Senior Accounting And Financial Analyst Job In Toronto

Job Description

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Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.4 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Job Function:

Be responsible to Supervisor for developing, implementing and coordinating business systems, based on guidelines provided by Supervisor, relating to data collection and analysis, work program budget and economic justification studies and provide advice and guidance to Divisional Management personnel and other groups for which they are functionally responsible. Initiate, prepare and review financial evaluations; provide interpretation of financial and accounting policies and procedures to Line Management.

Job Description:

• Develop and implement approved business systems based on interpretation of guidelines provided by supervisor or other staff groups for economic justification, budget preparation and the collection of data for economic analysis. Develop reporting systems and work methods and procedures to ensure that all essential information is obtained and notify all appropriate personnel. Continually review systems to ensure that all requirements are met and modified as required to meet changing financial needs.
• Provide advice and guidance on the above activities to divisional personnel and to regional and other personnel conducting work programs for which the division is functionally responsible to ensure an adequate supply of important and necessary information. Supply guidelines, clarify instructions and deal in problems encountered.
• Participate in the preparation of the business plans and budgets, gathering departmental and regional data, and assessing and accumulating information into appropriate formats. Provide assessment of submitted plans and budgets for accuracy and ensure consistency of budgets with approved Business Plans. Report, analyze and explain budget variances.
• Provide business support to the division in project administration including release, work order and reporting activities.
• Review, revise and coordinate reporting systems with a view to assessing their impact on the division as a whole to ensure that these systems do reflect corporate needs and also the needs of the division and the individual departments. Assess problem areas, discuss with supervisor and responsible department managers and develop and implement revised systems that will meet the immediate needs.
• Assist individual department in defining requirements and evaluating outputs produced each year with the objective of providing a clearer picture of ongoing work and the benefits associated herewith.
• Perform assigned research activities into the most appropriate way and means of describing and measuring the specific groups outputs so that corporate financial requirements for rate review, budgets, etc., can be satisfied and coordinated with internal objectives. Collaborate with affected groups as required. Gather all pertinent data, evaluate and submit recommendations and/or findings to supervisor for consideration.
• Rectify the day-to-day problems associated with areas of responsibility, attend staff meetings and participate in task forces as assigned.
• Prepare and review financial evaluations of expenditure decisions to ensure documents submitted meet both corporate and branch requirements, that the financial assessments are accurately done and the appropriate escalation and present value factors have been used, that the financial evaluation, including assumptions, is analytically sound, and that the financially preferred alternative has been correctly identified.
• Provide assignments to assigned staff with direction and guidance on expected results. Provide periodic progress checks, work along with and identify areas of concern. Provide supervisor with details of staff performance.
• Perform studies relating to effective management and control of accounting and service operations and provide professional advice and guidance to various personnel in the division in the interpretation and use of corporate and branch financial evaluation and internal control policies, procedures, practices and guidelines.
• Perform other duties as required.

Selection Criteria:

• Requires a knowledge of business/financial planning and cost accounting principles, financial analytical techniques and computer applications to develop, implement and maintain financial control systems.
• Requires a good knowledge of English to communicate effectively with internal and external contacts and to prepare technical reports. This knowledge is considered to be normally acquired either through the successful completion of a four year university education in business administration or commerce with an accounting or finance major plus one year further concentrated study and a recognized accounting designation (CGA, CMA, CA) or by having the equivalent level of education.
• Requires experience to be familiar with the regulated utility business.
• Requires experience in payroll, payables, financial evaluations, receiving and cost accounting, to prepare statements and reports, budgeting and the processing of work orders, etc.
• Requires an understanding of the interrelationship of the various finance groups.
• Requires experience with computers and applications to develop and apply information systems and use information from systems within the business unit.
• Requires experience with various terminologies associated with regulatory filings and regulatory accounting.
• A period of over 4 years and up to and including 6 years is considered necessary to gain this experience.

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2024.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com . Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

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