Specialist, Rates - Mississauga, Canada - Alectra Utilities

Alectra Utilities

Verified Company

Mississauga, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

The Opportunity

Job Posting Number:

Position:

Specialist, Rates & Settlements
** _Temporary 6-Month Contract*_

Location:

Mississauga (Derry) (Hybrid: Remote/In-office)

Reports to:

Supervisor, Settlements

Business Unit:

Finance

Division:

Rates & Settlements

Hours per Week:

35

Rate of Pay:

Number of Openings:

1

Union:

No

Open:

February 16, 2023

Close:

March 2, 2023

Alectra is committed to putting our people first in providing a positive employee experience and a safe work environment. Our Hybrid Workplace policy allows for an effective balance for employees with the opportunity to work in a hybrid environment; a combination of Remote / Inoffice work based on operational requirements._

Position Purpose:

The Specialist, Rates and Settlements will ensure the proper alignment of distribution rate setting initiatives with financial planning, budgeting and investment activities.

This position is responsible for the accurate, timely and effective analysis of revenue, wholesale & retail settlements and regulatory financial results, moreover will support reporting to both external regulatory authorities and internal users.

Responsibilities:

Leads the monthly preparation and the consolidation of financial results and reporting of revenue, cost of power and deferral & variance account balances to Management ensuring accuracy and adherence to regulations
Ensures the accurate, timely and effective analysis of revenue, wholesale and retail settlements, and regulatoryrelated elements of monthly financial results
Leads the timely and accurate reporting of all MOE & IESO reporting requirements, including OESP, OREC, OER, ICI and other regulatory initiatives
Supports MIFRS & IFRS financial reporting requirements related to revenue, cost of power and regulatory results including variance analysis of actual to budget, forecast and year over year
Supports the regulatoryrelated elements of financial audits, including external audit of financial statements, RPP, OESP, & OREC
Ensures that all regulatoryrelated accounting procedures and processes are established and maintain compliance with OEB, IESO, Ministry of Energy, and Ministry of Finance laws, codes, and regulations
Supports the introduction of new or modified regulatoryrelated business processes including the creation of job aids and employee training
Supports direct customer relationships with the IESO, Hydro One and embedded generator customers to achieve customer satisfaction by handling all complex rates and settlement inquiries in a timely manner
Supports departmental projects and key initiatives and assists in providing regulatory or financial expertise on special projects as required
Supports OEB regulated reporting requirements including RRR, ESQR, and the annual utility scorecard
Monitors industry issues and regulatory developments to proactively keep abreast of new and evolving regulations, including analysis and recommendation of appropriate course of action to industry changes which best supports the organizations position
Researches, recommends and implements new or enhanced procedures and processes to improve operational effectiveness
Ensures compliance to other legislative, regulatory and health & safety policies, procedures and standards
Provides support and works cooperatively with other internal groups regarding regulatory accounting, compliance, revenue and wholesale settlement issues
Performs other duties as assigned

Education & Specialized Knowledge

Bachelor's degree in Business Administration, Finance, Economics, Accounting or a related discipline
CMA/CGA/CA/CPA designation
Must hold and maintain a valid class "G" driver's license
Knowledge of regulatory and governmental requirements including: Retail Settlement Code, Distribution Settlement Code, Standard Supply Service Code, Affiliate Relationships Code, Electricity Distribution Rate Handbook, Accounting Procedures Handbook, Market Rules, Electricity and Gas Inspection Act, Accessibility for Ontarians with Disabilities Act
Knowledge of the electricity regulated industry or equivalent experience with emphasis on rate design and cost allocation methodologies

Experience

Minimum of 5 years' experience in an accounting / financial control capacity with a minimum of 2 years' experience in a regulated industry
Demonstrated experience in rate setting, wholesale settlements and regulatory compliance an asset

Skills/Abilities/Competencies

Excellent problem solving skills including analytical, interpretive, evaluative and/or critical thinking to solve unique problems
Strong planning and prioritization skills to ensure multiple tasks are completed accurately and within established timelines
Excellent written and presentation skills

How to Apply

If you would like to be considered for this position and meet the qualifications, please submit your resume