Budget Analyst

American Electric Power•Ashland, KY

About The Position

The Budget Analyst supports O&M and/or capital budgeting, forecasting, reprojections, variance and other standard or ad hoc reporting and analysis, and improvement requisition processes for business units, corporate groups, operating companies, and/or AEP Consolidated. The role also supports related planning, budgeting, reporting applications, and billing and allocation processes. A Budget Analyst provides more limited support in the activities performed or groups supported than a Budget Analyst Senior. The posting also describes Budget Analyst Senior responsibilities: supporting O&M and capital resource allocation planning and budgeting; producing variance reports and analysis; assisting with regulatory financial matters and financial model issues; and working with Financial Forecasting and operating companies or business units. The listed compensation range is $74,551 to $109,543.

Requirements

Budget Analyst: Bachelor's degree in Business, Accounting, Finance, or Engineering and 1 year of relevant experience; or an associate degree in one of these fields and at least 3 years of relevant experience.
Budget Analyst Senior: Bachelor's degree in Business, Accounting, Finance, or Engineering and at least 4 years of relevant experience; or an associate degree in one of these fields and at least 6 years of relevant experience.
Communication, teamwork, initiative, adaptability/flexibility, client focus, creativity, planning/organizing, and understanding the business and competition.
Coordinate across functional boundaries with the listed finance, accounting, operations, engineering, and regulatory groups.

Nice To Haves

Prior experience in a functional business unit (Generation, Transmission, or Distribution), Corporate Finance, Operating Company finance, or an engineering-related field.
Knowledge or use of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting.
Familiarity with AEP accounting and use of Chartfields.

Responsibilities

Support O&M and/or capital resource allocation planning and budgeting, including long-range forecasts, detailed budgets, reprojections, and contingency plans.
Prepare monthly and quarterly variance reports; for the senior role, provide meaningful analysis of variance drivers.
Prepare ad hoc reports and analysis as required.
Support decisions affecting operations and maintenance activities, capital investment, customer service levels, and profitability objectives.
Assist with the routing and approval process for Improvement Requisitions and ensure Authorization Policy and IR Procedures are followed.
Develop and improve standardized processes for budgeting, forecasting, reporting, and improvement requisitions.
Perform special studies, analysis, investigations, and other assignments as required.
Assist in responding to regulatory and other data requests.
For the senior role, assist with financial matters in regulatory proceedings, including data requests, revenue requirements, and special studies for Commissions.
For the senior role, support financial model issues and work with Financial Forecasting and the OPCO/BU(s) to resolve potential issues.
Coordinate across corporate finance, corporate planning and budgeting, accounting/tax, commercial operations, generation and transmission, and regulatory functions.