Analyst V - Treasury - Akron General Office Bldg at FirstEnergy Corp in Akron, Ohio

Job Description:

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 FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]

This role will be responsible for cash flow reporting and working capital optimization across the organization. This will require conducting in-depth analysis and implementing processes that will improve the company's cash position as well as creating a sustainable framework. In addition, there will be a focus on compliance requirements, including PCI (Payment Card Industry), NACHA (National Automated Clearinghouse Association), short-term debt compliance, regulated money pool etc., and monitoring/recommending regular subsidiary dividend/equity infusion requirements to management.


Responsibilities include:

• Support working capital and cash flow management across the organization. This includes reporting, analysis, and continuous improvement.
• Collaborate with various departments to assess financial performance, interpret variances, and identify potential areas of risk or opportunity. Conduct in-depth analysis to derive meaningful business insights and develop actionable recommendations based on findings.
• Timely and accurate cash flow monitoring including month-end/quarter-end cash flow reporting and analysis.
• Collaborate with other members of the Finance Team to verify the accuracy of the cash flow budget/forecast and provide recommendations/modifications as needed.
• Maintain, develop, and enhance cash flow reporting systems and processes to ensure proper visibility to cash flow data.
• Create automated reporting that transforms data into meaningful and actionable information for all levels of the organization. Analyze trends and patterns in the data to gain a deeper understanding of working capital performance and use this knowledge to make data-driven recommendations and strategic decisions.
• Deliver meaningful insights into business performance by creating and reporting of relevant KPIs.
• Anticipate gaps and proactively collaborates with teams to implement solutions.
• Perform benchmarking analysis by comparing working capital performance against industry peers, best-in-class organizations, and historical data.
• Collaborate with various stakeholders including Rates, Strategy, Accounting and Corporate departments to determine and recommend appropriate subsidiary dividends/equity infusions, while maintaining compliance with regulatory requirements and FirstEnergy's money pools.
• Provide complete cooperation and support to both internal and external auditors' requests of data during audits and SOX reviews.
• Monitor and administer short-term debt and money pool compliance daily.
• Determine any changes or new compliance requirements, as needed, through collaboration with other pertinent Treasury staff.
• Engage third-party to conduct mandatory annual PCI/NACHA attestations of compliance.
  • Will require coordination with internal stakeholders including Cyber Security, IT, Customer Group, Finance, and various other business units.
  • Ensure business units, such as Customer, WAC Cafeteria, and Products adhere to credit card acceptance Policy and Procedures
  
  

Qualifications include:

• A bachelor's degree in business, Accounting, Finance, or equivalent required and an advanced degree is a plus.
• Minimum 13 years' relevant work experience is required.
• Extensive knowledge and understanding of financial transactions and FirstEnergy-related systems required.
• Ability to clearly articulate and anticipate how business decisions impact working capital and liquidity.
• Cash flow experience a plus.
• Ability to coordinate across multiple priorities with proven organizational skills.
• Is skilled at analyzing opportunities & problems, recommending solutions, and communicating effectively & confidently (both verbal and written)
• Strong analytical and numeric skills, excellent attention to detail
• Proven customer service skills and ability to build effective working relationships.
• Solid computer skills with a proficiency in SAP and Microsoft Office (Excel, Word and PowerPoint) are necessary.

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


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