Sr. Financial Analyst

Hydro One Networks Inc - Toronto, ON (23 days ago)

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32981 - Toronto - Rotation - 1 year

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 Function:
As required, develop, implement and maintain, on approval, Department work programs, budgets, long-term business plans and financial information Management systems. Assemble Department budgets and explanations for the purpose of obtaining approvals. Provide functional advice and guidance to Department Management on matters concerning budgeting, cost control, financial evaluations and compliance with the financial policies and procedures of the Department, Division and the Branch. Prepare regular control reports of results against budget. Carry out analysis of cost.

Job Description:
As required, develop and implement on approval, systems related to the operation and maintenance of budget and cost information. Analyze and identify needs, perform studies of present systems, procedures and organization related to financial responsibilities and recommend changes if required.
Supervise on periodic basis Department staff responsible for the costing, accounting and budgeting activities by assigning and checking work of assigned staff.
Develop and implement on approval, financial policies and procedures for the Department. Review and recommend revisions to ensure conformance with Branch and Divisional requirements. Provide advice and interpretations, as required, on policies and procedures applications.
Develop, prepare and issue Department Business Plan and Budget Instructions to managers and section heads. Provide interpretations of Branch and Divisional budget guidelines and directions for use in Department budget preparation. Supply Department guidelines and provide clarifications.
Receive Section inputs, analyze data, validate assumptions, apply tests of reasonableness, consolidate and assemble Department and business plan budgets and explanations for the purpose of obtaining approvals. Ensure that all factors have been taken into consideration. Alert Line Management of potentially controversial issues to which special consideration or scrutiny should be given before approval.
Provide advice, guidance and ongoing assistance to Line Management on budgeting and financial control matters and systems. Ensure that the feedback and control systems are applied according to established procedures and principles as well as meeting the needs of the users.
Conduct cost analyses. Participate in the review of existing cost accumulations, analyze variances and report upon findings. Recommend and participate in the development of procedures for control and distribution costs in order to enhance Management's opportunity to measure results against budgets, projection, objective and historical information.
Conduct detailed studies and economic evaluations to demonstrate to Line Management the costs, benefits and financial viability of a given set of alternatives for specific problems. Recommend the optimum financial solution.
Provide advice, training and guidance to technical and supervisory staff on the preparation of financial evaluations and economic justifications. Review all such documents for accuracy, completeness and adherence to Corporate, Branch and Divisional procedures and requirements. Prepare and present information and instructional packages pertaining to financial and budgetary matters to Line Management, supervisory and technical staff to ensure awareness and conformance with all relevant procedures and practices.
Maintain contacts with other NGD departments to ensure consistency of budget assumptions and accounting practices as they pertain to common Divisional work programs. Discuss to agreement methods contributing to consistency or the resolution of controversial issues.
Participate in providing the Department with an internal control system by helping assess the reliability and integrity of accounting data, maintaining an effective Organization Authority System, liaise with internal and external auditors and ensure timely implementation of Management's response to audit findings and ensuring existence of adequate safeguards for protecting assets under the custody of the Department.
Maintain or assure maintenance of a wide variety of information and opinions on the interpretation of policy and procedures as they pertain to accounting and budgeting. Provide advice and guidance to Line Management on a regular basis in a consulting capacity to clarify, discuss and assist with the interpretation of wide variety of accounting and cost control budgeting/business planning issues and attempt to ensure such interpretations are compiled with.
Develop and conduct on a periodic sampling basis, tests for conformance with all applicable regulatory, Corporate, Branch and Divisional requirements, including examinations of Expense Reports, Payroll Documents, Requisitions, Stores Issue Memos, Invoices, Minor Fixed Assets, etc. Report findings to Line Management.
Provide, through the retrieval of information from databases and established systems, statistical evaluations and verification of the effectiveness of financial administration of the Department. Maintain awareness of data systems related to the function.
Perform other duties as required.

Selection Criteria

Requires a comprehensive knowledge of business systems, financial concepts, economics and mathematics including cost accounting and budget administration.
Requires analytical techniques and computer knowledge to analyze, develop and implement business systems for the collection of data related to budget, economics studies and to evaluate and submit pertinent recommendations.
Requires communication skills, oral and written, to prepare reports and collaborate with internal and external contracts.This knowledge is considered to be normally acquired either through the successful completion of a four-year university education in business and financ or by having the equivalent level of education.
Requires experience in a financial environment to become familiar with developing and implementing business systems for the collection of financial data, the development and use of analytical and costing techniques.
Requires experience with the Branch organization, Corporate accounting policies, principles and procedures and the ability to interrelate these requirements with a variety of accounting and economic responsibilities in the Department.
Requires experience with the operations and objectives of the various departments in the Division, the services provided, the responsibilities of Divisional personnel, the accounting and budget activities, the various financial reports and studies and to be familiar with the impact of actions taken. A period of up to eight years is considered necessary to gain this experience.

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 2019.

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: November 25, 2019

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