Financial Controls Business Analyst-Associate

AEP Service Corporation; New Albany (OH); On-site; USD 63,000 - 93,000; Full time

Job summary

American Electric Power seeks a Financial Controls Business Analyst Associate to support complex invoice processing and unvouchered liabilities. The role requires auditing contract terms, improving financial controls, and contributing data analytics for operational excellence.

The position sits on site in New Albany, Ohio. Ideal candidates have an associate or bachelor’s degree with 0–3 years (or more with an associate) in accounting/finance, and are proficient in MS Office and related financial

Qualifications

• Education: Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field.
• Experience: 0-3 years with a Bachelor's; minimum of four years with an Associate.
• Experience in accounting, finance, contract administration, budgeting, benchmarking or auditing.
• Experience 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 contract terms and conditions for labor and equipment billing rates.
• Interpret complex contractual language to apply to vendor invoices and contract reviews.
• Assist with continuous improvement and monitoring of financial controls to limit missed accruals and duplicate unvouchered liability accruals.
• Provide data analytics and assist training initiatives related to financial and operational processes.

Skills

Analytical skills

Oral/written communication

Presentation skills

Teamwork

Education

Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field

Tools

Microsoft Office

PeopleSoft Financials

Cognos

Maximo

Power BI

SQL

Workiva

Job description

Job Summary

Responsible for: invoice processing for complex contracts, unvouchered liabilities, work order administration / analysis, and administrative support activities to field employees; this position will also participate in process improvement / LEAN initiatives and training.

Job Description

What you’ll do:

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, dispute vendor invoices for contractual compliance and interpretation. 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.

What we’re looking for:

Financial Controls Business Analyst Associate SG5 Education: Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field of study Experience: 0-3 years of experience for candidates with a Bachelors degree; minimum of four years of experience with an Associates degree. Experience in one or more of the following areas, accounting, finance, contract administration, budgeting, benchmarking or auditing. Financial Controls Business Analyst SG6 Education: Associate or Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field of study Experience: Minimum of (3) three years of experience for candidates with a Bachelors degree; minimum of (6) six years of experience with an Associates degree. Experience in one or more of the following areas, accounting, finance, contract administration, budgeting, benchmarking or auditing In addition: Experience with Microsoft Office, PeopleSoft Financials, Cognos, Maximo, Power Bi, SQL and Workiva is a plus. Qualified professional with demonstrated teamwork capabilities working in a fast-paced environment. Strong commercial, analytical, oral/written communication, and presentation skills are required. Ability to successfully work with a diverse set of internal and external partners and all levels of the organization. Bring a positive attitude that embraces learning opportunities and change. Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/organizing. Annual invoice volume: 90,000 invoices for $3.0 Billion and growing; Unvouchered Liabilities for $2.0 Billion.

Where you’ll work:

This role sits on site in New Albany, Ohio

What you’ll get:

Financial Controls Business Analyst Associate SG5($63,496-$79,369) Financial Controls Business Analyst SG6($74,551-$93,188) 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.

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 American Electric Power (On-Site) $63K- $93K / Year #LI-Onsite #AEPCareers #Financialanalyst #businessanalyst Compensation Data Compensation Grade: SP20-005 Compensation Range: $63,496.00 - $93,188.50 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.

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.