Associate Financial Analyst (Capital Planning & Reporting)

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

Job summary

Toronto Hydro Corporation invites applications for a Hybrid Associate Financial Analyst in Toronto, ON. The role supports capital projects accounting, forecasting, and month-end close activities, with emphasis on capitalization treatment, internal controls, and cost recovery from third parties.

Qualifications include progress toward a CPA designation, a bachelor’s degree in accounting/finance, knowledge of IFRS, and experience with SAP/BI.

Qualifications

• Ability to assess issues/process gaps and independently investigate and propose solutions/process improvements.

Responsibilities

• Execute analytical support for capital projects to ensure capitalization treatment and proper cost recovery.
• Provide operational support to Business Units regarding accounting rules and internal controls.
• Understand projects and contracts to determine recovery of costs from third parties.
• Implement risk management and internal controls and monitor design and operation.
• Drive process improvements to capitalization project controls and documentation.
• Handle ad-hoc finance initiatives related to planning, forecasting and reporting.

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