American Electric Power

Trans Financial Controls Mgr

American Electric Power • $136K — $177K *
New Albany, OH 43054In-Person
Energy & Utilities
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related field; or
  • Minimum of 8 years' related experience.
  • Experience in budgeting, finance, contract administration, or process improvement is required.
  • Operating company experience preferred.
  • Familiarity with Microsoft Office, PeopleSoft Financials, Business Objects, and Ventyx Asset Suite is a plus.
  • Leadership and teamwork capabilities in a fast-paced environment are necessary.
  • Strong commercial, analytical, and communication skills are essential.

Responsibilities

  • Manage invoice processing and contract compliance reviews.
  • Collaborate with teams on contract language and compliance.
  • Develop contracting strategies aligned with business objectives.
  • Oversee Sole Source Justification contracts exceeding $1 Million.
  • Provide daily guidance on processing high volume invoices related to contracts.
  • Manage the recordation of significant unvouchered liabilities.
  • Lead LEAN initiatives to optimize financial and operational processes.

Benefits

  • Opportunity to participate in strategic sourcing direction.
  • Engagement with an annual spend of approximately $2.5 Billion.
  • Collaboration with diverse internal teams and vendors.
  • Skill development through training and contract negotiation standards.
Full Job Description
Job Posting End Date
09-21-2026
Please note the job posting will close on the day before the posting end date.

Job Summary

The Transmission Financial Controls Manager will be responsible for the management and oversight of the financial controls, contract management, and participation in the strategic sourcing direction for the AEP Transmission business unit. Management oversight activities include: invoice processing, unvouchered liabilities, contract strategies and analysis, contract compliance reviews, vendor and operational audit support, process improvements and LEAN initiatives, data analytics, and other functions as may be assigned to ensure prudent spending and the integrity of financial and operational data. Annual Capital and O&M spend is approximately $2.5 Billion.

Job Description

What You Will Do:
  • Manage activities related to invoice processing, unvouchered liabilities (UVLs), contract reviews, vendor compliance reviews, and Asset Suite system administration activities.
  • Provide guidance and collaborate with T&D Procurement, Field Services, Project Management, Engineering, Construction Management, and vendors related to complex contract language, billing rates, and compliance with AEP Policies and Guidelines for all AEP Transmission labor and services contracts with annual spend > $1.5 Billion.
  • Identify, recommend, and participate in developing contracting strategies that align with AEP Transmission goals and objectives.
  • Participate in the development, preparation, sourcing, and administration of contracts and service agreements.
  • Develop and implement a contracting strategy for Transmission Field Services; Monitor and provide analytics to identify opportunities for cost efficiencies to ensure prudent spending.
  • Manage the review of all Sole Source Justification contracts > $1 Million and stand-alone contracts > $5 Million prior to executive review and approval to ensure complex contract terms and conditions are acceptable to AEP Transmission and that billing rates are prudent when compared to similar contracts.
  • Provide oversight for the Executive Contract Risk assessment to evaluate the relative degree to which AEP risk is increased or decreased in a contract comparative to baseline standard AEP Transmission terms and conditions.
  • Provide daily guidance to business analysts and field employees regarding interpretation of complex contract language to ensure compliance in processing annual invoice volume of 50,000 for $1.5 Billion for contract labor and services. Manage ROW invoice processing ($100 Million annually) for trust fund reimbursements, contract labor, and landowner damage assessments.
  • Oversee the identification and recordation of $2 Billion annually of unvouchered liabilities; collaborate with Accounting, external auditors, vendors, Transmission Project Management and Field Services to ensure compliance.
  • Collaborate with the Transmission competitive entity (Transource) to set up policies, processes, and guidelines for new competitive projects.
  • Manage contracts and invoice processing for the competitive entity of Transource Missouri and collaborate with partners to ensure compliance with reporting requirements.
  • Oversee system administrative activities for Asset Suite to ensure compliance with AEP policies and guidelines; collaborate with other AEP business units related to IT system enhancements and software fixes.
  • Lead process improvement initiatives related to financial and operational processes.
  • Participate in LEAN initiatives to reduce expenses or increase revenue for AEP Transmission; work closely with IT to incorporate enhancements into IT applications (i.e., Asset Suite, EcoSys, PeopleSoft Financials, etc.).
  • Provide leadership, direction, training, coordination, and effective communication to ensure compliance with T&D Procurement Standards, AEP Authorization Policy, and Accounting Policies / Guidelines (i.e., O&M vs. Capital, Time Reporting, Capital Construction Overheads, etc.).
  • Provide training to vendors, Transmission Project Management, ROW, Engineering, and Field Services related to AEP Transmission contracting and negotiating standards.
  • Oversee 4 - 6 annual vendor compliance reviews of internal controls to ensure that appropriate processes and procedures exist for contract terms and conditions, time reporting, work authorizations, contract compliance, billings, and unvouchered liabilities; Provide support to AEP Audit Services related to 10-12 annual vendor audits.
  • Monitor and report information to AEP Transmission leadership, managers


What You Will Need:
  • Bachelor's degree in Business, Finance, Accounting, Contract Administration, or related discipline; or
  • Minimum of 8 years' related experience.
  • Related experience would include experience in one or more of the following areas: budgeting, finance, contract administration and/or process improvement activities.
  • Advanced degree or professional certification in Finance/ Accounting is preferred but not required.


Experience We Are Looking For:
  • Operating company, business unit, or corporate finance experience is preferred.
  • Experience with Microsoft Office, PeopleSoft Financials, Business Objects, and Ventyx Asset Suite is a plus.
  • Experienced professional with demonstrated leadership and teamwork capabilities working in a fast-paced environment.
  • Strong commercial, analytical, oral/written communication, and presentation skills are required.
  • Ability to successfully work with a diverse set of internal and external partners and all levels of the organization.
  • Core competencies include: adaptability/flexibility, teamwork/collaboration, communication, and planning/ organizing.


Compensation Data

Compensation Grade:

SP20-010

Compensation Range:

$136,539.00 - $177,503.00

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.

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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
Energy & Utilities
Net Income
$2.2 billion
Founded
1906
5 Year Trend
+0.5%
Revenue
$14.9 billion
NASDAQ
AEP
* Ladders Estimates

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