Financial Analyst Senior

American Electric Power•New Albany, OH

4d•$87,633 - $109,543

About The Position

The Senior Financial Analyst prepares variance analyses, reviews vendor financial contracts, provides training, and conducts ad hoc analyses of strategic opportunities. The role seeks out opportunities and areas for learning that increase organizational value, and works collaboratively in an office environment with internal groups and external vendors. The analyst plans and performs vendor contract financial reviews, checking rates, billing periods, quantities, taxes, discounts, holdbacks or retainage, and contract line items against Master Contracts, Change Orders, and Purchase Orders. The role also performs complex reviews with minimal supervision, analyzes and recommends improvements to Financial Controls review processes, reports regularly to management and the team, provides backup support for areas such as SOX reporting and UVL processes, and identifies opportunities for process improvement, cost savings, and revenue enhancement.

Requirements

Bachelor's degree; preferred majors include accounting, finance, economics, business administration, or engineering.
Four or more years of work experience in the disciplines mentioned in the education requirement.
Proficiency in Microsoft Office, PeopleSoft, Maximo, and COGNOS.
Familiarity with contract language and Procurement policies.
Ability to communicate clearly, concisely, and comfortably with all levels of the organization.
Strategic thinking, relationship-building, teamwork, adaptability and flexibility, customer focus, and planning and organizing skills.

Nice To Haves

Exposure to CAA, PowerBI, SQL, and Workiva.

Responsibilities

Plan and perform vendor contract financial reviews, verifying rates, billing periods, quantities, taxes, discounts, holdbacks or retainage, and contract line items against Master Contracts, Change Orders, and Purchase Orders.
Perform complex reviews with minimal supervision.
Analyze Financial Controls financial review processes and provide recommendations.
Collaborate across AEP and with external vendors.
Provide regular reports to management and the team to improve understanding of processes.
Assist with backup duties for Financial Controls areas, including SOX reporting and UVL processes.
Identify opportunities for process improvement, cost savings, and revenue enhancement.
Prepare variance analyses, provide training, and conduct ad hoc analysis of strategic opportunities.