Financial Analyst - External Reporting

Job Function

:

Assist the Corporate Controller’s objective of maintaining financial integrity, compliance, effective financial reporting and achievement of corporate strategies through the delivery of an appropriate business plan and related processes.

Job Description:

1. Assist the Corporate Controller’s objective of maintaining financial integrity, compliance, effective financial reporting and achievement of corporate strategies through the delivery of an appropriate business plan and related processes.
2. Take a lead role in the development of the confidential monthly internal report to the Chief Financial Officer, Chief Executive Officer and the Board of Directors of Hydro One Inc, including preparation and planning of schedules and instructions; assessing and analyzing results; issue identification and resolution and gathering corporate, subsidiary, line of business and other functional unit information and analysis. The report includes budget to actual, confidential net income and capital forecasting and year-over-year analysis of the income statement, balance sheet and statement of net cash flows.
3. Preparation of the monthly presentation to the Ministry of Finance and the Ministry of Energy and Infrastructure, including preparation of all supporting notes and schedules for briefings, and preparation of the quarterly Hydro One fact sheets.
4. Participate in the establishment of financial and internal control policies and guidelines for corporate, subsidiaries, lines of business and other functional units. Perform studies and provide guidance within scope of assigned business area.
5. Participate in the preparation of external consolidated annual and quarterly financial statements and management's discussions and analysis and underlying processes in accordance with generally accepted accounting principles and related securities legislation. This includes assessing and accumulating information and data; preparation of analysis; working papers and issue identification and resolution. Be responsible for specific assigned areas which could include the preparation of Statement of Consolidated Cash Flow and review of contractual obligations to determine appropriate disclosure requirements.
6. Contribute to the development of financial reporting and accounting policy briefing notes and presentations, based on a strong understanding of regulatory accounting principles and International Financial Reporting Standards (IFRS).
7. Keep abreast of current and potential developments in the field of accounting, internal control, external and internal financial reporting, budgeting and planning, finance and regulatory. Includes summarizing and reporting upon regulatory developments from the Ontario Energy Board and other regulatory bodies, including decisions, directives and general accounting applications.
8. Contribute to the reporting process by analyzing inputs received from various groups throughout the organization.
9. Co-ordinate internal control reviews and compliance testing.
10. Coordinate and communicate regular Audit and Finance Committee agendas and annual work plan, ensuring compliance with mandate of the Committee.
11. Prepare schedules and instructions for internal reporting deadlines for the reporting year.
12. Assist the regulatory processes, including providing assistance with the preparation of regulatory financial information in support of OEB quarterly and annual filings; development of written evidence, supporting analysis, working papers and briefings in support the OEB Rate Hearing process; preparation of responses to interrogatories and undertakings; and preparation of USofA financial information for filing purposes.
13. Assist in resolution of day-to-day issues associated with areas of responsibility, attend staff meetings and participate in task forces, as assigned.
14. Perform other duties as required.

Selection Criteria:

Education:

• Requires a knowledge of finance, financial reporting, securities legislation, accounting, economics and mathematics to perform forecasting and develop accounting and financial and internal control policies, business plans, financial statements budgets and standards, including a strong knowledge of International Financial Report Standards and Canadian GAAP to prepare reports.
• 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 (CGA, CMA, CA) or by having the equivalent level of education.

Experience:

• Requires experience in a financial environment to be familiar with developing and implementing financial reporting and accounting processes and procedures.
• Requires experience with various computer systems to prepare and develop financial reports.
• Requires experience with the operations and objectives of the various departments in the business unit services provided, the responsibilities of divisional personnel, the accounting, business plans and budget activities and the various financial reports and studies. A period of over 8 years and up to and including 10 years is considered necessary to gain this experience