Analyst Accounting Policy and Controls

FirstEnergy Corp; Greensburg (Westmoreland County); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Competitive pay plus incentive

Company pension plan

401(k) with company match

Medical, prescription, dental, vision,

Life insurance

Tuition reimbursement

Job summary

FirstEnergy Corp seeks an experienced accounting professional to join the Accounting Policy and Controls team. The role focuses on journal entries, close processes, and cost analysis within Energy Delivery, ensuring compliance with GAAP and FERC requirements.

The ideal candidate will have 7+ years of related experience, strong SAP and PowerBI skills, and the ability to collaborate across departments, maintaining internal controls and supporting regulatory filings.

Qualifications

• Bachelor's degree in Business, Finance, Accounting, Economics, or related discipline is required. Advanced degree a plus.
• Minimum 7 years' related work experience is required.
• Working knowledge of SAP and FERC uniform system of accounts, reporting and forecasting processes.
• Proficient with Microsoft Office applications (Excel, PowerPoint, Access and Word).
• Familiarity with GAAP and FERC accounting/reporting; SAP cost flows preferred.

Responsibilities

• Maintaining a safe workplace in line with regulations and company policies.
• Supporting monthly, quarterly, and annual financial close entries for Energy Delivery.
• Preparing capitalization and reclassification journal entries and write-offs.
• Conducting reserve processes and cost-related analyses on a monthly basis.
• Facilitating and maintaining SOX controls and PPE narratives.
• Providing data extraction and manipulation using query tools for various databases.

Skills

Financial analysis

SAP

QlikView

PowerBI

Microsoft Excel

Communications

Data manipulation

Education

Bachelor's degree in Business, Finance, Accounting, Economics, or related discipline

Tools

SAP

PowerPlan

CREWS

CASCADE

O M A (Order Management) systems

Job description

JOB DESCRIPTION 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 within FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. The reporting location for this onsite position may be based at any FirstEnergy Service location, including but not limited to Akron, OH; Williamsport, MD; Reading, PA; Greensburg, PA; and Erie, PA. This position is in the Accounting Policy and Controls organization within the Controller's department. The Controller's Department is focused on staff development and professional growth in an industry dealing with complex and technical business issues. Accounting Policy and Controls serves as a group providing cost settlement and technical accounting configuration guidance and compliance with such guidance for our regulated companies. Our areas of focus are but not limited to: accounting guidance, policies, system configurations, unitization, and controls for Energy Delivery Operations. Areas of expertise include financial cost flows between systems, construction cost policies and procedures, and compliance of Energy Delivery work management functions. The position reports to the Director, Accounting Policy and Controls.

Responsibilities

• Maintaining a safe workplace for coworkers and the community based upon knowledge of potential hazards and industry regulations/requirements
• Alignment with FirstEnergy's Core Values and Behaviors as well as priorities of the Controller and Finance organization
• Assisting and coordinating monthly, quarterly, and annual financial close entries and processes for Energy Delivery by developing or approving financial journal entries and accruals
• Preparation of capitalization and reclassification journal entries such as Rubber Goods, Lineman Essentials, Small Tools, Claims and Make Ready write off entries
• Conducting Non-Consumption SD (Sales Distribution) Reserve process on a monthly basis
• Conduct Storm Resettlement Process between capital and O&M on a monthly basis as well routine updates to variables within the process
• Prepare Blackline reconciliation for related accounts
• Support Mutual Assistance Storm accounting process when applicable
• Facilitating and maintaining SOX Controls and PPE narratives as well as operating controls around in-servicing
• Strategic guidance to regulated operations such as Capital vs O&M determination
• Developing and conducting pre-unitization controls on projects and work orders
• Supports annual audit inquiries and testing
• Procedure development and adherence related to accounting transactions through existing and new system integrations, such as CREWS, CASCADE, OMA, FieldNet, PowerPlan, and SAP
• Support regulatory filings and reporting
• Ensuring effective operation of internal controls through collaboration with General Accounting, Technical Accounting, Property Accounting, and Financial Reporting departments
• Performing financial analysis, evaluations and providing ad-hoc support as necessary
• Extracting and manipulating data using query tools for various databases and systems
• Learning and exercising sound decision making and developing alternatives and recommendations to improve work processes
• Consistently anticipating and delivering against a defined action plan
• Conducting business-specific research, analyzing data, interpreting results and assisting with implementation activities

Qualifications

• Bachelor's degree in Business, Finance, Accounting, Economics, or related discipline is required. Advanced degree a plus.
• Minimum 7 years' related work experience is required.
• Relevant work experience includes but is not limited to a working knowledge of financial acumen, understanding of SAP and FERC uniform system of accounts, reporting and forecasting processes, rate and regulatory filings, accounting, taxes, capital markets, credit rating agency protocols, and financial statement analysis
• Proficient with Microsoft Office applications (Excel, PowerPoint, Access and Word)
• Demonstrate a questioning attitude to learn, produce results and develop relationships
• Desire to learn, grow, and work across FirstEnergy and deliver results
• Excellent analytical abilities
• Develop effective working relationships with employees at all levels
• Ability to deliver quality, accurate work within established deadlines
• Excellent written and oral communication and time management skills
• Excellent time management skills
• Proficient with SAP, Qlikview and PowerBI applications & a willingness and ability to evolve to an expert level
• Familiarity with GAAP and FERC accounting/reporting
• Familiarity with SAP, PowerPlan, CREWS, CASCADE, and other work management systems preferred
• Familiarity with SAP cost flows and cost collectors (Orders, WBS, Cost Centers) and FEU work management process and procedures preferred

Benefits, Compensation & Workforce Diversity

• 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
• skills development training with tuition reimbursement

Please visit our website at www.firstenergycorp.com to learn more about all 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 currently.

Safety

Safety is a core value for FirstEnergy and is essential to all 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.