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Manager Distribution & Commodity Accounting

Company: FirstEnergy Corp
Location: Akron
Posted on: April 3, 2024

Job Description:

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 This position reports to the Director, Treasury Services.This position will report to the Director, Regulatory Accounting & Reporting. It is located within our five-state territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey), with travel as needed.This position supervises a team of accounting professionals responsible for maintaining the company's books and records in accordance generally accepted accounting principles and the Federal Energy Regulatory Commission's Uniform System of Accounts. The position also ensures adherence to the regulatory accounting requirements of each state jurisdiction in which the company operates.Responsibilities include:- Manage a team of accountants/analysts responsible for regulated and commodity accounting for the 10 distribution operating companies - Approving monthly journal entries and reviewing general ledger account reconciliations - Providing oversight to financial settlements with third-party suppliers and PJM - Maintaining fuel, emission allowance and other commodity inventory accounts, including processing of related monthly invoices and accounting entries - Interfacing with the various internal and external stakeholders, including Rates, Legal, Regulated Settlements, and internal and external auditors - Coordinating tests and reviews associated with internal and external audits and analyzing results to develop and implement corrective actions, as needed - Recommending and implementing solutions to improve work processes, and promoting efficient and effective operations - Promoting a culture of ownership within the regulatory accounting team to achieve goals and meet deadlines - Supporting state/federal regulatory strategies in conjunction with leadershipQualifications:- Bachelor's degree in accounting, Finance or related discipline required. - Minimum 7 years relevant work experience at progressively increasing levels of responsibility is required. Relevant work experience will include experience in accounting, financial or financial-support role required. - Requires a strong financial acumen and understanding of SAP. - Prior supervisory experience preferred. - Ability to supervise, engage and develop employees on the Regulatory Accounting team. - Experience and proficiency with SAP required. - Proficient with Microsoft Office applications (Excel, PowerPoint, and Word). - Demonstrating a questioning attitude while maintaining a commitment to the overall success of the team. - Ability to develop and maintain effective working relationships across the organization. - Superior written and oral communication skills, including the ability to communicate technical issues in a clear and concise manner. - Desire to learn, grow and work across FirstEnergy to deliver quality results within established deadlines. - Acts in an ethical and professional manner, with the highest level of integrity, and in compliance with the code of business conduct and all relevant policies and procedures.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 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 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. Position Classification ExemptFirstEnergy Human Resources Team

Keywords: FirstEnergy Corp, Akron , Manager Distribution & Commodity Accounting, Accounting, Auditing , Akron, Ohio

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