Hydro One Networks Inc Looking for Senior Financial Advisor, External Reporting and Accounting Policy at Toronto, ON Full Time

46700 – Toronto – Regular – Ongoing

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!

Overview:

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

Accountabilities:

• Analyze new accounting pronouncements and synthesize the relevant facts and be able to succinctly summarize the facts and the impact on the business.
• Provide guidance on the application of US GAAP to complex transactions, including but not limited to documenting the guidance in technical accounting memos as well as effectively communicating the guidance to internal and external stakeholders.
• Keep abreast of developments in financial reporting as it relates to disclosures and accounting policies, and where necessary, develop and communicate new accounting policies and guidelines to business units.
• Assist in the preparation of quarterly and annual consolidated financial statements in US GAAP, annual subsidiary financial statements in US GAAP & IFRS, and pension financial statements in accordance with ASPE and related securities legislation, as required.
• Assist in the preparation of quarterly and annual Management’s Discussion and Analysis (MD&A), press releases, Audit Committee reports, Board reports, and other reports and memos, as required.
• Demonstrate strong knowledge and understanding of US GAAP principles, regulatory principles and OSC & SEC reporting requirements.
• Interface with actuaries to prepare actuarial valuation requirements for external reporting purposes.
• Provide guidance and Finance support for Mergers & Acquisition due diligence activities.
• Perform other duties as required.

Selection Criteria

• Requires strong, demonstrated knowledge of accounting and financial reporting and prior experience with US GAAP, IFRS, OSC requirements and SEC requirements. This knowledge is considered to be normally acquired 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, CA), along with at least 5 years of relevant experience. External audit experience would be considered an asset.
• Requires knowledge of and experience with rate-regulated accounting principles.
• Requires experience in the establishment and interpretation of regulatory and accounting policies and guidelines, and implementing new accounting and securities legislation.
• Requires experience in preparing financial statements and Management’s Discussion and Analysis.
• Requires experience in performing financial analysis in the development of financial accounting and reporting practices and procedures.
• Requires an understanding of pension techniques and actuarial valuation concepts.
• Requires experience with the overall operation and functions of major organizational groups, interrelationships within the organization, policy and planning practices and a thorough understanding of how all these aspects are reflected through the management structure of the organization.
• Requires experience to be familiar with ERP (SAP preferred), Workiva (Wdesk), internal controls, policies, procedures and securities legislation.
• Requires a good knowledge of English to communicate effectively with internal and external contacts and to prepare technical reports.
• A good knowledge of Microsoft Office suite of products (Excel, Word, Powerpoint, Visio, Outlook, etc.).

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 [email protected] 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: May 1, 2023

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