Senior Analyst
Job description
#LI-REMOTE
NOTE: This is a remote position; however, it is preferred that candidates reside within Columbus, OH metropolitan area for occasional onsite work from AEP Corporate Headquarters.
Please note that Education and/or relevant Experience will be used to determine the appropriate salary and salary grade.
Settlements Analyst
Settlements Analyst, Sr
Responsible for independently performing settlement activities, including preparing invoices, communicating with counterparties, analyzing transactional data and settlement results, monitoring and executing contractual and regulatory commitments, properly documenting settlement activities and procedures, supporting the information needs of other groups within AEP, and providing advanced level analysis of complex issues. Responsible for understanding settlement requirements and procedures and market protocols. Complies with all guidelines and standards, including Sarbanes-Oxley and regulatory accounting policies. This position is also responsible for participating in research and analysis for various special projects for all of Commercial Services.
Principal Accountabilities
2. Reconcile data between systems.
3. Prepare, administer, and analyze invoice and allocation results against contractual and regulatory commitments and resolve discrepancies.
4. Document desktop procedures and operate settlement systems in compliance with existing desktop procedures, ensuring functions are completed according to defined schedules. Recommend and facilitate implementation of process improvements. Serve as a primary representative on Business Unit and IT projects.
5. Estimate and actualize revenue, expense, and allocations to operating companies and General Ledger accounts. Review and analyze settlement results for accuracy and reasonableness.
6. Maintain and organize contract files, invoices, audit requests, regulatory documentation and documentation related to the closing cycles.
7. Prepare and analyze schedules, exhibits, and documents to support regulatory filings and request for information.
8. Demonstrate advanced level understanding of wholesale contracts, regulatory agreements, and RTO
settlements. Research settlement issues and resolve problems.
9. Demonstrate understanding of the relationship between application functions and governing agreements. Use pre-existing application functions and reporting tools to provide informational support to financial and operational functions. Develop/enhance reporting tools of moderate complexity using PL/SQL, SQL Server, Excel, and other tools.
10. Ensure adherence to established guidelines and standards, including Sarbanes-Oxley (SOX) and regulatory accounting policies
11. Participate in and coordinate special projects to support to management and organizational needs.
12. Demonstrate the ability to effectivity collaborate and work with groups outside of the settlement group (i.e.
Accounting, Regulatory, Operations, and etc.).
Job Type
Relocation
Annual Salary From (Min)
Annual Salary To (Mid)
Minimum Requirements
Settlements Analyst
Education
Bachelor's degree in Business, Finance, Accounting, or relevant field. Will consider no degree with 4+ years of related industry experience in settlements, accounting, and/or commercial operations.
Work Experience
Minimum of 2 years related experience in utility industry. Exhibits strong financial, analytical, and communication skills.
Settlements Analyst, Sr
Education
Bachelor's degree in Business, Finance, Accounting, or relevant field. Will consider no degree with 8+ years of related industry experience in settlements, accounting, and/or commercial operations.
Work Experience
Minimum of 4 years related experience in utility industry. Exhibits strong financial, analytical, and communication skills.
Additional Information
Preferred talents are:
Experienced in the energy industry.
Familiar with or interested in query data using applications such as PL/SQL, SQL Server, Excel, and vendor applications as this is an expected job duty.
Familiar with PeopleSoft and the general ledger highly desirable.
Experience with VBA, MS Office suite, SharePoint, etc. to support efficiency efforts and data analysis is preferred.
Geographic Proximity
Work Designation
colinoncars.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, colinoncars.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, colinoncars.com is the ideal place to find your next job.