Manager FET Finance

Manager FET Finance at FirstEnergy

FirstEnergy is a forward-thinking electric utility powered by a diverse team committed to making customers' lives brighter, the environment better, and communities stronger. Headquartered in Akron, Ohio, FirstEnergy (NYSE: FE) operates one of the nation's largest investor-owned electric systems, with over 24,000 miles of transmission lines and a regulated generating fleet.

The Manager FET Finance will be responsible for the comprehensive management, forecasting, budgeting, updating, and reporting of the Transmission Portfolio and Distribution program projects, along with selected distribution projects. This role ensures the achievement of defined portfolio goals through close collaboration with Transmission Business Services, Operating Company, and corporate stakeholders. A key aspect of this position is the managerial oversight of the team, including professional development, mentoring, coaching, and leadership.

Responsibilities

• Demonstrate and foster team commitment to FirstEnergy's Core Values and Behaviors, prioritizing safety.
• Develop, coach, and mentor the finance team.
• Provide strategic vision for process improvements to establish overall best practices.
• Review detailed project forecasts and ensure timely project forecast and accrual meetings.
• Establish and maintain monthly forecasts from project inception through in-service and closeout.
• Forecast material, contractor, and internal resource levels required for project execution.
• Translate the Capital Portfolio into a working forecast, ensuring accurate entry into forecasting tools like UI Planner.
• Achieve financial objectives by preparing annual budgets and 5-year forecasts, scheduling expenditures, analyzing variances, and identifying corrective actions.
• Collaborate with FEU and Transmission stakeholders for accurate forecasting of Transmission capital and O&M project budgets, forecasts, material, and labor requirements to meet schedules and in-service dates.
• Support the Rate Development Process for formula recovery filings (PTRR & ATRR) and fulfill data requests from various stakeholders for both Distribution and Transmission.
• Perform monthly financial reporting for direct, settled, and in-serving activities (labor - internal/external, and material).
• Perform ad hoc project and portfolio reporting, providing status reports on scope, budget, and schedule.
• Create, analyze, and monitor project accounting, ensuring appropriate accounting and asset ownership support project facets, identifying necessary filings, and managing CIAC payments.
• Coordinate various sources of asset ownership (Powerplant, transmission maps, Cascade) to ensure alignment.
• Support the closeout process for transmission projects, ensuring documentation is obtained.
• Review CWIP balances for in-serviced projects and support cleanup of outstanding balances for timely closeout.
• Review, monitor, and maintain the in-service forecast for current year and a 5-year window by project.
• Develop and maintain new analysis and reporting tools to support reporting needs.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related discipline is preferred, or equivalent work experience; an advanced degree is a plus.
• Minimum of 5 years of supervisory experience is required; demonstrated supervision experience is preferred.
• 10 years of relevant professional work experience, including financial analysis, accounting, and financial reporting, is required.
• Proficient with Microsoft Office tools, including Excel, PowerPoint, Word, and Access.
• Working knowledge of FirstEnergy specific systems such as SAP, PowerPlan, and UI Planner is preferred.
• Familiarity with reporting tools like Qlikview and Power BI is preferred.
• Excellent interpersonal skills, strong written and verbal communication skills, and strong analytical abilities are required.
• Travel may be required across the FirstEnergy system.
• Support of storm activities is expected.

Key skills/competency

• Financial Management
• Forecasting
• Budgeting
• Financial Reporting
• Project Accounting
• Team Leadership
• Stakeholder Management
• Data Analysis
• Process Improvement
• Regulatory Compliance