Hydro One Networks Inc Looking for Financial Analyst, Internal Reporting at Toronto, ON Full Time

45823 – Toronto – Rotation – 12 months

Safety Comes First is a core value at Hydro One, and we remain committed to taking every reasonable precaution to ensure a respectful, safe and healthy working environment. Further to this commitment, we have adopted a COVID-19 Vaccination Policy to protect the health of our employees from the hazard of COVID-19. New employees will be required to declare their vaccination status to Hydro One. Employees who do not provide proof of vaccination status may not enter any 3rd party locations that require full vaccination (e.g. customer properties).

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!

*NOTE* Hydro One introduced a Hybrid Work Pilot Project in 2022 for most office-based roles. Employees work in-office/on-site two days a week and remotely from home for three days a week. Hydro One is adding refreshed workspaces and technology to support these changes. Join us as we ‘trial & learn’ a new modern way of working and be a key driver of future state!

In office but with intention – a time for team and trust building, collaboration, and socialization. Please reach out to us to learn more!

General Accountabilities:

Assist the Corporate Controller’s objective of maintaining financial integrity, compliance and effective financial reporting and internal control.

• Prepare external consolidated annual and quarterly financial statements and management’s discussions and analysis (MD&A) and underlying processes in accordance with US generally accepted accounting principles (USGAAP) and related securities legislation. This includes assessing and accumulating information and data; preparation of analysis; working papers and issue identification and resolution. Responsible for specific assigned areas of the financial statements, including disclosure notes and the management’s discussions and analysis; which includes preparation of the assigned areas as well as all supporting documentation.
• Prepare annual regulatory and legal-entity financial statements in accordance with USGAAP and International Financial Reporting Standards (IFRS).
• Participate in development of financial reporting and accounting policy memos and presentations, based on a strong understanding of USGAAP, IFRS and regulatory accounting principles.
• Keep abreast of developments in the field of accounting, internal control, external and internal financial reporting, and regulatory accounting.
• Assist in resolution of day-to-day issues associated with areas of responsibility, attend staff meetings and participate in task forces, as assigned.
• Perform other duties as required.

Selection Criteria & Requirements:

• Education: Requires strong knowledge of finance, financial reporting, securities legislation, accounting, and mathematics to prepare financial statements, note disclosures and MD&A and to assess impact of changes in accounting and regulatory principles. Requires a strong knowledge of and experience in USGAAP and IFRS. Requires a good knowledge of English to communicate effectively with internal and external contacts. This knowledge is considered to be normally acquired either through the successful completion of a four year university education in business administration or commerce with an accounting or finance major and a recognized accounting designation (CPA, CGA, CMA, CA).
• Experience: Requires strong experience in preparation of financial statements including note disclosures and MD&A in a USGAAP and/or IFRS environment. Requires strong skills in MS Excel and MS Word and prior experience working with Workiva (Wdesk) would be an asset.
• Accuracy: Requires sound judgment and accurate analysis of financial data and absolute accuracy of Financial Statements, note disclosures and MD&A.
• Difficulty: Problems may occur that require judgment when analyzing, assessing and resolving. The resolution of some problems may follow past practice or precedent whereas others may require data gathering, analyses and collaboration to achieve resolution.
• Internal & External Contacts: Requires collaborating and cooperating with other team members as well as individuals in various business groups and affiliate companies. Requires regular interaction with external and internal auditors.

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 2022.

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: December 5, 2022

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