Financial Analyst Corporate Accounting - Toronto, Canada - Hydro One Networks Inc

Hydro One Networks Inc

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

49641 -
Toronto -
Regular -
Ongoing

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.4 million customers.

We have a long history in the industry with our roots dating back over 110 years to 1906.

Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario.

Today, we're focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It's an exciting time to join the team at Hydro One

General Accountabilities:

Utilize existing financial systems and related controls to gather and compile data to produce a variety of business information such as financial statements, variance reviews, accounting analysis, financial/statistical reports and the monthly consolidated financial statements.
Prepare and/or review financial evaluations. Analyze data to ensure consistency with assumptions and strategies. Coordinate, assemble and prepare data to produce the above information.
Develop and maintain the associated financial systems and controls, assess their effectiveness and recommend changes or improvements as necessary.
Provide advice, guidance, recommendations and direction to line and clerical staff regarding all manner of financial issues.
Develop and implement controls and administer the work in the maintenance of accounts and financial support systems.
Develop, implement and maintain management information systems and data collection procedures.

Specific Accountabilities:

Manage the work related to general accounting activities such as journal posting. Review and analyze journal entries to ensure accuracy and completeness of documentation and resolve outstanding issues.
Assist in review of journal entries greater the $250K to gain assurance journals are correct and complete.
Manage the setup of new general ledger accounts and changes to existing accounts, setup of new cost/profit centres and changes to existing ones, and set up of new Company segments in SAP. This will include review of these requests for reasonability, financial reporting impact, including accuracy, efficiency and completeness of requests.
Review and coordinate the quarterly general ledger account analysis process in a timely manner.
Review and verify signoff by Service Providers staff and Hydro One account owners, including completeness and quality of analysis.
Follow up on outstanding analysis and provide support to account reconcilers and owners including recommended changes and required training.
Follow up on outstanding items identified in account analysis to ensure completeness and accuracy of general ledger account balances.
Coordinate quarterly review of master data changes and quarterly general ledger account analysis.
Review financial statements and supporting material for external reporting purposes, and external auditors.
Manage the preparation of the Quarterly Reporting Package for the external auditors, including review of variance analysis and follow up on external auditor questions.
Respond to questions on the financial statements from senior management and auditors in a timely and accurate fashion.
Reconcile subledger and subsystem balances in SAP to the GL control accounts on a monthly basis and maintain evidence of reconciliation for internal controls review and signoff. Additionally, reconcile and analyze intercompany control accounts on a monthly basis.
Periodically supervise staff assigned on a temporary basis to assist with the production of financial statements, and special projects verifying the completeness and accuracy of the information.
Provide advice, guidance, recommendations and assistance to line management in assessing the business aspects of internal controls, programs and projects, staff and organization plans, cost benefit analysis, and cost allocation.
Assist in the preparation of documentation of projects/programs according to established financial procedures for submission to the Corporate Controller/CFO for approval.
Support special purpose reporting such as the annual reconciliation of WSIB filings.
Develop and maintain performance measures and the appropriate reporting system for monitoring and controlling such measures.
Conduct special studies, and analyze current financial data, costs and trends to meet Management needs and those of the Corporate Controllers division.
Ensure the reliability of Hydro One's internal financial controls by participating in the design, development and implementation of various accounting and administrative control procedures by conducting financial reviews and the follow up of operational and financial audits to ensure identified deficiencies are corrected.
Provide and exchange accounting information with other subsidiary and line of business staff on matters of joint concern.
Participate in and/or