Manager, Transmission Planning & Reporting

FirstEnergy Corp; Akron (OH); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive pay

Pension plan

401(k) matching

Medical insurance

Job summary

FirstEnergy Corp in Akron, OH is seeking a leader for Transmission Finance. This role reports to the Director, Transmission Finance and focuses on budgeting, forecasting, and detailed financial planning for the Transmission segment.

The successful candidate will provide strategic insights to support operations and finance and will build strong business partnerships across FP&A, Treasury, and Operations. The position supports leadership in providing actionable guidance, building a foundation of

Qualifications

• Bachelor's degree in finance, accounting, engineering, or related discipline required.
• Advanced degree is a plus.
• 10+ years of relevant work experience with increasing impact and responsibility.
• Relevant work experience includes budgeting, forecasting, and financial analysis of O&M, Capital, or full P&L results.
• Strong financial acumen, including in-depth knowledge of financial statement analysis, budgeting/forecasting theory and process, and internal/external reporting functions.
• General knowledge of GAAP and FERC accounting principles.
• Regulated finance experience is a plus.
• Understanding of the State and Federal regulatory framework and ability to translate recommendations into actions to optimize results.
• Demonstrated leadership skills, including ability to lead by example, coach others, provide constructive feedback, build high-performing teams, and empower others.
• Proven ability to develop business partnerships and earn trust across organizations.
• Commitment to role modeling FirstEnergy’s values and behaviors, transparency, continuous learning and improvement.
• Strong verbal and written communication skills.
• Expert analytical skills with a track record of solving complex issues and providing clear, logical, and impactful solutions.
• Technical expertise in Microsoft Office applications, including Excel, PowerPoint, and Word.

Responsibilities

• Maintain a safe workplace for coworkers and the community.
• Lead budgeting, forecasting, analysis, and reporting processes/deliverables for Transmission. This includes, but is not limited to, detailed O&M and capital planning, full P&L ownership, balance sheets, cash flows and credit metrics and coordination across multiple departments, Brookfield and our Joint Venture to ensure plans are executable and meet strategic goals and driving accountability for results.
• Primary interface with key stakeholders on Transmission’s budget, forecast, analysis, and performance, including Utility Leadership, external stakeholders and numerous other departments across the company. This includes establishing a clear connection between Transmission financial plans and performance with FirstEnergy’s, Brookfield’s, and Valley Link’s strategic goals.
• Overseeing reporting requirements of FirstEnergy, the FET board, Brookfield and Valley Link are critical aspect of this role. This includes creation of Board and strategy retreat materials, deep dives of specific topics, scenario planning including long-term forecasts beyond a typical forecast horizon.
• Create and review certain SEC filings and disclosures as they relate to FET as they are an SEC registrant. Additionally, create and review SEC filings and disclosures as they relate to FE as part of the Stand-Alone Transmission reporting segment.
• Assist in certain accounting activities such as invoice approvals and accruals.
• This role also includes support for non-stand‑alone transmission (e.g. WV, MD and NJ) activities and certain substation reporting and analysis.
• Build a business partner model and mindset to facilitate communication, increase business knowledge of teams, identify opportunities, mitigate risks, and drive results. This includes full P&L, balance sheet, cash flows and other financial performance accountability; identifying, communicating, and executing strategic insights; and developing and implementing risk mitigation strategies.
• Lead team of analysts responsible for direct support of business partners.
• Oversee team in day-to-day processes, including cost/project management and compliance activities.
• Provide growth opportunities for analysts to develop well-rounded financial analysis skills and become influential business partners.
• Create and lead a decision support function to provide strategic insights and recommended actions based on thorough analysis and understanding of operations, finance, and regulatory strategies and expectations.
• Educate direct team and across organizations on technical subject matters, providing clear, concise, and actionable learnings.
• Lead the identification, design, and implementation of process improvements.

Skills

Financial analysis

Budgeting

Forecasting

Leadership

Communication

Excel

PowerPoint

SAP

UI Planner

Education

Bachelor's degree in finance

Engineering degree

Advanced degree

Tools

Excel

PowerPoint

Word

SAP

UI Planner

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 with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. This is a full-time, on-site position located in Akron, Ohio.

Summary

This position is a key role on Transmission team reporting to the Director, Transmission Finance. The primary office location for this role will be in Akron, OH. The successful candidate will support financial planning, reporting and analysis for the Transmission segment. This leader plays a pivotal role in providing strategic insights to support operations and finance, with the ability to communicate informed, actionable guidance aligned with organizational goals by building a strong foundation of business partnerships. This position serves as the primary communication link on financial performance between Transmission Leadership, Utility Leadership, FP&A, the Controller's Department, Treasury, FET Finance and various other groups.

Responsibilities

• Maintain a safe workplace for coworkers and the community based upon knowledge of potential hazards and industry regulations/requirements.
• Lead budgeting, forecasting, analysis, and reporting processes/deliverables for Transmission. This includes, but is not limited to, detailed O&M and capital planning, full P&L ownership, balance sheets, cash flows and credit metrics and coordination across multiple departments, Brookfield and our Joint Venture to ensure plans are executable and meet strategic goals and driving accountability for results.
• Primary interface with key stakeholders on Transmission’s budget, forecast, analysis, and performance, including Utility Leadership, external stakeholders and numerous other departments across the company. This includes establishing a clear connection between Transmission financial plans and performance with FirstEnergy’s, Brookfield’s, and Valley Link’s strategic goals.
• Overseeing reporting requirements of FirstEnergy, the FET board, Brookfield and Valley Link are critical aspect of this role. This includes creation of Board and strategy retreat materials, deep dives of specific topics, scenario planning including long-term forecasts beyond a typical forecast horizon.
• Create and review certain SEC filings and disclosures as they relate to FET as they are an SEC registrant. Additionally, create and review SEC filings and disclosures as they relate to FE as part of the Stand-Alone Transmission reporting segment.
• Assist in certain accounting activities such as invoice approvals and accruals.
• This role also includes support for non-stand‑alone transmission (e.g. WV, MD and NJ) activities and certain substation reporting and analysis.
• Build a business partner model and mindset to facilitate communication, increase business knowledge of teams, identify opportunities, mitigate risks, and drive results. This includes full P&L, balance sheet, cash flows and other financial performance accountability; identifying, communicating, and executing strategic insights; and developing and implementing risk mitigation strategies.
• Lead team of analysts responsible for direct support of business partners.
• Oversee team in day-to-day processes, including cost/project management and compliance activities.
• Provide growth opportunities for analysts to develop well-rounded financial analysis skills and become influential business partners.
• Create and lead a decision support function to provide strategic insights and recommended actions based on thorough analysis and understanding of operations, finance, and regulatory strategies and expectations.
• Educate direct team and across organizations on technical subject matters, providing clear, concise, and actionable learnings.
• Lead the identification, design, and implementation of process improvements.

Qualifications

• Bachelor's degree in finance, accounting, engineering, or related discipline required.
• Advanced degree is a plus.
• 10+ years of relevant work experience with increasing impact and responsibility.
• Relevant work experience includes budgeting, forecasting, and financial analysis of O&M, Capital, or full P&L results.
• Strong financial acumen, including in-depth knowledge of financial statement analysis, budgeting/forecasting theory and process, and internal/external reporting functions.
• General knowledge of GAAP and FERC accounting principles.
• Regulated finance experience is a plus.
• Understanding of the State and Federal regulatory framework and ability to translate recommendations into actions to optimize results.
• Demonstrated leadership skills, including ability to lead by example, coach others, provide constructive feedback, build high-performing teams, and empower others.
• Proven ability to develop business partnerships and earn trust across organizations.
• Commitment to role modeling FirstEnergy’s values and behaviors, transparency, continuous learning and improvement.
• Strong verbal and written communication skills.
• Expert analytical skills with a track record of solving complex issues and providing clear, logical, and impactful solutions.
• Technical expertise in Microsoft Office applications, including Excel, PowerPoint, and Word.
• Experience in SAP and UI Planner a plus.

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.

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.

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

FirstEnergy Human Resources Team