Transmission Strategic Ventures Analyst

FirstEnergy • Akron, OH

13d • Onsite

About The Position

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.

Requirements

• Bachelor's Degree in Finance, Accounting or related field
• 10+ years of relevant experience in finance, rates & regulatory strategy, or operations, preferably within an electric utility
• Strong financial acumen with the ability to connect financial results to operational and strategic outcomes
• Proficiency in Microsoft Office applications (Word, Excel, PowerPoint)
• SAP proficiency and strong familiarity with cost flows
• Strong knowledge of GAAP and FERC accounting principles
• Excellent written and verbal communication skills
• Demonstrate a questioning attitude to learn, produce results and develop relationships
• Desire to learn, grow and work across FirstEnergy and deliver results
• Proactive mindset with the ability to anticipate issues and propose solutions
• Ability to work independently and manage multiple tasks/duties while maintaining accuracy and timeliness
• Maintains a continuous improvement mindset and seeks opportunities to improve and enhance processes in a self-directed manor

Nice To Haves

• MBA or relevant master’s degree a plus
• Familiarity with PJM transmission planning processes, including the RTEP open window framework

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, controls, and reporting across strategic partners
• Support proposal strategy and internal review of transmission projects submitted in PJM’s RTEP Open Window process, including post-submission tracking and documentation of awarded projects

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: Mid Level
• Number of Employees: 5,001-10,000 employees