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Senior Advisor – External Reporting & Regulatory Accounting

Job Information
Author pmnationtalk
Date January 13, 2020
Type Full Time
Company Hydro One
Location Toronto, ON
Category Accounting / Finance
Client Hydro One
Contact Information
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Senior Advisor – External Reporting & Regulatory Accounting

Date: Jan 10, 2020

Location: Toronto, ON, CA

Company: Hydro One Networks Inc

33841 – Toronto – Regular –  

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly  1.4 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:

Support the Corporate Controller’s objective of maintaining financial integrity, compliance and effective financial reporting and internal control


  • Manage Regulatory accounting and reporting for Hydro One entities, with direct responsibility for most Hydro One entities and as an expert advisor for affiliates:
    • Manage monthly & quarterly accounting and reporting requirements
    • Take ownership of external regulatory accounting disclosures
    • Prepare evidence in support of rate applications and other regulatory requirements
    • Provide subject matter expertise for regulatory accounting & reporting to various organizational groups
  • Support the filing of the quarterly and annual Reporting and Record Keeping Requirements (RRR) with the OEB
  • Lead the quarterly Letter of Disclosure process: discuss potential disclosure items with various organizational groups, assess and follow-up as required and prepare the quarterly letter of disclosure
  • Support Investor Relations group with quarterly and annual reporting:
    • Provide reporting and disclosure expertise for quarterly investor relations presentations, quarterly analyst call, the annual report and any ad hoc reporting needs
    • Assist Investor Relations in the drafting of the quarterly earnings release (in collaboration with other organizational groups)
  • Manage the Environmental Liability & Asset Retirement Obligation processes: coordinate the annual provision process, review data provided by the operational groups and provide accounting expertise
  • Lead the Material Contract Review Process: coordinate with other organizational groups, assess material contracts and conclude on accounting impacts
  • Represent the Corporate Controller group in debt and equity related due diligence activities
  • Represent the Corporate Controller group on the cross functional team that develops the strategy for the annual report
  • Assist in the preparation of quarterly and annual consolidated US GAAP financial statements.
  • Demonstrate strong knowledge and understanding of US GAAP principles, regulatory principles and OSC & SEC reporting requirements.
  • Provide guidance and Finance support for Mergers & Acquisition due diligence activities.
  • Represent the Corporate Controller group in preparation of the Annual Corporate Social Responsibility report, and the Annual Report
  • Prepare submissions to the Audit Committee and Board of Directors as required.
  • Perform other duties as required.

Technical Knowledge: 

  • Requires strong, demonstrated knowledge of accounting and financial reporting and prior experience with US GAAP, OSC requirements and SEC requirements.  Requires strong knowledge of the regulatory environment for utilities in Ontario and demonstrated experience with regulatory accounting, reporting and applications. This knowledge is considered to be normally acquired through the successful completion of a four year university education in business administration or commerce with an accounting or finance major and a recognized accounting designation (CPA, CA), along with at least 5 years of relevant experience. External audit experience would be considered an asset.
  • Requires experience in the establishment and interpretation of regulatory and accounting policies and guidelines.
  • Requires experience with the overall operation and functions of major organizational groups, interrelationships within the organization, policy and planning practices and a thorough understanding of how all these aspects are reflected through the management structure of the organization.
  • Requires experience to be familiar with ERP (SAP preferred), Workiva (Wdesk), internal controls, policies, procedures and securities legislation.
  • Requires a good knowledge of English to communicate effectively with internal and external contacts and to prepare technical reports

Demonstrated Management Skills:

  • Achievement Motivation – concern for working well or for competing against a standard of excellence
  • Analytical thinking – ability to understand a situation by segmenting and tracing implications step by step
  • Client – Service Orientation – desire to help or serve others, to meet their needs
  • Developing Others – takes action to foster the long-term learning or development of others
  • Directiveness – able to insist others comply with one’s wishes where the power of one’s position is used appropriately and effectively, with the long-term good of the organization in mind
  • Impact and Influence – able to persuade, convince, influence or impress others
  • Initiative – takes action, proactively doing things and not simply thinking about future actions
  • Information seeking – ability to acquire information relevant to the achievement of valued goals
  • Listening, Understanding and Responding – ability to accurately listen, understand and respond appropriately when interacting with individuals and groups
  • Strategic business thinking – ability to apply their technical knowledge and experience to making management decisions for achieving business objectives
  • Team leadership – ability to take a role as leader of a team or other group
  • Teamwork – able to work with others as part of a team, as opposed to working separately or competitively

Technology Experience:

  • A good knowledge of Microsoft Office suite of products (Excel, Word, Powerpoint, Visio, Outlook, etc…).

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 2019.

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  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.

Deadline: January 27, 2020

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Job Segment: Accounting, Regulatory Affairs, Law, ERP, Equity, Finance, Legal, Technology

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