Financial Controls Business Analyst-Associate

American Electric Power • New Albany, OH

1d • $63,496 - $93,189 • Onsite

About The Position

Responsible for: invoice processing for complex contracts, unvouchered liabilities, work order administration / analysis, and administrative support activities to field employees; this position will also participate in process improvement / LEAN initiatives and training.

Requirements

• Financial Controls Business Analyst Associate SG5 Education: Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field of study Experience: 0-3 years of experience for candidates with a Bachelors degree; minimum of four years of experience with an Associates degree. Experience in one or more of the following areas, accounting, finance, contract administration, budgeting, benchmarking or auditing.
• Financial Controls Business Analyst SG6 Education: Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field of study Experience: Minimum of (3) three years of experience for candidates with a Bachelors degree; minimum of (6) six years of experience with an Associates degree. Experience in one or more 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.
• Bring a positive attitude that embraces learning opportunities and change.
• Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing.

Nice To Haves

• Experience with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, Power Bi, SQL and Workiva is a plus.

Responsibilities

• Process complex vendor invoices for management approval for contract labor and services.
• Perform invoice audit review per the contract's financial Terms and Conditions for labor and equipment billing rates, subcontractors, materials, Per Diem, escalation, overheads, etc.
• Interpret and understand complex contractual language and financial Terms and Conditions to apply to vendor invoices and contract reviews, dispute vendor invoices for contractual compliance and interpretation.
• Help ensure that the proper financial controls are in place for accurate project / work order reporting for Operating Companies, Transcos, and Joint Ventures for subsequent financial transactions (e.g. GLBUs, Accounts, AFUDC, Depreciation, Original Cost Asset Retirements, etc.).
• 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.
• Assist with training initiatives related to financial and operational processes and related IT applications.
• 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.
• Participate in special studies, reporting, automation initiatives or other projects as may be assigned.
• Identify and submit unvouchered liabilities in accordance with accounting policies and SOX requirements; ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines.
• Assist in developing efficiencies to record unvouchered liabilities for un-invoiced vendor services performed.
• Assist in continuous improvement and monitoring of financial controls to limit missed accruals and duplication of unvouchered liability accruals.

Benefits

• In addition to competitive compensation, AEP offers a unique comprehensive benefits package that aims to support and enhance the overall well-being of our employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees