Associate Financial Analyst

Toronto Hydro Corporation; Toronto; Hybrid; CAD 66,000 - 82,000; Full time

Job summary

Toronto Hydro Corporation is seeking an Associate Financial Analyst to support accounting, forecasting, and reporting activities. You will assist with month-end close, journal entries, reconciliations, variance analyses, and management meetings, contributing to accurate financial reporting.

The role requires CPA progression, a relevant bachelor’s degree, and experience with IFRS, SAP, and BI. A hybrid work arrangement is available, with onsite days Tuesday to Thursday and remote work two days

Qualifications

• 1–3 years progressive financial analysis experience.
• Pursuing CPA designation in Canada.
• Bachelor’s degree in Accounting, Business Administration, Finance.
• Knowledge of IFRS.
• Working knowledge of SAP and BI.
• Proficient in Microsoft Office Suite.

Responsibilities

• Execute analytical support for capital projects to ensure capitalization is appropriate and compliant.
• Provide operational support to Business Units for internal controls and financial impact assessments.
• Understand projects and contracts to determine cost recovery from third parties.
• Implement risk management and internal controls; ensure they are designed and operating effectively.
• Improve controls around capitalization projects to enhance accuracy and timeliness of asset recognition.
• Handle ad-hoc finance initiatives for planning, forecasting, and other activities.

Skills

Financial analysis

Communication skills

Organizational skills

Collaboration

Education

Bachelor’s degree in Accounting, Business Administration, Finance

CPA designation in progress (Canada)

Tools

SAP

BI

Microsoft Office

Job description

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Posting Date: Sep 15, 2026

Location: Toronto, ON, CA

Expected Salary Range: $65941 - $82426 Annually

The salary range shown above reflects the expected compensation for this position. The final salary offered will be determined based on a holistic assessment of the candidate's experience, education, training, and alignment with the role’s requirements. For positions covered by a collective agreement, placement within the range will follow the applicable step or classification.

Reporting to the Manager, Capital Planning & Reporting; the Associate Financial Analyst contributes to the overall success of the organization by effectively executing accounting, forecasting and reporting responsibilities and providing value added financial activities. Providing support to assigned business units covering month end close activities such as journal entries, account reconciliations, variance analysis and monthly manager meetings, as well as ensuring accuracy through conducting timely analysis, investigation and communication will be a key accountability for this role.

This posting is for an existing vacancy.

KEY RESPONSIBILITIES:

• Execute analytical support for capital projects to ensure appropriateness of capitalization treatment. This includes identification of expenditures as capital, appropriate assignment to asset types, accurate application of recoveries to capital projects, all while ensuring internal controls are adhered to, as well as accounting standards are followed in a timely manner.
• Provide operational support to Business Units in navigating accounting rules, documentation requirements for internal controls and financial impact assessment. This requires effectively communicating with both financial and non-financial counterparts, requiring superior communication skills.
• Understanding of projects and associated contracts to determine appropriate recovery of costs from third-parties.
• Implements risk management and internal controls, including assessment and monitoring whether internal controls in place are adequately designed and operating effectively and in compliance with accounting, organizational and regulatory policies.
• Process improvement, looking to improve controls around the capitalization projects, to improve accuracy and timeliness of recognition of capital assets while maintaining a high standard of documentation.
• Ad-hoc projects as assigned related to finance initiatives for planning, forecasting, and other activities.

REQUIREMENTS:

• One (1) to three (3) years of progressive financial analysis experience.
• Working towards Chartered Professional Accounting (CPA) designation in Canada.
• Bachelor’s degree in Accounting, Business Administration, Finance or related field.
• Knowledge in the concepts and application of International Financial Reporting Standard (IFRS).
• Working knowledge of Systems, Applications, and Products in Data Processing (SAP) and Business Intelligence (BI).
• Experience using Microsoft Office Suite such as Word, PowerPoint and Outlook.
• Ability to assess issues/process gaps and independently investigate and propose solutions/process improvements.
• Ability to communicate complex findings and ideas clearly and to a variety of audiences.
• Effective organization and planning skills.
• Demonstrated ability to work in a fast-paced changing environment with shifting responsibilities while retaining the ability to execute on task.
• Proven oral and written communication and presentation skills for a business environment.
• Collaborative with a demonstrated ability to build effective working relationships.
• Flexible and has the ability to shift direction quickly based on data analysis.
• Invests in building valuable relationships across the organization and externally to support the future of Toronto Hydro.
• Recognizes personal development and a strong organizational culture are integral components of an effective organization.
• Invests in innovation, continuous improvement and productivity as essential drivers of long-term sustainability.
• Has a clear sense of corporate direction and expectations, and holds self and others accountable to achieve objectives.
• Models customer focused approach in all directions and actions.

This position is based in a hybrid environment allowing for remote work two days per week, based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office.

Toronto Hydro is committed to leveraging new technologies to support an efficient and inclusive recruitment process. As part of this, artificial intelligence (AI) systems may be used to assist in screening, assessing, or selecting applicants for this position. These tools are used in combination with human decision‑making to ensure fairness and consistency.

ACCESSIBILITY AND APPLICATION SUPPORT

Toronto Hydro is committed to fostering an inclusive and accessible recruitment process. Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email [e-mail] or call [phone]. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility .

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A registered trademark of Toronto Hydro Corporation used under licence. "Toronto Hydro" means Toronto Hydro-Electric System Limited