.
  • For nuclear assignments, work may be performed at nuclear facilities and could involve work in hazardous environments and potential radiation exposure within NRC-established limits.


What you'll get:

Base Salary from $74,551 - $93,189/year. 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.

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Compensation Data

Compensation Grade:

SP20-006

Compensation Range:

$74,551.00 - $93,188.50

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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