Budget Analyst Associate - Budget Analyst Sr.

AEP; Indiana; Hybrid; USD 54,000 - 110,000; Full time

Job summary

AEP is seeking a Budget Analyst Associate to support O&M and capital budgeting, forecasting, and reporting across business units. The role involves handling planning applications, billing/allocation processes, and improving standard budgeting procedures.

The position requires collaboration with corporate finance, budgeting, and operating company finance, with emphasis on data reporting and analytics using Power BI, Excel, and PeopleSoft.

Qualifications

• Bachelor's degree in Business, Accounting, Finance or Engineering.
• Associates degree in Business, Accounting, Finance or Engineering with relevant experience.
• Experience in budgeting, forecasting, and standard/ad-hoc reporting preferred.
• Familiarity with UI Budgets and financial systems desirable.

Responsibilities

• Support O&M and capital budgeting processes, including reprojections and variances.
• Prepare monthly and quarterly variance reports.
• Create ad-hoc reports to support analysis and decision-making.
• Assist in planning, budgeting, and reporting application processes.

Skills

Power BI

Excel

Data reporting

Variance analysis

Education

Bachelor's degree in Business, Accounting, Finance or Engineering

Associates degree in Business, Accounting, Finance or Engineering

Tools

PeopleSoft

Microsoft Office

Business Objects

Job description

Budget Analyst Associate - Budget Analyst Sr.

Location: Ft. Wayne, IN

Category : Accounting & Finance

Job Summary

Assist with the support of the O&M and/or Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and/or the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing assistance with related planning, budgeting and reporting applications and the billing/allocation processes.

Job Description

Support the O&M and Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing support related to planning, budgeting and reporting applications and the billing/allocation processes.

What you'll do:

• Support the planning and budgeting activities for the O&M and Capital resource allocation process; including long-range forecasts, detail budgets, re-projections and contingency plans.
• Prepare monthly and quarterly variance reports
• Prepare ad-hoc reports as needed to support analysis.
• Support decisions and analysis affecting operations and maintenance activities, capital investment, customer service, and profitability objections.
• Assist in routing and approval process for Improvement Requisition; ensuring that Authorization Policy and IR Procedures are followed
• Engage in developing and improving standardized processes surrounding budgeting, forecasting, reporting, and improvement requisitions.
• Perform special studies, analysis, investigations, and assignments as may be required.
• Provide assistance in responding to regulatory and other data requests.
• Assist in Financial Forecasting process alongside OPCO / Business Units within I&M it relates to Capital and O&M expenditures to resolve any potential issues.

What we're looking for:

Note: This position is posted at multiple grade levels and offers a range of opportunities for advancement. The minimum qualifications outlined below apply to the Budget Analyst Associate level, with increased educational, skill, experience and certification requirements for higher levels of Budget Analyst.

Budget Analyst Associate - Grade 4

Minimum Requirements:

• Bachelor's degree in Business, Accounting, Finance, or Engineering.
• No experience necessary.

Other Requirements:

• Physical demand level is Sedentary
• Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition
• Prior experience in a functional Business Unit (Generation, Transmission, or Distribution), and/or Corporate Finance and/or Operating Company finance, and/or engineering related field is preferred. Knowledge/utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting desired.
• This position requires coordination with corporate finance, corporate planning & budgeting, accounting/tax, commercial operations, generation and transmission, regulatory, requiring the incumbent to work across functional boundaries.
• Familiarity with AEP accounting and use of Chartfields desired.

Budget Analyst - Grade 6

Minimum Requirements:

• Bachelor's degree in Business, Accounting, Finance or Engineering along with 1 year of relevant experience. Or;
• Associates degree in Business, Accounting, Finance or Engineering along with a minimum of 3 years or relevant experience.

Other Requirements:

• Physical demand level is Sedentary
• Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition.
• Prior experience in a functional Business Unit (Generation, Transmission, or Distribution), and/or Corporate Finance and/or Operating Company finance, and/or engineering related field is preferred. Knowledge/utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting desired.
• This position requires coordination with corporate finance, corporate planning & budgeting, accounting/tax, commercial operations, generation and transmission, regulatory, requiring the incumbent to work across functional boundaries. Familiarity with AEP accounting and use of Chartfields desired.

Budget Analyst Sr. - Grade 7

Minimum Requirements:

• Bachelor's degree in Business, Accounting, Finance or Engineering along with a minimum of 4 years of relevant experience. Or;
• Associates degree in Business, Accounting, Finance or Engineering along with a minimum of 6 years or relevant experience.

Other Requirements:

• Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition These are additional expectations for the job and could include specific work experience, license / certifications, preemployment testing, expectations about travel, shift work, etc.
• Prior experience in a functional Business Unit (Generation, Transmission, or Distribution), and/or Corporate Finance and/or Operating Company finance, and/or engineering related field is preferred. Knowledge/utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting desired.
• This position requires coordination with corporate finance, corporate planning & budgeting, accounting/tax, commercial operations, generation and transmission, regulatory, requiring the incumbent to work across functional boundaries.
• Familiarity with AEP accounting and use of Chartfields desired.

Preferred Skills: Prior experience or strong demonstrated knowledge of PowerBi, Excel, Data Reporting via Systems, and Variance Analysis with prior utility company experience.

What you'll get:

In addition to base salary, AEP offers competitive total rewards including: discretionary annual/long-term incentives, 401(k), pension, health insurance, vacation, educational assistance, etc.

Where Putting the Customer First Powers Everything We Do

At AEP, we’re more than just an energy company — we’re a team of dedicated professionals committed to delivering safe, reliable, and innovative energy solutions. Guided by our mission to put the customer first, we strive to exceed expectations by listening, responding, and continuously improving the way we serve our communities. If you're passionate about making a meaningful impact and being part of a forward-thinking organization, this is the company for you!

Compensation

$54,063.00 - $109,544.00

Physical Demands

The Physical Demand Level for this job is: S – Sedentary Work: Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently. (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

Equal Employment Opportunity

It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all respects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law. When required by law, we might record certain information or applicants for employment may be invited to voluntarily disclose protected characteristics.

“AEP offers an outstanding group of people to be a part of. The AEP culture values your integrity and awards your hard work.”

The Director of Economic & Large Load Forecasting serves as the primary coordinator and strategic advisor for AEP's growing portfolio of large-load opportunities, including data centers, advanced manufacturing, and other economic development projects. To succeed in the role, the Director will need to be an exceptional communicator with the ability to influence and align stakeholders across all levels of the organization. They will own the governance processes used to track and communicate large-load opportunities while ensuring leaders have the information necessary to make timely decisions and maintain speed-to-power. They will also provide leadership for economic and large-load forecasting activities while partnering with other stakeholders to ensure a clear understanding of emerging demand trends, customer commitments, infrastructure requirements, and associated business risks.

Direct all activities pertaining to the Risk and Insurance Management Department, including all insurance procurement and risk financing, captive insurance oversight, risk control of physical hazard risks, property insurance claims, public liability claims and recovery/subrogation claims. Develop and maintain risk management, risk financing, claim and risk control policies and procedures for the effective and efficient financial protection of corporate assets. Supervise a department of 15 people and multiple external vendors including brokers, actuaries, loss control consultants and others.

Assist in preparation of financial forecasts, variance analyses and regulatory filings.

AEP offers generous time off, competitive pay, and educational opportunities to help employees advance their careers.

Our culture is purpose-driven and team-oriented: we combine innovation with a customer-first focus to deliver reliable energy and brighter futures.