American Electric Power · 1 day ago
Project Cost Analyst - Project Cost Analyst Sr
New Albany, OH
Full-time
Onsite
Mid, Senior Level
$85K/yr - $106K/yr
1+ years expAmerican Electric Power is a dedicated energy company committed to delivering safe, reliable, and innovative energy solutions. The Project Cost Analyst Sr will be responsible for coordinating project cost analysis and controls, overseeing cost reporting for multiple projects, and monitoring project budgets to ensure accurate cost depiction.
EnergyFinanceRenewable EnergyClean EnergyEnergy ManagementFinancial Services
Responsibilities
Assist estimating staff in assessing and comprehending actual costs in relation to estimated costs throughout the Project Lifecycle Management Process
Develop and demonstrate an economic and business acumen with an understanding of the engineering & design, construction, procurement, contracting, estimating, and startup procedures and processes
Responsible for analyzing and comparing estimated costs against actual costs to identify cost drivers and variances. This will involve data collection, financial modeling, and reporting to support decision-making processes
Lead and manage projects associated with Capital Improvement (CI) Revision process within the Estimating department, providing guidance to project management on obtaining new or revised estimates for funding requirements and creating cost drivers to be shared with leadership
Regulatory Support and Compliance: Collaborate with regulatory staff to perform actual vs. estimate cost analyses for rate cases, ensuring accurate regulatory filings while supporting strategic initiatives and process improvement efforts across the organization
Key contributor in implementing a robust cost feedback loop that enhances cost efficiency and drives strategic decision-making using data tools, KPIs, and dashboards
Conduct cost-benefit analyses and financial modeling to evaluate the feasibility of projects and support decision-making processes
Develop an understanding of the risk on capital projects. Work with Risk Management team, Estimators, and PMT to assign costs to identify risks on projects
Support decision making process for leadership based on analyzing financial data, collaborating with cross-functional teams, and providing actionable insights to optimize operational costs
Reporting and Analysis: Deliver actuals reporting services to estimators and external teams, facilitating comprehensive estimate vs. EAC analysis to identify cost drivers and support project management decisions
Evaluate contractor bids to provide input to estimating admin (team responsible for maintaining construction labor rates within estimating application) and project management
Provide training and guidance to lower-level employees as appropriate. Ability to mentor, develop, and guide lower-level analysts through a training plan if appointed as mentor/trainer by management
Train and learn to use estimating application within the department
Interface with various departments within AEP (Project Management/Engineering/Regulatory/Procurement/Project Controls/Financial Controls/Business Operations/Construction Management/Engineering Standards)
Qualification
Required
Education requirement is dependent upon experience as indicated below. 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
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
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 Principle (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 Principle level
Education requirement is dependent upon experience as indicated below. An Associate's degree or higher is required. 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 (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
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
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 Principle (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 Principle level
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 but minimal
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
Preferred
A professional certification is preferred
Exposure to corporate accounting and project cost management systems, construction environments, earned value management, and scheduling systems is preferred but not required
Benefits
AEP offers a unique comprehensive benefits package that aims to support and enhance the overall well-being of our employees.
Company
American Electric Power
American Electric Power generates, transmits, and distributes electricity, serving residential, commercial, and industrial customers.
10001+ employees
H1B Sponsorship
American Electric Power has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (33)
2024 (14)
2023 (32)
2022 (24)
2021 (15)
2020 (24)
Funding
Current Stage
Public CompanyTotal Funding
$5.03BKey Investors
GRIP ProgramInvenergy
2025-11-25Post Ipo Equity· $3.5B
2023-10-19Grant· $27.8M
2023-08-16Post Ipo Equity· $1.5B
Leadership Team
William Fehrman
President and Chief Executive Officer
Charles E Zebula
Executive Vice President and Chief Financial Officer
Recent News
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2026-02-07
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2026-01-11
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