American Electric Power
Financial Controls Business Analyst Senior
American Electric Power, New Albany, Ohio, United States, 43054
Overview
Job Posting End Date 10-31-2025. Please note the job posting will close on the day before the posting end date. Job Summary : Responsible for contract administration and analysis, unvouchered liabilities, audit mitigation and reporting, work order administration/analysis, O&M and Capital budget analysis, and administrative support activities to field employees. This position will participate in process improvement / LEAN initiatives and training.
Job Description
What you’ll do:
Process complex vendor invoices for management approval for contract labor and services. Perform invoice audit review per the contract’s financial Terms and Conditions for labor and equipment billing rates, subcontractors, materials, Per Diem, escalation, overheads, etc. Interpret and understand complex contractual language and financial Terms and Conditions to apply to vendor invoices and contract reviews, dispute vendor invoices for contractual compliance and interpretation.
Interpret complex contractual language and financial Terms and Conditions to apply to contract reviews; collaborate with Procurement to amend contract language to improve or clarify terms and conditions.
Prepare and assist newer team members with monthly unvouchered liabilities in accordance with accounting policies and SOX requirements; ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines. Assist with the development of efficiencies to record UVLs for un-invoiced vendor services performed.
Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract’s financial Terms and Conditions and AEP’s policies and guidelines. Develop reports to support mitigation strategies and monitor on a monthly or quarterly basis. Collaborate with field personnel to ensure compliance.
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 both internal and external to AEP to ensure operational excellence. Provide data analytics as required to help manage the business.
Lead reporting initiatives within Financial Controls.
Lead and assist in training and onboarding of new team members including UVLs, Invoicing, CAA, vendor support, etc.
Lead or participate in special studies or projects as may be assigned. This includes development of dashboards, reports, presentations, organization projects, streamlining projects, etc.
Qualifications
Education: Associate or Bachelor’s degree in Business, Finance, Accounting, Contract Administration, or related field of study. Experience: Minimum of four years of experience for candidates with a Bachelor’s degree; minimum of six years of experience. Experience focused in one of the following areas: accounting, finance, contract administration, budgeting, benchmarking or auditing. Required License(s)/Certification(s): Advanced degree or professional certification in Finance/Accounting is preferred but not required. In addition: Experience with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, Power BI, SQL and Workiva is a plus. Qualified professional with demonstrated teamwork capabilities working in a fast-paced environment. Strong commercial, analytical, oral/written communication, and presentation skills are required. Ability to successfully work with a diverse set of internal and external partners and all levels of the organization. Bring a positive attitude that embraces learning opportunities and change. Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing. Annual invoice volume: 90,000 invoices for $3.0 Billion and growing; Unvouchered Liabilities for $2.0 Billion.
Where you’ll work
This role sits on site in New Albany, Ohio.
What you’ll get
Financial Controls Business Analyst Senior SG7 ($85,081-$106,353). In addition to a competitive compensation, AEP offers a comprehensive benefits package. The company motto is to put the customer first and continuously improve the way we serve our communities.
Compensation : American Electric Power (On-Site) $85K - $106K / Year. Compensation Data: Compensation Grade: SP20-007.
Compensation Range:
$85,081.00-106,352.50 USD.
Physical Demand
Level: S — Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently. Sedentary work typically involves sitting, with occasional walking or standing.
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Equal Employment Opportunity statement: American Electric Power (AEP) is an equal opportunity employer. All employment decisions are made without regard to race, color, religion, sex, national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, applicants may be asked to disclose protected characteristics.
American Electric Power
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Job Posting End Date 10-31-2025. Please note the job posting will close on the day before the posting end date. Job Summary : Responsible for contract administration and analysis, unvouchered liabilities, audit mitigation and reporting, work order administration/analysis, O&M and Capital budget analysis, and administrative support activities to field employees. This position will participate in process improvement / LEAN initiatives and training.
Job Description
What you’ll do:
Process complex vendor invoices for management approval for contract labor and services. Perform invoice audit review per the contract’s financial Terms and Conditions for labor and equipment billing rates, subcontractors, materials, Per Diem, escalation, overheads, etc. Interpret and understand complex contractual language and financial Terms and Conditions to apply to vendor invoices and contract reviews, dispute vendor invoices for contractual compliance and interpretation.
Interpret complex contractual language and financial Terms and Conditions to apply to contract reviews; collaborate with Procurement to amend contract language to improve or clarify terms and conditions.
Prepare and assist newer team members with monthly unvouchered liabilities in accordance with accounting policies and SOX requirements; ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines. Assist with the development of efficiencies to record UVLs for un-invoiced vendor services performed.
Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract’s financial Terms and Conditions and AEP’s policies and guidelines. Develop reports to support mitigation strategies and monitor on a monthly or quarterly basis. Collaborate with field personnel to ensure compliance.
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 both internal and external to AEP to ensure operational excellence. Provide data analytics as required to help manage the business.
Lead reporting initiatives within Financial Controls.
Lead and assist in training and onboarding of new team members including UVLs, Invoicing, CAA, vendor support, etc.
Lead or participate in special studies or projects as may be assigned. This includes development of dashboards, reports, presentations, organization projects, streamlining projects, etc.
Qualifications
Education: Associate or Bachelor’s degree in Business, Finance, Accounting, Contract Administration, or related field of study. Experience: Minimum of four years of experience for candidates with a Bachelor’s degree; minimum of six years of experience. Experience focused in one of the following areas: accounting, finance, contract administration, budgeting, benchmarking or auditing. Required License(s)/Certification(s): Advanced degree or professional certification in Finance/Accounting is preferred but not required. In addition: Experience with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, Power BI, SQL and Workiva is a plus. Qualified professional with demonstrated teamwork capabilities working in a fast-paced environment. Strong commercial, analytical, oral/written communication, and presentation skills are required. Ability to successfully work with a diverse set of internal and external partners and all levels of the organization. Bring a positive attitude that embraces learning opportunities and change. Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing. Annual invoice volume: 90,000 invoices for $3.0 Billion and growing; Unvouchered Liabilities for $2.0 Billion.
Where you’ll work
This role sits on site in New Albany, Ohio.
What you’ll get
Financial Controls Business Analyst Senior SG7 ($85,081-$106,353). In addition to a competitive compensation, AEP offers a comprehensive benefits package. The company motto is to put the customer first and continuously improve the way we serve our communities.
Compensation : American Electric Power (On-Site) $85K - $106K / Year. Compensation Data: Compensation Grade: SP20-007.
Compensation Range:
$85,081.00-106,352.50 USD.
Physical Demand
Level: S — Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently. Sedentary work typically involves sitting, with occasional walking or standing.
Hear about it first! Get job alerts by email. Log in to your Candidate Home Account today. If you don’t have an account, you can create one.
Equal Employment Opportunity statement: American Electric Power (AEP) is an equal opportunity employer. All employment decisions are made without regard to race, color, religion, sex, national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, applicants may be asked to disclose protected characteristics.
American Electric Power
#J-18808-Ljbffr