Financial Analyst

Toronto Hydro Corporation; Toronto; Hybrid; CAD 113,000 - 141,000; Full time

Benefits offered by this job

Employee Assistance Program

Life Insurance

Pension Plan through OMERS

Fitness Spending Account

Tuition Reimbursement

Job summary

Toronto Hydro Corporation in Toronto, Ontario seeks a Financial Analyst to support capital accounting, governance and the company’s capital program with rigorous financial analysis. You will analyze project expenditures for capitalization, collaborate with project teams, support month-end reporting and strengthen internal controls under IFRS guidelines.

Strong Excel and SAP experience are required, and CPA designation is pursued.

Qualifications

• Three or more years of progressive financial analysis experience.
• Bachelor’s degree in Accounting, Business Administration, Finance.
• Pursuing CPA designation; preference for candidates with CPA.
• Strong IFRS knowledge, especially capitalization and fixed assets.
• Advanced Excel and Microsoft Office skills; SAP experience.
• Ability to analyze large datasets and communicate with stakeholders.

Responsibilities

• Analyze capital project expenditures for capitalization, asset classification, cost recoveries, and IFRS compliance.
• Guide business units on accounting requirements, capitalization policies, and documentation standards.
• Review project agreements for third-party cost recoveries and accounting treatment.
• Support month-end, quarter-end, and year-end reporting for capital assets.
• Identify improvements to capital accounting processes, controls, and reporting.
• Monitor financial risks and internal controls, ensuring regulatory compliance.
• Perform financial analysis to support planning, forecasting, and decision-making.
• Participate in special finance projects as assigned.

Skills

Financial analysis

IFRS knowledge

Analytical skills

Communication

Time management

Confidentiality

Education

Bachelor's degree in Accounting/Finance

CPA designation in progress

Tools

Microsoft Excel

SAP

Job description

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Posting Date: Jul 30, 2026

Location: Toronto, ON, CA

Expected Salary Range: $80487 - $100609 Annually

Target Variable Performance Pay: 8%

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 Accounting & Reporting, the Financial Analyst plays a critical role in supporting the financial stewardship, governance, and execution of Toronto Hydro's capital investment portfolio. As a trusted finance partner to operational and project teams, the incumbent provides insightful financial analysis, reporting, forecasting, and accounting expertise that enable sound investment decisions, optimize capital expenditure utilization, and ensure compliance with regulatory and accounting requirements.

The Financial Analyst is responsible for delivering accurate and timely financial information, supporting month-end and year-end activities, strengthening internal controls, and driving continuous process improvements across the capital accounting function. The role contributes directly to effective asset lifecycle management, financial transparency, and the successful delivery of Toronto Hydro's capital program.

This posting is for an existing vacancy.

KEY RESPONSIBILITIES

• Analyze capital project expenditures to ensure appropriate capitalization, asset classification, cost recoveries, and compliance with IFRS, corporate policies, and internal controls.
• Partner with business units and project teams to provide guidance on accounting requirements, capitalization policies, financial impacts, and documentation standards.
• Review project agreements and contracts to determine appropriate third-party cost recoveries and accounting treatment.
• Support month-end, quarter-end, and year-end reporting activities, ensuring the timely and accurate recognition of capital assets and in-service asset reporting.
• Identify, assess, and implement improvements to capital accounting processes, controls, and reporting to enhance accuracy, efficiency, and compliance.
• Monitor and evaluate financial risks and internal controls, ensuring adherence to accounting standards, regulatory requirements, and organizational policies.
• Perform financial analysis and reporting to support business planning, forecasting, and strategic decision-making.
• Participate in special projects and finance initiatives as assigned.

REQUIREMENTS

• Three (3) or more years of progressive financial analysis experience
• Bachelor’s degree in Accounting, Business Administration, Finance
• Actively pursuing a Chartered Professional Accountant (CPA) designation in Canada; preference will be given to candidates who have obtained their CPA designation.
• Working knowledge of accounting principles and International Financial Reporting Standards (IFRS), particularly related to capitalization and fixed assets.
• Advanced proficiency in Microsoft Excel and strong working knowledge of Microsoft Office applications, including PowerPoint and Word.
• Experience working with complex ERP systems, preferably SAP, and the ability to analyze and manage large, complex datasets.
• Strong analytical and problem-solving skills with a keen attention to detail.
• Effective organizational and time-management skills, with the ability to manage multiple priorities.
• Ability to communicate financial information clearly to both financial and non-financial stakeholders.
• Demonstrated ability to build collaborative working relationships and provide effective customer service.
• Adaptable and able to work effectively in a fast-paced environment.
• Exercises sound judgment and maintains confidentiality when handling sensitive information.

To support the overall well-being and success of our employees, Toronto Hydro provides a comprehensive total rewards package which includes:

• 24/7 access to Employee & Family Assistance Program and Virtual Healthcare
• Company-paid life insurance and long term disability
• Spending account to support fitness goals (e.g. gym memberships)
• Competitive paid time off (including vacation and parental leave)
• Defined Benefits Pension Plan through OMERS
• Career development and tuition reimbursement
• Exciting employee engagement and appreciation events throughout the year

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.