Rates Analyst - Transmission Finance & Regulatory

FirstEnergy • Akron, OH

1d • Onsite

About The Position

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.

Requirements

• 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)
• 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

Nice To Haves

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

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

Benefits

• 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
• skills development training with tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level