FirstEnergy Corp

Analyst II/III/IV - Risk - Akron FirstEnergy Headquarters

FirstEnergy Corp • $76K — $107K *
Akron, OH 44312In-Person
Finance & Insurance
Less than 5 years of experience
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field such as Economics, Mathematics, or Data Science.
  • 2-7 years of experience in risk analytics or related fields depending on Analyst level.
  • Proficiency with data analytics tools like Microsoft Power BI, Python, or R.
  • Strong analytical and critical thinking skills, adaptable across team dynamics.
  • Ability to develop a grasp of risk management processes and contribute to organizational strategies.

Responsibilities

  • Conduct risk analytics to monitor exposure and escalate risks when necessary.
  • Collaborate with the Insurance Strategy & Operations team to assess insurance coverages.
  • Perform analytics for strategic projects and communicate insights to management.
  • Develop and maintain risk models that drive better business outcomes.
  • Support enterprise risk assessments to identify and track key risk indicators.
  • Utilize advanced analytics including regression and machine learning to interpret complex datasets.
  • Enhance risk reporting capabilities through data visualization and dashboard creation.

Benefits

  • Opportunity for professional growth through cross-departmental collaboration.
  • Work in a key strategic area influencing enterprise-wide decision-making.
  • Engagement in analytical projects that drive real business impact.
  • Participation in continuous improvement initiatives for risk models and analytics.
  • Exposure to a variety of business units and strategic challenges.
Full Job Description
Job Description

About the Opportunity

Resume Deadline: August 31, 2026

Market Rate: Analyst II ($76,000/k), Analyst III ($84,000/k), Analyst IV ($107,500/k)

Hiring Manager: Hillary Stewart

Recruiter: Kimberly Dunagan

The position is within the Risk group and reports to the Director, Enterprise Risk Management. It is located onsite within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey).

To meet the strategy of the Corporate Risk department, we are seeking to add Risk Analytics professionals to our team. The primary responsibilities of these professionals in support of the overall ERM function include:
  • It is important that we are able to determine our exposure to key risks and monitor changes to them. This team member will conduct risk analytics to support risk monitoring, calibration (determination of an acceptable level of risk and our status against it), and escalation when risks surpass expected levels.
  • The team will work with the Insurance Strategy & Operations team to evaluate insurance coverages so that we can bring FE's risk within tolerance through proper insurance coverages.
  • There are many strategic projects across FE that are led or supported through risk analytics and strategy integration. This team will need to perform analytics to support business units and senior management to analyze and manage enterprise risks.


The successful candidate will:
  • Seek to gain a solid knowledge of FE's business and strategic objectives and be able to apply that knowledge to embed risk management within FE's strategic goals
  • Work collaboratively in a team that performs cross-functional projects on a wide variety of topics, both quantitative and qualitative, to support FE's strategic priorities
  • Manage several topics at one time and effectively communicate their work to team members
  • Perform risk analytics work that leads to proper insights through the use of data
  • Provide insights on both the philosophical and mathematical approach to risk analytics work
  • Identify and communicate key insights that inform FE's strategy and financial plan


Analyst Responsibilities include:
  • Collaborate across the Corporate Risk Teams and with business units to further integrate risk analytics into business practices using the following data analytics skills:
    • Querying large amounts of data from multiple data sources, interpreting the data and analyzing results using statistical techniques
    • Performing advanced analytics using linear regression, AI & machine learning, and other quantitative methods
    • Identify, analyze, and interpret trends or patterns in complex data sets
    • Employ statistical techniques to scrutinize data and produce actionable business insights
    • Develop data models, dashboards, charts, and visual aids to support decision-making
    • Convey insights through reports and visual presentations
    • Engage with departments to specify data requirements for analysis projects tailored to their unique business processes
  • Become familiar with key strategic models across FE that are used to drive decision-making, including but not limited to: the financial forecast, various business development scenarios, and support for other assumptions
  • Assess Financial Plan assumptions and provide scenario stress testing to create a risk-informed business plan
  • Integrate risk information with teams that are responsible for corporate strategies from both a quantitative and qualitative approach
  • Support Capital Round processes and other project portfolio risk analyses
  • Develop, maintain, and perform continuous improvement on risk analytics models. These models could include, but are not limited to, the Combined Financial Risk Model which provides risk-adjusted earnings and cash ranges, or the Key Performance Indicator risk models which assess FE's likelihood of meeting key operational and safety performance metrics
  • Support the development of focused risk models on key enterprise risks that lead to actionable risk response solutions. Often these models may be transferred back to the business unit for maintenance and/or continuous improvement. This work will be performed in partnership with the full ERM team and the business units
  • Continuously improve a Risk Escalation program by which we quantitatively calculate and monitor risk exposures against defined risk limits. The analyst will support the development, monitoring and maintenance of Risk Escalation metrics, follow escalation process where needed, and publish appropriate reporting
  • Utilize risk analytics to inform proper risk limits across FE's enterprise risks
  • Identify opportunities to further leverage GRACE (FirstEnergy's instance of Archer IRM), Power BI, and other risk management and reporting tools to enhance risk analytics, Key Risk Indicators (KRIs), reporting capabilities, and risk escalation processes.
  • Support the Enterprise Risk Assessment (ERA) processes:
    • Identify and develop key risk indicators or other metrics to monitor risks across ERA process cycles
    • Support deep-dive Risk Reviews of identified top enterprise risks to help quantitatively determine risk exposures and identify metrics to track exposures to important risk drivers
  • Where feasible, utilize risk analytics to determine exposure to risks and identify key risk drivers and root causes that span multiple enterprise risks
  • Support Business Units and Risk teams in risk quantification efforts.
  • Support in risk reporting through data visualization development and other reporting
  • Research and implement new modelling tools and techniques


Qualifications for the Analyst II Position include:
  • Bachelor's degree in Economics, Mathematics, Statistics, Data Science, Finance, Business Administration, Engineering or related discipline required. Advanced degree is a plus but not required.
  • Minimum 2 years relevant work experience required. Relevant experience includes risk analytics, data science, forecasting, quantitative and/or qualitative research, statistical modelling, and/or risk management. Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role.
  • Experience using data analytics tools such as Microsoft Power BI, Python, R, SAS, RapidMiner, [redacted]
  • Excellent analytical, critical thinking, problem-solving and decision-making skills are necessary with proven ability to work effectively in a team environment
  • Ability to develop understanding of risk management process
  • Highest standards of business conduct and ethical behaviors
  • Displays and reinforces the FE Values & Behaviors
  • Preferred experience participating on cross-departmental projects in collaboration with other business units
  • Strong understanding or ability to learn quantitative modelling skills to gain insights from data that will inform strategic decision-making


Qualifications for Analyst III Position include all the above plus:
  • Minimum 4 years relevant work experience required. Relevant experience includes risk analytics, data science, forecasting, quantitative and/or qualitative research, and/or risk management. Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role.
  • Proficient in data analytics tools such as Microsoft Power BI, Python, R, SAS, RapidMiner, [redacted]
  • Strong understanding of quantitative modelling skills to gain insights from data that will inform strategic decision-making
  • Experience participating on cross-departmental projects in collaboration with other business units
  • Project management experience
  • Ability to develop strong understanding of risk management process
  • Effective communication skills, written and verbal

Qualifications for Analyst IV Position include all the above plus:
  • Minimum 7 years relevant work experience required. Relevant experience includes risk analytics, data science, forecasting, quantitative and/or qualitative research, and/or risk management. Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role.
  • Thought leadership in how to maximize use of data analytics tools such as Microsoft Power BI, Python, R, SAS, RapidMiner, [redacted] and ability to teach and coach others
  • Experience leading cross-departmental projects in collaboration with other business units
  • Ability to master risk management process
  • Excellent communications skills, written and verbal

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

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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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