Contract, Associate Financial Analyst

Toronto Hydro; Toronto; Hybrid; CAD 60,000 - 75,000; Full time

Job summary

Toronto Hydro is seeking an Associate Financial Analyst to support accounting, forecasting, and reporting responsibilities in a hybrid work environment. You will contribute to the overall financial health of the organization, engaging with various business units, ensuring compliance with accounting standards, and driving process improvement initiatives. Ideal candidates will have 1-3 years of financial analysis experience, a relevant degree, and be working towards their CPA designation. Strong analytical and communication skills are essential for success in this dynamic role.

Qualifications

• 1-3 years of progressive financial analysis experience.
• Working towards CPA designation.
• Intermediate Excel skills including Vlookups and Pivot Tables.

Responsibilities

• Execute analytical support for capital projects and ensure compliance.
• Provide operational support and financial impact assessments.
• Implement risk management and internal controls.

Skills

Communication skills

Analytical skills

Problem solving

Organization skills

Education

Bachelor’s degree in Accounting, Business Administration, Finance or related field

Tools

SAP

Business Intelligence (BI)

Microsoft Office Suite

Excel

Job description

Reporting to the Manager, Regulatory Financial 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

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).
• Intermediate excel skills including: Vlookups, Pivot Tables, etc.
• 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.

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.