Accounting Financial Revenue Analyst

Hydro One Networks Inc • Toronto, ON

17h • CA$93,862 - CA$134,088 • Onsite

About The Position

The Accounting Financial Revenue Analyst assists in the objective of maintaining financial integrity, compliance, accurate reporting as well as the achievement of corporate strategies through effective analysis, advice, and guidance to the business. Participates in the preparation and completion of analyses and information for senior management and external agencies. Participates in the management of corporate business reporting and planning, public hearings and the management reporting processes. Acts as a primary interface and liaison with client Lines of Business.

Requirements

• Requires a knowledge of financial accounting, including revenue and accounts receivable and forecasting models.
• Requires a good knowledge of English to communicate effectively with internal and external contacts and to prepare technical reports.
• Requires experience implementing and assisting with integrated operational business processes to drive efficiency value and drive transformational changes.
• Data management and analytics with the capability of aggregating and synthesizing data from multiple/disparate systems and creating meaningful reports that aide in making both tactical and strategic decisions.
• A period of over 4 years, up to and including 6 years is considered necessary to gain this experience.

Responsibilities

• Support the reporting of revenues and related cost of sales requirements and variance analysis for Corporate Finance and the Lines of Business (monthly and as required) in order for them to accrue for unbilled revenues/cost of sales.
• Develop and maintain effective controls to support certifications required under securities legislation.
• Evaluate and make recommendations to the Supervisor regarding process and data enhancements to streamline and improve the timeliness and accuracy of revenues/cost of sales reporting aligned with the overall accounting process.
• Assist in the implementation of enhancements to reports in the Business Intelligence / Business Warehouse.
• Assist and complete UAT testing as required.
• Maintain the revenue tracking model to enable accurate and relevant variance analysis as well as communicating findings to management.
• Ensure and validate the relevant Lines of Business provide updated forecasts (including year end) and incorporate this into the overall financial reporting process.
• Ensure the annual budget is received from Strategic Finance for upload into SAP for revenues (internal/external), work programs and cost of sales.
• Validate for accuracy and completeness and work with the Strategic Finance to assist in setting up the initial year end projections.
• Complete the quarterly cash flow analysis for accounts receivable and accounts payable as applicable to this role.
• Develop and ensure the process with the Lines of Business is adhered to for variance analysis in order to provide relevant explanations on results and variances.
• Support, analyze and advise on the monthly close and reporting requirements for transmission and distribution revenues / cost of sales to ensure accurate and timely reporting.
• Complete and review reconciliation of BI reports to the G/L for accuracy and appropriateness and provide training as required.
• Assist in the preparation of the revenue forecast components of the business planning process.
• Work with Lines of Business to ensure their accruals and forecasts are reasonable.
• Ensure all known issues are accounted for appropriately, including volumes, rates, and government pronouncements/regulations as applicable.
• Prepare briefing notes and summaries as required.
• Adhere to and contribute to the month end / year end reporting process, requirements, and timelines.
• Ensure all regulatory, financial, and internal control objectives are achieved.
• Completion and analysis of the quarterly allowance for doubtful accounts provision.
• Where contentious issues may arise, work with the Supervisor and Line of Business to resolve on a timely basis.
• Work cross functionally with Customer Care and Information Services Division and assist with the implementation of system changes revenues / cost of sales as required.
• Assist Supervisor in making effective recommendations regarding strategies and process improvements to maximize cash flow and minimize costs.
• Coordinate and communicate this with the Lines of Business in order to ensure requirements are met as well as implementing changes to meet regulations as required.
• Assist Supervisor in ensuring financial reporting and internal control objectives are achieved for all financial processes relevant to this role.
• This includes the development and maintenance of applicable internal control policies, procedures, and practices to support certifications required under securities legislation.
• Assist Supervisor in providing effective support for revenue related initiatives on cross-functional teams and Lines of Business.
• Ensure the impact of Government regulations and internal initiatives are evaluated and issues are identified and raised for resolution on a timely basis in consultation with Supervisor and Regulatory Finance.
• Assist Supervisor in monitoring regulatory developments and changes related to revenues/cost of sales.
• Assess the impacts to current results, business plan and forecast and provide appropriate recommendations to address.
• Provide advice, guidance, and direction to other team members and Lines of Business that support the revenue, cost of sales and receivables processes.
• Support regulatory requirements, including reporting of actuals for rate filing, preparation of evidence, development of briefing materials, responses to interrogatories, transcript undertakings and addressing general OEB hearing questions.
• Assist and support the various external and internal audit processes, including OEFC, OPA, IESO, OEB and external financial audits.
• Identify non-contentious issues and communicate to external and internal stakeholders for resolution on a timely basis.
• Assist and support the revenue team with reporting and analysis, budget and financial model preparation.
• Perform other duties as required.

Benefits

• We provide an extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability to enable our employees to be the best version of themselves.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level