Accounting & Financial Analyst

50877 - Toronto - Regular

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

General Accountabilities:

• Utilize existing financial and management systems to gather and consolidate information to produce a variety of business information such as management reports, LOB budgets, business plan, staff plan, cost trends, performance reports, monthly cost reports. Coordinate, assemble and prepare data. Analyze data to ensure consistency with corporate assumptions and strategies.
• Review existing budgetary, business plan, staff plan and financial control procedures to ascertain their effectiveness and recommend improvements as required. Prepare new or revised procedures and assist in their implementation. Provide advice, guidance, recommendations and assistance to line management on budgets and in the evaluation and explanation of significant variations between budgeted/forecast and actual expenditures. Review cost control and financial reporting procedures, assess their effectiveness and recommend changes or improvements as necessary. Prepare and deliver orientation presentations, as necessary.
• Assist in the preparation of the business plans and budgets, gathering departmental and LOB data and assessing and accumulating information into appropriate formats. Review submitted plans and budgets for accuracy and ensure consistency of budgets with approved Business Plans. Report, analyze and explain budget variances.
• Provide business support to the LOB in project administration including release, work order and reporting activities.
• Review, revise and coordinate reporting systems with a view to assessing their impact to ensure these systems reflect corporate needs. Assess problem areas, discuss with supervisor and assist in the development and implementation of revised systems.
• Assist in defining requirements and evaluating outputs produced each year with the objective of providing a clearer picture of ongoing work and the benefits.
• Assist with corporate financial requirements for regulatory filings, budgets and coordinate with internal objectives. Gather all pertinent data, evaluate and submit recommendations and/or findings to supervisor for consideration.
• Attend staff meetings and participate in task forces, as assigned.
• Provide advice, guidance, recommendations and assistance to line management in assessing the business aspects of internal controls, programs and projects, staff and organization plans, cost benefit analysis, and cost allocation. Assist in the preparation of documentation of projects/programs according to established financial procedures for submission to the Corporate Controller/CFO for approval.
• Assist with the production of financial statements, budgets, budget restatements, business plans, staff plans, verifying the completeness and accuracy of the information.
• Perform other duties as required

Selection Criteria:

Education:

• Requires a knowledge of business/financial planning and cost accounting principles, financial analytical techniques and computer applications to develop, implement and maintain financial control systems.
• Requires a good knowledge of English to communicate effectively with internal and external contacts and to prepare technical reports.
• This knowledge is considered to be normally acquired either through the successful completion of a four year university education in business administration or commerce with an accounting or finance major plus one year further concentrated study and a recognized accounting designation (CGA, CMA, CA) or by having the equivalent level of education.

Experience:

• Requires experience to be familiar with the regulated utility business.
• Requires experience in payroll, payables, financial evaluations, receiving and cost accounting, to prepare statements and reports, budgeting and the processing of work orders, etc.
• Requires an understanding of the interrelationship of the various finance groups.
• Requires experience with computers and applications to develop and apply information systems and use information from systems within the business unit.
• Requires experience with various terminologies associated with regulatory filings and regulatory accounting.
• A period of over 4 years and up to and including 6 years is considered necessary to gain this experience.

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2025.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

Hydro One and its partners/affiliates may use AI to screen, assess or select applicants for the position.

"Employer of the year 2025"

Deadline: November 10, 2025

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We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.