Financial Analyst Lead

AEP Service Corporation; City of Albany (NY); On-site; USD 116,000 - 178,000; Full time

Job summary

AEP Service Corporation is seeking an experienced finance leader to drive forecasting, variance analysis, and regulatory reporting in a complex utility environment. You will mentor staff, prepare executive-level analyses, and improve processes for greater accuracy and efficiency.

Qualified candidates bring 8+ years in energy/utility finance, a quantitative degree, and strong communication skills. This role emphasizes strategic thinking and cross-functional collaboration across corporate finance

Qualifications

• Bachelor's degree in finance, accounting, mathematics, or a related quantitative field is required.
• Work Experience Requirement: 8+ years in the energy/utility sector; familiarity with AEP accounting is advantageous.
• MBA, CPA, CMA, CIA, PE, CFP or similar certification preferred.

Responsibilities

• Initiate, formulate and develop assumptions for financial forecasts with operating personnel.
• Perform monthly/quarterly variance reporting and analysis of budget vs. actual results.
• Develop/manage staff and mentor departmental analysts.
• Prepare reports to executive management and the Board of Directors as required.
• Identify opportunities for process improvement, cost savings and revenue enhancement.
• Develop and maintain sophisticated financial models including pro forma income statements and scenario analyses.
• Improve financial analysis processes by increasing automation and clarity of insights.
• Apply deep utility finance and regulatory expertise, including FERC formula rates and ratemaking.

Skills

Leadership

Presentation

Communication

Strategic Thinking

Relationship Building

Adaptability

Customer Focus

Planning

Organizing

Education

Bachelor's degree in finance/accounting/math

MBA or professional certification preferred

Tools

Microsoft Office

UI Financial Model Programming

PeopleSoft

Business Objects

Job description

Job Posting End Date

Job Posting End Date 11-07-2026 Please note the job posting will close on the day before the posting end date.

Job Summary

Prepare financial forecasts, variance analyses, regulatory filings, and ad hoc analysis of strategic opportunities. Analyze and make recommendations on regulatory and general business strategy. Develop/manage staff. This position requires a combination of high-level skills, experience and education as defined below.

What You Will Do

Initiate, formulate and develop assumptions for financial forecasts, in conjunction with operating company/business segment personnel, using corporate financial models including the identification of significant strategic issues and alternative and/or contingency plans.

Perform monthly/quarterly variance reporting and analysis of budget vs. actual results and actual vs. prior year results on a consolidated or segment level for the primary purpose of improving future forecasts. This analysis will also aid operating companies in understanding their financial results and assist Financial Reporting in SEC reporting.

Develop/manage staff where applicable and serve as an example/advisor/mentor to departmental analysts.

Prepare and make reports to executive management and Board of Directors as assigned or required.

Identify and implement opportunities for process improvement, cost savings and revenue enhancement.

Develop, maintain, and enhance sophisticated financial models, including pro forma income statements, scenario modeling, and sensitivity analyses that evaluate financial outcomes, risks, and key business drivers.

Improve and innovate financial analysis processes by identifying opportunities for greater automation, consistency, accuracy, and efficiency, while translating complex financial and operational data into actionable business insights.

Apply deep utility finance and regulatory expertise, including a strong understanding of FERC formula rates and ratemaking, O&M budgeting, cost allocation, and the financial impacts of operational and investment decisions.

Bring strong analytical judgment and intellectual curiosity, with the ability to work independently, challenge assumptions, solve complex problems, and communicate findings effectively.

What You Will Need

A bachelor’s degree in finance, accounting, mathematics, or a related quantitative field is required; MBA, CPA, CMA, CIA, PE, CFP or other professional certification preferred.

Work Experience Requirement: 8 or more years of work experience in the energy and/or utility sector Familiarity with AEP accounting desired.

Other Requirements

This position requires extensive coordination with corporate finance, corporate planning & budgeting, accounting/tax, transmission, regulatory; requiring the incumbent to work across functional boundaries and operating companies.

Qualities / Skills

• Effective Leadership Skills
• Presentation Skills
• Proficient in Microsoft Office, UI Financial Model Programming, PeopleSoft, and Business Objects
• Ability to communicate clearly, concisely and comfortably with all levels of the organization
• Strategic Thinking
• Relationship building
• Adaptability/Flexibility
• Customer Focus
• Planning/Organizing Skills

Compensation Data

• Compensation Grade: SP20-009
• Compensation Range: $116,255.00 - $177,503.00

Physical Demand Level

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.

Where Putting The Customer First, Powers Everything We Do.

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.

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!

Equal Employment Opportunity Statement

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.

About Us

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.