American Electric Power

Budget Analyst

American Electric Power$74K — $99K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Accounting, Finance or Engineering with 1 year relevant experience, or
  • Associate's degree in Business, Accounting, Finance or Engineering with a minimum of 3 years relevant experience.
  • Experience in a functional Business Unit (Generation, Transmission, Distribution) or Corporate Finance preferred.
  • Knowledge of UI Budgets and PeopleSoft is a plus.
  • Familiarity with AEP accounting and Chartfields is desired.

Responsibilities

  • Support planning and budgeting for O&M and Capital resource allocation processes.
  • Prepare monthly and quarterly variance reports for management review.
  • Create ad-hoc reports as needed to inform business decisions.
  • Assist in the routing and approval of Improvement Requisitions, ensuring compliance with policies.
  • Engage in the development of standardized budgeting and reporting processes.
  • Perform special studies and analyses as required by management.
  • Respond to regulatory and data requests as needed.

Benefits

  • Comprehensive benefits package focusing on employee well-being.
  • Support for diverse areas such as health, financial, and professional development.
Full Job Description
Job Posting End Date
06-18-2026
Please note the job posting will close on the day before the posting end date.

Job Summary

Supports O&M and/or Capital budgeting process, reprojections, variance/other standard/ad-hoc reporting and analysis, and/or the improvement requisition process for a business unit(s), corporate group(s), operating company(ies) and/or for AEP Consolidated. Includes providing support of the related planning, budgeting and reporting applications and the billing/allocation processes. Note: A budget analyst will provide more limited support, either in activities performed or in groups supported.

Job Description

What You'll Do:

1) Support the planning and budgeting activities for the O&M and/or Capital resource allocation process; including long-range forecasts, detail budgets, re-projections and contingency plans.

2) Prepare monthly/quarterly variance reports.

3) Prepare ad-hoc reports as required.

4) Support decisions affecting operation and maintenance activities, capital investment, customer service levels, and profitability objectives.

5) Assist in routing and approval process for Improvement Requisitions; ensuring that Authorization.

6) Policy and IR Procedures are followed.

7) Engage in developing and improving standardized processes surrounding budgeting, forecasting, reporting, and improvement requisitions.

8) Perform special studies, analysis, investigations, and assignments as may be required.

9) Provide assistance in responding to regulatory and other data requests.

What You'll Have:
  • Bachelors degree in Business, Accounting, Finance or Engineering along with 1 year of relevant experience. Or;
  • Associates degree in Business, Accounting, Finance or Engineering along with a minimum of 3 years or relevant experience.


OTHER REQUIREMENTS:

Physical demand level is Sedentary

Key Competencies: Communication, Teamwork, Initiative, Adaptability/Flexibility, Client Focus, Creativity, Planning/Organizing and Understanding the Business and Competition.

1. Prior experience in a functional Business Unit (Generation, Transmission, or Distribution), and/or Corporate Finance and/or Operating Company finance, and/or engineering related field is preferred. Knowledge/utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting desired.

2. This position requires coordination with corporate finance, corporate planning & budgeting, accounting/tax, commercial operations, generation and transmission, regulatory, requiring the incumbent to work across functional boundaries. Familiarity with AEP accounting and use of Chartfields desired.

What you'll get:

$74,551 - $99,401/yr

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.

Compensation Data

Compensation Grade:

SP20-006

Compensation Range:

$54,063.00 - $109,543.00

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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About American Electric Power

American Electric Power generates, transmits, and distributes electricity, serving residential, commercial, and industrial customers nationwide. AEP serves millions of customers across 11 states. It operates in the generation, transmission, and distribution of electricity, providing power to residential, commercial, and industrial customers. AEP generates electricity using diverse sources, including coal, natural gas, nuclear, and renewable energy like wind and solar. The company maintains a vast transmission network that delivers electricity from power plants to local distribution systems, ensuring a stable and reliable power supply. AEP is actively involved in renewable energy initiatives, investing in wind farms and solar facilities to diversify its energy portfolio and reduce its environmental impact. Additionally, the company engages in community outreach, supporting education, environmental conservation, and various social initiatives.

American Electric Power Careers

Join the dynamic team at American Electric Power (AEP), one of the largest electric utilities in the United States, and ignite your career with a company known for its commitment to innovation and leadership in the energy sector.

Opportunities Await

At AEP, we offer a multitude of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking an entry-level position or a more senior role, our diverse range of employment options ensures that there's a place for every ambitious individual in our team.

Grow and Innovate

Embark on a journey of growth and professional development with AEP. Our company is at the forefront of the energy industry’s transformation, integrating sustainable and innovative practices that not only lead the market but also contribute to a greener planet. Engage in work that challenges the status quo, pushing the boundaries of what is possible in the energy sector.

Culture and Benefits

AEP is dedicated to fostering a culture of diversity and inclusion, where every team member’s contribution is valued. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. From comprehensive health benefits to professional development programs and diversity training, AEP ensures that our team is equipped for both personal and professional success.

Internship Programs

Kickstart your career with an AEP internship. Our programs provide invaluable industry experience and networking opportunities that pave the way for future employment. Interns at AEP work on real projects, learn from seasoned professionals, and gain the hands-on experience necessary to succeed in the fast-paced world of energy.

Leadership and Development

Leadership at AEP means more than guiding teams – it involves inspiring change and driving innovation. With leadership development programs, employees are prepared to take on challenging roles that shape the future of the company and the industry. Our focus on leadership and continuous improvement creates an environment where ambitious professionals can thrive.

Join Our Team

Explore the career possibilities at American Electric Power today. Search open positions that match your skills and interests. We are constantly hiring new talent and look for passionate, curious, and solution-driven team players. Prepare your resume, ace the interview, and join a company where your career can flourish.

Stay Connected

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Explore American Electric Power Jobs

Whether you're a seasoned professional or new to the industry, AEP offers a dynamic work environment where innovation, leadership, and growth are part of everyday life. Join us in powering a new and brighter future for everyone.
Learn more about American Electric Power
Size
16,688 employees
Market Cap
$48.8 billion
Industry
Net Income
$2.2 billion
Founded
1906
5 Year Trend
+0.5%
Revenue
$14.9 billion
NASDAQ

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