Transmission Strategic Ventures Analyst

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, it 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 Service Company, a subsidiary of First Energy Corp.

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

The Analyst will support the Transmission Strategic Ventures team within the PJM Strategy & Connection Support organization. The role will provide financial and program management support for First Energy 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.

The liaison sits at the intersection of finance, joint venture governance and strategic execution. It plays a key role in ensuring financial accuracy, regulatory alignment and effective coordination between the Company and its external strategic partners. It will also support PJM bid proposal strategy and evaluation of projects submitted through PJM’s Regional Transmission Expansion Plan (RTEP) Open Window process.

• 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

• Bachelor's Degree in Finance, Accounting or related field; MBA or relevant master’s degree a plus
• 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 First Energy and deliver…