Contract, Associate Financial Analyst

Toronto Hydro Corporation; Toronto; Hybrid; CAD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Contract, Associate Financial Analyst to enhance its financial operations. This role involves executing accounting, forecasting, and reporting responsibilities while providing valuable financial insights to various business units. The ideal candidate will have a strong background in financial analysis, be working towards a CPA designation, and hold a relevant bachelor's degree. With a hybrid work arrangement, this position offers flexibility while ensuring that the analyst contributes significantly to the organization's success. If you thrive in a dynamic environment and are passionate about finance, this opportunity is perfect for you.

Qualifications

• 1-3 years of financial analysis experience required.
• Bachelor’s degree in Accounting or related field is essential.

Responsibilities

• Execute analytical support for capital projects and ensure compliance.
• Provide operational support to Business Units and communicate effectively.

Skills

Financial Analysis

Communication Skills

Problem Solving

Organization Skills

Collaboration

Education

Bachelor’s degree in Accounting

Working towards CPA designation

Tools

SAP

Microsoft Office Suite

Business Intelligence (BI)

Job description

Posting Date: Jan 31, 2025

Location: Toronto, ON, CA

Reporting to the Manager, Capital Accounting & Reporting; the Contract, 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.

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.

Toronto Hydro has introduced a Hybrid Work Arrangement. This position allows for remote work up to three days per week, based on business needs. Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.

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 our Talent Acquisition team 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.