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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, Accounting Policy & Control report to the Director, Accounting Policy and Controls. This position is considered mobile and can be based within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey), with travel as needed.

Direct reports to the Manager include analysts of varying skill set/experience, as well as other outside resources as we look at leveraging outside firms to assist in supporting activities.

This group provides guidance of cost settlement and technical accounting configuration of the regulated distribution and transmission companies, including the accounting and settlement of capital project costs in compliance with applicable accounting rules, regulations, and guidance. The Manager, Accounting Policy & Control oversees a department focused on accounting guidance, policies, and controls associated with Energy Delivery Operations. Specifically, projects completed in the lines (wires), substations, generation, and intangible/general segments of FirstEnergy’s regulated business. The areas of expertise include financial cost flows between systems, construction cost policies and procedures, and compliance of Energy Delivery work management functions.

Responsibilities:

• Provide strategic guidance to the regulated operations such as determining capital vs. expense policy decisions

• Provide financial insights to project and work spend

• Support financial close and processes for Energy Delivery

• Oversee and monitor work orders to ensure proper accounting treatment

• Lead a team in developing meaningful controls to monitor the appropriateness of charging as well as capital and O&M treatment to support compliance with our accounting policies as well as support the unitization process via our Work Management and Financial systems

• Lead a team in procedure development and adherence related to accounting and accounting related transactions through existing and new system integrations, such as CREWS, CASCADE, OMA, FieldNet, PowerPlan, and SAP

• Partner with the business owners of noted applications to ensure proper cost flow, settlements, and financial interactions occur

• Oversee the process in developing, updating, and communicating accounting policies for Energy Delivery

• Provide training and guidance to Operations staff to help consistent operating practices between Operations and FEU Finance procedures.

• Lead and develop the team with a focus on FirstEnergy’s Core Values and Behaviors, as well as other priorities of the Controllers Department and Finance organization

• Support key regulatory filings and reporting, ensuring effective operation of internal controls, collaboration with the General Accounting, Technical Accounting, Property Accounting and Financial Reporting departments

• Supports annual audit inquiries and testing

Qualifications:

• Bachelor’s degree in accounting, finance or related discipline required

• Minimum of 7 years relevant work experience is required. Relevant work experience includes experience in accounting, financial or financial-support role

• Performs in accordance with the FirstEnergy Core Values & Behaviors, leads by example, and demonstrates how these values and behaviors align with the Company’s mission, priorities, objectives, and interests

• Fosters an inclusive work environment that supports FirstEnergy’s overall goal of diversity and inclusion

• 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

• Practices thoughtful listening in order to promote mutual trust

• Builds relationships through collaboration and teamwork

• Guides and focuses employees to create a sense of urgency to deliver results

• Creates a positive work environment and demonstrates a sense of ownership for the outcomes of group efforts

• Seeks and encourages continuous improvements within departments and across the organization

• Displays initiative, passion, and courage, which inspires employees

• Familiarity with MS Office, SAP, GAAP and FERC accounting/reporting required

• Familiarity with PowerPlan, CREWS, CASCADE, ADAPT, SAP cost flows and cost collectors (Orders, WBS, Cost Centers), 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 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

Exempt

FirstEnergy Human Resources Team