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.

 

FirstEnergy takes a market-based approach to pay, which may vary depending on your location.  In addition, your actual base salary will depend on various factors such as your skills, qualifications, and experience. 

The estimated pay range for this role is $123,250 - $174,000.  The pay range for certain locations, including the state of New Jersey, include a 20% differential to account for an increased cost of living, making the pay range $147,900- $208,800.

 

The Manager of FET Finance will be responsible for the management, forecasting, budgeting, updating, and reporting of the Transmission Portfolio and Distribution program projects and select distribution projects to achieve the defined portfolio goals. The team works closely with Transmission Business Services, Operating Company, and corporate stakeholders. The position is responsible for all managerial aspects of the team including professional development, mentoring, coaching, and leadership.

Responsibilities:

Demonstrate commitment to and foster team commitment to the FirstEnergy Core Values and Behaviors including safety. Develop, coach and mentor the team. Provide strategic vision of process improvements to develop overall best practices. Review of detailed project forecasts and ensure project forecast and accrual meetings are performed. Establish monthly forecasts and maintain them until the project is in-serviced and closed out. Forecast material, contractor/internal resource levels needed to support execution. Translate the Capital Portfolio into the working forecast by ensuring correct entry into the forecast tool and UI Planner. Meet financial objectives by preparing an annual budget and the 5-year forecast; scheduling expenditures; analyzing variances; and identify corrective actions. Work with FEU and Transmission stakeholders to accurately forecast Transmission capital and O&M projects' budgets, forecasts, material, and labor requirements, to meet the required schedule and in-service dates. Support the Rate Development Process for formula recovery filings (PTRR & ATRR) and data requests from various stakeholders for both Distribution and Transmission. Perform monthly financial reporting direct, settled, and in-serving. (Labor (internal/external) and material) Perform ad hoc project and portfolio reporting as needed. Provide project status reports including recurring, standard and ad hoc reports that address the status of scope, budget, and schedule for the assigned projects. Create, analyze, monitor the project accounting, and ensure that appropriate accounting and asset ownership supports the various facets of the project and identify any necessary filings that need made. This would also include the on-going management of the required CIAC payments needed between affiliates or outside entities. Provide coordination of the various sources of asset ownership and ensure all sources (Powerplant, transmission maps, Cascade, etc.) are aligned. Support the closeout process for transmission projects. Ensure appropriate documentation is obtained at closeout. Review CWIP balances for projects that are/should be in-serviced. Provide support to cleanup outstanding balances for closeout. Coordinate the required documentation to closeout projects timely. Review, monitor and maintain the in-service forecast for current year and 5-year window by project. Develop and maintain new analysis and reporting tools as needed to support the Reporting needs.

Qualifications:
  Bachelors degree in Accounting, Finance or related discipline preferred or equivalent work experience. Advanced degree is preferred. Minimum of 5 years supervisory experience required. Demonstrated supervision experience is preferred. 10 years of relevant Professional work experience including financial analysis, accounting, financial reporting required. Proficient with Microsoft Office tools including Excel, PowerPoint, Word, Access Working knowledge of FE specific systems such as SAP, PowerPlan, UI Planner is preferred. Reporting tools Qlikview, Power BI preferred Excellent interpersonal skills, strong written and verbal communication skills and strong analytical abilities are required. Travel may be required at times across the FirstEnergy system. Support of storm activities.
 

 

 

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. 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. 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.