Financial Analyst Corporate Accounting

Hydro One Networks Inc•Toronto, ON

24d•CA$106,652 - CA$151,720•Onsite

About The Position

Hydro One is the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. With a history spanning over 110 years, the company has evolved to meet the changing needs of its customers and communities. Hydro One is currently focused on providing exceptional customer service and building safe communities. This role is a temporary 14-month position within the Corporate Accounting team.

Requirements

Utilize existing financial systems and related controls to gather and compile data.
Produce business information such as financial statements, variance reviews, accounting analysis, financial/statistical reports, and monthly consolidated financial statements.
Prepare and/or review financial evaluations.
Analyze data for consistency with assumptions and strategies.
Coordinate, assemble, and prepare data.
Develop and maintain financial systems and controls, assess their effectiveness, and recommend improvements.
Provide advice, guidance, recommendations, and direction to line and clerical staff regarding financial issues.
Develop and implement controls and administer work in the maintenance of accounts and financial support systems.
Develop, implement, and maintain management information systems and data collection procedures.
Manage the setup of new general ledger accounts and changes to existing accounts, cost/profit centers, and company segments in SAP.
Review requests for reasonability, financial reporting impact, accuracy, efficiency, and completeness.
Coordinate and review the quarterly general ledger account analysis process.
Review and verify sign-off by Service Providers staff and Hydro One account owners.
Follow up on outstanding analysis and provide support to account reconcilers and owners.
Follow up on outstanding items identified in account analysis.
Coordinate quarterly Bill 198 review of master data changes and quarterly general ledger account analysis.
Review financial statements and supporting material for external reporting purposes and external auditors.
Manage the preparation of the Quarterly Reporting Package for external auditors.
Respond to questions on the financial statements from senior management and auditors.
Reconcile subledger and subsystem balances in SAP to the GL control accounts on a monthly basis.
Maintain evidence of reconciliation for Bill 198 review and sign-off.
Reconcile and analyze intercompany control accounts on a monthly basis.
Periodically supervise staff assigned on a temporary basis.
Provide advice, guidance, recommendations, and assistance to line management in assessing business aspects of internal controls, programs, and projects.
Assist in the preparation of documentation of projects/programs according to established financial procedures.
Support regulatory processes, including assistance in rate applications, evidence preparation, responses to interrogatories, and general hearing support.
Support special purpose reporting such as the annual reconciliation of WSIB filings.
Develop and maintain performance measures and the appropriate reporting system for monitoring and controlling such measures.
Conduct special studies, and analyze current financial data, costs, and trends.
Ensure the reliability of Hydro One's internal financial controls by participating in the design, development, and implementation of various accounting and administrative control procedures.
Conduct financial reviews and the follow up of operational and financial audits.
Provide and exchange accounting information with other subsidiary and line of business staff.
Participate in and/or conduct meetings and discussions on divisional and related financial procedural matters.
Review and coordinate preparation of written instructions for use by the appropriate staff in the application of financial and accounting practices and procedures.
Assist in ensuring financial reporting and internal control objectives are achieved for all applicable financial processes.
Develop and maintain applicable internal controls policies, procedures, and practices to support certifications required under securities legislation.
Perform other duties as required.

Nice To Haves

Experience with SAP

Responsibilities

Manage general accounting activities including journal posting for environmental expenses, intercompany interest, subsidiary trial balance, and regulatory account clearing. Review and analyze journal entries for accuracy, completeness, and documentation, resolving outstanding issues. Assist in reviewing journal entries over $250K.
Manage the setup of new general ledger accounts, cost/profit centers, and company segments in SAP, including reviewing requests for reasonability and financial reporting impact. Coordinate and review the quarterly general ledger account analysis process, ensuring completeness and accuracy. Follow up on outstanding items and provide support to account reconcilers and owners.
Review financial statements and supporting material for external reporting and auditors. Manage the preparation of the Quarterly Reporting Package, including variance analysis and responding to auditor questions. Respond to inquiries from senior management and auditors regarding financial statements.
Reconcile subledger and subsystem balances in SAP to GL control accounts monthly, maintaining evidence for review. Reconcile and analyze intercompany control accounts monthly.
Periodically supervise temporary staff assisting with financial statement production and special projects, verifying completeness and accuracy.
Provide advice, guidance, and recommendations to line management on business aspects of internal controls, programs, projects, cost-benefit analysis, and cost allocation. Assist in preparing project/program documentation for approval.
Support regulatory processes, including rate applications, evidence preparation, responses to interrogatories, and general hearing support.
Support special purpose reporting, such as the annual reconciliation of WSIB filings.
Develop and maintain performance measures and reporting systems for monitoring and control.
Conduct special studies and analyze financial data, costs, and trends to meet management and Corporate Controllers division needs.
Ensure the reliability of internal financial controls by participating in the design, development, and implementation of accounting and administrative control procedures. Conduct financial reviews and follow up on operational and financial audits.
Exchange accounting information with other subsidiary and line of business staff on matters of joint concern.
Participate in and/or conduct meetings and discussions on divisional and related financial procedural matters.
Review and coordinate the preparation of written instructions for financial and accounting practices and procedures.
Assist in achieving financial reporting and internal control objectives for all applicable financial processes, including the development and maintenance of internal controls policies, procedures, and practices for securities legislation certifications.
Perform other duties as required.