Financial Analyst - Toronto, Canada - Toronto Hydro

Toronto Hydro

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Reporting to the Manager, Financial Planning & Analysis; the Financial Analyst contributes to the organization's overall success by effectively executing budgeting, accounting, and reporting responsibilities and providing value-added financial activities.

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.

Toronto Hydro has implemented a mandatory vaccination requirement for all its employees. Proof of full vaccination will be required upon receiving a conditional offer of employment.

Toronto Hydro will provide reasonable accommodation to individuals who cannot be vaccinated due to disability or any other ground protected by the Ontario Human Rights Code.

KEY RESPONSIBILITIES:

Prepare the annual budget and forecast scenarios related to compensation
Provide timely and accurate monthend support, including journal entries (e.g. accruals, allocations, etc.) and reconciliations related to compensation
Prepare monthly, quarterly, and annual schedules and reports, variance analysis on compensation, operating expenditures, and other supporting schedules for management and external financial reporting
Provide reliable financial information, analysis, and operational support related to electricity regulatory filings, tax provision reporting requirements, and other internal management reporting requirements
Provides support and recommendations in the area of financial policy, liaising as the primary financial contact for assigned business unit(s) and/or supporting business units with core backoffice financial responsibilities
Implements risk management and internal controls, including assessment and monitoring whether internal controls in place are adequately designed and operating effectively and in compliance with accounting, organizational, and regulatory policies

REQUIREMENTS:

Three (3) or more years of progressive financial analysis experience
Working towards Chartered Professional Accounting (CPA) designation in Canada successfully passed the (Common Final Exam) CFE Exam will be preferred
Bachelor's degree in Accounting, Business Administration, Finance, or a related field
Solid understanding of accounting standards/policy, International Financial Reporting Standards (IFRS) related to capitalization
Working experience with complex ERP systems (SAP preferred), data analysis, and reporting tools; demonstrated ability to work with large volumes of data
Detailedoriented and demonstrates strong business acumen
Excellent written and verbal communication skills and demonstrated ability to communicate with people at all levels of the organization effectively
Demonstrates customer focus and ability to build strong relationships across the business
Champions change, productivity, and Innovation: Accepts uncertainty as part of the needed change; willing to change the status quo; able to decipher needs of the organization and problemsolve difficult situations; innovative problem solver
Drives results and accountability: Approaches work with a positive ("can do") attitude, works diligently to meet goals and initiates activities to improve team performance and results. Excellent analytical, organization, and planning skills
Maintains confidentiality over sensitive information

***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.

Job Segment:
Financial Analyst, Accounting, CPA, Financial, Risk Management, Finance