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About the Role

This role provides heightened financial controls and enhanced contractual oversight for large outsourced engineering, procure, and construct projects exceeding $100M+. The position ensures accurate financial reporting, reasonable cost expenditures, and effective financial control.

Responsibilities

Manage risks related to the identification, quantification, response development, and control on the contractual and financial aspects of major construction projects.
Implement change management and apply risk management strategies for projects.
Support and advise project management teams on contract compliance, awareness, change management, claims, variations, and legal/financial matters.
Coordinate with Supply Chain, Legal, and other business lines for expert input.
Ensure commercial processes and document control comply with Hydro One standards and governance.
Develop and submit internal reports on commercial progress, including project spend, forecasts, and change orders.
Support the preparation of business cases and financial/commercial strategies for project updates or new projects.
Assist Project Managers in developing sourcing strategies by discussing delivery models and contract options.
Plan commercial administrative activities in line with project schedules.
Analyze contractor rates, prices, cash flow, assumptions, exclusions, contract changes, and risk assignments during bid evaluation.
Maintain auditable project records in accordance with contract requirements, focusing on clear responsibility trails.
Review month-end reporting data with delivery teams and develop forecasting methodologies.
Manage contract commercial requirements, including compensation events and notices, ensuring timely issuance.
Analyze variations and compensation events, highlighting deviations from contract, errors, or increased risks.
Review contract changes and purchase orders before execution and release to vendors.
Ensure accurate and timely review of payment applications, aligning invoices with work completed and forecasts.
Collaborate with estimating to gather cost and value information for project analysis and future forecasting.
Perform other duties as assigned.

Requirements

8+ years of utilities, power, energy, or related financial and/or commercial experience.
University degree in business administration, finance, law, engineering, or a complementary field.
Advanced communication skills, both verbal and written, with the ability to express thoughts in an organized, concise manner across all levels.
Experience in creating and executing action plans based on business analytics, financial models, and corporate objectives.
Demonstrate business acumen by translating technical options into business objectives.
Excellent problem-solving, strategic thinking, and analytical skills.
Ability to negotiate and influence behavior of vendors and service providers.
High tolerance and desire to work in an environment with constant change.
Ability to work independently as well as collaboratively in a team to develop high-quality results within required timelines.
Commitment to integrity and safety.
Provide a work environment that supports and values diversity.

Skills

Financial controls
Contractual oversight
Risk management
Change management
Contract compliance
Commercial processes
Document control
Reporting
Business case preparation
Financial strategies
Sourcing strategies
Bid evaluation
Auditable records
Forecasting
Compensation events
Variations analysis
Payment application review
Invoice review
Cost analysis
Value analysis

Location

Toronto

Work Type

Regular

Experience Level

8+ years

Education Level

University degree in business administration, finance, law, engineering, or a complementary field
Relevant professional designation is an asset (CPA, PMP, CIQS etc.)

Salary/Compensations

$4,374.92 - 5,874.88 / Bi-weekly

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 long history in the industry with roots 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.
Awarded 'Employer of the year 2026'.

Equal Opportunity

We welcome applications from all qualified candidates.
Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.
Provide a work environment that supports and values diversity.