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Transmission Rates Analyst

Location: 

Akron, OH, US, 44308

Job Function:  Regulatory
Employee Type:  Reg Full Time (FT)
Requisition ID:  40925

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 the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]

 

The Transmission Rates Analyst position is within the Transmission, Rates & Regulatory Affairs department located at the General Office in Akron, Ohio.

 

Responsibilities include:

 

  • Supporting appropriate regulatory actions in all FE transmission-related jurisdictions
  • Supporting FE transmission-related rate cases before FERC
  • Providing support in preparation of the associated annual updates for each of the companies with a transmission formula rate  
  • Assisting in developing and editing responses to intervenor inquiries into the annual formula rate filings
  • Preparing, calculating, and reviewing monthly revenue requirement calculations for each of the companies with a transmission formula rate that are utilized in each companies’ monthly revenue recognition
  • Assisting in providing and coordinating financial variance analysis associated with projected revenues vs. actual revenues
  • Preparing quarterly reviews on the financial data within Form 3Q as well as the annual FERC Form No. 1
  • Reviewing and analyzing property accounting reports (sourced from PowerPlan) for accuracy
  • Creating and executing queries and analysis on the transmission-related financial forecasts, sourced from UI Planner
  • 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

 

Qualifications

 

  • Bachelor’s degree in Accounting, Finance, Economics, Mathematics, Business, or related discipline is required
  • Minimum 0 - 2 years relevant work experience is required.  Relevant work experience includes financial analysis, accounting, economics, conducting research and working with data.
  • Proficient in Microsoft Office applications (Excel, Word, PowerPoint) 
  • Familiarity with SAP a plus
  • 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

 


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 

 

FirstEnergy Human Resources Team

 

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Nearest Major Market: Akron
Nearest Secondary Market: Cleveland

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