Accounting & Financial Analyst

at  Hydro One Networks Inc

49317 - 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:

Report to the Manager, Cost Accounting and Reporting, accountabilities include:

• Provide advice, guidance, recommendations and assistance to line staff and management regarding all manner of financial issues.
• Review cost control and financial reporting procedures, assess their effectiveness and recommend changes or improvements as necessary.
• 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, and monthly cost reports.
• Assist in the preparation of the business plans and budgets, gathering departmental and LOB data and assessing and accumulating information into appropriate formats.
• Provide business support to the LOB in project administration including release, work order and reporting activities.
• Report on historical spending and identify, evaluate, analyze and explain project variances between budgeted/forecast and actual expenditures.
• 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.
• Assist with the production of financial statements, budgets, budget restatements, business plans, staff plans, verifying the completeness and accuracy of the information.
• Review, revise and coordinate reporting systems with a view to assessing their impact to ensure these systems reflect corporate needs.
• Work directly with Project Managers to develop monthly forecast for project costs and work program accomplishment units.
• Developing and maintaining tools, dashboards and reports related to project costing and status
• Perform accounting transactions for various programs and projects, including cost accruals, revenue accruals, and journal transfers.
• Capitalize and retire project assets as required.
• Contribute to department process improvements; for example, creating new reports, developing new tools to expedite manual processes, and improving the teams records management processes.
• Entry and extraction of data to/from various computer applications.
• Coordinate, assemble and prepare data. Analyze data to ensure consistency with corporate assumptions and strategies.
• Conduct or coordinate special studies, costing reviews and process initiatives.
• Prepare and deliver financial presentations, as necessary.
• Attend staff meetings and participate in task forces, special studies and initiatives as assigned.
• Perform other duties as required.

Please refer the Job description for details