Transmission Strategic Ventures Analyst

FirstEnergy at a GlanceWe 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 OpportunityThis is an open position with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.This is a full-time, on-site position located in Akron, OH.SummaryThe Analyst will support the Transmission Strategic Ventures team within the PJM Strategy & Connection Support organization. This role provides financial and program management support for FirstEnergy Transmission's strategic partnerships, presently including Valley Link Transmission and Grid Growth Ventures.This role will help shape the financial infrastructure supporting strategic transmission partnerships, ensuring that cost structures, accounting treatment, and regulatory alignment are designed appropriately.This highly collaborative position sits at the intersection of finance, joint venture governance and strategic execution. The candidate will play a key role in ensuring financial accuracy, regulatory alignment and effective coordination between the Company and its external strategic partners. The role will also support PJM bid proposal strategy and evaluation of projects submitted through PJM's Regional Transmission Expansion Plan (RTEP) Open Window process.Key Responsibilities:Monitor and ensure accurate and timely tracking of strategic venture costs and earningsDevelop and maintain cost structures in compliance with regulatory recovery, sponsor billings and joint venture governance requirementsPrepare and review sponsor billings, capital contributions, cash settlements and distribution calculationsSupport monthly close activities including journal entry preparation, reconciliations and variance analysis related to Joint Venture activitiesPrepare and assist in development of executive-level materials for Steering Committees, Boards of Managers, and Senior LeadershipProvide meaningful contributions to regulatory filings, discovery processes, formula rate inputs and financing documentation as assignedPrepare routine and ad hoc financial reports, analyses and data compilationsMaintain compliance with operating agreements, governance provisions and internal controlsLead or support internal finance and accounting determinations related to strategic ventures, including cost collector design, project setup, and alignment with FERC Uniform System of AccountsEvaluate and develop recommendations related to the application of overheads and allocations to joint venture-related costs in coordination with Accounting, Rates & RegulatoryCoordinate information flow between the Company and its strategic partnersAssist with budget preparation and periodic forecast updatesIdentify and implement opportunities to enhance financial processes, controls, and reporting across strategic partnersSupport proposal strategy and internal review of transmission projects submitted in PJM's RTEP Open Window process, including post-submission tracking and documentation of awarded projectsQualifications:Bachelor's Degree in Finance, Accounting or related field; MBA or relevant master's degree a plus10+ years of relevant experience in finance, rates & regulatory strategy, or operations, preferably within an electric utilityStrong financial acumen with the ability to connect financial results to operational and strategic outcomesProficiency in Microsoft Office applications (Word, Excel, PowerPoint)SAP proficiency and strong familiarity with cost flowsStrong knowledge of GAAP and FERC accounting principlesExcellent written and verbal communication skillsDemonstrate a questioning attitude to learn, produce results and develop relationshipsDesire to learn, grow and work across FirstEnergy and deliver resultsProactive mindset with the ability to anticipate issues and propose solutionsAbility to work independently and manage multiple tasks/duties while maintaining accuracy and timelinessMaintains a continuous improvement mindset and seeks opportunities to improve and enhance processes in a self-directed manorFamiliarity with PJM transmission planning processes, including the RTEP open window frameworkFoster a culture of learning by actively sharing knowledge/expertise and supporting team developmentBenefits, Compensation & Workforce DiversityAt 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.SafetySafety 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 ClassificationExemptFirstEnergy Human Resources Team