Contract, Financial Analyst

Toronto Hydro; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

Toronto Hydro is seeking a Financial Analyst to manage accounting, budgeting, and reporting tasks. This position fosters operational success through accurate financial analysis and operational support related to regulatory matters. The role allows for a hybrid work arrangement, emphasizing flexibility while requiring strong analytical and communication skills.

Qualifications

• Three (3) or more years of progressive financial analysis experience.
• Working towards CPA designation.
• Solid understanding of IFRS.

Responsibilities

• Provide timely month-end support and prepare financial reports.
• Support budgeting and forecasting processes.
• Implement risk management and internal controls.

Skills

Analytical Skills

Communication

Attention to Detail

Business Acumen

Customer Focus

Change Management

Education

Bachelor’s degree in Accounting, Business Administration, Finance

Tools

Microsoft Excel

SAP

Job description

Reporting to the Manager, Finance Management Reporting; the Financial Analyst, contributes to the overall success of the organization by effectively executing accounting, budgeting and reporting responsibilities and providing value added financial activities.

Key Responsibilities

• Provide timely and accurate month-end support, including journal entries (e.g. accruals, allocations, etc.) and account reconciliations
• Prepare monthly, quarterly and annual schedules and reports, variance analysis on operating expenditures, other income, and other supporting schedules for management and external financial reporting
• Provide reliable financial information, analysis and operational support related to electricity regulatory filings, tax provision reporting requirements and other internal management reporting requirements
• Provides support and recommendations in the area of financial policy, liaising as the primary financial contact for assigned business unit(s) and/or supporting business units with core back-office financial responsibilities
• Provide timely support and inputs in the forecasting and budgeting process through analysis of results and collection of inputs from the assigned business unit(s).
• 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
• Provide support in various ad hoc projects and tasks as needed
  
  

Requirements

• Three (3) or more years of progressive financial analysis experience
• Working towards Chartered Professional Accounting (CPA) designation in Canada (preference will be given to candidates who have completed their CPA designation)
• Bachelor’s degree in Accounting, Business Administration, Finance
• Solid understanding of accounting standards/policy, International Financial Reporting Standards (IFRS) related to capitalization
• Advanced Excel skills and experience with Microsoft Office applications, including PowerPoint and Word
• Working experience with complex ERP systems (SAP preferred), data analysis and reporting tools; demonstrated ability to work with large volumes of data
• Detailed oriented and demonstrates strong business acumen
• Excellent written and verbal communication skills and demonstrated ability to effectively communicate with people at all levels of the organization
• Demonstrates customer focus and able to build strong relationships across the business
• Champions change, productivity and Innovation: Accepts uncertainty as part of the needed change; willing to change the status quo; able to decipher needs of the organization and problem solve difficult situations; innovator problem solver
• Drives results and accountability: Approaches work with a positive (“can do”) attitude, works diligently to meet goals, and initiates activities to improve team performance and results. Excellent analytical, organization and planning skills
• Maintains confidentiality over sensitive information
  
  

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 [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.