Director Finance

American Electric Power • Austin, TX

2d • Onsite

About The Position

ETT is a 50/50 joint venture between subsidiaries of American Electric Power and Berkshire Hathaway Energy Company. Facilitate the prioritization of planned O&M and Capital expenditures and maximize the recovery of cost through the regulatory process. In coordination with AEP Transmission and AEP Finance, development and execution of the joint venture's corporate financing plan through issuances of long-term debt, management of the credit facility and operating cash flow. Coordinate with corporate and central business functions to facilitate O&M and Capital spending plans in alignment with corporate strategy. Establish and maintain metrics in support of performance measurement reporting. Develop all short and long-term financial plans for the joint venture in a coordinated effort with Corporate Planning and Budgeting and Transmission Business Planning & Analysis to identify financial opportunities to improve profitability in order to maximize returns, support external ratings and regulatory filings. This position may be filled onsite in Columbus, Ohio or Austin, Texas.

Requirements

• Bachelor's degree in Accounting, Engineering, Finance, Management or related field; plus, eight years of relevant experience.
• Demonstrate the highest standards of ethical behavior.
• Show an approach toward people and work that is consistent with the AEP values and leadership framework

Nice To Haves

• MBA or advanced degree preferred

Responsibilities

• Oversee and direct the joint venture's financial strategies and plans as well as regulatory strategies and execution.
• Understand all financial and regulatory issues for the joint venture.
• Direct the O&M and Capital resource allocation in alignment with corporate strategy, financial constraints and the regulatory plan.
• Recommend mid-year plan adjustments to achieve target earnings.
• Direct the development of data in support of regulatory filings to maximize returns.
• Participate in regulatory proceedings as required.
• Represent the joint venture in matters before its regulatory bodies, including rate cases, negotiated rate settlements, interim Transmission Cost of Service filings, general rule makings, and other required filings.
• Provide operating company performance measurement reporting, including O&M and Capital variance analyses and re-projections required to support both Owners' corporate processes.
• Profit and Loss reporting responsibility for the Joint Venture Owner's corporate processes and identification of cost reduction or business growth opportunities.
• Develop and obtain necessary approvals in support of Capital projects including the development of Authorizations for Expenditures consistent with corporate guidelines and procedures.
• In conjunction with AEP Corporate Finance, manage the company's credit metrics to maintain or improve the company's credit rating.
• In addition, develop and execute long-term debt financings and credit facility arrangements.
• Responsible for directing day to day cash management including draws from the company's credit facility, release of invoices to be processed by Accounts Payable, short-term investments of excess funds and dividend recommendations.
• Develop and present financial reports, financing strategies and dividend recommendations for the ETT quarterly board meetings and make presentations to executive management as required.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director