First Energy Corp. Analyst I/II in Akron, Ohio
Location: Akron, OH, US, 44320
Job Function: Finance
Employee Type: Reg Full Time (FT)
Requisition ID: 1121
FirstEnergy at a Glance
FirstEnergy (NYSE: FE) is dedicated to 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 diverse generating fleet with a total capacity of nearly 17,000 megawatts.
About the Opportunity
This is an open position with FirstEnergy Solutions (FES), a subsidiary of FirstEnergy Corp. [FES]
FirstEnergy Solutions Load Forecasting department is responsible for forecasting hourly energy demand, prices and generation for short, medium and long term; bid demand forecasts into PJM and MISO; assist in day-to-day operation decisions, and support budgeting process. The hourly forecasts are generated using various statistical methods and neural network models. Strong analytical skills, data mining proficiency and reporting is required to continuously monitor and improve forecast models and explain forecast and budget variance. FES Load Forecasting group is responsible for the weekly update and upload to Aligne of committed demand and revenue forecast. Forecast is derived using detailed individual customer load profiles, costs and revenue rates, aggregated by month to channel and EDC.
The position reports to the Manager, Load Forecasting and is located at the West Akron Campus (WAC).
Managing the assumptions/inputs in the energy demand, price, and generation models
Updating and calibrating neural network forecast models
Updating hourly shopping ratios by EDC and revenue class used in POLR forecast
Performing multivariate studies to determine economic, weather, demographic and other variables driving energy consumption and price
Submitting and validating energy demand bids to PJM and MISO portals.
Providing and tracking performance of hourly energy demand and DALMP forecast to internal and external clients
Providing technical advice and assistance to others within the company and group
Providing variance explanation of next day, mid-month, and budget forecasts
Responding to ad-hoc requests for special analysis of data
Auditing loads for new customers to verify integrity of customer data
Reviewing changes/updates on customer information and requests
Bachelor’s degree in (Business, Finance, Accounting, Economics, Mathematics, Engineering, or related discipline) required. Advanced degree a plus.
Minimum 0-4 years professional work experience required
Proficient with Microsoft Office tools, including Excel, PowerPoint, Access and Word.
Demonstrate a questioning attitude to continue to learn, produce results, and strengthen existing relationships
Possess a sound knowledge of various researching techniques
Desire to continue to learn and grow, work across FirstEnergy Corp., and deliver results
Ability to develop effective working relationships with employees at all levels of FirstEnergy Corp. and to work both independently and within in a team environment
Deliver quality, accurate work within established deadlines
Excellent written and verbal communication skills
Ability to use neural network software (Nostradamus, MatLab, NeuralPower, or similar artificial intelligence technology) to develop forecast models.
Strong analytical and problem solving skills and experience in developing analytical models.
Basic statistical analysis and modeling. Relevant degree or undergraduate/graduate course work or certification is preferred.
Ability to gather, analyze, interpret and summarize substantial amounts of data and present in a concise manner.
Knowledge of power systems, commodity markets and generation dispatch is preferred.
Experienced knowledge of Excel, Access, Hyperion, PCI, Oracle, SAS, MatLab. Demonstrate capability to apply those tools to streamline internal forecasting processes. Knowledge of Visual Basic and .Net is a plus.
Demonstrate ability to work in an extremely dynamic and fast-paced team environment with strict deadlines. Effectively work on project independently.
Willingness to contribute in weekend and holiday daily forecast process
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
Nearest Major Market: Akron
Nearest Secondary Market: Cleveland
Job Segment: Database, Developer, Engineer, ERP, Oracle, Technology, Engineering