Budget Analyst Sr

SouthWestern Electric Power Co; Shreveport (LA); On-site; USD 88,000 - 151,000; Full time

Job summary

American Electric Power (AEP) is seeking a Budget Analyst Sr to support O&M and Capital budgeting for multiple business units and operating companies, including reprojections, variance analyses, and ad-hoc reporting.

The role emphasizes collaboration with corporate finance, planning and budgeting, and regulatory teams, with a focus on improving budgeting processes and financial modeling. Based in Shreveport, LA, it offers a pathway across multiple groups within AEP.

Qualifications

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

Responsibilities

• 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/quarterly variance reports and provide meaningful analysis of drivers
• Prepare ad-hoc reports as needed to support analysis
• Support decisions affecting operation and maintenance activities, capital investment, customer service levels, and profitability objectives
• Assist in routing and approval process for Improvement Requisitions; 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 regulatory proceedings related to financial matters including information for data requests, developing revenue requirements, special studies for Commissions, etc.
• Supports Financial Model issues and works with Financial Forecasting and the OPCO/BU(s) to resolve potential issues

Skills

Budgeting

Forecasting

Financial analysis

Communication

Teamwork

Education

Bachelor's degree in Business/Accounting/Finance/Engineering

Associate degree in Business/Accounting/Finance/Engineering

Tools

UI Budgets

PeopleSoft

Microsoft Office

Business Objects

Job description

Job Summary

Supports the O&M and Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and analysis, and the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing support of the related planning, budgeting and reporting applications and the billing/allocation processes. Note: A Sr. budget analyst will be required to support all activities and will typically support multiple groups.

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/quarterly variance reports and provide meaningful analysis of drivers.
• Prepare ad-hoc reports as needed to support analysis.
• Support decisions affecting operation and maintenance activities, capital investment, customer service levels, and profitability objectives.
• Assist in routing and approval process for Improvement Requisitions; 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 regulatory proceedings related to financial matters including information for data requests, developing revenue requirements, special studies for Commissions, etc.
• Supports Financial Model issues and works with Financial Forecasting and the OPCO/BU(s) to resolve potential issues.

What We're Looking For

• Bachelors 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.
• 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.
• 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.

Where You'll Work

Shreveport, LA

What You'll Get For A Budget Analyst Sr

$87,633 - $131,453

What You'll Get For A Budget Analyst Prin

$98,993 - $158,383

What You'll Get For A Budget Analyst Staff

$116,255 - $186,010

Benefits

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

Compensation Details

Compensation Grade: SP20-007 Compensation Range: $87,633.00 - $151,132.50

Physical Demand

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.

Company Culture

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!

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.

At American Electric Power, we provide more than electricity to our millions of customers - we energize possibilities. We're redefining the future of energy by reducing our carbon footprint, empowering the communities we serve and building an engaged, talented workforce. All while delivering the reliable service our customers expect. It's an exciting time in the energy industry. Are you ready to be part of it? We're looking for team members to help create the grid of the future. Learn more about our commitment to creating a supportive, inclusive work culture that values different experiences.