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American Electric Power

Generates, transmits, and distributes electricity

Director Regulatory Accounting Services

Financial AccountingPosted on Nov 10
Full-timeColumbus, OH, USA

About the Job

Requirements

  • A bachelor's degree in accounting or a related business field is required.
  • At least seven years of accounting experience or five years directly related to regulatory or cost-based rate activities is required.
  • Strong written and oral communication skills are required.
  • Strong computer skills, including accounting software, Microsoft Excel, and Microsoft Word, are required.
  • Some travel is required, and overtime is expected at times during case processing.

Responsibilities

  • Direct regulatory accounting aspects of regulatory filings before commissions.
  • Provide expert accounting testimony before regulatory commissions, including sponsoring accounting exhibits and schedules required by individual commissions.
  • Direct and review the development and modification of regulatory accounting models for specific regulatory jurisdictions.
  • Direct the preparation and coordination of regulatory schedules and exhibits across functional lines of business.
  • Analyze and research accounting transactions.
  • Direct the determination of total company revenue requirements, rate base, operating income, and cost of capital while considering regulatory jurisdiction variables.
  • Present results to operating company upper management.
  • Interact and communicate with parties in regulatory proceedings, including commission staff, and attend commission meetings.
  • Direct coordination and participate in hosting on-site reviews and/or audits by regulatory commission staff and intervenors.
  • Make presentations to commission staff and intervenors.
  • Direct the preparation and review of responses to interrogatories during discovery and rebuttal phases of proceedings.
  • Direct accounting support for settlement discussions, including financial analysis based on multiple scenarios, working with operating company upper management and regulatory counsel.
  • Direct accounting support for internal and external legal personnel preparing and filing regulatory applications, briefs, proposed findings of fact and orders, motions for rehearing, and appeals as necessary.
  • Analyze regulatory legal requirements and commission rules, and develop compliance strategies for regulatory accounting activities, including researching other utilities' filings for precedent on individual issues.
  • Participate in working groups with commissions and other utilities to establish or update filing requirements in individual jurisdictions and develop new legislation applicable to the industry.
  • Direct preparation of regulatory analysis as needed by operating companies.
  • Direct analysis of financial data involving total company data, jurisdiction-specific data, or data related to a specific investment or expense, including comparisons of actual results against budget and earnings against amounts approved in rate filings.
  • Consider the impact of past commission decisions and incorporate it into analysis.
  • Inform upper management of accounting implications related to regulatory initiatives.
  • Direct research of commission decisions, Generally Accepted Accounting Principles, and Federal Energy Regulatory Commission rules.
  • Direct issuance of accounting memoranda to other accounting departments based on regulatory proceedings.
  • Direct completion of the regulatory activity portion of the quarterly accounting issues book for management.
  • Present regulatory activity updates to external auditors quarterly or as needed during the external audit.
  • Direct completion of the regulatory activity portion of the quarterly accounting issues book for management and external auditors.

Desired Qualifications

  • A Certified Public Accountant (CPA) certification is preferred.

About the Company

American Electric Power

Generates, transmits, and distributes electricity

American Electric Power (AEP) is a large U.S. electric utility that generates, transmits, and distributes electricity to more than five million customers across 11 states. It uses a mix of power sources—coal, natural gas, nuclear, and growing renewable energy—to run a wide network of transmission lines that deliver electricity from plants to homes and businesses. Revenue comes mainly from selling electricity, with rates regulated by state and federal authorities. AEP’s scale, its extensive transmission grid, and its mix of regulated services distinguish it from smaller utilities and pure energy producers. The company aims to provide reliable electric service, manage energy costs, and pursue a gradual shift toward cleaner energy while complying with regulatory requirements.

Company size
10,001+
Company stage
IPO
Headquarters
Columbus, OH
Founded
1906

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