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Date: Jul 10, 2025

Location: Toronto, ON, CA

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Job Function

Provide advice and guidance to the business units in the areas of debt financing strategy and interest rate risk management strategy and financing policy and assess accounting tax and regulatory implications of financing and financial risk management strategies and business planning cost control. Provide support to Senior Management on corporate strategic initiatives, such as acquisitions, divestitures and joint ventures. Develop strategies related to financing, financial risk management and corporate finance decisions, and assess associated accounting, tax and regulatory implications. Analyze and execute money market, foreign exchange, and derivative transactions, as well as the issuance of long term debt and commercial paper. Provide support to annual credit rating review process and ongoing credit rating agency updates regarding the company’s strategies or significant events impacting the company’s credit quality. Provide advice and coordination of the company’s due diligence requirements in regard to offering of public market debt securities and obtaining bank credit. Provide advice and coordination of quarterly compliance requirements of syndicated bank line and bondholder trust indenture. Assist in managing Hydro One’s investor relations activities, such as liaising with debt analysts, equity analysts, credit rating agencies and investors.

Specific Accountabilities

Through collateral relationships with and within the context provided by the Vice President and Treasurer (i.e., corporate strategies and policies, accountabilities, tasks, budget and programs, compliance and performance targets, expectations for continuous improvement, etc.), this role will be accountable for the following:

• Provide advice and guidance to the business units in the areas of debt financing strategy and interest rate risk management strategy and financing policy and assess accounting, tax, credit rating and regulatory implications of financing and financial risk management strategies and business planning cost control. Attempt to ensure the appropriate and consistent application of corporate financing policies and ensure compliance with corporate debt covenants and representations.
• Manage and administer inter-company financing arrangements. Determine the amount and type of long term debt issued by subsidiaries to parent. Determine subsidiary requirements for bank letters of credit and parental guarantees, and make necessary arrangements to meet these requirements (eg. IESO prudential support requirements).
• Advise subsidiaries on financing policies and financial risk management strategies.
• Support the strategic planning process in assessing the Corporation’s capacity to finance capital expenditures and implications on the credit rating.
• Assess forecast cash flows for potential acquisitions and partnerships incorporating operating, regulatory, financing, credit rating and human resource assumptions.
• Assess alternative financing arrangements, such as hybrid instruments, partnerships, project financing, leasing proposals and other structured finance options, in order to expand company’s capacity to finance growth.
• Coordinate ongoing due diligence disclosure requirements to debt-underwriting syndicate disclosing company’s operating, acquisition, financial and human resources strategies, as well as environmental, regulatory and legal issues.
• Participate in managing all aspects of bond issuance including pricing, structure and selection of underwriting syndicate and market timing.
• Participate in coordinating annual credit rating review materials disclosing all material aspects of the company such as operating, acquisition, financial and human resources strategies, as well as material environmental, regulatory and legal issues.
• Participate in investor relations activities such as, preparing investor presentations, ensuring external financial reports and communications are commercially focused and liasing with debt analysts, equity analysts and investors in accordance with Hydro One’s disclosure policy.
• Participate in negotiating terms and documentation for capital market & derivative transactions and bank financing, including covenants restricting the company’s operations and financial flexibility.
• Compile sensitive information prior to potential disclosure in due diligence, debt prospectus, and annual information form.
• Provide advice and coordination of quarterly compliance requirements of syndicated bank line and bondholder trust indenture.
• Develop financing cost assumptions for business planning cost control process.
• Develop modeling tools to price financial instruments to be executed.
• Execute derivative and bond transactions for interest rate risk management.
• Monitor developments in global capital markets to assess implications on issuance strategies. Monitor secondary trading, new issue spreads, investor preferences, primary market activity and economic developments.
• Evaluate and obtain approval of new investment credits and monitor credit ratings of approved counterparties.
• Maintain relationships with investment community, including investment dealers, financial institutions and investors.
• Manage date to day cash flow requirements of the company and prepare short-term cash flow forecasts.
• Develop, review and update financing and financial risk management policies and procedures for the company and subsidiaries.
• Ensure the preparation of briefing notes/advice and consolidated information for the CFO and CEO for presentations on strategic issues made to Finance Committee or Board.
• Support OEB regulatory requirements with respect to financing, financial risk management,. credit rating, cost of capital and Treasury related operations, maintenance and administration costs.
• Maintain documentation relating to specific financing, hedging financial instruments and financing disclosure requirements.

Managerial Accountabilities

Manage the unit and achieve the targeted results through diligent and accurate oversight of the financial aspects of the department.

• Maintain a team of subordinates who are capable of producing the outputs required:
  • Ensure subordinates are able and willing to produce the desired output, and that subordinate managers continually improve the processes for achieving those outputs.
  • Provide staffing recommendations for their function as requirements and objectives evolve, especially in the face of new projects.
  • Assess staff capability to do the required work, now and in the future
  • Conduct personal effectiveness reviews of subordinates managers/specialists to build relationships and trust, and to improve effectiveness
  • Advocate the acquisition of appropriate tools and skills to optimize the performance of staff.
  • Mentor, counsel and foster the personal development of all subordinates.

Be accountable for the outputs of others:

• Set the appropriate context for subordinates (i.e. corporate strategies and policies, accountabilities, tasks, budget and programs, compliance and performance targets, expectations for continuous improvement, etc.)
• Set an effective framework of policies and procedures for the work of the unit
• Know and ensure own and subordinates’ compliance with all legal and regulatory requirements, and all corporate policies and procedures, and generally accepted practices relating to the work of the unit
• Establish a two-way working relationship with subordinates to solicit their views on conditions and potential changes affecting their work, and continuous improvement opportunities. Provide leadership to subordinates, so that they collaborate competently, and with full commitment, with each other in pursuing the goals set:
  • translate the corporate goals and objectives into a direction which guides the work of the unit
  • communicate that direction to all staff
  • define specific tasks for subordinates which are required to achieve desired results and/or to accommodate changes required within the business operations
  • communicate expectations regarding the collateral relationship among subordinates

Provide a safe and healthy work environment:

• Provide subordinates with appropriate knowledge, skills, information, work procedures and equipment to facilitate responsible behaviour which will protect their safety and contribute to their health
• Provide a work environment and facilities where health and safety incidents are minimized
• Provide a work environment that supports and values diversity, and is free from harassment
• Know and ensure subordinates comply with all legal and regulatory requirements, corporate policies and procedures, and generally accepted practices relating to their work

Demonstrate stewardship of the assets and resources:

• Ensure the permeation of sound decision making within the department governed by an appreciation of the corporate context.
• Consistently demonstrate thoughtful consideration of the broader ramifications of decisions made and actions taken both personally and by subordinates

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2025.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

"Employer of the year 2025"

Deadline: July 28, 2025

In the event you are experiencing difficulties applying to this job please consult our help page here .

We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.

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