Job Posting End Date07-17-2026
Please note the job posting will close on the day before the posting end date.
Job Summary 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.
Job DescriptionWHAT 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 FORBased on education, experience, interview and internal equity, this opportunity will be filled commensurately at either title. For this posting, minimum requirements are stated the lower grade. Increased expectations are at the higher grade.
RTO Settlements Analyst Sr. (grade 7): Base Salary = $88K - 109K
RTO Settlements Analyst (mid-level) (grade 6): Base Salary = $75K - $93K
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.
OTHER REQUIREMENTS:
Physical demand level is Sedentary
-
Technical Skills: 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.
- Candidate must be motivated, have initiative, and be eager to excel.
WHAT YOU'LL GET Base Salary: approximately $75K - $109K In addition to base salary, AEP offers competitive Total Rewards including: discretionary annual incentive, 401(k), pension, health insurance, vacation, educational assistance, etc. AMERICAN ELECTRIC POWER (on-site)
$75K - $109K / Year
#AEPCareers
#LI-ONSITE
Compensation DataCompensation Grade:SP20-006
Compensation Range:$74,551.00 - $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.
Hear about it first! Get job alerts by email. Log in to your Candidate Home Account today! If you don't have an account, you can create one.
