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Contract Senior Financial Analyst

Posting Date: Nov 21, 2018

Location: Toronto, ON, CA

Company: Toronto Hydro

(INSERT WORK ILLUSTRATION – MAY NEED TO MODIFY FOR EXTERNAL AUDIENCE):

 

KEY RESPONSIBILTIES:

 

  • List key responsibilities

 

REQUIREMENTS:

 

  • List mandatory requirements
  • List other requirements

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 systems, 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. 

 

 

Core Duties and Responsibilities:

Leads and executes management systems and processes related to capital budgeting and forecasting to support organization financial planning

Prepares and reviews evidence to support rate and non-rate related regulatory applications

Provides financial reporting, analysis, support and guidance with respect to capital related financial scorecards

Monitors and reports on compliance/capital spend against regulatory approval and identifies program level risks and opportunities

Works with internal operational stakeholders to implement controls and execute end-to-end processes for the capitalization and budgeting of capital projects while maximizing use of system functionality and seeking productivity improvements in Operational and Finance processes

Monitors the aging of Construction Work in Progress (CWIP) to ensure validity of capital expenditures and make decisions on financial transactions eligible for capitalization

Coordinates and executes pre-close activities for PPE, and draft notes for external financial statements

 

 

 

  REQUIREMENTS

  • University degree in Finance, Accounting or Business related field.
  • Professional accounting designation required
  • Five (5) years of progressive financial analysis experience in a capital intensive environment
  • Regulated business or energy sector experience preferred
  • Financial forecasting, budgeting, and reporting experience
  • Working experience with complex ERP systems, data analysis and reporting tools.  Database/data management concepts specifically as it relates to SAP financial systems and Essbase preferred
  • Knowledge of accounting standards/policy under IFRS; specifically related to capitalization and derecognition
  • 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.

 


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