Rates Analyst - Transmission Finance & Regulatory

FirstEnergy • Akron, OH • 18h ago

FirstEnergy at a Glance

We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger.

FirstEnergy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.

About the Opportunity

This is an open position with FirstEnergy Pennsylvania Electric Company, a subsidiary of FirstEnergy Corp.

This is a full-time, on-site position located in Akron, OH.

Summary of Responsibilities:

Supporting appropriate regulatory actions in all FE transmission-related jurisdictions

Supporting FE transmission-related rate cases before FERC

Provide support in preparation of the associated annual updates for each of the companies with a transmission formula rate

Assist in developing and editing responses to intervenor inquiries into the annual formula rate filings

Prepare, calculate, and review monthly revenue requirement calculations for each of the companies with a transmission formula rate that are utilized in each companies' monthly revenue recognition process

Assist in providing and coordinating financial variance analysis associated with projected revenues vs. actual revenues

Prepare quarterly reviews on the financial data within Form 3Q as well as the annual FERC Form No. 1

Review and analyze property accounting reports (sourced from PowerPlan) for accuracy

Create and execute queries and analysis on the transmission-related financial forecasts, sourced from UI Planner (or similar forecasting products)

Developing proficiency in various concepts surrounding transmission rate structures and associated formula rates

Providing analytical support to experienced rates personnel and rates management

Assisting in creating presentations for varying management requests

Provide rate and revenue requirement analysis to assist in determining financial strategies

Assisting management and coworkers, developing and implementing well-defined practices and procedures

Conducting business-specific research, analyzing data, interpreting results, and making recommendations

Actively seeking formal and informal learning opportunities to better understand evolving regulatory and policy issues

Exercising sound decision making by developing alternatives and recommendations to advance Company positions and improve work processes

Developing effective working relationships throughout the FirstEnergy organization, specifically focused on departments that provide information/data needed for the transmission formula ratemaking process

Establishing internal and external professional networks

Qualifications:

Bachelor's degree in Accounting, Finance, Economics, Mathematics, Business, or related discipline is required

Minimum 1 year of relevant work experience preferred

Proficient in Microsoft Office applications (Excel, Word, PowerPoint, and Outlook)

Familiarity with SAP, Qlikview, UI Planner, and PowerPlan a plus

Strong critical thinking skills

Display analytical abilities, including problem solving and decision making

Deliver quality, accurate work within established deadlines

Sound written and verbal communication skills

Able to work in a team environment

Demonstrate a questioning attitude to learn, produce results, and develop relationships

Desire to continue to learn and grow

Exercise independent judgment on basic projects and assignments

Benefits, Compensation & Workforce Diversity

At FirstEnergy, employees are key to our success. We depend on their talents to meet the challenges of our changing business environment. We are committed to rewarding individual and team efforts through our total rewards philosophy which includes competitive pay plus incentive compensation, a company-sponsored pension plan, 401(k) savings plan with matching employer contribution, a choice of medical, prescription drug, dental, vision, and life insurance programs, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of our employee rewards programs. FirstEnergy proudly supports workforce diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with a disability. No recruiters or agencies without a previously signed contract. Unable to sponsor or transfer H-1B visas at this time.

Safety

Safety is a core value for FirstEnergy and is essential to all of our business activities. We ensure employees have the tools, information, and processes to perform their duties in a manner that assures safety for themselves, their co-workers, our customers and the public. Our goals are to provide a safe work environment, to maintain an accident-free, injury-free workplace, and to promote and maintain public safety. To meet these goals, we dedicate ourselves to achieving world-class safety standards.

Position Classification

Exempt

FirstEnergy Human Resources Team

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