Director of Business Operations Support, Finance

American Electric Power•Shreveport, LA

2d•$160,434 - $208,566•Onsite

About The Position

The Director of Business Operations Support is responsible for the review, reporting, and analysis of operating company financial results. This role involves coordinating short and long-term financial plans, including the prioritization of operating and maintenance and capital expenditures in alignment with AEP strategy. The Director will manage the interface with other AEP organizations that impact operating company results and provide direct support for regulatory activities. Responsibilities include overseeing economic analysis of alternative solutions for business opportunities, reviewing organizational activities to enhance effectiveness and efficiency, and making recommendations for performance improvement. Additionally, the Director is responsible for overseeing the preparation of operating company direct budgets and variance reporting.

Requirements

Bachelor's degree in business, accounting, finance or engineering
Minimum of 7 years' experience in business management, financial planning and budgeting, or related experience
Experience in supervisory and management capacity
Requires ability to interact with and motivate people at a variety of levels within the context of a matrix reporting structure.

Nice To Haves

MBA and professional certification in finance or accounting preferred.
Regulatory experience with capability to testify as an expert witness preferred.

Responsibilities

Responsible for operating company ongoing financial review and analysis and reporting of results relative to financial targets, including net income, return on equity, operation and maintenance expenses, capital expenditures, bond rating metrics, etc.
Coordinate operating company interfaces with Generation, Transmission, Distribution, Commercial Operations, Shared Services, Accounting and other groups, including operating company resource allocation of capital and operation and maintenance resources consistent with the Operating Company and AEP's strategies.
Directly interface with AEP financial organizations including Corporate Planning & Budgeting, Accounting, and Treasury.
Completion of operating company direct budgets and actual versus budget reporting, including coordination with AEP Utilities organization.
Support regulatory activities, including expert testimony, and financial review and analysis of case filing and business decisions.
Review and approve affiliated company services and billings.
Coordinate and review AEPSC shared service agreements and budgets.
Review, analyze, and coordinate annual operating company budget and long-range financial forecast; coordinate review of related alternative forecasts, and prepare and report analysis of variances.
Coordinate mid-year corrections to spending plans based on operating company and AEP financial and operating performance to date.
Monitor financial information including forecasts, income statements, balance sheets, cash flows, bond rating metrics, and provide insight to operating company personnel.
Coordinate preparation of annual incentive compensation plan, and ongoing reporting of results.
Coordinate with the appropriate field personnel and corporate accounting to ensure proper accounting classification of charges.
Ensure operating company adherence to AEP policies and procedures related to financial activities, including internal controls, Requisitions/Blankets, and Capital and Lease Improvements.
Coordinate and complete economic analyses of alternative business solutions to determine lowest reasonable costs for customers and reasonable returns for shareholders.
Coordinate operating company strategic plan updates and periodic reporting.
Develop financial plan for the Operating Company to achieve the goals of the strategic plan.