Manager, Corporate Tax

Expected Salary Range: $124055 - $155069 Annually

Target Variable Performance Pay: 15%

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.

Responsible for leading the effective forecasting, planning, executing, reporting and compliance of financial reporting for tax in addition to commodity, property tax, tax research, and tax regulatory related activities for the organization. Manages the day-to-day tax compliance and planning, external financial tax reporting, regulatory tax reporting and related activities of external public and government auditors, while keeping leadership abreast of relevant legislative changes and tax implications to the organization.

This posting is for an existing vacancy.

KEY RESPONSIBILITIES:

• Leads the day-to-day review and execution of tax compliance reporting, filing and policy requirements for an assigned portfolio of corporate tax filings, commodity and property tax for the organization as well as non-standard organizational programs and commitments (i.e. Executive Retirement, acquisitions, divestitures, special projects etc).
• Contributes significantly to the Electricity Distribution Rate application and acts as a subject matter expert as part of the regulatory process (i.e. evidence preparation, witness preparation and participation, and expert testimony).
• Validates that tax assumptions, impacts, issues and plans are in alignment with the regulatory strategic framework.
• Reviews the tax components of regulatory filings for accuracy and in accordance with compliance and reporting requirements.
• Provides analysis of the tax impact of regulatory accounting and provides support for tax regulatory financial statements disclosures on a quarterly basis.
• Leads the forecasting and planning on tax assumptions and provisions to meet tax obligations in accordance with compliance and reporting requirements for inclusion in the organization’s financial budgeting and business planning processes. 
• Conducts thorough analysis (including forecasting of the tax impact of regulatory accounting), makes recommendations of options and communicates tax impacts for business unit and/or Senior Leadership/Executive decision making and organizational success.
• Develops recommendations to address business issues and minimize liabilities from a tax perspective, with a focus on the organization’s strategic objectives in a complex regulated environment. 
• Monitors and escalates issues to senior leadership as required.
• Manages the day-to-day audit relationships as the primary contact for both public (i.e. KPMG) and government auditors (i.e. CRA, Ministry of Finance), reviews information requests and verifies alignment with organizational strategy, arranges for the collation and provision of requested documentation and prepared schedules, analysis and reports for audits.
• Arranges for the preparation of data and leads negotiations with government auditors and other stakeholders for tax related requests.
• Provides expert insight and advice on a broad range of complex tax related issues to the organization and communicates effectively to affected stakeholders (e.g. implications of business strategies and new business opportunities, regulatory scenario planning).
• Conducts detailed tax research and reviews various policy perspectives on emerging issues, best practices and current tax law.
• Evaluates and reviews the impact of corporate business development initiatives, government policies and/or new and emerging tax changes to determine the potential impact to the organization.
• Introduces processes and procedures in response to changes in policy.
• Implements risk management and internal controls, including assessment and monitoring to validate internal controls are in place and are adequately designed and operating effectively.
• Provides input to ongoing initiatives for senior level tax advice and execution and participates on corporate and divisional committees and/or project teams as the tax subject matter expert.
• Leads, coaches and develops a team of tax professionals to forecast, plan, execute and report on the day-to-day tax related activities to ensure the organization meets its tax obligations and complies with all relevant laws and regulations.
• Manages day-to day activities performed by internal and external resources to execute departmental and organizational outcomes.
• Manages attendance, performance, safety and training and development in accordance with organizational policies, programs and procedures.
• Provides coaching and feedback to motivate and engage employee outcomes in the attainment of departmental goals and objectives.
• Provides oversight to external contractor resources and service providers, managing escalated issues as required.

REQUIREMENTS:

• Undergraduate Degree (major in Accounting or Business is preferred)
• Three (3) or more years in a progressive supervisory or project leadership function
• Five (5) or more years relevant experience working in accounting and/or tax at a public accounting firm or large corporation
• Minimum three (3) years of direct tax experience
• Chartered Professional Accountant Designation in Canada (CPA)
• Completion of CICA In Depth Tax course or Mtax program (preferred)
• Significant knowledge and experience in tax compliance, planning and reporting obtained by working in public accounting and/or large corporation;
• Excellent written and verbal communication skills with demonstrated ability to effectively communicate ideas to people at all levels of the organization.
• Strong conceptual thinker and above average problem solving skills to be able to deal with complex accounting and tax issues;
• Demonstrated ability to coach and supervise employees;

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 environment allowing for remote work two days per week, based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office.

#lihybrid

Toronto Hydro is committed to leveraging new technologies to support an efficient and inclusive recruitment process. As part of this, artificial intelligence (AI) systems may be used to assist in screening, assessing, or selecting applicants for this position. These tools are used in combination with human decision-making to ensure fairness and consistency. 

ACCESSIBILITY AND APPLICATION SUPPORT

Toronto Hydro is committed to fostering an inclusive and accessible recruitment process. 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 hr_talent@torontohydro.com 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.