Senior Financial Analyst

Senior Financial Analyst

Toronto Hydro is seeking a Senior Financial Analyst to contribute to the organization's success by executing budgeting, accounting, and financial reporting responsibilities. This is an existing vacancy reporting to the Manager, Financial Planning & Analysis.

Key Responsibilities

• Conduct financial accounting activities including monthly financial close and reporting, forecasting, budgeting, business planning, and providing analysis to internal clients.
• Prepare monthly, quarterly, and annual schedules and reports, including variance analysis on operating expenditures, other income, and other supporting schedules for management and external financial reporting.
• Interact with cross-functional teams to influence decision-making, obtain required inputs, and manage timelines.
• Provide reliable financial information, analysis, and operational support for electricity regulatory filings, tax provision reporting, and internal management reporting.
• Offer support and recommendations in financial policy, acting as the primary financial contact for assigned business units or supporting core back-office financial responsibilities.
• Synthesize complex financial and operational information into clear, executive-level materials for senior leadership decision-making and regulatory discussions.
• Improve productivity in Operational and Finance processes through re-engineering, automation, and leveraging technology.
• Implement risk management and internal controls, assessing their design, effectiveness, and compliance with policies.

Requirements

• Five (5) or more years of progressive financial planning and analysis and/or financial reporting experience.
• Professional accounting designation – Chartered Professional Accountant (CPA) in Canada required.
• Bachelor of Commerce, Business Administration, Finance, or related field from an accredited school.
• Proven leadership experience managing/mentoring small teams, projects, or initiatives.
• Solid understanding of accounting standards/policy (IFRS) related to fixed assets.
• Working experience with complex ERP systems (SAP preferred), data analysis, and reporting tools; demonstrated ability to work with large volumes of data.
• Advanced Excel skills and experience with Microsoft Office applications (PowerPoint and Word).
• Experience in capital-intensive environments or the energy sector is preferred.
• Understanding of the regulatory environment (Ontario Energy Board) is an asset.
• Demonstrated experience with project planning, documentation, and reporting skills.
• Ability to interpret operational reporting and statistics for decision-making in a time-sensitive and dynamic environment.
• Detail-oriented with strong business acumen.
• Excellent written and verbal communication skills, with the ability to communicate effectively with people at all levels.
• Demonstrates customer focus and ability to build strong relationships across the business.
• Maintains confidentiality over sensitive information.

Total Rewards

Toronto Hydro offers a comprehensive total rewards package including:

• 100% employer-paid Health & Dental benefits
• 24/7 access to Employee & Family Assistance Program and Virtual Healthcare
• Company-paid life insurance and long-term disability
• Spending account for fitness goals
• Competitive paid time off (vacation and parental leave)
• Defined Benefits Pension Plan through OMERS
• Career development and tuition reimbursement
• Employee engagement and appreciation events

Work Environment

This position is based in a hybrid environment, allowing for remote work two days per week, based on business needs. Employees are required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within a reasonable commuting distance of the office.

Recruitment Process

Toronto Hydro uses AI systems to assist in screening, assessing, or selecting applicants, in combination with human decision-making, to ensure fairness and consistency.

Accessibility and Application Support

Toronto Hydro is committed to an inclusive and accessible recruitment process. If you require accommodation with the online application system, please email hr_talent@torontohydro.com or call (416) 542-8000. Accommodation requests only; resumes sent to this email will not be considered.

Key skills/competency

• Financial Analysis
• Financial Reporting
• Budgeting
• Forecasting
• CPA
• IFRS
• SAP
• Excel
• Leadership
• Risk Management