Financial Controls Analyst: Process Optimization & Analytics

AEP; New Albany, Northern (OH, KY); Hybrid; USD 63,000 - 93,000; Full time

Job summary

American Electric Power (AEP) in New Albany, Ohio, seeks a Financial Controls Analyst Associate/SG5/SG6 to manage complex vendor invoices, audit terms, and ensure strong financial controls for projects and work orders. The role includes LEAN process improvements and training support.

Responsibilities cover contract compliance, data analytics, and collaboration with Audit Services to ensure SOX-aligned processes. On-site at New Albany, Ohio location.

Qualifications

• Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field.
• Experience: 0-3 years with a Bachelor's; minimum of 4 years with an Associate.
• Experience in accounting, finance, contract administration, budgeting, benchmarking or auditing.
• Proficiency with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, Power BI, SQL and Workiva is a plus.

Responsibilities

• Process complex vendor invoices for management approval for contract labor and services.
• Perform invoice audit review per the contract's financial Terms and Conditions for labor and equipment billing rates, subcontractors, materials, Per Diem, escalation, overheads, etc.
• Interpret and understand complex contractual language and financial Terms and Conditions to apply to vendor invoices and contract reviews.
• Help ensure that the proper financial controls are in place for accurate project / work order reporting for Operating Companies, Transcos, and Joint Ventures for subsequent financial transactions (e.g. GLBUs, Accounts, AFUDC, Depreciation, Original Cost Asset Retirements, etc.).
• Participate in process improvement initiatives related to financial and operational processes; participate in LEAN initiatives to reduce expenses or increase revenue for AEP Transmission; Assist with cost and process benchmarking studies both internal and external to AEP to ensure operational excellence.
• Provide data analytics as required to help manage the business.
• Assist with training initiatives related to financial and operational processes and related IT applications.
• Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract's financial Terms and Conditions and AEP's policies and guidelines.
• Participate in special studies, reporting, automation initiatives or other projects as may be assigned.
• Identify and submit unvouchered liabilities in accordance with accounting policies and SOX requirements; ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines.
• Assist in developing efficiencies to record unvouchered liabilities for un-invoiced vendor services performed.
• Assist in continuous improvement and monitoring of financial controls to limit missed accruals and duplication of unvouchered liability accruals.

Skills

Microsoft Office

Analytical skills

Communication skills

Presentation skills

Teamwork

Education

Bachelor's degree in Business/Finance

Associate degree in Business/Finance

Tools

PeopleSoft Financials

Cognos

Maximo

Power BI

SQL

Workiva

Job description

American Electric Power (AEP) in New Albany, Ohio, seeks a Financial Controls Analyst Associate/SG5/SG6 to manage complex vendor invoices, audit terms, and ensure strong financial controls for projects and work orders. The role includes LEAN process improvements and training support.

Responsibilities cover contract compliance, data analytics, and collaboration with Audit Services to ensure SOX-aligned processes. On-site at New Albany, Ohio location.