Transmission Accounting Analyst

Socket.dev; Akron (OH); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Competitive pay & incentives

Pension plan

401(k) with employer match

Medical, dental, vision and life保险

Tuition reimbursement

Job summary

FirstEnergy is seeking an accounting professional to provide support for the FirstEnergy Transmission Business from an Akron-area site. The role will consolidate reports, forecast costs, and deliver timely GAAP and FERC accounting guidance to leadership across FEU Finance and corporate departments.

You will analyze financial and operational data, prepare general ledger entries, and support annual formula rate processes, with emphasis on accuracy, cross-functional collaboration, and improving

Qualifications

• Bachelor's degree in Accounting, Finance, or Business required.
• General knowledge of financial statement analysis.
• Proficient with Microsoft Office tools: Excel, PowerPoint, Access, Word.
• Demonstrate a questioning attitude to learn and deliver results.

Responsibilities

• Support annual formula rate process and respond to discovery.
• Calculate and record revenue monthly and analyze variances.
• Analyze data to drive financial and operational improvements.
• Prepare and review FERC forms.
• Support quarterly and annual financial reporting.
• Provide GAAP and FERC guidance impacting financial results.

Skills

Analytical abilities

Questioning attitude

Financial analysis

Education

Bachelor's degree in Accounting, Finance, or Business

Tools

Excel

PowerPoint

Access

Word

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 within FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.

This position will be onsite and will need to reside near the Akron, OH or Greensburg, PA locations.

This position will provide accounting support and guidance for the FirstEnergy Transmission Business and serve as the communication link between FET Leadership, FEU Finance, Regional Business Services, and various Corporate Departments. This entails, but is not limited to: interpreting financial and operational data on an ad hoc basis to support development of financial and operational solutions, maintaining accurate management and financial reporting, consolidating FET reports, maintaining accurate forecasting for cost controls, identifying and implementing business improvements to achieve optimal financial and operational results, maintaining and reporting key performance indicators, and assisting in business plan development and establishing financial targets.

Responsibilities include:

• Supporting annual formula rate process including responding to discovery and working with rates department to ensure positive financial outcomes
• Calculating and recording revenue on a monthly basis and analyze any variances to budget
• Conducting strategic research, analyzing data and utilizing results to implement solutions
• Assist in preparation and review of various FERC forms
• Performing financial analysis, evaluation and ad-hoc support as necessary
• Supporting quarterly and annual financial reporting process
• Contributing to solutions and exercising sound decision making by developing alternatives and recommendations to improve work processes
• Preparing and/or reviewing general ledger entries
• Providing guidance to business on GAAP and FERC accounting requirements and impact to financial results
• Providing excellent customer service through timely and accurate information, analysis and reporting
• Developing effective working relationships with employees at all levels of FirstEnergy
• Understanding the financial and strategic goals of FirstEnergy

Qualifications include:

• Bachelor’s degree in Accounting, Finance, or Business required
• General knowledge of financial statement analysis
• Proficient with Microsoft Office tools, including Excel, PowerPoint, Access, and Word
• Demonstrate a questioning attitude to learn, produce results, and strengthen existing relationships
• Desire to continue to learn, grow and work across FirstEnergy and deliver results
• Excellent analytical abilities

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.

• 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 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 currently.

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.