RTO Settlements Analyst; Mid - Sr | Commercial Operations

Job Summary

Responsible for performing settlement activities under the guidance of others. Settlement activities include preparing invoices, communicating with counter parties, 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.

• Enter transaction and billing determinant data into systems.
• Reconcile data between systems under 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 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 closing cycles.
• Prepare basic schedules, exhibits, and documents to support regulatory filings and requests for information.
• Demonstrate understanding of wholesale contracts, regulatory agreements, and RTO settlements.
• Understand 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/enhance reporting tools of limited complexity.
• Participate and provide support to management for special projects.

• Bachelor's degree in Business, Finance, Accounting, or relevant field; or no degree with four or more years of related industry experience.
• Minimum of two years related experience in the utility industry.
• Experience with database skills and programming languages: SQL, VBA, R. IT-related experience related to business processes is preferred.
• Proficiency in Microsoft Excel required.
• Ability to work as part of a team and possess excellent time‑management and organization skills.
• Adherence to Sarbanes‑Oxley controls and participation in testing these controls.
• Motivated, initiative, and eagerness to excel.

Base salary approximately $75,000 – $109,000 per year. Total rewards include discretionary annual incentive, 401(k), pension, health insurance, vacation, educational assistance, etc.

AEP, on-site.

Physical Demand Level: Sedentary work with occasional exertion up to 10 pounds.

It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all respects of the employer‑employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, veteran or military status, disability, genetic information, or any other basis prohibited by applicable law.

When required by law, we might record certain information or applicants for employment may be invited to voluntarily disclose protected characteristics.