Analyst II/III/IV/V, Rates & Regulatory Affairs

FirstEnergy; Akron (OH); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Pension plan

401(k) matching

Health insurance

Tuition reimbursement

Workforce diversity

Job summary

FirstEnergy is seeking an Analyst II–V to support regulatory affairs and rates. You will conduct analyses of rate design, revenue requirements, and cost allocation, and assist in preparing testimony and exhibits for hearings.

The role involves data interpretation, collaboration with internal teams, and adherence to deadlines in a dynamic regulatory environment. Location in Ohio requires occasional travel to hearings and meetings; a strong analytical mindset and communication skills are essential

Qualifications

• Bachelor's degree in finance, accounting, economics, engineering, math or related discipline required; advanced degree a plus.

Responsibilities

• Support the Ohio distribution utilities in cost recovery processes and rate filings.

Skills

Analytical abilities

Problem solving

Critical thinking

Decision making

Teamwork

Written and verbal communication

Willingness to travel

Learning orientation

Education

Bachelor's degree in finance

Bachelor's degree in accounting

Bachelor's degree in economics

Bachelor's degree in engineering

Bachelor's degree in mathematics

Advanced degree preferred

Tools

SAP

Business Explorer

Qlikview

Toad

Power BI

Job description

About the Opportunity This is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.

Responsibilities

• Supporting efforts to ensure that FirstEnergy's Ohio distribution utilities (Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company) receive adequate and timely recovery of their costs
• Supporting the Companies’ implementation of House Bill 15, which includes preparation of multi-year rate plan schedules, supporting the writing of testimony, the discovery process, and annual revenue and expense reconciliation
• Using analytical skills to develop an understanding of various ratemaking concepts, including revenue requirements, cost allocation, cost of service, rate of return, regulatory accounting, and the time value of money
• Assisting in strengthening the relationship between FirstEnergy's Ohio utility companies and the Public Utilities Commission of Ohio (PUCO) by establishing rapport with the PUCO Staff and other members of the external regulatory community
• Assisting in the development of strategies on other regulatory and engineering matters, such as grid modernization, emerging technologies, line extensions, and lighting
• Supporting the regional customer service and engineering organizations on matters such as tariff implementation and enforcement, and other customer inquiries
• Conducting business-specific research, analyzing data, interpreting results, and making recommendations
• Meeting the needs of internal and external customers through sound service and responsiveness
• Providing analytical support to management
• Exercising sound decision making by developing alternatives and recommendations to advance Company positions and improve work processes
• Developing effective working relationship with employees within the Rates team and throughout the FirstEnergy organization
• Actively seeking formal and informal learning opportunities to better understand evolving regulatory and policy issues

An employee hired at the Analyst III - V level will be expected to perform all of the above responsibilities with more proficiency, and in a more independent manner. Further, the Analyst III-V level employee may be assigned additional responsibilities related to those above.

Qualifications At The Analyst II Level Include

• Bachelor's degree in finance, accounting, economics, engineering, math or related discipline required. Advanced degree is a plus.
• Minimum 2 years relevant work experience required. Relevant work experience will include analytical, research and relationship building skills. Advanced degree is a plus.
• Proficient in Microsoft Office applications (Excel, PowerPoint, Outlook, and Word). Experience in SAP, Business Explorer, Qlikview, Toad, Power BI, or other data querying tools is a plus.
• Must be willing to travel for business to other company locations and Columbus, Ohio as appropriate for hearings, meetings and other activities, which may include overnight travel.
• Demonstrate a questioning attitude to learn, produce results, and develop relationships.
• Strong analytical abilities, including problem solving, critical thinking, and decision-making.
• Deliver quality, accurate work within established deadlines.
• Strong written and verbal communication skills.
• Ability to work in a team environment.
• Desire to continue to learn and grow.

Qualifications at the Analyst III level include all of the above plus:

• Minimum 4 years relevant work experience required. Relevant work experiences will include intermediate analytical, research and relationship building skills. Advanced degree is a plus.

Qualifications at the Analyst IV level include all of the above plus:

• Minimum 7 years relevant work experience required. Relevant work experiences will include advanced analytical, research and relationship building skills. Advanced degree is a plus.

Qualifications at the Analyst V level include all of the above plus:

• Minimum 10 years relevant work experience required. Relevant work experience will include advanced analytical, research and relationship building skills. Ability to become subject matter expert on Rates and Regulatory Affairs issues with the potential to submit and support expert testimony in Company rate proceedings. Advanced degree is a plus.

Benefits, Compensation & Workforce Diversity

At FirstEnergy, 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 insurance programs, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of 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 at this time.

Safety

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

FirstEnergy Human Resources Team