Contract, Manager, Finance Management Reporting (16 months)

WORK ILLUSTRATION:

Accountable to lead the monthly financial close process, reporting of the financial results to the internal stakeholders, budget and financial KPI (key performance indicator) management, and supporting the external and regulatory reporting processes. The successful candidate will demonstrate strategic thinking, problem solving, client partnership with the operational business units, and ability to act as a main point of contact between Operations and Finance.

The incumbent is expected to behave ethically and follow the established code of business conduct, policies and internal control procedures, laws and regulations governing Toronto Hydro.

KEY RESPONSIBILITIES:

• Leads the end-to-end monthly financial close process; review journal entries, account reconciliation, variance analysis.
• Supports quarterly and annual reporting of the financial results, key reports including: quarterly financial statements, report to the shareholder, notes disclosures, MD&A, lead sheets, preparation of PBC documentation to support external auditors.
• Partners with the operational business units to prepare monthly variance analysis of financial results, identifies key variance drivers and year-end forecast to help Operations with the budget and financial KPI management.
• Collaborates with operations to proactively identify financial risks and opportunities; partner with them to implement mitigating controls and actions.
• Develops, implements, and maintains financial models for analysis, reporting and forecasting of financial results.
• Supervises the analysis, documentation, and communication of all financial related issues impacting assigned business units to support short interval controls and strategic decision-making.
• Consolidates and reviews information for financial reporting to ensure accuracy, completeness and integrity of data.
• Supports the development of short-term budget (1-year) and medium-term business plan (3-year) for the assigned operational business units.
• Collaborates with Operations and other teams within Finance to support business case development, participates as designated finance representative on operational projects and working groups.
• Continuously seek opportunities to improve controls, processes, workflows, and adopt best practices.
• Provides coaching and mentorship to a team of professionals to execute the day-to-day operations of Controllership functions, developmental feedback, and safety management.

REQUIREMENTS:

• Bachelor's degree in Finance, Accounting, Business, or related field from an accredited school required. 
• Chartered Professional Accountant (CPA) in Canada required. 
• Seven (7) or more years of experience in finance - specifically in financial planning and reporting (FP&A) role. 
• Three (3) or more years of people and project leadership experience is an asset.
• Knowledge and experience with SAP is preferred.
• Strong background in cost accounting, forecasting and budgeting, and, complex financial models.
• Good understanding of the electricity regulation, electricity billing and complexity of the Ontario electricity marketplace and the roles of participants and stakeholders will be an asset.
• Strong stakeholder engagement, negotiation, and project management skills.
• Exceptional verbal and written communication skills.
• Gathers relevant financial information systematically; uses accurate logic in analyses and provides forecasts.
• Handles day-to-day work challenges confidently; is willing and able to adjust to multiple demands, shifting priorities, ambiguity and rapid change; shows resilience in the face of constraints, frustrations, or adversity; demonstrates flexibility.
• Shows understanding of issues relevant to the broad organization and business; keeps the knowledge up to date; has and uses cross-functional knowledge.
• Possesses up-to-date knowledge in the profession and industry; is regarded as an expert in the technical/functional area; accesses and uses other expert resources when appropriate.

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. #LI-Hybrid

Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email our Talent Management team or call (416) 542-8000. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.