Manager, External Financial Reporting

WORK ILLUSTRATION:

The role leads the accounting policy for the preparation and analysis of all external financial statements and notes to confirm accuracy, timeliness, and compliance to reporting standards and requirements as mandated by the Ontario Securities Commission (OSC), the Ontario Energy Board (OEB), the Shareholder, and other authoritative reporting bodies. Validates and continually monitors that adequate internal controls over financial reporting are in place and compliant, including internal and external policies, standards and guidelines. Leads a team of professionals and provides day-to-day performance and attendance management feedback, development and safety management.

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 process of the preparation of supporting information into the external financial statements and related notes & reports, including review & analysis to verify accuracy, completeness and compliance to reporting requirements as mandated by the Ontario Securities Commission (OSC), the Ontario Energy Board (OEB), the Shareholder(s) and other authoritative reporting bodies.
• Remains current and compliant with emerging accounting and disclosure requirements (e.g. IFRS, ESG) and implementation of those accounting standard changes.
• Confirms appropriate internal controls over financial reporting are in place and are compliant including overseeing, reviewing and approving journal entries, reconciliations, and analysis. 
• Leads the implementation of departmental business projects in support of changes to external reporting, including but not limited to (ESG accounting financial methodology developments or new regulatory disclosures).
• Provides advice on upstream and downstream impacts on financials, regulatory reporting, data, processes, and controls related to new or amended external reporting standards or requirements.
• Champions the management systems, processes, continuous improvement initiatives, and other special projects related to External Financial Reporting.
• Reviews existing and recommends changes to existing or new disclosure metrics and performs relevant benchmarking analysis. 
• Acts as financial subject matter expert and works closely with internal stakeholders in the execution of any changes to the organization’s disclosure strategy in relation to financial reporting and regulatory requirements.
• Responsible for the coordination of the finance interpretation, impact analysis and implementation of new or amended accounting standards or requirements and makes recommendations for future external disclosure as it relates to corporate financial documents.
• Develops sound accounting policies and financial position through benchmarking with industry peers with respect to new or amended external financial reporting and related processes and internal controls over financial reporting.
• Coaches, mentors and develops team members to motivate and engage employee outcomes in the attainment of departmental goals and objectives.
• In alignment with organizational programs/practices, manages employee performance, attendance, training and development, addressing any gaps in performance which may impact outcomes.
• Provides varied growth opportunities and supports specific rotations for all employees.
• Works closely with external auditors and actuaries, and internal audit team and responsible for the coordination of assurance engagements. 

REQUIREMENTS:

• University degree in Finance, Accounting or Business.
• Chartered Professional Accountant (CPA) in Canada required.
• Minimum seven (7) years of professional experience in accounting.
• Three (3) years of people or project leadership experience. 
• Experience with financial reporting practices and large financial information systems.
• Knowledge of financial reporting practices and large financial information systems.
• Excellent understanding of International Financial Reporting Standards (IFRS) and Sustainability Disclosure Standards.
• Knowledge of TCFD, ISSB, SASB, GRI.
• Strong public company and regulatory reporting, technical accounting and MD&A experience.
• Understands the complexity of the Ontario electricity marketplace, and the roles of participants and stakeholders.
• Advanced Microsoft Office skills (Excel, PowerPoint and Word).
• Excellent oral and written communication skills.
• Strong stakeholder and engagement skills.
• Strong analytical and problem-solving skills.

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-Hyrbrid