Business Analyst - Regulated Commodity Sourcing

FirstEnergy

About the Opportunity

This is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]

Regulated Commodity Sourcing (RCS) is an innovative team responsible for the management of FEU Default Service Programs ensuring compliance while minimizing exposure to FE and our customers. We create value by applying our knowledge of market fundamentals to procure $4.5B in power purchases annually for our customers.  We consistently track, monitor, and procure over $253M in compliance obligations across our service territory ensuring all obligations are timely met.

Responsibilities include:

• Develop strong support relationships with Legal, Rates, and Regulatory teams assisting with the development and management of FirstEnergy Utilities (FEU) default service procurement plans ensuring compliance while minimizing exposure to FE and customers.
• Execute and procure Renewable Energy Credits (RECs) to ensure renewable compliance in all states.  Actively develop and manage position reports utilized to support REC transactions, invoicing of RECs, allocation of RECs across FEU, and timely retirement of RECs within PJM GATS as required. 
• Qualify FEU owned renewable generators for state REC certification and collaboratively manage with Rates and Customers Services retail renewable energy tariff programs to support Company sustainability goals and customer preference for the development and implementation of renewable generation.
• Contract management, analysis, and evaluation of all Public Utility Regulatory Policies Act (PURPA contracts) to ensure cost control and reduced exposure to FE and our customers.
• Monitor and manage FEU’s load forecasting tool, Nostradamus which is an artificial neural network model aimed at providing accurate load forecasts and assisting with the development of locational marginal price (LMP) and understanding the relationship that external factors have on load demand and price.
• Assist the RCS team with effectively communicating market intelligence and market risk while responding to data requests from internal and external parties in an effort to help shape outcomes and support Company initiatives.
• Prepare and manage forecasts, ensuring compliance with corporate, fiscal, legal, environmental, and risk management policies to minimize and limit corporate liability, manage risk, and optimize value.
• Stakeholder engagement.
• Monitor and analyze energy markets, regulatory changes, and geopolitical factors to identify opportunities and mitigate risks, while adding value to the overall RCS organization.
• Adhering to all FE risk policy and control requirements, all state and federal code-of-conduct standards, and all FE Standard of Conduct and Code of Conduct policies.

The Successful Candidate Should Exhibit the Following Behavioral Traits:

• Familiarity with one or more of the following: Energy Markets, Alternative energy Portfolio Standards, Risk Management, PJM Markets.
• Organizational skills.
• Detail orientation skills.
• Programing and automation skills a plus.
• Efficient time management skills.
• Stakeholder and partnering skills including a willingness to collaborate effectively.
• Willingness to influence win/win outcomes with internal and external business partners.
• Tolerance for ambiguity in a highly fluid work environment.
• Willingness to take initiative, assume ownership, and drive results.
• Data analytics skills to break complex problems into smaller components for resolution.
• Negotiation skills.
   

Qualifications at the Associate Business Analyst level include:

• Two- or four-year degree in a related discipline preferred, with minimum 4 years relevant work experience required.  In lieu of degree, 7 years relevant, direct work experience will be required:
  • Load forecasting, power, or renewable energy credit procurements
  • Contract management or data analytics in the power markets (PJM Preferred)
  • Exposure to statistical analysis/load or financial forecasting methods
  • Ability to conduct research independently and analyze data; interpret results; assist in implementation activities
  • Ability to contribute to solutions by taking initiative in developing alternatives and recommendations
  • Deliver quality, accurate work within established deadlines
  • Demonstrate excellent interpersonal skills and written and oral communication skills
  • Prepare and deliver presentations for a variety of audiences
  • Excellent problem-solving and decision-making skills
  • Proficient with Microsoft Office applications including Excel, PowerPoint, and word.  Experien