Accounting and Financial Analyst
Hydro One Networks Inc
Toronto, ON
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:
Reporting to the Manager, Cost Accounting and Reporting, accountabilities include:

Provide advice, guidance, recommendations and assistance to line staff and management regarding all manner of financial issues.
Review cost control and financial reporting procedures, assess their effectiveness and recommend changes or improvements as necessary.
Utilize existing financial and management systems to gather and consolidate information to produce a variety of business information such as management reports, business plan, staff plan, cost trends, performance reports, and monthly cost reports.
Work directly with Project Managers to develop monthly forecast for project costs and work program accomplishment units.
Developing and maintaining tools and reports related to project costing and status
Perform accounting transactions for various programs and projects, including cost accruals, revenue accruals, and journal transfers.
Report on historical spending and identify project variances
Create, issue and track invoices and refunds to customers
Capitalize and retire project assets as required
Contribute to department process improvements; for example, creating new reports, developing new tools to expedite manual processes, and improving the teams records management processes.
Entry and extraction of data to/from various computer applications.
Other administrative support such as data entry and data collection.
Track major contracts and purchase agreements to ensure milestones and payments are appropriately accounted for
Conduct or coordinate special studies, costing reviews and process initiatives.
Analyze data to ensure consistency with corporate assumptions and strategies.
Prepare and deliver financial presentations, as necessary.
Report, analyze and explain budget and forecast variances.
Provide business support to corporate departments in support of vertical cost reporting.
Review, revise and coordinate reporting systems with a view to assessing their impact to ensure these systems reflect corporate needs.
Attend staff meetings and participate in task forces, special studies and initiatives as assigned.
Perform other duties as required.

Selection Criteria:
Essential Competencies

Requires knowledge of business/financial planning and cost accounting principles, financial analytical techniques and computer applications to develop, implement and maintain financial control systems.
Requires strong communication skills, verbal and written to effectively interact with internal and external contacts.
This knowledge is considered to be normally acquired either through the successful completion of a four year university education in business administration or commerce with an accounting or finance major plus having or working towards recognized accounting designation (CPA, CGA, CMA, CA) or by having the equivalent level of education.
Requires experience to be familiar with the regulated utility business.
Requires experience with computers and applications to develop and apply information systems and use information from systems within the business unit.
A period of at least 4 years and is considered necessary to gain this experience

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2019.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

Deadline: July 22, 2019

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