Financial Controls Business Analyst Senior-Principal

American Electric Power•Fort Wayne, IN

3d•$74,551 - $128,688•Onsite

About The Position

Responsible for: contract adminstration and analysis, unvouchered liabilities, audit mitigation and reporting, work order administration / analysis, O&M and Capital budget analysis, and administrative support activities to field employees; this position will also participate in process improvement / LEAN initiatives and training. What you’ll do: Provide business and administrative support for: contract requisitions, bid packages, governance, and contract spend analyses; and creation of templates for business processes and tracking. Interpret complex contractual language and financial Terms and Conditions to apply to contract reviews; collaborate with T&D Procurement to amend contract language to improve or clarify terms and conditions. Coordinate the monthly unvouchered liabilities in accordance with accounting policies and SOX requirements ($2.0 Billion annually); ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines. Lead the development of efficiencies to record UVLs for un-invoiced vendor services performed. Lead the continuous improvement and monitoring of financial controls to limit missed accruals and duplication of UVL accruals. Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract's financial Terms and Conditions and AEP's policies and guidelines. Develop reports to support mitigation strategies and monitor on a monthly or quarterly basis. Collaborate with field personnel to ensure compliance. Perform complex work order administration activities, including set up, in-service reporting, and closing; ensure that asset retirements are properly identified for timely processing; resolve errors with Accounting, AEP Transmission Project Management, and AEP Transmission Field Services. Coordinate the field administrative support activities (i.e., time reporting, employee expense reporting, work order creation, invoice processing, etc.); Collaborate, develop, and implement standard processes for the administrative support activities. Coordinate the preparation, reporting, and analyses of monthly O&M and capital budgets. Perform/oversee system administration responsibilities for CAMPS (Contract Administration Management Payment System). Participate in process improvement initiatives related to financial and operational processes; participate in LEAN initiatives to reduce expenses or increase revenue for AEP Transmission; Assist with cost and process benchmarking studies both internal and external to AEP to ensure operational excellence. Provide data analytics as required to help manage the business. Lead or participate in training initiatives of employees and contractors related to financial and operational processes and related IT applications (e.g., Asset Suite, IPS, EcoSys) Lead or participate in special studies or projects as may be assigned.

Requirements

Associate or bachelor’s degree in business, Finance, Accounting, Contract Administration, or related field of study.
Minimum of four years of experience for candidates with a Bachelor's degree
Or minimum of six years of experience.
Experience focused on one of the following areas, accounting, finance, contract administration, budgeting, benchmarking or auditing.
Qualified professional with demonstrated teamwork capabilities working in a fast-paced environment.
Strong commercial, analytical, oral/written communication, and presentation skills are required.
Ability to successfully work with a diverse set of internal and external partners and all levels of the organization.
Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing.

Nice To Haves

Advanced degree or professional certification in Finance/Accounting is preferred but not required.
Experience with Microsoft Office, PeopleSoft Financials, Business Objects, and Ventyx Asset Suite is a plus.

Responsibilities

contract adminstration and analysis
unvouchered liabilities
audit mitigation and reporting
work order administration / analysis
O&M and Capital budget analysis
administrative support activities to field employees
participate in process improvement / LEAN initiatives and training
Provide business and administrative support for: contract requisitions, bid packages, governance, and contract spend analyses
creation of templates for business processes and tracking
Interpret complex contractual language and financial Terms and Conditions to apply to contract reviews
collaborate with T&D Procurement to amend contract language to improve or clarify terms and conditions
Coordinate the monthly unvouchered liabilities in accordance with accounting policies and SOX requirements ($2.0 Billion annually)
ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines
Lead the development of efficiencies to record UVLs for un-invoiced vendor services performed
Lead the continuous improvement and monitoring of financial controls to limit missed accruals and duplication of UVL accruals
Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract's financial Terms and Conditions and AEP's policies and guidelines
Develop reports to support mitigation strategies and monitor on a monthly or quarterly basis
Collaborate with field personnel to ensure compliance
Perform complex work order administration activities, including set up, in-service reporting, and closing
ensure that asset retirements are properly identified for timely processing
resolve errors with Accounting, AEP Transmission Project Management, and AEP Transmission Field Services
Coordinate the field administrative support activities (i.e., time reporting, employee expense reporting, work order creation, invoice processing, etc.)
Collaborate, develop, and implement standard processes for the administrative support activities
Coordinate the preparation, reporting, and analyses of monthly O&M and capital budgets
Perform/oversee system administration responsibilities for CAMPS (Contract Administration Management Payment System)
Participate in process improvement initiatives related to financial and operational processes
participate in LEAN initiatives to reduce expenses or increase revenue for AEP Transmission
Assist with cost and process benchmarking studies both internal and external to AEP to ensure operational excellence
Provide data analytics as required to help manage the business
Lead or participate in training initiatives of employees and contractors related to financial and operational processes and related IT applications (e.g., Asset Suite, IPS, EcoSys)
Lead or participate in special studies or projects as may be assigned