RTO Settlements Analyst (Mid - Sr) | COMMERCIAL OPERATIONS

About the role

Responsible for performing settlement activities under the guidance of others. Settlement activities could include preparing invoices, communicating with counterparties, reconciling transactional data and settlement results, monitoring and executing contractual and regulatory commitments, properly documenting settlement activities and procedures, and supporting the information needs of other groups within AEP.

Responsibilities

• Enter transaction and billing determinant data into systems.
• Reconcile data between systems under the direction of others.
• Prepare, administer and analyze invoice and allocation results against contractual and regulatory commitments and resolve discrepancies.
• Document desktop procedures and operate settlement systems in compliance with existing desktop procedures, ensuring functions are completed according to defined schedules.
• Recommend and participate in implementation of process improvements.
• Estimate and actualize revenue, expense, and allocations to operating companies and General Ledger accounts.
• Assist in analytical review of settlement results.
• Maintain and organize contract files, invoices, audit requests, regulatory documentation and documentation related to the closing cycles.
• Prepare basic schedules, exhibits, and documents to support regulatory filings and request for information.
• Demonstrate understanding of wholesale contracts, regulatory agreements, and RTO settlements.
• 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 and enhance reporting tools of limited complexity.
• Participate and provide support to management for special projects.

Requirements

Education: Bachelor's degree in Business, Finance, Accounting, or relevant field. Will consider no degree with four or more (4+) years of related industry experience in settlements, accounting, and/or commercial operations.

Work Experience: Minimum of two (2) years related experience in utility industry.

Qualifications

• Experience with database skills and programming languages: SQL, VBA, R.
• Information Technology (IT)-related experience related to business processes is preferred for this role.
• Ability to work as part of a team and possess excellent time management and organization skills.
• Experience in Microsoft Excel is required.
• Adhere to Sarbanes-Oxley controls and participate in testing those controls.

Skills

Demonstrated understanding of wholesale contracts, regulatory agreements, and RTO settlements. Demonstrated 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 and enhance reporting tools of limited complexity. Participate and provide support to management for special projects.

Benefits

In addition to base salary, AEP offers competitive Total Rewards including: discretionary annual incentive, 401(k), pension, health insurance, vacation, educational assistance, social and recreational programs, etc.

Pay

$75K - $109K / Year

Schedule

Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.