Mgr, Regulatory Financial Reporting - Toronto, Canada - Toronto Hydro

Toronto Hydro

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

WORK ILLUSTRATION:

Reporting to the Director, Corporate Accounting & External Reporting, the Manager, Regulatory Financial Reporting leads the preparation and analysis of all regulatory financial reporting accounts and documents to ensure accuracy, timeliness, and compliance to reporting standards and requirements as mandated by the Ontario Energy Board (OEB), the Ontario Securities Commission (OSC), the Shareholder, and other authoritative reporting bodies - with its primary focus on the OEB; Ensures and continually monitors that adequate internal controls over financial reporting are in place and are in compliance, including Corporate Policies; The Manager, Regulatory Financial Reporting 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.

_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:

Leads the endtoend process of the preparation of all regulatory financial reporting documents and the Management's Discussion and Analysis (MD&A), including compliance to reporting requirements as mandated by the OEB, the Independent Electricity Systems Operator (IESO), the OSC, the Shareholder and other authoritative reporting bodies.
Remains current and compliant with emerging International Financial Reporting Standards (IFRS) and Accounting Procedural Handbook (APH) accounting and disclosure requirements and implementation of those accounting standard changes.
Supervises a team of accounting professionals' daytoday activities, including prioritization and coordination of work assignments including review and signoff on all deliverables.
Provides performance and attendance management feedback, development and safety management.
Works closely with and is the main liaison with internal stakeholders and is responsible for the coordination of the finance interpretation, impact analysis and implementation of regulatory mandated updates.
Oversees the regulatory financial reporting with respect to regulatory related accounts, processes and internal controls over financial reporting, including daytoday management of regulatory reporting requirements to ensure timely completion and accuracy of reporting.
With respect to regulatory accounts, transactions and balances, ensures appropriate internal controls over financial reporting are in place and are in compliance, including overseeing, reviewing and approving journal entries, reconciliations, and analyses.
Reviews and evaluates internal financial control procedures and ensures proper documentation.
Develops appropriate accounting policies and ensure changes are integrated into disclosures and maintains the governance of internal accounting policies IFRS and Modified IFRS.

REQUIREMENTS:

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University degree in Finance, Accounting or Business:

Chartered Professional Accountant (CPA) required:

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Seven (7) to ten (10) years professional experience in accounting:

3 years people/project leadership experience:
Experience with IFRS and financial reporting practices and large financial information systems.
Strong public company and regulatory reporting, technical accounting and MD&A experience
Knowledge of modifiedIFRS and OEB Accounting Procedures Handbook reporting standards (preferred)
Understands the complexity of the Ontario electricity marketplace, and the roles of participants and stakeholders (preferred)
Advanced Excel, PowerPoint and Word skills
Excellent oral and written communication 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.

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