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Structuring & Pricing Analyst

Location: 

Akron, OH, US, 44320

Job Function:  Business Analyst
Employee Type:  Reg Full Time (FT)
Requisition ID:  16547

FirstEnergy at a Glance

FirstEnergy (NYSE: FE) is dedicated to 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 generating fleet with a total capacity of more than 5,000 megawatts.

About the Opportunity

This is an open position with FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. [FES]

 

FirstEnergy Solutions (FES) Structuring & Pricing evaluates all energy sales channel prospects against the current market cost-to-serve. Those costs can include energy, basis, capacity, transmission tariffs, ancillaries and distribution losses. Structuring & Pricing (S&P) also ensures all transactions meet margin requirements set by the executive team while following risk policy guidelines set by executive leadership. S&P will also provide input into sales strategy and will seek favorable terms, products and contract details associated with sales prospects.

 

This position is located at the West Akron Campus.

 

Responsibilities Include:

  • Monitor daily energy market developments and make updates to the costing model as needed.
  • Monitor RTO’s (Regional Transmission Organizations) and EDC’s (Electric Distribution Companies) for market and tariff rates, updating costing models when appropriate.
  • Review system inputs associated with various risk tolerances for the business. Access premiums associated with customer usage and weather sensitivities.
  • Support all activities for the LCI (Large Commercial & Industrial) Pricing desk.
  • Support Government Aggregation and Residential pricing initiatives throughout the year. Review Profit/ Loss statements for accuracy and forward to Manager of Structuring & Pricing for approvals.
  • Update current PTCs (Price to Compare) and PTC forecasts. Monitor Provider of Last Resort (PoLR) auction outcomes and utility tariff changes. Ensure that updates are made timely and channel expectations are met. Identify changes needed to the process as needed.
  • Complete weekly marked-to-market calculations for completed contracts. Monitor margin changes based on market movements and customer load swings.
  • Perform lead function for ancillary and capacity expenses for all financial forecasts. Review and test all assumptions to ensure accuracy of the forecast. Communicate issues to management as needed.
  • Perform backup role for complex pricing desk procedures including load modeling, morning update routines, PQM system aggregations and special product requests.

     

Qualifications:

  • Bachelor’s degree in Business, Finance, Accounting, Economics, Mathematics, Engineering or related discipline is required.
  • Relevant degree or course work or certification in basic statistical analysis and modeling is preferred.
  • Minimum of 6 years of relevant work experience (Analyst IV) and 8 years relevant work experience (Analyst V) is required. Familiarity with regulated and competitive power markets.
  • General experience or knowledge with commodity markets including power and natural gas is preferred.
  • Possess advanced skill with Excel, Access and other Microsoft Office products.
  • Strong project management skills with experience leading cross-functional teams.

 

 

 


Benefits, Compensation & Workforce Diversity

At FirstEnergy, employees are key to our success. We depend on their talents to meet the challenges of our changing business environment. We are committed to rewarding individual and team efforts through our total rewards philosophy which includes 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, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of our employee rewards programs. FirstEnergy proudly supports workforce diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with a disability. No recruiters or agencies without a previously signed contract. Unable to sponsor or transfer H-1B visas at this time.

Safety

Safety is a core value for FirstEnergy and is essential to all of our business activities. We ensure employees have the tools, information, and processes to perform their duties in a manner that assures safety for themselves, their co-workers, our customers and the public. Our goals are to provide a safe work environment, to maintain an accident-free, injury-free workplace, and to promote and maintain public safety. To meet these goals, we dedicate ourselves to achieving world-class safety standards.

Position Classification

Exempt 

 

# CB   # LI-LI

FirstEnergy Human Resources Team


Nearest Major Market: Akron
Nearest Secondary Market: Cleveland

Job Segment: Pricing, Engineer, Statistics, Business Analyst, Project Manager, Operations, Engineering, Data, Technology