Engineer - Asset Management

Job Description

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.

Work location will be determined based on business needs and the selected candidate.

About the Opportunity

The Asset Performance Management Engineer is responsible for monitoring, evaluating, and improving the health, performance, reliability, and risk profile of transmission and distribution assets through data-driven analysis, engineering assessments, and risk-based decision-making. This role supports the development and execution of asset management strategies by analyzing asset condition and operational data, conducting risk and contingency assessments, investigating equipment failures, and identifying opportunities to enhance asset reliability and fleet performance.

The position plays a key role in facilitating asset risk reviews, developing mitigation strategies, supporting contingency planning, and providing technical recommendations that inform operational, maintenance, capital investment, and asset replacement decisions. The Asset Management Engineer also supports the implementation and continuous improvement of Asset Performance Management (APM) system, ensuring the accuracy and integrity of asset data, advancing asset health methodologies, and enhancing analytical tools, dashboards, and reporting capabilities.

Working collaboratively with Substation Operations, Engineering, Transmission & Substation Services (TSS), Information Technology (IT), Asset Performance Monitoring, and external partners, the Asset Management Engineer applies industry standards, emerging technologies, and best practices to continuously improve asset management processes, reduce risk, and support the safe, reliable, and cost-effective operation of the electric system.

Asset Health, Risk Management, and Contingency Planning

• Monitor, evaluate, and assess the condition, performance, reliability, and overall health of transmission and distribution assets, including power transformers, circuit breakers, capacitor banks, and other substation equipment.
• Provide fleet-level analysis and interpretation of asset condition, diagnostic, maintenance, operational, and reliability data—including Dissolved Gas Analysis (DGA), oil quality test results, inspection findings, maintenance records, and online monitoring data—leveraging information from multiple systems and platforms such as APM, Cascade, TOA, PI Vision, and other asset monitoring and data management applications.
• Develop and maintain criticality indices for the various asset types that depict the importance of each asset such that better risk-based decision making can be completed.
• Assess the availability, readiness, and effectiveness of contingency solutions, including mobile transformers, spare transformers, system reconfiguration options, and emergency restoration strategies.
• Lead or support asset risk review meetings with operating companies and cross-functional stakeholders to evaluate asset health, assess risk exposure, review contingency options, and develop mitigation plans for critical assets and assets requiring ongoing monitoring and follow-up.
• Document, maintain, and track mitigation actions within asset management systems and collaborate with Substation Operations, Engineering, TSS, and other stakeholders to ensure timely execution and closure of risk reduction initiatives.
• Follow established asset management processes and frameworks while actively contributing to their continuous improvement through enhancements to asset health assessment methodologies, risk evaluation models, risk review practices, leveraging lessons learned, emerging technologies,…