Manager, Rates and Regulatory Affairs - PA (50611)
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.
About the Opportunity
This is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]
The Manager of Rates and Regulatory Affairs - Pennsylvania oversees the work of Rate Analysts for a diverse set of financial calculations, reconciliations, reports, and audits. The Manager works with departments throughout FirstEnergy to compile and oversee regulatory filings and interact / engage with regulatory staff on resolution of those filings.
Candidates desiring remote, hybrid, or onsite work will be considered. However, it is preferred the candidates are within a 4-hour driving distance of the main office in Reading, PA for team meetings and collaboration, (as needed) and the State capital in Harrisburg, PA, given expectations of participation in regulatory proceedings.
- Managing and overseeing the work of Rate Analysts for rider calculations, tariff updates, rider reconciliations, reporting on riders, rider audits, calculations of quarterly return on equity (ROE) / Earnings Reports and other financial analyses.
- Submitting routine filings and interacting / engaging with regulatory staff on resolution of routine filings.
- Overseeing rate design, bills impact analyses, and preparation of exhibits and testimony for regulatory proceedings and rate cases.
- Managing discovery process in regulatory proceedings.
- Leading process to respond to Tariff and customer questions from state operations.
- Maintaining awareness and knowledge of relevant current events and issues and actively representing and successfully advocating for the Company’s positions and interests.
- Representing the department or the Company in internal and external policy discussion and development and, as authorized, exercising the proxy of the Director.
- Implementing appropriate development plans and priorities while providing ongoing feedback, guidance, and training for the staff.
- Bachelor’s degree in finance, accounting, economics, mathematics, or equivalent /related discipline is required.
- Minimum 7 years relevant work experience is required. Relevant work experience includes regulatory accounting, rate and financial analyses, and tariffs.
- Previous regulatory experience preferred
- Understanding of financial statements and regulatory accounting
- Experience leading cross-departmental projects
- Experience developing or working with diverse teams and building an inclusive work environment
- Project management skills, including change management
- Leadership skills, including managing teams and/or complex projects
- Excellent communications skills, written and verbal
- Strong financial acumen and superior analytical abilities, including problem solving and decision making
- Strong understanding of rate making and regulatory process
- Strategic thinker and thought leader with respect to regulatory matters
- Proficient in Microsoft Office applications (Excel, PowerPoint, Outlook, and Word).
- Highest standards of business conduct and ethical behavior
- Role models and reinforces the FE Values & Behaviors
- Demonstrate thorough understanding of ratemaking concepts, including revenue requirements, cost allocation, cost of service, and rate of return
- Previously testified before a regulatory body and/or supporting a witness in testimony preparation in rate cases or regulatory proceedings
- Experience interacting with Commission Staff or other members of the external regulatory community
- SAP / Business Explorer / QlikView and other data querying tools
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 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.
FirstEnergy Human Resources Team