Senior Financial Analyst
Oshawa Power, a subsidiary of Oshawa Power & Utilities Corporation, and affiliate of fiber optic, district energy and renewable generation businesses, is the local hydro-electric distribution company that supplies electricity to more than 63,000 customers in the city of Oshawa. Located just 45 minutes east of Toronto off the shores of Lake Ontario, Oshawa serves as the economic engine for the Durham Region. Oshawa Power maintains 1000 km of overhead and underground distribution lines within a 150 km2 service territory, operated at 44 and 13.8 kV, supplied by 9 distribution and 3 transmission substations. The organization is committed to the safe, reliable and efficient delivery of electricity through responsible financial management, strategic reinvestment and continuous innovation.
About this Opportunity
Reporting to the Supervisor, Financial Analysis & Reporting the Senior Financial Analyst will be responsible for collaborating with operational leaders and executives in a variety of activities: financial and capital planning, analysis and reporting processes across the group of Oshawa Power companies. Specifically, this position will lead the regulated and unregulated capital operations from a budget, forecasting and reporting perspective and be involved in operational budgeting, forecasting, variance analysis, financial reporting, and preparation of reporting for senior level executives and the Board and its Committees across all entities.
As the successful applicant, you will have the opportunity to work on:
Financial Planning & Analysis
- Planning, Forecasting, and Budgeting. Work with operational departments in developing annual budgets, financial forecasts, monthly variance analysis and financial reporting (entity and project level)
- Lead the capital budgeting & forecasting process and assist the Distribution System Plan (DSP) capital team with annual budget preparation, forecasting and 5 year plan
- Lead all capital inquiries for external, interim and year end audit
- Support Operations team with decision making by identifying, quantifying, and communicating financial risks and opportunities, and providing advice and guidance regarding financial and capital matters
- Review operating results across all entities identifying key trends, risks, gaps to target, and areas of improvements
- Assist in the preparation of financial presentations and reports for senior management, the Board, and Finance and Audit Committee, highlighting the most relevant and important findings
- Support identification, review, negotiation, and evaluation of potential investments in distributed energy projects
- Ensure financial modelling is complete and reflects business inputs from stakeholders and that all assumptions have been properly vetted and documented
- Develop new and maintain existing financial models to drive quantitative insights to support business decisions, assess investment/acquisition opportunities and overall business unit/project performance
- Drives continuous process improvement throughout the organization, through automation and integration of business processes and is a proponent for positive change
- Support with the development and tracking of key business metrics
- Other duties as assigned
What you have to offer:
- Post-secondary degree, together with a recognized professional accounting designation;
- 5 years of progressive accounting and finance experience, with working knowledge of IFRS accounting guidelines;
- Knowledge of the regulated Ontario electricity market, including retail electricity contracts and distribution regulations in a utility environment will be considered an asset;
- Experience with Great Plains and JET reports will be considered an asset;
- Demonstrated experience with accounting, financial reporting, budgeting, and forecasting;
- Demonstrated ability to build relationships, collaborate with cross-functional teams, and work with and across various business units within the organization;
- Strong sense of urgency and decision-making skills conducive to managing priorities and meeting internal and external timelines;
- Excellent time management skills; sound judgment and decision making, critical thinking and creative problem-solving abilities;
- Strong internal finance skills including budgeting and planning, financial systems, management reporting, and forecasting;
- Superior organizational, analytical and facilitation skills; with excellent attention to detail;
- Ability to perform detailed reconciliations and numerical analysis; and work with large data sets;
- Technologically savvy – willingness to take initiative in learning the systems to create efficiencies from a reporting perspective while ensuring internal control compliance;
- Excellent interpersonal and problem-solving skills with the ability to maintain professional and effective working relationships;
- Results oriented mindset with ability to work on multiple projects/tasks at one time, to work well under pressure and meet strict deadlines, work as part of and contribute to a multidisciplinary team;
- Strong written and verbal communication skills; ability to influence and communicate effectively across the company and externally at all levels;
- Candidates should thrive in a dynamic and ever-changing environment;
- Commitment to safety, teamwork, respect in the workplace and continued improvement of processes and procedures.
What we have to offer:
In addition to working alongside a talented and inspiring team, Oshawa Power offers;
- OMERS Pension fully vested from date of hire;
- Comprehensive benefits package and paid time off;
- Ontario Government Mobile Data plan;
- Fitness & Tuition reimbursement plans;
- Opportunities for professional development and growth within the company.
Oshawa Power embraces and celebrates our collective diversity. We are committed to fostering an inclusive, diverse and equitable workplace built on respect, support and collaboration.
Oshawa Power 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 careers@oshawapower.ca and we will work to meet your needs. We thank all applicants; however, only those to be considered will be contacted
APPLICATION PROCESS
Interested and qualified applicants are invited to submit their resume no later than August 28, 2024 by email to: careers@oshawapower.ca*Please include the position title you are applying for in the subject line.
We thank all applicants but only those selected for an interview will be contacted. All applicants must be legally entitled to work in Canada. Should you require accommodation through any stage of the recruitment process, please let us know when we contact you and we will work with you to meet your needs.
