Sr Financial Analyst - Transmission

FirstEnergy; Akron (OH); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive pay plus incentive

Company pension plan

401(k) with matching

Medical, dental, vision, life ins.

Tuition reimbursement

Job summary

FirstEnergy Corp. in Akron, Ohio, seeks a seasoned finance professional to support financial planning, forecasting, budgeting, and reporting for the Transmission segment. You will partner with Transmission Operations and leadership to translate plans into performance metrics and drive informed decisions.

The role includes SEC disclosures and board materials. The position is on-site in Akron, with strategic collaboration across finance and operating teams, a focus on accuracy, and opportunity for

Qualifications

• Bachelor’s degree required in finance, accounting, engineering, business, or related discipline.
• Advanced degree preferred.

Responsibilities

• Provide support for the Transmission leadership team with timely, accurate and actionable analytics.
• Support budgeting, forecasting, analysis, and reporting processes/delivers for Transmission Finance, including detailed O&M and capital planning, P&L, balance sheets, cash flows and credit metrics.
• Serve as a Finance Partner engaging with key stakeholders across the company to connect Transmission financial plans and performance.
• Facilitate governance matters related to the FET Board and Brookfield; prepare monthly financial reporting and board materials.
• Assist with SEC filings and disclosures for FET and Stand-Alone Transmission reporting.
• Collaborate to identify continuous improvement opportunities and streamline processes using technology.
• Provide regulatory data/documentation support for rate filings and regulatory proceedings.
• Participate in closing processes, preparing journal entries for Transmission.

Skills

Financial analysis

Budgeting & forecasting

Communication

Analytical thinking

Partnership building

Education

Bachelor’s degree in finance, accounting, engineering, business, or related discipline

Advanced degree preferred

13 years’ related work experience in lieu of a college degree

Tools

SAP

UI Planner

Power BI

Excel

PowerPoint

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.

Job Description

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 either Akron, Ohio or Greensburg, PA.

Summary

This position reports to the Manager, Transmission Planning & reporting. The successful candidate will support financial planning, reporting, and analysis for the Transmission segment. The individual will play a critical role in supporting the company’s financial health by providing accurate financial analysis, forecasting, and reporting. This position is responsible for budgeting, variance analysis, and strategic planning support, working closely with business unit leadership to drive informed decision-making.

Responsibilities May Include

• Provide support for the Transmission leadership team with timely, accurate and actionable analytics. Own and drive clarity into financial reporting.
• Support budgeting, forecasting, analysis, and reporting processes/delivers for Transmission Finance. This includes, but is not limited to, detailed O&M and capital planning, P&L, balance sheets, cash flows and credit metrics.
• Serve as a Finance Partner engaging with key stakeholders such as Transmission Operations, Utility Leadership, Rates, Tax, Controllers and numerous other departments across the company. This includes establishing a clear connection between Transmission financial plans and performance. Increase business knowledge of teams, identify opportunities, mitigate risks, and drive results.
• Facilitate governance matters related to the FET Board and our partner Brookfield. Prepare monthly financial reporting on FET’s results and support the creation of Board and strategy retreat materials.
• Support the creation of certain SEC filings and disclosures as they relate to FET as they are an SEC registrant. Additionally, create SEC filings and disclosures as they relate to FE as part of the Stand-Alone Transmission reporting segment.
• Collaborate with team members to identify and implement continuous improvement opportunities related to our day-to-day activities. Seek ways to streamline and automate processes through technology to increase focus on value-added activities.
• Provide Regulatory support with preparing data and documentation for rate filings and regulatory proceedings
• Participate in the closing process as necessary, preparing journal entries that support Transmission.

Qualifications

• Bachelor’s degree in finance, accounting, engineering, business, or related discipline required. Advanced degree is preferred.
• 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.
• In lieu of a college degree, a minimum of 13 years’ related work experience is required.
• 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.
• 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. Data visualization skill set and technical capabilities with Power BI.

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

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