Senior Advisor – Financial Reporting and Accounting Policy

Job Information
Author pmnationtalk
Date June 29, 2020
Type Full Time
Company Hydro One
Location Toronto, ON
Category Accounting / Finance
Client Hydro One
Contact Information
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Senior Advisor – Financial Reporting and Accounting Policy

Date: Jun 25, 2020

Location: Toronto, ON, CA

Company: Hydro One Networks Inc

35948 – 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!


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


  • Assist in the preparation of quarterly and annual consolidated financial statements in US GAAP, annual subsidiary financial statements in US GAAP & IFRS, and pension financial statements in accordance with ASPE and related securities legislation, as required.
  • Assist in the preparation of quarterly and annual Management’s Discussion and Analysis (MD&A), press releases, Audit Committee reports, Board reports, and other reports and memos, as required.
  • Keep abreast of developments in financial reporting as it relates to disclosures and accounting policies, and where necessary, develop and communicate new accounting policies and guidelines to business units.
  • Analyze new accounting pronouncements and synthesize the relevant facts and be able to succinctly summarize the facts and the impact on the business.
  • Provide guidance on the application of US GAAP to complex transactions.
  • Demonstrate strong knowledge and understanding of US GAAP principles, regulatory principles and OSC & SEC reporting requirements.
  • Provide guidance and direction on continuous disclosure requirements, including that necessary to sustain compliance with securities regulations pertaining to certification requirements.
  • Interface with actuaries to prepare actuarial valuation requirements for external reporting purposes.
  • Provide guidance and Finance support for Mergers & Acquisition due diligence activities.
  • 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, IFRS, OSC requirements and SEC requirements. 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 knowledge of and experience with rate-regulated accounting principles.
  • Requires experience in preparing financial statements and Management’s Discussion and Analysis.
  • Requires experience in the establishment and interpretation of regulatory and accounting policies and guidelines, and implementing new accounting and securities legislation.
  • Requires experience in performing financial analysis in the development of financial accounting and reporting practices and procedures.
  • Requires an understanding of pension techniques and actuarial valuation concepts.
  • 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 2020.

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: July 14, 2020

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