Manager Rates and Regulatory Affairs - NJ Finance & Regulatory at FirstEnergy in Holmdel, NJ

Job description

FirstEnergy About the Opportunity This is an open position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp. FirstEnergy takes a market-based approach to pay, which may vary depending on your location. In addition, your actual base salary will depend on various factors such as your skills, qualifications, and experience. The estimated pay range for this role is $157,590 - $222,480. The Manager, Rates & Regulatory Affairs position is a critical leadership role responsible for the development and execution of JCP&L's regulatory strategy and recovery of significant operating and capital investments through approved rates and riders. The position serves as a key interface between the company and external regulatory stakeholders while coordinating cross-functional efforts across Accounting, Finance, Operations, Engineering, Legal, and Customer organizations. The importance of this role has increased significantly as JCP&L manages a growing capital investment program focused on reliability, resiliency, grid modernization, AMI deployment, storm hardening, and customer-focused initiatives. These programs require sophisticated regulatory strategies, timely cost recovery mechanisms, and comprehensive stakeholder engagement to ensure appropriate recovery and support continued investment in the electric system. The position provides essential leadership for major regulatory proceedings, including base rate cases, rider filings, cost recovery mechanisms, tariff revisions, and policy initiatives. Failure to maintain dedicated leadership in this area would increase regulatory risk, potentially delay recovery of authorized investments, reduce organizational responsiveness to regulatory requirements, and impair the company's ability to effectively support strategic business objectives. Given the complexity of New Jersey's regulatory environment, the frequency and significance of ongoing regulatory proceedings, and the need to protect both customer and shareholder interests, backfilling this position is necessary to maintain continuity of expertise, preserve key stakeholder relationships, support critical business initiatives, and ensure successful execution of JCP&L's regulatory and financial objectives. The position also provides vital institutional knowledge and leadership within the Rates & Regulatory Affairs organization and is essential to supporting the company's long-term strategic and financial plans. Responsibilities to include: Regulatory Strategy & Case Management Lead the development, coordination, and execution of state regulatory filings before the New Jersey Board of Public Utilities (BPU). Manage base rate cases, rider proceedings, cost recovery filings, and other regulatory applications to support recovery of operating and capital investments. Develop regulatory strategies that balance customer affordability, financial objectives, and operational needs. Rates & Tariff Administration Oversee the design, implementation, and maintenance of JCP&L tariffs. Analyze rate impacts and customer bill implications associated with proposed regulatory actions. Ensure tariff compliance and support implementation of approved regulatory changes. Financial & Regulatory Analysis Lead preparation of revenue requirement analyses, cost-of-service studies, rate design evaluations, and financial exhibits. Partner with Finance, Accounting, and Finance teams to assess regulatory impacts on earnings, cash flow, and customer bills. Support long-range planning and investment recovery strategies. Regulatory Filings & Testimony Coordinate development of testimony, discovery responses, data requests, and regulatory presentations. Manage interactions with internal subject matter experts and external consultants. Ensure regulatory filings are accurate, technically sound, and delivered on schedule. Stakeholder Management Build and maintain constructive relationships that support productive regulatory outcomes. Represent JCP&L in technical conferen