Rates Analyst - New Jersey

FirstEnergy Service Company • Fairmont, WV • 3d ago

JOB DESCRIPTION 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 for an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. This position serves a dual role with the potential for responsibilities and assignments in both the Rates Department and Regulatory Reporting within State Finance & Regulatory organization. This position will provide support for the development of certain rate filings and compliance filings, which requires broad interaction with other organizations, including State Operations, Legal, Claims, Rates & Regulatory Affairs, Engineering Services, Finance and Accounting. The position will also interact externally with the NJ Board of Public Utilities, which requires excellent communication skills. This position is part of the New Jersey State Finance and Regulatory organization and reports to the Supervisor, Regulatory Reporting. This position is in the New Jersey Rates & Regulatory Affairs group. The preferred reporting location is Akron, OH, however other reporting locations will be considered with travel as needed. The estimated salary for this position is $77,500-$109,000 The estimated salary for this position if based in New Jersey (only) is $93,000-$125,000 Responsibilities include: Support efforts to ensure that FirstEnergy's New Jersey distribution utility, Jersey Central Power & Light, receives adequate and timely recovery of its costs. Analyze and develop various pricing mechanisms established to facilitate appropriate cost recovery. Establish regulatory rapport with the New Jersey Board of Public Utilities' Staff and other members of the external regulatory community. Understand and utilize various ratemaking concepts, including revenue requirements, cost allocation, cost of service, rates of return, regulatory accounting and the time value of money. Adhere to well-defined practices and procedures. Conduct business-specific research, analyze data, interpret results and make recommendations. Meet internal and external customer needs by providing sound and responsive service. Actively seek formal and informal learning opportunities to better understand business processes and procedures. Exercise sound decision making by developing alternatives and recommendations to improve business processes. Develop effective working relationships with employees within own work group while also establishing a professional network. Actively represent and advocate for the Company's interests. Preparing, writing, and validating required regulatory reports, data requests, or other required regulatory requests Coordinating reviews of materials with data providers, subject matter experts, leadership, legal, etc. to ensure accuracy and consistency with other related or past reports Assessing compliance for all state regulatory commitments with government regulated policies, regulations, and standards through regulatory and field audits, data submittals, and spot checks * Identifying and coordinating process improvements and best practices to support compliance with all reg To view the full job description

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