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FirstEnergy · 1 day ago

Rates Analyst - Transmission Finance & Regulatory

Akron, OH, United States

Full-time

Onsite

Entry Level

1+ years exp

FirstEnergy is a forward-thinking electric utility committed to making customers’ lives brighter and communities stronger. The Rates Analyst will support regulatory actions and rate cases related to transmission, assist in financial analysis, and develop proficiency in transmission rate structures.

Clean EnergyEnergyEnergy EfficiencyInformation Services

No H1B

Responsibilities

Supporting appropriate regulatory actions in all FE transmission-related jurisdictions

Supporting FE transmission-related rate cases before FERC

Provide support in preparation of the associated annual updates for each of the companies with a transmission formula rate

Assist in developing and editing responses to intervenor inquiries into the annual formula rate filings

Prepare, calculate, and review monthly revenue requirement calculations for each of the companies with a transmission formula rate that are utilized in each companies’ monthly revenue recognition process

Assist in providing and coordinating financial variance analysis associated with projected revenues vs. actual revenues

Prepare quarterly reviews on the financial data within Form 3Q as well as the annual FERC Form No. 1

Review and analyze property accounting reports (sourced from PowerPlan) for accuracy

Create and execute queries and analysis on the transmission-related financial forecasts, sourced from UI Planner (or similar forecasting products)

Developing proficiency in various concepts surrounding transmission rate structures and associated formula rates

Providing analytical support to experienced rates personnel and rates management

Assisting in creating presentations for varying management requests

Provide rate and revenue requirement analysis to assist in determining financial strategies

Assisting management and coworkers, developing and implementing well-defined practices and procedures

Conducting business-specific research, analyzing data, interpreting results, and making recommendations

Actively seeking formal and informal learning opportunities to better understand evolving regulatory and policy issues

Exercising sound decision making by developing alternatives and recommendations to advance Company positions and improve work processes

Developing effective working relationships throughout the FirstEnergy organization, specifically focused on departments that provide information/data needed for the transmission formula ratemaking process

Establishing internal and external professional networks

Qualification

AccountingFinanceAnalytical abilitiesMicrosoft OfficeSAPDesire to learnCritical thinkingProblem solvingTeamworkCommunication skills

Required

Bachelor's degree in Accounting, Finance, Economics, Mathematics, Business, or related discipline is required

Proficient in Microsoft Office applications (Excel, Word, PowerPoint, and Outlook)

Strong critical thinking skills

Display analytical abilities, including problem solving and decision making

Deliver quality, accurate work within established deadlines

Sound written and verbal communication skills

Able to work in a team environment

Demonstrate a questioning attitude to learn, produce results, and develop relationships

Desire to continue to learn and grow

Exercise independent judgment on basic projects and assignments

Preferred

Minimum 1 year of relevant work experience preferred

Familiarity with SAP, Qlikview, UI Planner, and PowerPlan a plus

Benefits

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

Company

FirstEnergy

Glassdoor3.6

We are a forward-thinking electric utility centered on integrity, powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger.

Founded in 1997

Akron, Ohio, USA

10001+ employees