Analyst Accounting Policy and Controls

FirstEnergy Corp; Williamsport (MD); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Incentive compensation

Pension plan

401(k) with matching

Medical, dental, vision, and life保险

Tuition reimbursement

Job summary

FirstEnergy Corp. is seeking an experienced Accounting Policy and Controls professional for an onsite role placed across multiple FirstEnergy locations, including Williamsport, MD.

The position focuses on policy guidance, cost settlements, and technical accounting configuration, reporting to the Director of Accounting Policy and Controls. The ideal candidate has a bachelor’s degree in a related field and at least 7 years of applicable experience, with strong SAP, PowerBI, and data-analysis

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, Economics, or related discipline.
• Minimum 7 years' related work experience.
• Working knowledge of SAP and FERC uniform system of accounts, reporting and forecasting.
• Proficient with MS Office applications (Excel, PowerPoint, Access and Word).
• Strong analytical abilities and ability to work with cross-functional teams.
• Willingness to learn and collaborate across FirstEnergy.

Responsibilities

• Maintaining a safe workplace for coworkers and the community.
• Assisting and coordinating monthly, quarterly, and annual financial close entries.
• Preparing capitalization and reclassification journal entries.
• Conducting non-consumption SD Reserve process monthly.
• Support Storm accounting processes and SOX controls.
• Extracting and manipulating data for various databases and systems.

Skills

SAP

PowerBI

QlikView

PowerPlan

CREWS

CASCADE

MS Office

Financial analysis

Education

Bachelor's degree in Business/Finance/Accounting/Economics

Advanced degree a plus

Tools

SAP

QlikView

PowerBI

PowerPlan

CREWS

CASCADE

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.