Rates Analyst - Transmission Finance & Regulatory

First Energy 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.

First Energy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, First Energy 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.

This is an open position with First Energy Pennsylvania Electric Company, a subsidiary of First Energy Corp.

This is a full-time, on-site position located in Akron, OH.

• 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 Power Plan) 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 First Energy organization, specifically focused on departments that provide information/data needed for the transmission formula rate making process
• Establishing internal and external professional networks

• 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)
• Familiarity with SAP, Qlikview, UI Planner, and Power Plan 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

At First Energy, 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…