Financial Analyst Principal - Consolidated Reporting & Analysis

AEP Service Corporation; United States; On-site; USD 99,000 - 129,000; Full time

Job summary

American Electric Power is seeking a Financial Analyst Principal to prepare forecasts and variance analyses with a focus on consolidated reporting. Additional duties include analyzing and making recommendations on regulatory and general business strategy as well as ad hoc analysis of strategic opportunities.

Education: Bachelor’s Degree; 6+ years of experience; must have strong presentation skills and proficiency in Microsoft Office, UI Financial Model, PeopleSoft, and Business Objects.

Qualifications

• Bachelor’s Degree in a related field; 6+ years of experience in finance/analyst roles.
• Strong presentation and communication skills across all levels of the organization.
• Proficiency with Microsoft Office, financial models, and business intelligence tools.
• Strategic thinking, relationship building and teamwork are essential.

Responsibilities

• Prepare financial forecasts and variance analyses for consolidated reporting.
• Conduct monthly/quarterly variance analyses and budgeting vs actual reviews.
• Support SEC reporting and provide insights for strategic opportunities.
• Identify rate changes and track forecasts for operating companies and segments.
• Develop stories on earnings drivers for senior management and board.
• Evaluate corporate opportunities and suggest data-driven recommendations.
• Identify cost savings and revenue enhancement opportunities.
• Assist training of junior analysts.

Skills

Presentation Skills

Communication

Strategic Thinking

Relationship Building

Teamwork

Education

Bachelor's Degree

Majors: accounting, finance, economics, business administration or engineering

Tools

Microsoft Office

UI Financial Model

PeopleSoft

Business Objects

Job description

Job Summary

The Financial Analyst Principal prepares financial forecasts and variance analyses with a focus on consolidated reporting. Additional duties include analyzing and making recommendations on regulatory and general business strategy as well as ad hoc analysis of strategic opportunities.

What You’ll Do

• Initiate and formulate financial forecasts, in conjunction with operating company 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 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.
• Identify needed customer rate changes and make recommendations for the timing and amount.
• Track and evaluate operating company, segment, and consolidated forecasts including the compilation of intra-year estimates.
• Develop and articulate compelling stories supporting key earnings drivers for senior management and the board of directors.
• Develop special strategic evaluations of corporate business opportunities and assist in making recommendations based upon the results of the evaluations.
• Identify opportunities for process improvement, cost savings and revenue enhancement.
• Assist management in training new analysts.

What We’re Looking For

Education requirements are listed below: Bachelor’s Degree, preferred majors include accounting, finance, economics, business administration or engineering.

Work Experience requirement listed below: 6 or more years of work experience in the disciplines mentioned in the education requirement.

• Presentation Skills.
• Proficient in Microsoft Office, UI Financial Model, PeopleSoft, and Business Objects.
• Ability to communicate clearly, concisely and comfortably with all levels of the organization.
• Strategic Thinking.
• Relationship building.
• Teamwork.

What You’ll Get

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.

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: SP20-008

Compensation Range: $98,993.00 - $128,688.00

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 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.

Company Culture

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.