FirstEnergy - Akron, OH

posted 2 months ago

Full-time - Mid Level
Akron, OH
Utilities

About the position

FirstEnergy is a forward-thinking electric utility dedicated to integrity, safety, reliability, and operational excellence. This position is with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp, and is responsible for maintaining the company's books and records in accordance with the Federal Energy Regulatory Commission's (FERC) Uniform System of Accounts. The role is situated within the Regulatory Accounting & Reporting department, which serves as a central hub for all FERC reporting and accounting activities. The position is remote and can be based anywhere within the FirstEnergy service territory, which includes Ohio, Pennsylvania, West Virginia, Maryland, and New Jersey. The primary responsibilities of this role include coordinating the SAP processing of FERC accounting derivation and trial balance creation, leading the preparation of all quarterly and annual FERC reporting, and ensuring adherence to regulatory requirements across various jurisdictions. The successful candidate will conduct FERC accounting and reporting research on industry comparisons and new company transactions, making recommendations as necessary. Additionally, the role involves supporting state and federal regulatory strategies, interfacing with internal and external stakeholders, and coordinating tests and reviews associated with audits. As a subject matter expert for the FERC Uniform System of Accounting, the individual will provide guidance and education across the organization, demonstrating influence, collaboration, and ownership in solving complex challenges. This position requires a commitment to the overall success of the team and the ability to develop and maintain effective working relationships across the organization.

Responsibilities

  • Coordination of the SAP processing of FERC accounting derivation and trial balance creation
  • Leading the preparation of all quarterly and annual FERC reporting, including filing of the documents through our Workiva system
  • Ensuring adherence to regulatory requirements for each state and federal jurisdiction
  • Conducting FERC accounting and reporting research with respect to hot topics, industry comparisons and new and complex company transactions and making recommendations
  • Supporting state/federal regulatory strategies in conjunction with leadership, including rate case filings and data requests
  • Interfacing with various internal and external stakeholders, primarily Rates and Legal, and internal and external auditors
  • Coordinating tests and reviews associated with internal and external audits and analyzing results to develop and implement corrective actions
  • Recommending and implementing solutions to improve work processes, and promoting efficient and effective operations
  • Serving as a subject matter expert for the FERC Uniform System of Accounting responsible for providing guidance and education across the organization
  • Demonstrating influence, collaboration, and ownership by leading others in solving highly complex challenges

Requirements

  • Bachelor's degree in Accounting, Finance or related discipline required
  • Minimum 10 years relevant work experience required
  • Relevant work experience will include financial acumen, understanding of SAP and FERC uniform system of accounts, reporting & research experience
  • Experience and proficiency with SAP and FERC accounting required
  • Advanced skills with Microsoft Office applications (Excel, PowerPoint, and Word)
  • Demonstrating a questioning attitude while maintaining a commitment to the overall success of the team
  • Ability to develop and maintain effective working relationships across the organization and lead projects
  • Superior written and oral communication skills, including the ability to communicate technical issues in a clear and concise manner
  • Desire to learn, grow and work across FirstEnergy to deliver quality results within established deadlines
  • Superior analytic abilities

Benefits

  • Competitive pay plus incentive compensation
  • Company-sponsored pension plan
  • 401(k) savings plan with matching employer contribution
  • Choice of medical, prescription drug, dental, vision, and life insurance programs
  • Skills development training with tuition reimbursement
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