Accounting & Financial Analyst

Hydro One; Toronto; On-site; CAD 164,000 - 221,000; Full time

Job summary

Hydro One Inc. in Toronto requires a financial analyst to consolidate data from multiple financial systems and produce management reports, budgets and plans. You will analyze cost trends, variance reviews and accounting analysis to support corporate decisions.

You will review procedures, provide guidance to line management on budgets, and help prepare business plans, forecasts and financial statements. This role involves collaborating with internal teams and ensuring accurate reporting across

Qualifications

• Proven ability to gather and consolidate data for management reports, budgets and financial plans.
• Experience analyzing cost trends and variations against corporate assumptions.
• Ability to provide guidance to line management on budgets and expenditures.

Responsibilities

• Utilize existing financial systems to gather and consolidate information for management reports, budgets and plans.
• Review and improve budgeting procedures and financial controls as needed.
• Provide advice to management on budget variances and cost control measures.
• Prepare documentation and communications for internal stakeholders and leadership.

Skills

Data analysis

Budgeting

Financial reporting

Variance analysis

Financial systems

Job description

52247 - Toronto - Temporary for 24 months

Hiring salary range: $3,610.06 - 4,847.80 / Bi-weekly

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 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!

Job Function

Utilize existing financial systems to gather and consolidate data to produce a variety of business information such as manage reports, budgets, business plans, staff plans, cost trends, variance reviews, accounting analysis, financial/statistical reports. Analyze data to ensure consistency with corporate assumptions and strategies. Coordinate, assemble and prepare data to produce the above information. Provide advice, guidance, recommendations and direction to line and clerical staff regarding all manner of financial issues. Review cost control and financial reporting procedures, assess their effectiveness and recommend changes or improvements as necessary.

General Accountabilities

• Utilize existing financial and management systems to gather and consolidate information to produce a variety of business information such as management reports, LOB budgets, business plan, staff plan, cost trends, performance reports, monthly cost reports. Coordinate, assemble and prepare data. Analyze data to ensure consistency with corporate assumptions and strategies.
• Review existing budgetary, business plan, staff plan and financial control procedures to ascertain their effectiveness and recommend improvements as required. Prepare new or revised procedures and assist in their implementation.
• Provide advice, guidance, recommendations and assistance to line management on budgets and in the evaluation and explanation of significant variations between budgeted/forecast and actual expenditures.
• Review cost control and financial reporting procedures, assess their effectiveness and recommend changes or improvements as necessary. Prepare and deliver orientation presentations, as necessary.
• Assist in the preparation of the business plans and budgets, gathering departmental and LOB data and assessing and accumulating information into appropriate formats. Review submitted plans and budgets for accuracy and ensure consistency of budgets with approved Business Plans. Report, analyze and explain budget variances.
• Provide business support to the LOB in project administration including release, work order and reporting activities.
• Review, revise and coordinate reporting systems with a view to assessing their impact to ensure these systems reflect corporate needs. Assess problem areas, discuss with supervisor and assist in the development and implementation of revised systems.
• Assist in defining requirements and evaluating output produced each year with the objective of providing a clearer picture of ongoing work and the benefits.
• Assist with corporate financial requirements for regulatory filings, budgets and coordinate with internal objectives. Gather all pertinent data, evaluate and submit recommendations and/or findings to supervisor for consideration.
• Attend staff meetings and participate in task forces, as assigned.
• Provide advice, guidance, recommendations and assistance to line management in assessing the business aspects of internal controls, programs and projects, staff and organization plans, cost benefit analysis, and cost allocation.
• Assist in the preparation of documentation of projects/programs according to established financial procedures for submission to the Corporate Controller/CFO for approval.
• Assist with the production of financial statements, budgets, budget restatements, business plans, staff plans, verifying the completeness and accuracy of the information.
• Perform other duties as required

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 2026.

If you are having difficulty using our online application system and you need an accommodation due to a disability, please email [e-mail] . 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.

Employer of the year 2026

Deadline: November 9, 2026

The base salary for this role considers a variety of factors, including candidates' knowledge, skills, experience, education, and any applicable collective agreement requirements for union-represented positions. Hydro One provides an extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability to enable our employees to be the best version of themselves. For management roles, compensation is based on the principle of pay-for performance compensation philosophy, and the amount of annual adjustments and incentive payments depends on how well you and the company perform (subject to plan terms). We encourage open dialogue about compensation with our Talent Acquisition Team, who can provide more detailed information specific to this role.

This posting is for an existing vacancy.

Hydro One uses AI tools to assist in the screening and assessing candidates for this role. Our use of AI does not replace human decision-making.

In the event you are experiencing difficulties applying to this job please consult our help page here .

We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.