Financial Specialist

Milton Hydro Distribution Inc.; Milton; On-site; CAD 75,000 - 110,000; Full time

Benefits offered by this job

Competitive compensation

Annual incentive program

Comprehensive benefit package

Vacation & floater day entitlements

Health & dental benefits

Wellness Spending Account

OMERS Pension plan

On-site fitness center

Learning & development opportunities

Job summary

Milton Hydro Distribution Inc. is seeking a Financial Specialist to prepare entity and consolidated financial statements, KPI reporting, and management and Board reporting packages for all entities.

This role supports month-end and year-end close, intercompany reconciliations, and audit preparation to ensure accurate reporting and adequate liquidity. You will develop financial insights, reporting materials, and process improvements to support operational priorities, investment decisions, funding

Qualifications

• Bachelor’s degree in business/accounting or related discipline.
• CPA designation preferred or pursued.
• Minimum 5 years in accounting/financial analysis role.
• Experience in IFRS and regulatory reporting is a plus.

Responsibilities

• Prepare entity and consolidated financial statements, including income statements, balance sheets, and cash flow statements.
• Produce accurate monthly, quarterly, and annual management and board reporting packages with KPI data.
• Develop reporting materials for senior management and support finance initiatives to improve reporting accuracy and automation.
• Assist with month-end and year-end close processes including journal entries and reconciliations.
• Organize audit packages and coordinate with external auditors and tax professionals.
• Review intercompany billings and monitor cash flow forecasting across entities to ensure liquidity.

Skills

Advanced Excel

PowerPoint

Word

Analytical skills

Interpersonal skills

Independence

Team player

Education

Bachelor’s degree in business/accounting or related discipline

CPA designation

Job description

The Financial Specialist is responsible for preparing entity and consolidated financial statements, operational and KPI reporting, and management and Board reporting packages for all entities. This role supports month-end and year-end close processes, including intercompany reconciliations, and contributes to external audit preparation and fieldwork, tax review, and cash flow monitoring and forecasting to ensure accurate reporting and adequate liquidity. The incumbent also develops financial insights, reporting materials, and process improvements that support operational priorities, investment decisions, funding needs, and continuous improvement across the accounting function.

KEY DUTIES

• Prepare entity and consolidated financial statements, including income statements, balance sheets, and cash flow statements, adhering to relevant compliance standards for first-pass issuance;
• Prepare accurate and timely operational reporting for monthly, quarterly, and annual management and board reporting package for all entities, including financial and KPI reporting;
• Develop reporting packages and presentation materials for senior management and support finance initiatives that improve reporting accuracy, efficiency, and automation;
• Assist with month-end and year-end close processes, including journal entries and overview of balance sheet account reconciliations;
• Assist in the preparation of standard working papers and assemble the full audit package in advance of the annual external audit;
• Coordinate with external auditors and tax professionals by organizing required documentation and responding to review and audit requests;
• Review intercompany billings and settlements across all entities; every intercompany balance agreed monthly;
• Monitor daily cash balances, manage cash concentration and forecast short- and long-term cash flow for all entities, to ensure adequate liquidity to support operational strategy;
• Support cash flow planning and prepare financial insights that assist with operational priorities, investment decisions, and funding needs;
• Proactively identify opportunities for process improvements within the accounting function;
• Attend Board meetings when requested;
• Perform other duties as assigned.

SKILLS AND ABILITIES

• Advanced MS Excel, PowerPoint and Word skills
• Advanced analytical skills and organizational skills
• Advanced interpersonal skills, and enhanced communication and collaboration skills to support an internal client centric environment
• Advanced ability to work independently and with a high degree of accuracy
• A team player who can assist business unit leaders to understand and support change

KNOWLEDGE

• Advanced knowledge and understanding of International Financial Reporting Standards (IFRS)
• Knowledge of the Utility Regulatory Framework and the Ontario Energy Board’s Accounting Procedures Handbook (APH) considered an asset

EXPERIENCE & EDUCATION

• Bachelor’s degree in business/accounting or related discipline
• Professional Accounting Designation, CPA
• Minimum 5 years in accounting/financial analysis role
• Experience in the electricity sector is considered an asset

WHAT WE OFFER

• Competitive compensation, including annual incentive opportunity
• Comprehensive Benefit Package, including Vacation & Floater Day entitlements, Health & Dental Benefits, Health & Wellness Spending Account, Employee Family Assistance Program and OMERS Pension plan
• Complimentary on-site Fitness Center
• Opportunities for learning, development and growth

Milton Hydro is an equal opportunity employer and is committed to providing a recruitment process that respects the dignity and independence of all candidates. Should you require accommodation at any stage in the recruitment, assessment or selection process please email [e-mail]. We thank all applicants for their interest in Milton Hydro Distribution Inc., however, only those selected for an interview will be contacted.