The Financial Analyst performs core financial activities to support the business goals of the organization, contributing to the overall success of the organization by effectively executing responsibilities and providing value added activities to meet the finance and Operational team objectives for Toronto Hydro-Electric System Limited. 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.
Assists in the regulatory and revenue notes preparation for quarterly and annual financial reporting process and other ad hoc tasks as assigned
Prepares, compiles and analyses information to facilitate the preparation for Reporting and Record Keeping Requirements (RRR), annual budget, and periodic forecasts
Reports and monitors Distribution Revenue against Budget/Prior periods to assess risks and ensures adequate controls are in place related to Distribution Revenue process.
Provides reliable financial information, analysis and operational support related to electricity regulatory filings, tax provision reporting requirements and other internal management reporting requirements
Collects, analyzes and reviews received data to ensure accuracy and reasonability and work collaboratively to resolve any issues
Develops, sustains and monitors relevant controls to ensure accuracy and timeliness
Assists and coordinates in the Annual rate filing application and in Other ad hoc reporting to the Ontario Energy Board (OEB), Independent Electricity System Operator (IESO), Statistics Canada etc.
Ensures Risk Management and Internal Controls, including assessment and monitoring whether internal controls in place are adequately designed and operating effectively.
Anticipates, understands, and responds to the needs of the internal and external clients (including operational units) related to financial and operational activities as required to meet organizational goals
Bachelor degree in Finance, Accounting, Commerce, Business Administration or related fields
Minimum 3-5 years progressive experience with Financial forecasting, budgeting, and reporting
Database/data management concepts specifically as it relates to SAP financial systems and Hyperion preferred
Demonstrate strong data mining skills and analytical skills through the use of financial tools (e.g. Essbase)
Accounting Designation of Chartered Professional Accountant (CPA), Certified General Accountant (CGA), or Certified Management Accountant (CMA) required.
Advanced Excel skills to analyze large volumes of data and summarize analytics that are relevant and accurate; experience with Microsoft Office applications, including PowerPoint and Word
Regulated business or energy sector experience preferred.
Demonstrated project planning, documentation and reporting skills
Demonstrated understanding of Generally Accepted Accounting Principles (GAAP) and International Finance Reporting Standards (IFRS).
Analysis/ Business Acumen: Validates and reports on large volumes of data. Ability to correct and understand variances and effectively communicate findings and their resolution to proper stakeholders.
Drives results and accountability: Approaches work with a positive (“can do”) attitude, works diligently to meet goals, and initiates activities to improve team performance and results. Excellent analytical, organization and planning skills
Champions change, productivity and Innovation: Accepts uncertainty as part of the needed change; willing to change the status quo; able to decipher needs of the organization and problem solve difficult situations; innovator problem solver
Builds Strong Relationships: Listens to and learns from peers and superiors to identify areas for collaboration and problem solving; Invests the time required for the development of relationships; Leverages relationships and expertise to influence and support the achievement of goals.
Demonstrates Customer Focus: Plans and executes work with minimal disruption to customers while remaining flexible to accommodate last-minute customer requests; Demonstrates sound judgment when key customer decisions need to be made in their area of responsibility, within their scope of accountability.
Communication: Transmits ideas in a clear and concise form. Practices effective and thorough communication in both oral and written form.
Time Management/ Organization: Prioritizes essential tasks in order to achieve deadlines. Sufficiently plans work when managing multiple responsibilities.