Financial Controls Business Analyst at American Electric Power

New Albany, Ohio, United States

Apply Now

Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Utilities, Energy, TransmissionIndustries

Requirements

Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field
Minimum of 2 years of experience with a Bachelor's degree, or minimum of 4 years with an Associate's degree
Experience in one or more of the following areas: accounting, finance, contract administration, budgeting, benchmarking, or auditing
Experience with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, PowerBI, SQL, and Workiva is a plus
Demonstrated teamwork capabilities in a fast-paced environment
Strong commercial, analytical, oral/written communication, and presentation skills
Ability to work with a diverse set of internal and external partners and all levels of the organization
Positive attitude that embraces learning opportunities and change
Core competencies: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing

Responsibilities

Ensure proper financial controls for accurate project/work order reporting for Operating Companies, Transcos, and Joint Ventures (e.g., GLBUs, Accounts, AFUDC, Depreciation, Original Cost Asset Retirements)
Participate in process improvement initiatives related to financial and operational processes
Participate in initiatives to reduce expenses or increase revenue for AEP Transmission
Assist with cost and process benchmarking studies (internal and external) to ensure operational excellence
Provide data analytics to help manage the business
Assist with training initiatives related to financial and operational processes and related IT applications
Assist AEP Audit Services with vendor and operational audits to ensure compliance with contract financial Terms and Conditions and AEP policies/guidelines
Participate in special studies, reposting, automation initiatives, or other assigned projects
Identify and submit unvouchered liabilities per accounting policies and SOX requirements; align policies/processes with AEP Transmission guidelines
Develop efficiencies for recording unvouchered liabilities for uninvoiced vendor services
Monitor financial controls to limit missed accruals and duplication of unvouchered liability accruals
Process complex vendor invoices for management approval (contract labor and services)
Perform invoice audit reviews per contract financial Terms and Conditions (labor/equipment rates, subcontractors, materials, Per Diem, escalation, overheads)
Interpret complex contractual language and financial Terms and Conditions for invoices and contract reviews
Dispute vendor invoices for contractual compliance and interpretation
Handle invoice processing for complex contracts, unvouchered liabilities, work order administration/analysis, and administrative support to field employees