Rates Analyst - Transmission Finance & Regulatory

FirstEnergy CareersAkron, OH
7hOnsite

About The Position

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
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