FirstEnergy Corp

Analyst Accounting Policy and Controls

FirstEnergy Corp • $88K — $105K *
Akron, OH 44312In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Accounting, Economics, or related discipline required; advanced degree preferred.
  • Minimum 7 years of relevant work experience is necessary.
  • Strong knowledge of financial acumen, SAP systems, and FERC uniform system of accounts required.
  • Proficient in Microsoft Office Suite including Excel, PowerPoint, Access, and Word.
  • Demonstrate a proactive, questioning attitude and the ability to form relationships at all levels of the organization.
  • Excellent analytical, communication, and time management skills are essential.
  • Familiarity with GAAP and regulatory reporting preferred.

Responsibilities

  • Ensure a safe workplace by understanding potential hazards and regulations.
  • Align team efforts with FirstEnergy's core values and the Controller's organizational priorities.
  • Assist with financial close processes by developing and approving journal entries and accruals.
  • Prepare capitalization and reclassification journal entries for various operational needs.
  • Conduct monthly evaluations for sales distribution reserves and manage storm resettlement processes.
  • Support and maintain SOX Controls, including developing narratives related to in-servicing activities.
  • Facilitate annual audit processes and support regulatory filings.

Benefits

  • Competitive pay plus incentive compensation.
  • Company-sponsored pension plan alongside a 401(k) savings plan with employer matching.
  • Choice of medical, prescription drug, dental, vision, and life insurance programs.
  • Access to skills development training and tuition reimbursement.
  • Commitment to individual and team efforts through a total rewards philosophy.
Full Job Description
Job Description

About the Opportunity

This is an open position within FirstEnergy Service Company, a subsidiary of FirstEnergy Corp.

The reporting location for this onsite position may be based at any FirstEnergy Service location, including but not limited to Akron, OH; Williamsport, MD; Reading, PA; Greensburg, PA; and Erie, PA.

This position is in the Accounting Policy and Controls organization within the Controller's department. The Controller's Department is focused on staff development and professional growth in an industry dealing with complex and technical business issues. Accounting Policy and Controls serves as a group providing cost settlement and technical accounting configuration guidance and compliance with such guidance for our regulated companies. Our areas of focus are but not limited to: accounting guidance, policies, system configurations, unitization, and controls for Energy Delivery Operations. Areas of expertise include financial cost flows between systems, construction cost policies and procedures, and compliance of Energy Delivery work management functions.

The position reports to the Director, Accounting Policy and Controls.

Responsibilities include:
  • Maintaining a safe workplace for coworkers and the community based upon knowledge of potential hazards and industry regulations/requirements
  • Alignment with FirstEnergy's Core Values and Behaviors as well as priorities of the Controller and Finance organization
  • Assisting and coordinating monthly, quarterly, and annual financial close entries and processes for Energy Delivery by developing or approving financial journal entries and accruals
  • Preparation of capitalization and reclassification journal entries such as Rubber Goods, Lineman Essentials, Small Tools, Claims and Make Ready write off entries
  • Conducting Non-Consumption SD (Sales Distribution) Reserve process on a monthly basis
  • Conduct Storm Resettlement Process between capital and O&M on a monthly basis as well routine updates to variables within the process
  • Prepare Blackline reconciliation for related accounts
  • Support Mutual Assistance Storm accounting process when applicable
  • Facilitating and maintaining SOX Controls and PPE narratives as well as operating controls around in-servicing
  • Strategic guidance to regulated operations such as Capital vs O&M determination
  • Developing and conducting pre-unitization controls on projects and work orders
  • Supports annual audit inquiries and testing
  • Procedure development and adherence related to accounting transactions through existing and new system integrations, such as CREWS, CASCADE, OMA, FieldNet, PowerPlan, and SAP
  • Support regulatory filings and reporting
  • Ensuring effective operation of internal controls through collaboration with General Accounting, Technical Accounting, Property Accounting, and Financial Reporting departments
  • Performing financial analysis, evaluations and providing ad-hoc support as necessary
  • Extracting and manipulating data using query tools for various databases and systems
  • Learning and exercising sound decision making and developing alternatives and recommendations to improve work processes
  • Consistently anticipating and delivering against a defined action plan
  • Conducting business-specific research, analyzing data, interpreting results and assisting with implementation activities


Qualifications:
  • Bachelor's degree in Business, Finance, Accounting, Economics, or related discipline is required. Advanced degree a plus.
  • Minimum 7 years' related work experience is required
  • Relevant work experience includes but is not limited to a working knowledge of financial acumen, understanding of SAP and FERC uniform system of accounts, reporting and forecasting processes, rate and regulatory filings, accounting, taxes, capital markets, credit rating agency protocols, and financial statement analysis
  • Proficient with Microsoft Office applications (Excel, PowerPoint, Access and Word)
  • Demonstrate a questioning attitude to learn, produce results and develop relationships
  • Desire to learn, grow, and work across FirstEnergy and deliver results
  • Excellent analytical abilities
  • Develop effective working relationships with employees at all levels
  • Ability to deliver quality, accurate work within established deadlines
  • Excellent written and oral communication and time management skills
  • Excellent time management skills
  • Proficient with SAP, Qlikview and PowerBI applications & a willingness and ability to evolve to an expert level
  • Familiarity with GAAP and FERC accounting/reporting
  • Familiarity with SAP, PowerPlan, CREWS, CASCADE, and other work management systems preferred
  • Familiarity with SAP cost flows and cost collectors (Orders, WBS, Cost Centers) and FEU work management process and procedures preferred


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 our employee rewards programs.

About FirstEnergy Corp

FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation's fifth largest investor-owned electric system, serving 4.5 million customers within 36,100 square miles of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of capacity. Our Corporate Vision is to become a leading regional energy provider.

FirstEnergy Corp Careers

Join the dynamic team at FirstEnergy Corp, a leading energy company where innovation, leadership, and diversity are valued. As one of the most prominent energy providers, we offer unparalleled job opportunities that empower you to shape the future of energy.

Work You’ll Do

At FirstEnergy Corp, we are committed to enhancing the quality of life through sustainable practices and smart energy solutions. Our team is at the forefront of the energy sector, driving growth and transformation in an ever-evolving industry. By joining us, you will collaborate with skilled professionals dedicated to pioneering advancements in energy technology.

Explore a World of Opportunities

Whether you're seeking an entry-level position or a more senior role, FirstEnergy Corp provides a platform for professional growth and career advancement. Our diverse range of job opportunities in engineering, customer service, IT, and business management positions us as an ideal employer for ambitious candidates ready to make a significant impact.

Internship Programs

Kickstart your career with FirstEnergy Corp’s internship programs. These opportunities are designed to give you hands-on experience and insights into the energy sector, enhancing your skills and preparing you for future employment. Interns at FirstEnergy Corp gain valuable industry knowledge and practical skills, making them well-prepared for full-time roles within our company.

Culture and Benefits

FirstEnergy Corp is dedicated to fostering a workplace culture that embraces diversity and inclusion. We believe in providing our employees with a supportive environment where everyone can thrive. Our benefits package is comprehensive, including health, retirement plans, and continuous diversity training to ensure every team member can achieve their personal and professional goals.

Professional Development and Networking

We encourage continuous learning and development through a variety of training programs and leadership workshops. FirstEnergy Corp is committed to the professional growth of our employees, offering development programs that cater to enhancing leadership skills and expanding professional networks. Networking within the company and industry is supported and encouraged through various events and initiatives, helping you build valuable connections that can advance your career.

Join Our Team

Are you ready to make a difference? Search open positions that match your skills and interests on our Careers page. We are looking for passionate, curious, and innovative team players who are eager to drive change and excel in their careers. Prepare your resume, sharpen your interview skills, and get ready to join a company that values vision and hard work.

Stay Connected

Keep up to date with the latest news, insider perspectives, and career tips from FirstEnergy Corp. Subscribe to our job alert emails and never miss an opportunity to grow and excel with us. Explore the possibilities today and discover how you can contribute to the future of energy at FirstEnergy Corp. Join us in powering the future!

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Learn more about FirstEnergy Corp
Size
12,395 employees
Market Cap
$23.8 billion
Industry
Energy & Utilities
Net Income
$1 billion
Founded
1997
5 Year Trend
+0.8%
Revenue
$10.7 billion
NASDAQ
FE
* Ladders Estimates

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