The Role
Manage plant operating and capital budgets, forecasts, cost tracking, and financial reporting. Supervise budgeting, invoice verification, petty cash, and accounting records. Support capital project cost tracking, contractor invoice review, variance analysis, and ensure compliance with safety and company policies. Coordinate with plant leadership and corporate teams to deliver projects on budget and support DOE-funded modernization work.
Summary Generated by Built In
Ohio Valley Electric Corporation (OVEC) is seeking a Senior Budget Manager to support the financial planning, budgeting, forecasting, and cost management activities at the Kyger Creek Generating Station. This position will play a key role in managing the plant's operating and capital budgets while supporting a major U.S. Department of Energy (DOE)-funded modernization initiative.
The successful candidate will serve as the plant's primary resource for budget management, capital & O&M project financial oversight, forecasting, cost tracking, and reporting. Working closely with plant leadership, engineering, operations, maintenance, procurement, and accounting teams, this role will help ensure projects are delivered safely, efficiently, and within budget while supporting long-term reliability investments at the station.
This is an excellent opportunity for a budgeting, financial analysis, project controls, accounting, or capital projects professional seeking to expand their experience in utility operations, power generation, capital project execution, and get some exposure to federal grant-supported infrastructure investments.
The successful candidate will serve as the plant's primary resource for budget management, capital & O&M project financial oversight, forecasting, cost tracking, and reporting. Working closely with plant leadership, engineering, operations, maintenance, procurement, and accounting teams, this role will help ensure projects are delivered safely, efficiently, and within budget while supporting long-term reliability investments at the station.
This is an excellent opportunity for a budgeting, financial analysis, project controls, accounting, or capital projects professional seeking to expand their experience in utility operations, power generation, capital project execution, and get some exposure to federal grant-supported infrastructure investments.
Key Responsibilities
Supervise work in connection with compilation and verification of coal records.
Supervise and coordinate the creation of the plant annual and five-year O&M and Capital budgets. Develop and maintain capital and O&M project budgets, forecasts, cash flow projections and reporting for significant plant projects.
Supervise the preparation and completion of reports for purchase orders in connection with capital accounts, insurance claims and various operating or maintenance cost data; review all purchase requisitions to determine proper classification and to determine whether material ordered is properly charged to capital or operating expense.
Supervise the distribution and accounting for the petty cash fund and account.
Supervise and coordinate the verification and distribution of invoices, as well as, the verification of vendor insurance coverage.
Assist with Support Manager duties as assigned or in the absence thereof.
Coordinate maintenance service for all office machines; maintain records on automotive equipment; maintain and administer the surplus and scrap program; supervise the sale of bottom ash.
Maintain operating and construction accounting records; furnish information as requested by the Corporate Office or plant management. Perform analysis of operating and construction budgets to actual costs for Corporate or plant management. Support project cost tracking, contractor invoice review, variance analysis, and financial reporting for capital projects.
Administer prescribed Company personnel policies and practices; make recommendations pertaining to changes in job duties of employees.
Recommend and carry out appropriate measures of discipline of employees under direct supervision.
Keep informed of the latest practices and procedures in the accounting field and consistently apply these to ensure efficiency and economy in the operation of the department. Maintain familiarity with budgeting, forecasting and project controls.
Investigate causes of complaint and assist when necessary.
Perform duties in accordance with all applicable federal and state safety laws and regulations, and all applicable company safety rules and operating procedures; when supervising others, assure that safe work practices are followed and conduct safety meetings; make suggestions for the improvement of the safety program and encourage others to do so.
Carry out within the assigned area of responsibility the Company’s program of Equal Employment Opportunity including its Affirmative Action obligations.
Responsible for knowing and complying with the laws and Code of Business Conduct related to the performance of the aforementioned duties.
Supervise and coordinate the creation of the plant annual and five-year O&M and Capital budgets. Develop and maintain capital and O&M project budgets, forecasts, cash flow projections and reporting for significant plant projects.
Supervise the preparation and completion of reports for purchase orders in connection with capital accounts, insurance claims and various operating or maintenance cost data; review all purchase requisitions to determine proper classification and to determine whether material ordered is properly charged to capital or operating expense.
Supervise the distribution and accounting for the petty cash fund and account.
Supervise and coordinate the verification and distribution of invoices, as well as, the verification of vendor insurance coverage.
Assist with Support Manager duties as assigned or in the absence thereof.
Coordinate maintenance service for all office machines; maintain records on automotive equipment; maintain and administer the surplus and scrap program; supervise the sale of bottom ash.
Maintain operating and construction accounting records; furnish information as requested by the Corporate Office or plant management. Perform analysis of operating and construction budgets to actual costs for Corporate or plant management. Support project cost tracking, contractor invoice review, variance analysis, and financial reporting for capital projects.
Administer prescribed Company personnel policies and practices; make recommendations pertaining to changes in job duties of employees.
Recommend and carry out appropriate measures of discipline of employees under direct supervision.
Keep informed of the latest practices and procedures in the accounting field and consistently apply these to ensure efficiency and economy in the operation of the department. Maintain familiarity with budgeting, forecasting and project controls.
Investigate causes of complaint and assist when necessary.
Perform duties in accordance with all applicable federal and state safety laws and regulations, and all applicable company safety rules and operating procedures; when supervising others, assure that safe work practices are followed and conduct safety meetings; make suggestions for the improvement of the safety program and encourage others to do so.
Carry out within the assigned area of responsibility the Company’s program of Equal Employment Opportunity including its Affirmative Action obligations.
Responsible for knowing and complying with the laws and Code of Business Conduct related to the performance of the aforementioned duties.
Skills, Knowledge & Expertise
Bachelor’s degree in one of the following: administrative management, business management, accounting, finance, economics, general management, or related discipline; A minimum of five years of experience in the utility industry or similar environment is preferred. Three to five years of experience in budgeting, project controls, capital project support, forecasting, or financial analysis is preferred.
Job Benefits
As a full-time employee, the successful candidate will be eligible for full benefits, including:
- Medical, Dental and Vision insurance
- Health Savings Account (with Employer contribution if enrolled in a qualifying medical plan)
- Life Insurance
- Supplemental Pension & Savings Plan
- Paid Days Off
- Holidays
- Vacation
- Sick Pay
- Monetary incentives/Employee Incentive Plan target of 7.5%
- Paid Parental Leave
- Additional Voluntary Benefits
- Company will pay relocation expenses
About
Ohio Valley Electric Corporation (OVEC) and its wholly owned subsidiary, Indiana-Kentucky Electric Corporation (IKEC), were organized on October 1, 1952. The Companies were formed by investor-owned utilities furnishing electric service in the Ohio River Valley area and their parent holding companies for the purpose of providing the large electric power requirements projected for the uranium enrichment facilities then under construction by the Atomic Energy Commission (AEC) near Portsmouth, Ohio. OVEC, AEC and OVEC’s owners or their utility company affiliates (called Sponsoring Companies) entered into power agreements to ensure the availability of the AEC’s substantial power requirements. On October 15, 1952, OVEC and AEC executed a 25-year agreement, which was later extended through December 31, 2005 under a Department of Energy (DOE) Power Agreement. On September 29, 2000, the DOE gave OVEC notice of cancellation of the DOE Power Agreement. On April 30, 2003, the DOE Power Agreement terminated in accordance with the notice of cancellation. OVEC and the Sponsoring Companies signed an Inter-Company Power Agreement (ICPA) on July 10, 1953, to support the DOE Power Agreement and provide for excess energy sales to the Sponsoring Companies of power not utilized by the DOE or its predecessors. Since the termination of the DOE Power Agreement on April 30, 2003, OVEC’s entire generating capacity has been available to the Sponsoring Companies under the terms of the ICPA. The Sponsoring Companies and OVEC entered into an Amended and Restated ICPA, effective as of August 11, 2011, which extends its term to June 30, 2040. Why is OVEC/IKEC committed to Diversity, Equity and Inclusion (DEI)?Our Values of Respect and Innovation are key components directly related to our DEI commitment. Diversity, equity, inclusion and belonging strengthens and enhances our culture. Treating others the way we want to be treated and valuing each person’s talents, perspectives, and experiences promotes and builds an innovative environment.
Skills Required
- Bachelor's degree in administrative management, business management, accounting, finance, economics, general management, or related discipline
- Supervisory experience managing staff, discipline, and personnel policies
- Familiarity with budgeting, forecasting, project controls, and capital project financial oversight
- Three to five years of experience in budgeting, project controls, capital project support, forecasting, or financial analysis
- Minimum of five years of experience in the utility industry or a similar environment
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The Company
What We Do
Ohio Valley Electric Corporation (OVEC) and its subsidiary Indiana-Kentucky Electric Corporation (IKEC) were formed in 1952 by investor-owned utilities to provide electric power for uranium enrichment facilities. The company now produces and distributes electric power, owning and operating two coal-fired generating stations in Ohio and Indiana.
