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 safety, reliability, and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of 3,780 megawatts.
About the Opportunity
This is an open position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp. [SC00]
The Manager, Financial Reporting is responsible for leading the Company's financial reporting function, including SEC reporting, external financial reporting, accounting consolidations, subsidiary reporting, and related regulatory filings. This role serves as a key business partner across the organization and is responsible for ensuring the timely, accurate, and compliant preparation of FirstEnergy's external financial reporting in accordance with U.S. GAAP, SEC regulations, and company policies.
The Manager, Financial Reporting leads a team of financial reporting professionals and works closely with senior leadership, FP&A, Legal, Treasury, Investor Relations, Tax, and other accounting organizations to support the Company's reporting objectives, disclosure requirements, and strategic initiatives. This role also serves as a primary liaison with external auditors regarding financial reporting and disclosure matters.
This position reports to the VP, Assistant Controller Corporate.
Responsibilities Include
SEC Reporting and External Financial Reporting
- Lead the preparation, review, and filing of Forms 10-K, 10-Q, 8-K, and other SEC filings, ensuring compliance with SEC rules and regulations.
- Manage the quarterly and annual disclosure process, including drafting and reviewing MD&A, financial statements, footnotes, and other required disclosures.
- Establish, maintain, and communicate the financial reporting calendar, key milestones, deliverables, and deadlines to ensure timely completion of all external reporting requirements.
- Review and approve financial reporting analyses, supporting schedules, and work product prepared by members of the Financial Reporting team.
- Review XBRL tagging and related filing exhibits to ensure completeness, accuracy, and compliance with SEC requirements.
- Monitor emerging SEC regulations, disclosure trends, and financial reporting requirements and assess impacts on the Company.
Accounting Consolidations and Internal Reporting
- Manage and oversee the monthly accounting consolidation process for FirstEnergy and its subsidiaries.
- Review consolidated financial statements and supporting analyses to ensure accuracy and compliance with U.S. GAAP.
- Support evaluation of complex accounting transactions and provide guidance regarding financial reporting implications alongside the Technical Accounting team.
- Support monthly and quarterly internal financial reporting processes and executive management reporting requirements.
- Ensure the integrity of consolidation systems, reporting structures, and related controls.
Audit and Internal Controls
- Serve as the primary Financial Reporting contact for external auditors and coordinate audit and review procedures.
- Manage the preparation and delivery of audit schedules, supporting documentation, and responses to auditor inquiries.
- Partner with Internal Audit and management to maintain and strengthen internal controls over financial reporting.
- Support management's assessment of internal controls and compliance with SOX requirements.
- Review and enhance financial reporting policies, procedures, and controls to improve efficiency and effectiveness.
Cross-Functional Leadership
- Coordinate with FP&A, Legal, Treasury, Tax, Investor Relations, Regulatory, and other Accounting departments to ensure the completeness and accuracy of financial reporting disclosures.
- Lead cross-functional meetings and disclosure review processes to identify and evaluate significant business events and transactions requiring financial statement disclosure.
- Collaborate with stakeholders throughout the organization to gather, validate, and document information necessary for SEC filings and other regulatory reporting.
- Provide technical accounting and financial reporting guidance to business partners and leadership.
Team Leadership and Development
- Lead, mentor, and develop Financial Reporting staff, promoting a cultur