Senior Financial Analyst, Regent Park Energy Inc (RPEI)

Toronto Community Housing Corp.; Toronto; Hybrid; CAD 70,000 - 100,000; Full time

Job summary

A leading organization in community housing is seeking a Senior Financial Analyst to lead financial reporting and business support for Regent Park Energy Inc. This role combines expertise in finance with collaboration across management teams. Ideal candidates should possess strong analytical skills, an accounting background, and the ability to spearhead complex financial projects while adhering to strict deadlines.

Benefits

Competitive salary

Minimum four weeks of paid annual vacation days

Defined benefit pension plan with OMERS

Health and dental benefits

Employee and family assistance program

Maternity and parental leave top up

Training and development programs

Fitness membership discount

Qualifications

• Minimum 5-7 years of Finance/Accounting experience required.
• Experience with Generally Accepted Accounting Principles is needed.
• Demonstrated ability to build relationships across teams.

Responsibilities

• Analyze and present financial statements ensuring compliance with standards.
• Perform month-end close process including reconciliations and journal entries.
• Lead financial planning oversight including budget preparation and forecasting.

Skills

Attention to detail

Analytical skills

Communication

Education

Bachelor’s degree in Accounting, Business Administration, Finance

Recognized professional accounting designation (CPA preferred)

Tools

Advanced Excel

Job description

What we offer

In addition to a competitive salary and a rewarding career where you can truly make a difference, we offer a comprehensive package that meets the various needs of our diverse employees, including:

• Ability to participate in inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities;
• Minimum four (3) weeks of paid annual vacation days, increasing with years of service;
• Four (4) paid personal days;
• Defined benefit pension plan with OMERS, includes 100-per-cent employer matching;
• Health and dental benefits, including a health spending account available upon your start date;
• Employee and family assistance program;
• Maternity and parental leave top up (93% of base salary);
• Training and development programs including tuition reimbursement of $1500 per calendar year;
• Fitness membership discount.

This job offers the opportunity to work from home as part of a hybrid work arrangement. This arrangement will allow you to work some days at a TCHC work location and the rest of the time from home. The amount of time required to work at a TCHC work location is flexible, while considering operational and service delivery requirements.

Make a difference

Reporting to the Manager, Financial Reporting, the Senior Financial Analyst will serve as the finance lead for Regent Park Energy Inc (RPEI) and support senior management and RPEI board inquiries. The incumbent will become a trusted advisor and provide financial expertise and guidance to support business decisions including but not limited to budgeting and financial planning, treasury, and liquidity forecasting, financial reporting, facilitate invoice approval, compliance, quarterly supplementary reporting and various ad-hoc analyses. The role requires a self-motivated individual who can work independently while also fostering relationships with our stakeholders including subsidiary companies.

What you'll do

Financial Reporting and Compliance:

• Analyzing, and presenting financial statements and reports, ensuring compliance with accounting standards, and providing insights for strategic financial planning which includes monthly reporting packages, construction project life cycle costing, and year-end financial packages

• Performing month-end close process which includes but not limited to reconciliation of balance sheet accounts, performing monthly journal entries, accruals, intercompany accounting and approval of invoices

• Ensuring the accuracy and integrity of financial data, developing and implementing internal controls, and ensuring compliance with accounting standards and regulations.

• Assisting in internal and external audits. Monitoring year end audits progress.

Financial Planning and Business Support:

• Lead the annual business planning oversight process with the RPEI Asset Manager for operating and capital, including in-depth review of models/long-term assumptions, developing and maintaining financial models, conducting in-depth analysis of financial data, preparing forecasts and budgets, and providing recommendations to senior management to improve financial performance and drive business growth;

• Collaborate with RPEI Asset Manager and TCHC management teams to gather necessary data and inputs for financial model development

• Conduct sensitivity analyses and scenario planning to assess the financial impact to senior management for decision-making support

• Conduct various analyses and reports for senior management and the board of directors to support business decision making;

• Ad-hoc analyses and presentations on platform financial and operational results, as well as supporting any special projects

Governance & Reporting:

• Monthly governance meeting with RPEI and TCHC management for financial results review

• Review all of the RPEI Board Reports prepared

• Tracking outstanding financial requirements from board members and ensuring all requirements are addressed

• Monitor and report on monthly key financial performance indicators and metrics

• Monitor and ensure compliance with the vendor agreement and contract. Perform procedures for corrective actions as required

Other:

• Build and maintain strong relationships with internal and external stakeholders, including TCHC Staffand RPEI Asset Manager teams and cost consultants

• Support continuous improvement and productivity initiatives within the overall financial function

• Acting as backup for TCHC finance staff as required

• Other duties as assigned

What you'll need

• Bachelor’s degree in Accounting, Business Administration, Finance or similar discipline;

• Experience in utilities, district energy, power generation and hydro-electric distribution is considered an asset

• Recognized professional accounting designation (CPA preferred);

• Minimum 5-7 years of Finance/Accounting experience in relevant environment or related field

• Experience and knowledge for Generally Accepted Accounting Principles is required and knowledge of PSAB is an asset

• Demonstrated experience withfinancial reporting, budgeting and forecasting;

• Demonstrated ability to build relationships, collaborate with cross-functional teams, and work with and across various business units within the organization;

• Advanced Excel skills are essential;

• Attention to detail and excellent analytical, reasoning and time management skills;

• Ability to perform detailed reconciliations and numerical analysis;

• Excellent interpersonal, communication and problem-solving skills with the ability to maintain professional and effective working relationships;

• Self-starter; highly motivated and able to work independently;

• Demonstrated excellent verbal and written communication skills;

• Strong organizational skills and ability to manage multiple priorities and meet strict deadlines

• Experience drafting, preparing and formatting complex board reports, letters, memos and statistical summaries.

What’s next

Once you apply, we’ll review your resume and contact you if we believe your skills and experience will make you successful in the role. If you are selected to move forward, the process will include one or more interviews and/or assessments and reference checks.

INDS