Supervisor, Regulatory Finance & Compliance
Job Posting: Supervisor, Regulatory Finance & Compliance
Reports To: Director of Finance
Location: Cobourg, Ontario
About Us
Lakefront Utility Services Inc. (LUSI) is a progressive, multi-service utility based in Cobourg, Ontario. We deliver essential electricity and water services to the communities we serve and support our municipal partners through innovation, resiliency, and regulatory excellence. LUSI is committed to safety, reliability, cost-effectiveness, and forward-thinking solutions, including intelligent grid systems and sustainable energy and water initiatives. As a regulated utility operating within the Ontario Energy Board (OEB) framework, we maintain high standards of governance, compliance, and operational integrity. For more information, visit: www.lakefrontutilities.com
Position Summary
The Supervisor, Regulatory Finance & Compliance, plays a key role in supporting regulatory strategy, financial reporting, and compliance within a regulated electricity and water utility environment. Working closely with the Director of Finance, this role contributes to regulatory filings, financial oversight, and stakeholder engagement while ensuring alignment with requirements set by the Ontario Energy Board and other industry bodies.
Key Responsibilities
Regulatory Filings & External Reporting
- Lead the preparation, analysis, and submission of regulatory filings and supporting documentation to the Ontario Energy Board (OEB), Independent Electricity System Operator (IESO), and other regulatory bodies
- Prepare clear, well-supported applications, including rate filings, license applications, and regulatory submissions
- Coordinate monthly, quarterly, and annual reporting requirements, including Reporting and Record Keeping Requirements (RRR) filings
- Contribute to external consultations, industry proceedings, and regulatory discussions
Regulatory Accounting & Financial Close
- Oversee monthly regulatory accounting processes, including analysis of distribution revenue, energy revenue, cost of power, and regulatory balances
- Prepare and review journal entries, general ledger reconciliations, and supporting documentation
- Monitor and reconcile deferral and variance accounts (DVA) in accordance with regulatory guidance
- Manage settlements and financial transactions with market operators and counterparties
Financial Reporting & Analysis
- Oversee monthly, quarterly, and annual financial close processes
- Ensure compliance with IFRS and internal accounting policies
- Support the preparation of financial statements and management reporting packages
- Support the development of multi-year business plans, annual budgets, and periodic forecasts
- Perform variance analysis and provide insights into key financial and regulatory drivers
- Conduct ad hoc financial and regulatory analysis to support decision-making
Compliance & Controls
- Ensure adherence to regulatory requirements, internal controls, and accounting standards
- Maintain ingoing awareness of regulatory changes to ensure continued compliance
- Coordinate with external auditors and support audit processes
- Assist with implementation of new accounting standards and regulatory requirements
Process Improvement & Documentation
- Review, assess, and enhance regulatory accounting and billing processes and procedures
- Maintain accurate records and documentation to support audits, filings, and internal reviews
Stakeholder Engagement
- Act as a key liaison with regulators, auditors, and internal departments
- Build and maintain effective working relationships with external stakeholders and industry participants
- Provide financial and regulatory insights to senior management
Leadership and Team Management
- Supervise and mentor accounting team
- Review teamwork for accuracy and compliance
- Foster accountability, collaboration, and continuous improvement
- Lead/support special projects in regulatory accounting, systems, and processes
- Communicate effectively with internal and external stakeholders
- Apply business and financial expertise to support regulatory and operational goals
Qualifications, Experience & Competencies
- CPA Designation (required)
- 5+ years of progressive experience in accounting, regulatory, or utility environments
- Strong knowledge of Ontario's regulated utility framework and rate-setting methodologies
- Experience with regulatory filings, RRR reporting, and deferral/variance accounts
- Familiarity with regulatory codes and industry practices is an asset
Why Join LUSI?
- Executive-level impact in a critical infrastructure organization.
- Direct exposure to Board governance and regulatory oversight.
- Leadership opportunity within a community-focused municipal utility.
- Ability to shape organizational culture, safety performance, and workforce development.
To Apply
This is a non-union position. Salary will be commensurate with qualifications and experience.
Interested candidates are invited to submit a resume and cover letter by 4:30 p.m. by August 31, 2026, with the subject line:
Application - Supervisor, Regulatory Finance and Compliance
Email: [email protected]
Only candidates selected for an interview will be contacted. The successful candidate must provide a satisfactory criminal background check and three professional references. LUSI is committed to equity, diversity, and inclusion, and encourages applications from all qualified individuals. Accommodation is available upon request throughout the recruitment process.
