Energy​/Gas Settlements Analyst Associate | Commercial Operations

Settlement Specialist

Responsible for performing settlement activities under the guidance of others. Settlement activities could 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.

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

Education:

Bachelor's degree in Business, Finance, Accounting, or relevant field. Will consider no degree with 4+ years of related industry experience.

OTHER REQUIREMENTS:

Physical demand level is Sedentary

Ability to work as part of a team and possess excellent time management and organization skills. Experience in Microsoft Excel is preferred. Must 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 $64K - $79K

In addition to base salary, AEP offers competitive Total Rewards including: discretionary annual incentive, 401(k), pension, health insurance, vacation, educational assistance, etc.

WHO WE ARE

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 Data

Compensation Grade: SP20-005

Compensation Range: $63,496.00 - $79,369.00

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.

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.