American Electric Power

Budget Analyst

LocationColumbus, OH
Job Typefull_time
Salary$72,380-$90,474

About This Job

Job Posting End Date

06-26-2025

Please note the job posting will close on the day before the posting end date.

Job Summary

We are seeking a detailed-oriented and tech-savvy Budget Analyst to join our dynamic team and assist in the financial planning and analysis of our company. The ideal candidate will possess a strong analytical mindset, exceptional problem-solving skills, and a passion for utilizing technology to optimize budgeting processes. As a Budget Analyst, you will play a crucial role in ensuring our financial stability and success by analyzing and monitoring our budgets, identifying areas for improvement, and provide strategic recommendations. We are looking for an individual with strong analytical skills, excellent communication abilities, advanced knowledge of Power Platform and other software, and the ability to work effectively with multiple stakeholders. To excel in this role, you must be results driven, highly organized, detail-oriented, results-driven, have strong problem-solving skills, and be able to work independently with minimal supervision. If this sounds like you, we encourage you to apply and join our team where you can grow your career by gaining exposure to Finance, Regulatory, Accounting, Operating Companies, Business Units and help inform and influence the financial and strategic success of AEP.

Job Description

AEP Energy is seeking talented and motivated Budget Analyst to become an integral part of our Planning, Analysis, & Reporting team.

Support Planning and Budgeting: Assist in O&M and Capital resource allocation, including forecasts, budgets, re-projections, and contingency plans.

Variance Reporting: Prepare monthly/quarterly reports analyzing variances and their drivers.
Ad-hoc Reporting: Create reports as needed for analysis support.
Process Development: Work on improving standardized processes for budgeting, forecasting, reporting, and improvement requisitions. Utilize financial software applications to streamline budgeting processes and enhance data accuracy, including data visualization tools.
Operational Support: Aid in decisions regarding operations, maintenance, capital investments, customer service, and profitability.
Improvement Requisitions: Help in the routing and approval of Improvement Requisitions, ensuring adherence to policies and procedures.
Process Development: Work on improving standardized processes for budgeting, forecasting, reporting, and requisitions.
Special Studies: Conduct analyses, investigations, and special assignments as required.
Regulatory Assistance: Provide support in financial regulatory matters, including data requests and revenue requirements.
Financial Model Support: Address financial model issues and collaborate with forecasting teams and business units to resolve potential problems.


What We’re Looking For:

Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition These are additional expectations for the job and could include specific work experience, license / certifications, preemployment testing, expectations about travel, shift work, etc.
Preferred Experience: Prior experience in Business Unit (Generation, Transmission, or Distribution), Corporate Finance, Operating Company finance, or engineering. Familiarity with UI Budgets, PeopleSoft, Microsoft Office, and Business Objects reporting is desired.
Software Experience: Strong background in Power Platform, Excel and other Microsoft Office applications. Familiarity with UI Budgets, PeopleSoft, Alteryx, Cognos, Workiva, and Smartsheet is desired.
Coordination: This role involves working with various departments, including operating companies, corporate finance, forecasting, regulatory, accounting/tax, commercial operations, and transmission. Familiarity with AEP accounting and Chartfields is preferred
Collaboration: Collaborate with various departments to gather budgetary inputs, ensuring alignment with organizational goals. Stay updated on industry trends and emerging technologies relevant to budget analysis and financial management

What You’ll Get: Budget Analyst (Grade 6) $72,380 - $90,475 Education Requirements:

Bachelors degree in Business, Accounting, Finance or Engineering

Experience Requirements:

1 year of relevant experience.

OR

Education Requirements:

Associates degree in Business, Accounting, Finance or Engineering

Experience Requirements:

Minimum of 3 years or relevant experience.

Budget Analyst Senior (Grade 7) $86,081 - $106,354 Education Requirements:

Bachelors degree in Business, Accounting, Finance or Engineering

Experience Requirements:

Minimum of 4 years of relevant experience.

OR

Education Requirements:

Associates degree in Business, Accounting, Finance or Engineering

Experience Requirements:

Minimum of 6 years or relevant experience.

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:

SP20-006

Compensation Range:

$72,380.00-90,474.50 USD

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.

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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.

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