Budget Analyst Sr - Budget Analyst Staff

AEP; Northern (KY); Hybrid; USD 88,000 - 151,000; Full time

Benefits offered by this job

Discretionary incentives

401(k) plan

Pension

Health insurance

Educational assistance

Vacation

Job summary

AEP in Kentucky is seeking a Budget Analyst to support O&M and Capital budgeting, reprojections, variance analysis, and related planning and reporting activities across business units.

Responsibilities include monthly/quarterly variance reports, ad-hoc analyses, and coordinating improvement requisitions, with emphasis on cross-functional collaboration and compliance with policies. This role offers growth across multiple grades with strong performance incentives.

Qualifications

• Bachelor's degree in Business, Accounting, Finance or Engineering or equivalent
• 4+ years of relevant experience (or 6+ with Associate degree)
• Knowledge of UI Budgets, PeopleSoft, Business Objects reporting desired
• Ability to coordinate across corporate finance, budgeting, accounting and regulatory teams
• Experience in budgeting, forecasting and variance analysis preferred

Responsibilities

• Support O&M and Capital budgeting, reprojections and variance analysis across units
• Prepare monthly/quarterly variance reports and provide analysis of drivers
• Produce ad-hoc reports to support analysis
• Assist in routing/approving Improvement Requisitions complying with policy
• Develop and improve budgeting/forecasting/reporting processes
• Provide regulatory data responses and collaborate with OPCO/business units

Skills

Communication

Teamwork

Initiative

Adaptability

Client Focus

Creativity

Planning/Organizing

Business Understanding

Power BI

Excel

Data Reporting

Variance Analysis

Education

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

Associate's degree in Business/Accounting/Finance or Engineering

Tools

UI Budgets

PeopleSoft

Business Objects

Microsoft Office

Job description

**Job Summary**Supports O&M and/or Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and analysis, and/or 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 budget analyst will provide more limited support, either in activities performed or in groups supported.**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 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 responding to regulatory and other data requests.* Support the Financial Forecasting process alongside OPCO / Business Units within I&M as it relates to Capital and O&M expenditures to resolve any potential issues.* At higher levels within the Budget Analyst job family, individuals may assume increasing responsibility for budgeting, forecasting, and financial planning activities supporting complex organizations and investment portfolios; provide strategic financial guidance to leadership; and influence significant resource allocation and investment decisions. **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 Senior level, with increased educational, skill, experience and certification requirements for higher levels of Budget Analyst Staff.* **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.**Budget Analyst Prin - Grade 8**Minimum Requirements:* Bachelor's degree in business, Accounting, Finance or Engineering along with a minimum of 6 years of relevant experience. Or;* Associate's degree in business, Accounting, Finance or Engineering along with a minimum of 8 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 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.**Budget Analyst Staff**Minimum Requirements:* Bachelor's degree in business, Accounting, Finance, or Engineering* 8 or more years of relevant experienceOther Requirements:* Physical demand level is Sedentary* 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: Prior experience or strong demonstrated knowledge of PowerBi, Excel, Data Reporting via Systems, and Variance Analysis. Prior utility and/or project controls experience is a plus. **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 Data****Compensation Grade:**SP20-007**Compensation Range:**$87,633.00 - $151,132.00The 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.