Financial Analyst; Management Reporting

Expected Salary Range: $80487 - $100609 Annually

Target Variable Performance Pay: 8%

The salary range shown above reflects the expected compensation for this position. The final salary offered will be determined based on a holistic assessment of the candidate’s experience, education, training, and alignment with the role’s requirements. For positions covered by a collective agreement, placement within the range will follow the applicable step or classification.

Reporting to the Manager, Finance Management Reporting; the Financial Analyst, contributes to the overall success of the organization by effectively executing accounting, budgeting and reporting responsibilities and providing value added financial activities.

This posting is for an existing vacancy.

KEY RESPONSIBILITIES:

• Provide timely and accurate month-end support, including journal entries (e.g. accruals, allocations, etc.) and account reconciliations
• Prepare monthly, quarterly and annual schedules and reports, variance analysis on operating expenditures, other income, and other supporting schedules for management and external financial reporting
• Provide reliable financial information, analysis and operational support related to electricity regulatory filings, tax provision reporting requirements and other internal management reporting requirements
• Provides support and recommendations in the area of financial policy, liaising as the primary financial contact for assigned business unit(s) and/or supporting business units with core back-office financial responsibilities
• Provide timely support and inputs in the forecasting and budgeting process through analysis of results and collection of inputs from the assigned business unit(s).
• Implements risk management and internal controls, including assessment and monitoring whether internal controls in place are adequately designed and operating effectively and in compliance with accounting, organizational and regulatory policies
• Provide support in various ad hoc projects and tasks as needed

REQUIREMENTS:

• Three (3) or more years of progressive financial analysis experience
• Working towards Chartered Professional Accounting (CPA) designation in Canada (preference will be given to candidates who have completed their CPA designation)
• Bachelor’s degree in Accounting, Business Administration, Finance
• Solid understanding of accounting standards/policy, International Financial Reporting Standards (IFRS) related to capitalization
• Advanced Excel skills and experience with Microsoft Office applications, including PowerPoint and Word
• Working experience with complex ERP systems (SAP preferred), data analysis and reporting tools; demonstrated ability to work with large volumes of data
• Detailed oriented and demonstrates strong business acumen
• Excellent written and verbal communication skills and demonstrated ability to effectively communicate with people at all levels of the organization
• Demonstrates customer focus and able to build strong relationships across the business
• Champions change, productivity and Innovation:
  Accepts uncertainty as part of the needed change; willing to change the status quo; able to decipher needs of the organization and problem solve difficult situations; innovator problem solver
• Drives results and accountability:
  Approaches work with a positive (“can do”) attitude, works diligently to meet goals, and initiates activities to improve team performance and results. Excellent analytical, organization and planning skills
• Maintains confidentiality over sensitive information

TOTAL REWARDS

To support the overall well-being and success of our employees, Toronto Hydro provides a comprehensive total rewards package which includes:

• 100% employer paid Health & Dental benefits
• 24/7 access to Employee & Family Assistance Program and Virtual Healthcare
• Company-paid life insurance and long term disability
• Spending account to support fitness goals (e.g. gym memberships)
• Competitive paid time off (including vacation and parental leave)
• Defined Benefits Pension Plan through OMERS
• Career development and tuition reimbursement
• Exciting employee engagement and appreciation events throughout the year

This position is based in a hybrid…