Commercial Analyst Associate

Settlement Specialist

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. Responsible for understanding settlement requirements and procedures for execution. Complies with all guidelines and standards, including Sarbanes-Oxley and regulatory accounting policies.

What You'll Do :

• 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.
• Demonstrates understanding of wholesale contracts, regulatory agreements, and RTO settlements.
• Demonstrates 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. Develops / enhances reporting tools of limited complexity.
• Participates and provides support to management for special projects.

What We're Looking For :

Other Requirements :

What You'll Get :

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 Grade : SP20-005

Compensation Range : $61,647.00-77,057.50 USD

The Physical Demand Level for this job is : S Sedentary Work : Exerting up to 10 pounds of force occasionally and / or a negligible amount of force frequently 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.