Energy/Gas Settlements Analyst (Mid - Sr.) | COMMERCIAL OPERATIONS

American Electric Power•Columbus, OH

4d•$74,551 - $109,543•Onsite

About The Position

Responsible for performing settlement activities under the guidance of others. Settlement activities could include preparing invoices, communicating with counterparties, reconciling transactional data and settlement results, monitoring and executing contractual and regulatory commitments, properly documenting settlement activities and procedures, and supporting the information needs of other groups within AEP. Responsible for understanding settlement requirements and procedures for execution. Complies with all guidelines and standards, including Sarbannes-Oxley and regulatory accounting policies.

Requirements

Bachelor's degree in Business, Finance, Accounting, or relevant field. Will consider no degree with 4+ years of related industry experience in settlements, accounting, and/or commercial operations.
Minimum of two (2) years related experience in utility industry.
Experience in Microsoft Excel is required.
Adhere to Sarbanes-Oxley controls and participate in testing those controls.
Candidate must be motivated, have initiative, and be eager to excel.

Nice To Haves

Ability to work as part of a team and possess excellent time management and organization skills.

Responsibilities

Enter transaction and billing determinant data into systems.
Reconcile data between systems under the direction of others.
Prepare, administer and analyze invoice and allocation results against contractual and regulatory commitments and resolve discrepancies.
Document desktop procedures and operate settlement systems in compliance with existing desktop procedures, ensuring functions are completed according to defined schedules. Recommend and participate in implementation of process improvements.
Estimate and actualize revenue, expense, and allocations to operating companies and General Ledger accounts. Assist in analytical review of settlement results.
Maintain and organize contract files, invoices, audit requests, regulatory documentation and documentation related to the closing cycles.
Prepare basic schedules, exhibits, and documents to support regulatory filings and request for information.
Demonstrates understanding of wholesale contracts, regulatory agreements, and RTO settlements.
Demonstrates understanding of the relationship between application functions and governing agreements. Use pre-existing application functions and reporting tools to provide informational support to financial and operational functions. Develops / enhances reporting tools of limited complexity.
Participates and provides support to management for special projects.