Supervisor Financial Controls
FirstEnergy · Akron, OH · 1 mo ago
Finance$111k–$157k/yrFull-time
About the role
This is an open position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp. Work location will be determined based on business needs and the selected candidate.
Responsibilities
- Demonstrate commitment to the FirstEnergy Core Values and Behaviors.
- Supervise, coach, and develop a team of analysts and contractors responsible for Transmission project accounting master data, WBS creation, work order creation, and related financial control activities.
- Oversee the timely and accurate creation of Transmission project WBS elements and work orders in SAP to support E365, Program Delivery, Transmission Portfolio Development, and other business needs.
- Ensure accounting compliance of Transmission cost collectors, including proper application of FERC accounting requirements, internal accounting policies, SOX controls, and established business procedures.
- Serve as the primary point of coordination for SOX inquiries related to Transmission-owned projects, including researching questions, gathering support, preparing responses, and ensuring timely resolution.
- Research FERC requirements, internal policies, asset ownership, cost flows, settlement rules, and project accounting attributes to ensure the appropriate accounting principles are applied.
- Review and provide guidance on accounting determinations related to Operating Companies, Transmission vs. Distribution, Lines vs. Substations, voltage levels, capital, removal, O&M, CIAC, and other project accounting considerations.
- Ensure correct project accounting settlement rules are applied and maintained for Transmission projects.
- Support the FET Forecasting group, Project Controls, Program Delivery, and Accounting with project accounting questions, cost collector issues, CIAC activity, journal entry support, and project close-out activities.
- Establish and maintain quality control procedures to ensure the integrity of master data in SAP, PowerPlan, and other systems used to support Transmission project accounting.
- Monitor workload, establish priorities, assign work, and ensure the team can support growth in Program Delivery and increasing Transmission Portfolio requirements.
- Identify and implement process improvements, automation opportunities, reporting enhancements, and standard work practices related to project accounting, financial controls, and master data governance.
- Partner with cross-functional stakeholders to resolve accounting questions, support audit requests, and improve consistency in cost collector creation and project financial controls.
- Support ad hoc research of WBS elements, work orders, accounting attributes, project cost flows, and historical accounting decisions.
- Collaborate with FET Finance, Program Delivery, Project Controls, Forecasting, Accounting, and other business partners.
- Support storm activities as needed.
Qualifications
- Bachelor’s degree in Accounting, Finance, Business, Economics or related discipline preferred or equivalent work experience.
- A minimum of 5 years relevant experience required.
- Prior leadership, supervisory, team lead, or project lead experience is preferred.
- Strong working knowledge of accounting principles, internal controls, financial reporting, and project accounting concepts.
- Knowledge of FERC accounting requirements is strongly preferred.
- Utility accounting experience is preferred.
- Experience with SOX controls, audit support, compliance inquiries, or internal control documentation is preferred.
- Demonstrated ability to research complex accounting questions, interpret policies, apply judgment, and communicate recommendations clearly.
- Strong understanding of Transmission project accounting concepts, including WBS elements, work orders, settlement rules, cost flows, asset ownership, capital, removal, O&M, CIAC, and project close-out activities.
- Working knowledge of FE-specific systems such as SAP, PowerPlan, CREWS, OPPM, Cascade, Transmission GIS, Toad Data Point, or related systems is preferred.
- Proficient with Microsoft Office tools, including Excel, PowerPoint, Word, and Access.
- Strong analytical, organizational, problem-solving, and decision-making skills.
- Excellent interpersonal skills, with strong written and verbal communication skills.
- Ability to lead in a fast-paced environment, balance competing priorities, and support a growing team with increasing workload requirements.
- Ability to build effective working relationships across departments, including Program Delivery, Project Controls, Forecasting, Accounting, and Transmission Business Services.