Capital Asset Analyst

Capital Asset Analyst

Join to apply for the Capital Asset Analyst role at Elexicon Energy Inc.

Elexicon Energy is the fourth-largest municipally owned electricity distributor in Ontario. Our mission is to provide our customers with reliable, affordable energy services and to continuously improve to meet their needs, while ensuring the needs of our shareholders are met through sustainable growth.

Why Join Our Team?

At Elexicon Energy we believe in living and leading our values through our daily actions. Our people are passionate about what they do and are engaged in day-to-day operations, projects and initiatives to support Our Why of empowering the communities we serve and helping customers create the possibilities that energize their future. This is an exciting time to join our growing team as we develop the strategies and plans to support a new brand and vision for customer centricity and operational excellence!

Reports to Manager, Capital Assets and is responsible to provide analysis and reporting of the acquired and self constructed capital assets of the company. This position assists in the management and execution of the economic evaluation model and the administration of the related financial obligations, development and documentation of capital related processes, capital planning activities, month end close and provides support to business units as required.

Duties And Responsibilities

• Executes goal-oriented tasks and/or projects established by the Manager to achieve departmental objectives.
• Assists in the capitalization of completed projects in a WIP based financial accounting environment. Ensures all capital project requirements have been addressed prior to capitalization.
• Assists business units by addressing capital related queries and prepares financial reports to assist with capital execution.
• Assists with documentation and development of capital related processes. Monitors and assists with implementation of controls as required.
• Assists with regulatory reporting, recording and calculation of regulatory balances. Develops processes, maintains documentation on regulatory balances.
• Assists in regulatory applications.
• Leads and assists business units in the development of the Capital Financial Plan.
• Prepares management reports such as
  • Capital expenditure reports.
  • Estimate/Budget to Actual reports.
  • Classification of Capital Expenditures.
  • Actuals to Standard Costs analysis to assist in benchmarking and score carding related to capital asset investments.
• Maintains and enhances system reports using system reporting tools as per specifications developed by the Manager and/or others.
• Provides administration on reporting and tracking schedule for closure of recoverable third-party capital work.
• Provides guidance and training to Accounting Analyst and Accounting Associate on job closures and invoicing of receivables related to capital assets, including recoverable jobs.
• Completes over/under variance analysis by type of recoverable job, provides recommendations and revised estimates as identified.
• Routinely and periodically audits, reviews and reports on active and recent jobs, standing fixed cost chargeable activities, long term recoverable contracts, projects and short-term recoverable work, to ensure proper system set up and account mapping.
• Analyzes and checks for accuracy and correctness in recoverable amounts, estimating, payments, invoicing, deposits, and other financial matters. Reports specifics and on general trends and metrics as required.
• Assists the department manager in administration of the Job Cost accounting system including system and report setups.
• Administers the financial and administrative processing of financial obligations related to capital assets including:
  • On all residential developments, line extensions, and similar projects subject to economic modeling and capital contributions as per the Distribution System Code.
  • Provide results of modeling for approvals and initiate collection and/or payments.
  • Track, maintain and reconcile developer liabilities and review for settlement of financial obligations.
  • Complete annual updates of economic evaluation model and other models as required.
  • Perform project reviews and reconciliations for residential developments and ensure that all parties fulfill service agreement obligations before settlement of developer liabilities.
  • Analyzes and recommends reduction or release of third-party Letter of Credit related to residential developments or other capital projects.
  • Assists with preparation of year end reporting to external auditors.
  • Prepares journal entries and assists in the month end close process. Other ad hoc reporting as required.
  • Provides training and advice on accounting requirements and capital related regulatory requirements.
  • Performs other duties as required which may be considered part of these responsibilities.

Key Skills & Qualifications

• 3 to 5 years related experience.
• Proficient in Microsoft Office applications (Microsoft Word, Microsoft Excel, Microsoft Outlook, etc.) and ERP (e.g. SAP).
• Proficient in report writing and data mining tools.
• Excellent verbal and written communication skills.

Minimum Requirements

• Accounting Designation (CPA, CGA, CMA or equivalent).
• University Degree in accounting or business administration.
• Minimum 3 to 5 years accounting/finance experience.

Our Commitment To Diversity, Equity, Inclusion And Belonging

Elexicon Energy embraces and celebrates our collective diversity. We are committed to fostering an inclusive, diverse and equitable workplace built on respect, support and collaboration.

Elexicon Energy is an equal opportunity employer. We value an inclusive and supportive workplace which truly reflects the diversity of the communities we serve. We welcome all individuals to apply and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, Indigenous/Métis status, or other legally protected status.

In accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, accommodation is available upon request at any point during the recruitment process. If you require accommodation please email us at HR@elexiconenergy.com and we will work to meet your needs.

We thank all applicants; however, only those to be considered will be contacted.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Utilities

Location: Whitby, Ontario, Canada.