Budget Analyst Sr - Budget Analyst Staff

American Electric Power•Wayne, IN

1d•Onsite

About The Position

Supports O&M and/or Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and analysis, and/or the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing support of the related planning, budgeting and reporting applications and the billing/allocation processes. A budget analyst will provide more limited support, either in activities performed or in groups supported. Support the O&M and Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing support related to planning, budgeting and reporting applications and the billing/allocation processes.

Requirements

Budget Analyst Sr - Grade 7 Minimum Requirements: Bachelor's degree in Business, Accounting, Finance or Engineering along with a minimum of 4 years of relevant experience. Or; Associates degree in Business, Accounting, Finance or Engineering along with a minimum of 6 years or relevant experience.
Budget Analyst Prin - Grade 8 Minimum Requirements: Bachelor's degree in business, Accounting, Finance or Engineering along with a minimum of 6 years of relevant experience. Or; Associate's degree in business, Accounting, Finance or Engineering along with a minimum of 8 years or relevant experience.
Budget Analyst Staff Minimum Requirements: Bachelor's degree in business, Accounting, Finance, or Engineering 8 or more years of relevant experience.
Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition
This position requires coordination with corporate finance, corporate planning & budgeting, accounting/tax, commercial operations, generation and transmission, regulatory, requiring the incumbent to work across functional boundaries.

Nice To Haves

Prior experience in a functional Business Unit (Generation, Transmission, or Distribution), and/or Corporate Finance and/or Operating Company finance, and/or engineering related field is preferred.
Knowledge/utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting desired.
Familiarity with AEP accounting and use of Chartfields desired.
Prior experience or strong demonstrated knowledge of PowerBi, Excel, Data Reporting via Systems, and Variance Analysis.
Prior utility and/or project controls experience is a plus.

Responsibilities

Support the planning and budgeting activities for the O&M and Capital resource allocation process; including long-range forecasts, detail budgets, re-projections and contingency plans.
Prepare monthly and quarterly variance reports and provide meaningful analysis of drivers.
Prepare ad-hoc reports as needed to support analysis.
Support decisions affecting operation and maintenance activities, capital investment, customer service levels, and profitability objectives.
Assist in routing and approval process for Improvement Requisitions; ensuring that Authorization Policy and IR Procedures are followed.
Engage in developing and improving standardized processes surrounding budgeting, forecasting, reporting, and improvement requisitions.
Perform special studies, analysis, investigations, and assignments as may be required.
Provide assistance in responding to regulatory and other data requests.
Support the Financial Forecasting process alongside OPCO / Business Units within I&M as it relates to Capital and O&M expenditures to resolve any potential issues.
At higher levels within the Budget Analyst job family, individuals may assume increasing responsibility for budgeting, forecasting, and financial planning activities supporting complex organizations and investment portfolios; provide strategic financial guidance to leadership; and influence significant resource allocation and investment decisions.