Senior Financial Analyst

Expected Salary Range: $100943 - $126179 Annually

Target Variable Performance Pay: 10%

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.

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. 

This posting is for an existing vacancy.

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
• Regulated business or energy sector experience preferred.
• 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.
• Financial forecasting, and reporting experience.
• Critical thinker and self-starter
• Problem solving skills with ability to independently recommend solutions.
• Excellent written and verbal communication skills and demonstrated ability to effectively communicate with people at all levels of the organization.       
• Demonstrated project planning, documentation and reporting skills.
• Advanced Excel skills and experience with Microsoft Office applications, including PowerPoint and Word.
• Ability to interpret and decipher operational reporting and statistics to enable decision making in a time sensitive and dynamic environment.
• Strong influencing and negotiating skills, experience with coaching and mentoring others

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

#lihybrid

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.

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.