Transmission Strategic Ventures Analyst

FirstEnergy Corp • Akron, OH • 4h 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 an open position with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.

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

Summary

The Analyst will support the Transmission Strategic Ventures team within the PJM Strategy & Connection Support organization. This role provides financial and program management support for FirstEnergy Transmission's strategic partnerships, presently including Valley Link Transmission and Grid Growth Ventures.

This role will help shape the financial infrastructure supporting strategic transmission partnerships, ensuring that cost structures, accounting treatment, and regulatory alignment are designed appropriately.

This highly collaborative position sits at the intersection of finance, joint venture governance and strategic execution. The candidate will play a key role in ensuring financial accuracy, regulatory alignment and effective coordination between the Company and its external strategic partners. The role will also support PJM bid proposal strategy and evaluation of projects submitted through PJM's Regional Transmission Expansion Plan (RTEP) Open Window process.

Key Responsibilities:

Monitor and ensure accurate and timely tracking of strategic venture costs and earnings

Develop and maintain cost structures in compliance with regulatory recovery, sponsor billings and joint venture governance requirements

Prepare and review sponsor billings, capital contributions, cash settlements and distribution calculations

Support monthly close activities including journal entry preparation, reconciliations and variance analysis related to Joint Venture activities

Prepare and assist in development of executive-level materials for Steering Committees, Boards of Managers, and Senior Leadership

Provide meaningful contributions to regulatory filings, discovery processes, formula rate inputs and financing documentation as assigned

Prepare routine and ad hoc financial reports, analyses and data compilations

Maintain compliance with operating agreements, governance provisions and internal controls

Lead or support internal finance and accounting determinations related to strategic ventures, including cost collector design, project setup, and alignment with FERC Uniform System of Accounts

Evaluate and develop recommendations related to the application of overheads and allocations to joint venture-related costs in coordination with Accounting, Rates & Regulatory

Coordinate information flow between the Company and its strategic partners

Assist with budget preparation and periodic forecast updates

Identify and implement opportunities to enhance financial processes, cont

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