Proj Cost Analyst – Project Cost Analyst Principle

Proj Cost Analyst – Project Cost Analyst Principle

Requirements

• 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.
• With a 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.
• An Associate’s degree or higher is required for higher grades.
• With a High School Diploma or GED, four (4) years’ experience as a Project Cost Analyst (grade 006).
• With a qualified Associate’s degree, six (6) years’ qualified experience.
• With a qualified Bachelor’s degree, four (4) years’ qualified experience required.
• With a High School Diploma or GED, four (4) years’ experience as a Project Cost Analyst Sr (grade 007).
• With a qualified Associate’s degree, eight (8) years’ qualified experience.
• With a qualified Bachelor’s degree, six (6) years’ qualified experience required.
• 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.

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.
• 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.
• Track, analyze, and verify 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, including bidding activities, analysis of cost, cost tracking, etc.
• Communicate with project team, resources, and other internal and external stakeholders on various budgetary items.
• 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.).
• Provide strong teamwork with colleagues, vendors and/or customers and respond to customer/vendor inquiries, resolving work order issues and/or implementing action plans in a fast-paced, results-oriented team.
• 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.
• 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.

Preferred Qualifications

• 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.
• Demonstrate an attitude and desire to listen to and satisfy both internal and external customers who use and depend upon our work.