Senior Financial Analyst

Job title: Senior Financial Analyst

Company: Toronto Hydro

Job description: The Senior Financial Analyst (SFA) performs core financial activities to support the business goals of the organization, contributing to the overall success of the organization by effectively executing responsibilities and providing value added activities to meet the finance and Operational team objectives for Toronto Hydro-Electric System Limited (“THESL” or the “organization”).This position will be responsible for the implementation and monitoring of the processes, standards, and tools to ensure the delivery of timely, accurate and quality capital related plan and actual financial information for the organization. The incumbent works with internal stakeholders to facilitate the processes of business planning, capitalization, derecognition, month-end close and reporting and to support operational business decision-making as it relates to the capital program and in-service additions.KEY RESPONSIBILITIES:

• Provide guidance with respect to treatment of various financial transactions (e.g. capital expense versus operating expense). Lead cross functional teams to gather relevant case facts, perform research, provide recommendations on accounting treatment, as well as develop detailed implementation plans and monitoring controls.
• Coordinate month end close, quarter end and year end activities for Property, Plant and Equipment and Intangible Assets. Perform first pass review of routine financial activities to ensure accuracy, completeness and compliance with Internal Controls over Financial Reporting.
• Assist with quarterly audits and annual tax requirements, as well as other externally required reports.
• Work with internal operational stakeholders to seek improvements and efficiencies in Operational and Finance processes (month end, in-service additions, forecasting, etc). Effectively develop, implement, communicate and monitor changes to processes.
• Identify new/creative approaches to addressing critical client issues and providing top-notch client service, while operating in an independent manner.

REQUIREMENTS:

• University degree in Finance, Accounting, Business Administration, or related field.
• Fully designated Chartered Professional Accountant (CPA) in Canada.
• Five (5) or more years of progressive financial analysis experience in a capital-intensive environment.
• Regulated business or energy sector experience preferred.
• Financial forecasting, budgeting, and reporting experience.
• Knowledge of accounting standards/policy under (International Financial Reporting Standards) IFRS; specifically related to capitalization and derecognition.
• Ability to interpret financial concepts and communicate them to non-financial users.
• Working experience with complex (Enterprise Resource Planning) ERP systems, data analysis and reporting tools. Database/data management concepts specifically as it relates to (Systems Applications and Products) SAP financial systems.
• Problem solving skills with ability to independently recommend solutions.
• Demonstrated project planning, documentation and reporting skills.
• Detail oriented and demonstrates strong business acumen.
• Advanced Excel skills and experience with Microsoft Office applications, including PowerPoint and Word.
• Maintain confidentiality over sensitive information.
• Ability to interpret and decipher operational reporting and statistics to enable decision making in a time sensitive and dynamic environment.
• Excellent written and verbal communication skills and demonstrated ability to effectively communicate with people at all levels of the organization.

Toronto Hydro has introduced a Hybrid Work Arrangement. This position allows for remote work up to three days per week, based on business needs. Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.

Expected salary:

Location: Toronto, ON

Job date: Fri, 02 Aug 2024 22:19:48 GMT

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