Analyst- Regulatory Accounting

FirstEnergy; Akron (OH); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

401(k) savings plan with employer contribution

Competitive pay plus incentive compensation

Tuition reimbursement

Job summary

A leading electric utility is seeking an Analyst in Regulatory Accounting to support the Controller's Department with data analysis, journal entries, and regulatory compliance. The ideal candidate will have a background in finance and 4 years of relevant experience. This role offers comprehensive benefits and a chance to make a significant impact within a safety-focused organization.

Qualifications

• 4 years of professional experience required.
• Advanced degree is a plus.
• Demonstrate a questioning attitude and desire to learn.

Responsibilities

• Provide data and variance analysis to regulatory agencies.
• Perform monthly calculations and prepare journal entries.
• Reconcile balance sheet accounts during the monthly process.

Skills

Excel

Communication

Time Management

Analytical Thinking

Education

Bachelor's degree in Business, Finance, Accounting

Tools

SAP

Microsoft Office

Job description

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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 with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]

This position is responsible for supporting the company's Controller's Department by participating in the monthly closing process as well as providing data and variance analysis to various regulatory agencies and auditors both internal and external. Additionally, this analyst will work with the different Rate Departments to ensure the regulatory deferrals are being refunded or recovered as intended.

All positions are onsite and may be located near the Akron, OH or Greensburg, PA location.

Responsibilities include:
- Subject matter expert on specific regulatory deferrals, perform the monthly calculations and prepare the journal entries
- Preparing and analyzing data to respond to requests from internal and external auditors
- Preparing and analyzing complex data to be submitted to FERC, various state commissions and internal management
- Reconcile balance sheet accounts for the monthly BlackLine process
- Preparing journal entries during the monthly close process
- Prepare portions of state specific regulatory memos and disclosure documents
- Lead and develop solutions to improve the accuracy or efficiency of complex business processes and /or projects
- Conducting ad hoc research, analyze data, interpret results, and assist in implementation of regulatory mechanisms and financial reporting
- Coordinating and reviewing responses to rate case interrogatories
- Responsible for developing and maintaining controls for SOX compliance
- Understanding the financial and strategic goals of FirstEnergy
- Educating and directing others on technical subject matters, improving programs and process effectiveness, and making significant contributions to the achievement of goals and objectives
- Serving as a "thought leader" and technical resource for less tenured employees
- Promoting a sense of urgency in the team for reaching goals and meeting deadlines
- Maintaining a safe workplace for coworkers and the community based upon knowledge of potential hazards and industry relations/requirements

Qualifications include:
- Bachelor's degree in Business, Finance, Accounting or related discipline required. Advanced degree a plus
- Minimum 4 years professional work experience required
- Proficient in Microsoft Office tools, including Excel, PowerPoint, Word, Access, and other business-unit specific applications.
- Experience working with SAP preferred
- Demonstrate a questioning attitude to learn, produce results and develop relationships
- Desire to learn, grow and work across FirstEnergy and deliver results
- Develop effective working relationships with employees at all levels
- Ability to deliver quality, accurate work within established deadlines
- Excellent time management skills
- Ability to lead by example
- Demonstrate a questioning attitude
- Superior written and verbal communication skills; Ability to formally present complex subject matter to all levels of management

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.

Position Classification

Exempt

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Electric Power Transmission, Control, and Distribution

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