Financial Controls Business Analyst Staff

American Electric Power•New Albany, OH

1d•$116,255 - $177,503•Onsite

About The Position

The Financial Controls Business Analyst is responsible for oversight of financial controls and contract management for AEP Transmission, as well as business services support functions for the Transmission Field Services organization. The role provides management oversight of budget management, contract administration and analysis, LEAN and process improvements, training, data analytics, and administrative support to promote prudent spending and maintain the integrity of financial and operational data. The position oversees vendor invoice review and approval for complex contract labor and services, financial controls supporting project and work order reporting, process improvement initiatives, training, audit support, special studies and reporting, automation projects, and the identification and recording of unvouchered liabilities. It provides direction to Financial Controls Business Analysts, addresses significant exceptions and issues, and monitors the accuracy, quality, and timely completion of work and corrective actions. The posting describes the Staff level (SG9) and notes that the position is posted at multiple grade levels, with higher levels carrying increased education, skill, or experience requirements. The role is onsite and requires less than 25% travel. The stated compensation range is $116,255 to $177,503.

Requirements

Bachelor’s degree in business, Finance, Accounting, Contract Administration, or a related field.
Eight years of experience in one or more of the following: accounting, finance, contract administration, contract analysis, invoice processing, budgeting, benchmarking, or auditing.
Experience with Microsoft Office.
Demonstrated teamwork capabilities and ability to work in a fast-paced environment.
Strong commercial, analytical, oral and written communication, and presentation skills.
Ability to work successfully with diverse 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 or Accounting.
Experience with PeopleSoft Financials, Business Objects, and Ventyx Asset Suite.

Responsibilities

Oversee vendor invoice review and approval for complex contract labor and services, ensuring invoice audits compare billings with contractual financial terms and conditions, including labor and equipment rates, subcontractors, materials, per diem, escalation, and overhead.
Provide guidance on complex contractual and financial terms; review significant exceptions and disputes; and ensure vendor billing issues are identified, documented, escalated, and resolved.
Oversee financial control processes supporting accurate project and work order reporting for Operating Companies, Transcos, and Joint Ventures.
Ensure financial control matters affecting subsequent transactions—including GLBUs, Accounts, AFUDC, Depreciation, and Original Cost Asset Retirements—are monitored, reviewed, and addressed.
Monitor established controls and ensure identified issues are addressed in a timely manner.
Lead process improvement initiatives, including LEAN work intended to reduce expenses, increase revenue, and improve operational effectiveness.
Set priorities and provide direction to analysts participating in improvement efforts, benchmarking studies, and data analytics; review results and promote consistent implementation of effective financial control practices.
Oversee training initiatives for financial and operational processes and associated IT applications; identify training needs and support effective training materials and practices.
Coordinate support for AEP Audit Services vendor and operational audits, ensuring accurate, complete, and timely documentation and analysis.
Review significant audit findings and compliance matters involving contractual financial terms, AEP policies, and applicable guidelines, and ensure corrective actions and follow-up are assigned, monitored, and completed.
Lead special studies, reporting activities, automation initiatives, and other projects; establish priorities, assign responsibilities, monitor progress and work quality, remove barriers, and ensure timely, accurate deliverables.
Identify opportunities to use automation, analytics, and process improvements to strengthen financial controls and organizational efficiency.
Oversee identification, review, and recording of unvouchered liabilities in accordance with accounting policies, SOX requirements, and AEP Transmission guidelines.
Ensure analysts identify and submit accruals for uninvoiced vendor services, perform required reviews, and comply with established procedures.
Monitor controls over unvouchered liabilities and direct improvements to reduce missed or duplicate accruals and improve accrual accuracy and efficiency.