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About the Role
Hydro One is seeking to partner with the Lines of Business to evaluate the impact of industry changes, government regulations, and OEB requirements on company operations. This role involves providing strategic direction, ensuring implementation, and identifying issues for senior management.
Responsibilities
- Supervise direct report staff and Inergi staff, making recommendations on pay, performance, and disciplinary matters.
- Plan, organize, schedule, and assign work, providing instruction and guidance.
- Partner with Lines of Business to evaluate the impact of industry changes, government regulations, and OEB requirements on operational accounting.
- Provide strategic direction and ensure appropriate implementation of operational accounting changes.
- Identify and raise issues with recommendations to senior management.
- Supervise and oversee operational accounting, monthly close, and reporting processes for transmission and distribution.
- Ensure timely and accurate issuance of management reports, including budget to actual, forecasting, and year-over-year analysis.
- Review results and significant issues with Director, Management Accounting & Reporting and Corporate Controller.
- Lead external and internal audit processes, including OEFC, OPA, IESO, OEB, and external financial audits.
- Identify and resolve audit issues proactively.
- Supervise and coordinate the Line of Business Operational Accounting forecast component of the business planning process.
- Ensure all known issues are accounted for appropriately in forecasts, rates, and government pronouncements.
- Provide oversight for operations forecast and operations budgets.
- Coordinate the preparation of briefing notes and summaries for senior management.
- Monitor and provide oversight for the monthly Operations Committee process, accounts receivable, customer billing, and revenue processes.
- Ensure financial, compliance, internal control, and productivity objectives are achieved.
- Ensure applicable processes support certifications required under securities legislation.
- Monitor, research, and communicate developments on operation and reporting work program issues, including regulatory developments.
- Ensure impacts to current results, business plan, and strategies are proactively developed and reviewed with senior management.
- Provide leadership for financial support to all Line of Business areas, including reporting, ad-hoc requests, and business planning/budgeting.
- Ensure results and recommendations are effectively communicated to senior management.
- Interact with Senior Executives to ensure their financial support requirements are met.
- Provide leadership to Inergi staff in performing their financial responsibilities to Senior Executives.
- Evaluate and implement strategies for streamlining and improving the timeliness, accuracy, and transparency of operational accounting and reporting processes.
- Support regulatory requirements, including witnessing, preparation of evidence, development of briefing material, responses to interrogatories, and hearing support.
- Ensure applicable outsourced services to Inergi are appropriately delivered and manage the relationship with Inergi.
- Ensure services provided under statements of work are fully carried out and negotiate new services as required.
Requirements
- Existing vacancy
Skills
- Operational accounting
- Financial reporting
- Budgeting
- Forecasting
- Audit processes
- Regulatory compliance
- Financial analysis
- Team leadership
- Stakeholder management
- Process improvement
Location
- Toronto
Work Type
- Temporary
- Full-time
Salary/Compensations
- $105,400.00-136,400.00 / year
Benefits
- Extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability.
About the Company
- Hydro One is the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers.
- Has a history in the industry dating back over 110 years to 1906.
- Focused on providing exceptional customer service and building safe communities.
- Recognized by Forbes in its list of Canada’s Best Employers for 2026.
- Employer of the year 2026.
Equal Opportunity
- Hydro One seeks to create a workforce that reflects the diverse populations of the communities where we live and work.
- Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.