Address49402 - Toronto - Regular - Ongoing
Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.4 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 Title
Sr. Financial Advisor - Financial Planning
Job Function:
Support the Director, Strategic Finance’s objective of maintaining financial integrity, effectiveness and achievement of corporate strategies and goals through the delivery of an appropriate business plan and analysis of business performance
Specific Accountabilities:
- Provide key support to the confidential corporate business planning and budgeting process, including detailed review and analysis of planning assumptions, implementation of regulatory requirements, identification of emerging issues and trends, the development of instruction and guidelines and consolidation of results.
- Utilize existing financial and management systems (in particular BI/BW and SAP) to lead the gathering and consolidation of information to produce a variety of business information such as consolidated internal management reports, external stakeholder reports, cost trends, performance reports and scorecards.
- Provide analysis of the financial results, including impact of new or revised assumptions, compliance with guidelines and variance explanations.
- Review the line of business confidential plan submissions with a focus on issue identification and compliance with instructions and guidelines.
- Provide analysis and report on Line of Business staffing requirements. Ensure that staff levels are consistent with corporate strategies, approval processes, and business plan instructions and guidelines.
- Participate in the detailed reviews of spending proposals by functional areas to ensure financial integrity and consistency within corporate strategy.
- Participate in the review spending proposals submitted as part of the work prioritization approach to ensure effectiveness of the proposed work program spending levels.
- Provide analysis and report on all other inputs into the business planning process, including, but not limited to revenue forecast, tax, depreciation and amortization, financing charges, income taxes and balance sheet accounts.
- Support business planning reporting process to the Board of Directors, Province of Ontario and other stakeholders, including preparation of the confidential corporate business plan document, presentations, briefing notes and other Financial Planning materials, as required.
- Manage the budget trending process, including consistency with the approved budget and reasonableness.
- Monitor, research and communicate developments in Financial Planning and analysis.
- Support regulatory requirements, including witnessing, preparation of evidence, development of briefing material, responses to interrogatories and transcript undertakings and general hearing support.
Selection Criteria:
- Requires wide-ranging experience with consolidated financial reporting, internal and external reporting, forecasting models and financial analytical techniques.
- Requires a four-year university education in business administration or commerce with an accounting or finance major. A recognized accounting designation (CPA) and / or an MBA degree is preferred.
- Requires excellent speaking, writing, listening and presentation skills to gain acceptance of business plans, budgets and project control structures.
- Requires a minimum of 5-7 years of experience and acumen, both theoretical and practical, in business or finance
- Requires advanced interpersonal skills to deal with multiple stakeholders from all areas within the company on projects ranging from highly technical to conceptual.
- Requires an advanced knowledge of Excel to allow for the development and analysis of financial spreadsheets. Knowledge of MS Access, VBA and Risk Analysis software would be highly beneficial.
- Knowledge of electric utility regulation would be highly beneficial, and the candidate would be expected to build an expert level of knowledge soon after being retained.
- Knowledge of technical aspects of electric utility design would be highly beneficial.
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 2024.
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.
Deadline: April 22, 2024
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