Financial Analyst- Financial Analyst Staff
About The Position
AEP is hiring at multiple grade levels: Financial Analyst, Financial Analyst Senior, and Financial Analyst Staff. The position supports preparation of financial forecasts, variance analyses, and regulatory filings. Responsibilities and qualifications vary by level, with greater experience, responsibility, and leadership expectations at the Senior and Staff levels. The Staff-level role develops assumptions for forecasts with operating company and business-segment personnel, performs consolidated or segment-level financial analysis, supports rate-case preparation and regulatory proceedings, and evaluates corporate business opportunities. It may also involve developing and mentoring staff, reporting to executive management and the Board of Directors, and implementing process improvements. The role requires extensive coordination across corporate finance, planning and budgeting, accounting and tax, commercial operations, generation and transmission, regulatory, and operating companies. The position is sedentary. The stated physical-demand definition describes work involving sitting most of the time, with occasional walking or standing and exertion of up to 10 pounds occasionally. Compensation is listed as $63,496.00–$151,132.50. AEP describes its benefits package as comprehensive and intended to support employee well-being, in addition to competitive compensation.
Requirements
- Bachelor’s degree in business, accounting, finance, or engineering.
- Eight or more years of work experience in the disciplines listed in the education requirements.
- Proficiency in Microsoft Office, UI Financial Model Programming, PeopleSoft, and Business Objects.
- Ability to communicate clearly, concisely, and comfortably with all levels of the organization.
- Effective leadership and presentation skills.
- Strategic thinking, relationship building, teamwork, adaptability and flexibility, customer focus, and planning and organizing skills.
- Ability to coordinate extensively across corporate finance, corporate planning and budgeting, accounting and tax, commercial operations, generation and transmission, regulatory, and operating companies.
Nice To Haves
- Familiarity with AEP accounting.
- MBA, CPA, CMA, CIA, PE, CFP, or another professional certification.
Responsibilities
- Initiate, formulate, and develop assumptions for financial forecasts with operating company and business-segment personnel using corporate financial models.
- Identify significant strategic issues and alternative or contingency plans during financial forecasting.
- Perform monthly and quarterly variance reporting and analysis of budget versus actual results and actual versus prior-year results on a consolidated or segment level to improve future forecasts, help operating companies understand financial results, and assist Financial Reporting with SEC reporting.
- Identify needed rate relief and recommend its timing and amount.
- Develop and prepare pro forma rate-case data and testimony, assist witnesses in preparing testimony, and serve as a witness in certain fuel or tracker proceedings as required.
- Develop and manage staff where applicable, and serve as an example, advisor, and mentor to departmental analysts.
- Prepare and make reports to executive management and the Board of Directors as assigned or required.
- Develop strategic evaluations of corporate business opportunities, including acquisition and divestiture opportunities, and make recommendations based on the evaluations.
- Identify and implement opportunities for process improvement, cost savings, and revenue enhancement.
Benefits
- AEP describes its benefits package as comprehensive and intended to support and enhance employee well-being; competitive compensation is also mentioned.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
