Regulatory and Revenue Specialist

Vaco by Highspring; Milton; On-site; CAD 85,000 - 105,000; Full time

Benefits offered by this job

Vacation & Floater Days

Health & Dental Benefits

OMERS Pension plan

On-site Fitness Center

Learning & growth opportunities

Job summary

Vaco by Highspring is seeking a Regulatory and Revenue Specialist to manage regulatory accounting and financial reporting, including deferral/variance accounts and regulatory balances. You will coordinate with the IESO for settlements and support rate applications, while collaborating across departments to ensure compliance and accurate reporting.

The ideal candidate holds a CPA designation with at least 3 years of accounting/financial analysis experience and is proficient in Excel for large

Qualifications

• CPA designation is required or strongly preferred.
• Minimum 3 years in accounting/financial analysis roles.
• Experience in a regulated industry is an asset.
• Strong analytical skills with large data sets to identify trends.

Responsibilities

• Perform regulatory accounting analyses and reconciliations of deferral and variance accounts and regulatory balances.
• Validate the accuracy of monthly IESO invoices and complete settlements.
• Conduct statistical and variance analyses on billing/GL data to explain results.
• Support rate applications, filings and stakeholder inquiries.
• Assist in annual revenue budgets, quarterly forecasts and long-range plans.

Skills

Analytical skills

Large data handling

Regulatory document interpretation

Education

CPA

Tools

Excel

Job description

Our client is a local distribution company. They are looking for a Regulatory and Revenue Specialist who will be responsible for the company’s regulatory accounting and financial reporting obligations. Reporting to Manager, Regulatory Affairs, the incumbent is responsible for regulatory accounting, analysis, reporting, wholesale/retail settlement support, and supporting the preparation of OEB filings and rate applications. Working collaboratively across the organization, the successful candidate will help ensure regulatory compliance and contribute to the achievement of corporate objectives.

Why Work Here

• 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

About the Opportunity

• Perform regulatory accounting activities, including analysis and reconciliation of deferral and variance accounts, energy and distribution revenues, and other regulatory balances.
• Validate the accuracy of the monthly IESO invoice and complete monthly settlement related claims with the Independent Electricity System Operator.
• Perform statistical and trend analysis on billing journal and General Ledger (GL) transaction data - including year-over-year, month-over-month, budget, forecast and weather-normalized variance analysis - to identify anomalies and explain the drivers behind results.
• Support rate applications, RRR filings, other regulatory proceedings and stakeholder inquiries.
• Assist in the preparation of annual distribution revenue budgets, quarterly forecasts and 5-year forecasts.
• Monitor regulatory developments, assess impacts to the organization, and provide recommendations to support compliance and informed decision-making.
• Collaborate with internal departments to ensure the accurate implementation of regulatory requirements, approved rates, and business processes.
• Maintain regulatory documentation, records, controls, and reporting processes to ensure ongoing compliance.
• Participate in special projects and perform other duties as assigned.

About You

• Professional Accounting Designation, CPA
• Minimum 3 years in accounting/financial analysis role
• Experience in a regulated industry is considered an asset
• Strong analytical and statistical skills, including the ability to work with large volumes of data to identify trends, errors and anomalies
• Advanced MS Excel skills, including pivot tables, statistical functions and large dataset handling; proficiency with the balance of MS Office
• Advanced ability to read, interpret and apply complex documents, such as regulatory decisions, tariffs, contracts and policy guidance

Salary Range

$85,000 - $105, 000/year

When referencing this job, quote #306725

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.