Job Posting End Date
07-07-2026
Please note the job posting will close on the day before the posting end date.
Job Summary
The Project Cost Analyst is responsible for analyzing project costs, monitoring budgets, and supporting project managers and team members with cost control activities throughout the project lifecycle. This role performs ongoing forecast updates, variance analysis, invoice processing, daily cost reporting, and budget monitoring to ensure accurate project financial tracking. The position also supports project administrative functions such as purchase requisitions, change orders, purchase order closeout, and certificates of completion. The ideal candidate has strong analytical, organizational, and communication skills, with the ability to work collaboratively across project and business teams. This role may be filled at either Grade 6 or Grade 7 based on qualifications and experience.
Job Description
What you’ll do:
Essential Job Functions & Tasks
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Analyze project costs and monitor budgets to ensure accurate project financial reporting.
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Prepare and update forecasts, variance analyses, and cash flow projections.
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Process invoices and run daily reports to verify cost accuracy.
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Support project administrative activities including:
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Creating purchase requisitions
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Preparing change orders
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Closing purchase orders
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Gathering certificates of completion
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Assist with budget tracking, cost tracking, and project reporting.
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Support project managers and team members with project documentation and planning activities.
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Communicate with internal and external stakeholders regarding budgetary and cost-related items.
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Assist with maintaining accurate project records and tracking key project information.
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Collaborate with project teams to support effective cost controls and project execution.
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Perform additional project-related administrative and analytical duties as assigned.
What we’re looking for:
Education requirements are listed below:
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High school diploma or GED required, with progressively related experience.
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Associate’s degree in a related field preferred, such as Accounting, Business, Construction Management, Engineering, Technology, or Project Management.
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Bachelor’s degree in a related field preferred, such as Accounting, Business, Construction Management, Engineering, Technology, or 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.
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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 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.
Other preferences:
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Experience with project cost analysis, forecasting, and budget monitoring.
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Background in accounting, finance, business, project management, or construction-related work.
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Strong organizational skills and attention to detail.
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Ability to manage multiple priorities and maintain accuracy in a fast-paced environment.
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Proficiency with Microsoft Office applications, including Word, Excel, Outlook, and PowerPoint.
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Ability to work collaboratively with project teams and internal customers.
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Prior exposure to project management, project controls, or cost management systems is preferred.
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Candidates with adaptable experience outside the utility industry may be considered.
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The role may be filled at the Grade 6 level or the Grade 7 level depending on talent and experience.
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The posting should remain open for 10 days, with the option to extend.
What you’ll get:
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 Analyst level, with increased educational, skill, experience requirements for the higher level Senior role.
Salary range for Grade 6: $74,551 to $93,189.
Salary range for Grade 7: $87,633 to $109,554.
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.
At AEP, we’re more than just an energy company — we’re a team of dedicated professionals committed to delivering safe, reliable, and innovative energy solutions. Guided by our mission to put the customer first, we strive to exceed expectations by listening, responding, and continuously improving the way we serve our communities. If you're passionate about making a meaningful impact and being part of a forward-thinking organization, this is the company for you!
#LI-Onsite
#AEPCareers
Compensation Data
Compensation Grade:
SP20-005
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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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all respects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, we might record certain information or applicants for employment may be invited to voluntarily disclose protected characteristics.
