Economic Load Forecasting Analyst

FirstEnergy Corp.; Akron (OH); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Total rewards philosophy

Company pension plan

401(k) with matching employer contrib.

Job summary

FirstEnergy is seeking an Economic Load Forecasting Analyst to join the Strategy organization in an onsite role.

The position supports financial planning and forecasting for regulated distribution and transmission, coordinating with business units and management to prepare energy, peak load, and revenue forecasts for decision-making.

Qualifications

• Bachelor’s degree in Mathematics, Statistics, Economics, Engineering, Computer Science, Information Technology, Business, Finance or related discipline required.
• Advanced degree is a plus.
• Proficient in Microsoft Office applications (Excel, Word, PowerPoint).
• Experience with large datasets and forecasting processes.

Responsibilities

• Support the customer, energy and revenue forecast processes.
• Represent the Company’s energy load forecasts through rate proceedings and other regulatory filings as needed.
• Streamline forecasting processes to improve accuracy and efficiency.
• Use data mining and analytical tools to enhance forecast processes.
• Evaluate forecast input data for accuracy and identify trends/outliers.
• Support regulatory filings related to forecasts.
• Coordinate periodic actual results and forecasting data reporting.
• Provide timely, accurate information and reporting to stakeholders.
• Develop positive working relationships with employees at all levels.
• Suggest improvements to complex work processes and projects.
• Track and analyze financial KPIs.
• Understand FirstEnergy’s financial and strategic goals.

Skills

Data analysis

Forecasting

Python

R

SQL

Excel

Communication

Education

Bachelor's degree

Advanced degree a plus

Tools

Microsoft Office

Python

R

SQL

Job description

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 safety, reliability, and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of 3,780 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 either FirstEnergy’s Akron, OH; Greensburg, PA; or Reading, PA location.

Position level and compensation will be determined based on the selected candidate’s education, relevant experience, demonstrated skills, and overall qualifications.

The Economic Load Forecasting Analyst provides financial planning and/or reporting activities as a member of the Strategy organization. This individual supports the financial forecasting and analysis specific to the regulated distribution and transmission business segment within FirstEnergy as well as direct coordination on FirstEnergy consolidated financial results. The group is also responsible for preparing timely and accurate energy, peak load, and revenue forecasts for use by the business units and management to support decision-making.

The position reports to the Director of Load Forecasting.

Responsibilities include:

• Support the customer, energy and revenue forecast processes
• Represent the Company’s energy load forecasts through rate proceedings and other regulatory filings as needed
• Streamline existing and develop new forecasting processes to improve accuracy and efficiency
• Effective use of data mining and analytical tools to enhance forecast processes and prepare relevant analyses
• Evaluate forecast input data for accuracy, with the ability to detect trends and outliers.
• Support regulatory filings related to forecasts
• Coordinating periodic actual results and forecasting data reporting, including various forms of financial management schedules
• Providing excellent customer service through timely and accurate information, analysis and reporting
• Able to develop positive working relationships with employees at all levels
• Offer ideas and suggestions to improve complex work processes and projects
• Supporting the tracking and analysis of the financial key performance indicators
• Developing effective working relationships with employees at all levels of FirstEnergy
• Understanding the financial and strategic goals of FirstEnergy
• Perform various customer analyses by effectively compiling, analyzing and comparing large volumes of billing data
• Maintain a safe workplace for coworkers

Qualifications:

• Bachelor’s degree in Mathematics, Statistics, Economics, Engineering, Computer Science, Information Technology, Business, Finance or related discipline required. Advanced degree a plus.
• A minimum of 4-8 years’ relevant work experience is required. Relevant work experience includes working knowledge of in-depth data analysis, reporting and forecasting processes, rate and regulatory filings, or financial statement analysis.
• Proficient in Microsoft Office applications (Excel, Word, PowerPoint).
• Experience working with large datasets.
• Experience with programming languages, such as Python, R, and SQL a plus.
• Demonstrate a questioning attitude to learn, produce results, and develop relationships.
• Strong critical thinking skills.
• Desire to continue to learn and grow.
• Display analytical abilities, including problem solving and decision making.
• Deliver quality, accurate work within established deadlines.
• Sound written and verbal communication skills.
• Ability to work in a team environment.
• Excellent written and oral communication skills.

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 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.