Financial Specialist / Milton Hydro

The MEARIE Group; Milton; Hybrid; CAD 85,000 - 100,000; Full time

Benefits offered by this job

Annual incentive

Health & Dental Benefits

OMERS Pension plan

Complimentary on-site Fitness Center

Flexible work arrangements

Job summary

Milton Hydro is seeking a Financial Specialist to prepare entity and consolidated financial statements, provide KPI and operational reporting, and support month-end close and external audit activities. The role involves cash flow monitoring, forecasting, and presenting insights for investment decisions and funding needs.

The ideal candidate holds a Bachelor’s degree in business/accounting, CPA designation, and at least 5 years of accounting/financial analysis experience, preferably in the

Qualifications

• Bachelor’s degree in business or accounting required.
• CPA designation required or active status preferred.
• Minimum 5 years in accounting/financial analysis role.
• Experience in the electricity sector is considered an asset.

Responsibilities

• Prepare entity and consolidated financial statements, including income statements, balance sheets, and cash flow statements.
• Prepare monthly, quarterly, and annual management and board reporting packages with financial and KPI data.
• Develop reporting materials for senior management to improve accuracy, efficiency and automation.
• Support month-end and year-end close processes, including journal entries and balance sheet reconciliations.

Skills

Excel

PowerPoint

Word

Analytical skills

Organizational skills

Interpersonal skills

Independent work

Team player

Education

Bachelor’s degree in business/accounting

CPA

Job description

JOB TITLE: FINANCIAL SPECIALIST

Salary Range: 85,000 – 100,000

WHO WE ARE

Milton Hydro is on the threshold of an exciting transformation. The energy sector is experiencing dynamic change and opening doors for exciting new career opportunities.

Milton Hydro’s Vision is progressive and forward-looking – creating new customer and community possibilities for a smart, sustainable and electrified future. Our focus is on being customer-centric, where all employees work towards enhancing the customer experience.

WHY YOU WANT TO WORK HERE

We care about our employees, our community and growing our businesses. You are not just a number as we get to know the person behind the name and appreciate each individual’s unique contribution that support our successes.

Our focus is on delivering a sustainable, electrified future for our customers and community, through collaborative leadership and innovative solutions. Our belief system is based on respect, teamwork, communication and excellence in everything we do.

POSITION SUMMARY

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

• Flexible work arrangements
• 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.