Capital Asset Analyst at Alectra Utilities

Mississauga, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

15 Feb, 26

Salary

60.55

Posted On

17 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Statements, Reconciliation, Depreciation, Budgeting, IFRS, CGAAP, Journal Entries, Fixed Assets, ERP Applications, Problem Solving, Communication, Organizational Skills, Audit Preparation, Policy Assessment, Data Gathering, Process Improvement

Industry

Description

Capital Asset Analyst (PWU) (Temporary contract - 6 months) Posting # 2025-261 Location: Mississauga (Derry Rd) /Hybrid Department: Finance Number of Vacancies:1 Hours per Week: 35 Rate of Pay: $37.60/hr - $60.55/hr Posting Open: November 17, 2025 Posting Closed: November 28, 2025 At Alectra, we energize a brighter future by empowering our workforce through the talent of tomorrow's bright minds. We promote a culture that encourages collaboration, celebrates innovation and supports lifelong learning. We are committed to creating a safe and inclusive workplace where everyone succeeds and has the opportunity to make a meaningful difference. Position Purpose: Reporting to the Supervisor Accounting, this position is responsible for maintaining the fixed asset subledger and the capital accounts within the general ledger, financial and budget input, including preparing various budget scenarios for capital and corporate budgets, and preparation of financial reports. The incumbent is also responsible for providing assistance with audit activities and preparation of year-end working papers. Responsibilities also include annual assessment of new and existing policies and procedure. Responsibilities: Assists with the production of financial statements by preparing financial reconciliation of various G/L accounts for balance sheet and income statement accounts. This includes management and reconciliation of the capital continuity schedule, fixed asset integrity reports, derecognition/disposals of assets and the resulting gains or losses and depreciation variance analysis. Maintains and reconciles fixed asset subledger to calculate depreciation in both IFRS and CGAAP Ledgers. Responsible for calculating depreciation for budget inclusion based on forecasted capital budget. Monitor the accuracy of the fixed assets automated allocations, review and analyze current set up and recommend changes as required. Prepare journal entries in IFRS, MIFRS and OEB ledger and all other ledgers maintained by Accounting and Finance required for monthly, quarterly, and annual financial statements. Input to new ledgers as required resulting from new regulations. Complete the monthly fixed asset derecognition process, including analysis of monthly fixed asset reports, follow up with other departments, preparing and completing derecognition entries and updating fixed asset counts in fixed asset subledger. Follow up with all responsible departments to obtain necessary information to record derecognition and disposals of fixed assets in the fixed asset module. Troubleshoot and investigate transactions not properly accounted for and recommend process changes to the Supervisor. Reviewing the accuracy of all customer invoicing, refunds, journal entries and work order close process. Preparation of assigned account reconciliations, including analysis and follow up of causes of variances. Annual assessment of polices and procedures related to fixed assets including fixed asset useful life; de-recognition; asset tracking; asset componentization and capitalization process. Assist with review of general ledger account reconciliations. Conducts budget and financial research and prepares reports as required. Prepares working audit papers and issue reports for interim and year-end audit and corresponds with auditors during preliminary and year-end audit processes. Support special projects by gathering data as required and by participating in projects to improve performance and processes of the organization. Acting as resource back up to staff during absences and as required. Responsible for a working knowledge and understanding of and make all efforts reasonable to work in accordance with and ensuring work is done in compliance with the appropriate safety legislation, EUSR rules, Alectra policies and procedures and safe work practices that apply to the work while adhering to the internal responsibility system. Reports any unsafe conditions or observed unsafe work practices using Alectra procedures. The incumbent may be asked to perform other related duties which may be assigned from time to time. Qualifications, Knowledge, Skills and Competencies: Education & Specialized Knowledge Requires a minimum of a college/university degree in Business Administration or Accounting. Relevant post-secondary Business Education and/or senior standing in CGA or CMA programs required. Completion of a professional accounting designation or enrollment in the CPA program preferred. Experience Minimum five (5) years related experience. Skills/Abilities/Competencies Requires advanced skills in the use of computer software programs for word processing and spreadsheet applications. Requires working knowledge of IFRS policies and procedures. Demonstrated ability to solve moderately complex problems. Demonstrated ability to lead meetings. Previous experience with fixed asset module in an ERP application, J.D. Edwards preferred. Good organizational skills with the ability to prioritize, meet deadlines and multitask in a fast-paced environment. Demonstrated written and verbal communication skills with coworkers and members of the public to achieve positive outcomes for the company. Working Conditions Work involves minimal unpleasant conditions or hazards, resulting in minimal discomfort or risk of danger - work is performed in the office. Who we are As the largest municipally owned electric utility in Canada, we are committed to growing, evolving and remaining innovative to build a sustainable and brighter future. Our values set us apart and are our fundamental beliefs about our organization: Safety: Stay aware, prevent risks and protect each other. Respect: Value everyone, act honestly and foster inclusion. Customer Focus:Be reliable, anticipate needs and deliver exceptional solutions with care. Excellence:Elevate performance, embrace diversity and deliver quality through collaboration. Innovation:Drive growth by embracing change, creativity and continuous improvement. Here’s why Alectra might be your ideal workplace: We offer comprehensive benefits. From health and wellness programs to financial security though our Defined Benefit Pension Plan – we offer a robust benefits package that supports you and your family. We invest in your career development. At Alectra, we care about our team’s future through offering ongoing trainings, mentorship and learning opportunities. We care about you work-life balance. Understanding that taking time off is essential to employee well-being, sustained productivity and high performance, we offer the following: Time off: At Alectra, we offer various time off options for our employees including vacation time, personal days, milestone parental leave top-up, volunteer days and bereavement days. Disconnecting from work: We prioritize your well-being through our “Disconnect from Work” policy which ensures you can maintain a healthy work-life balance. At Alectra, your unique contributions matter and help drive our collective success to a more sustainable and brighter future. Ready to Apply? If this sounds like you and gets you excited, we’d love to hear from you! Simply click the apply button to submit your resume and take the first step toward joining our team. *Due to the high volume of applications, we are unable to accept resumes via email. All applicants must apply through our careers page to be considered.* *First consideration will be given to permanent employees in the PWU/IBEW bargaining unit. **As per the Collective Agreement, any permanent new hire in their bargaining unit must remain in their current position for at least twelve (12) months prior to commencing a new position. At Alectra, we celebrate diversity and are committed to an inclusive recruitment process that honours the dignity and independence of all applicants. If you require accommodation during the process, please contact careers@alectra.com. We will work with you to ensure your needs are being met to the point of undue hardship. Thank you for your interest in building a career with us. While we appreciate all applicants, only those selected for an interview will be contacted. Please note: We kindly request no unsolicited resumes or agency referrals. Alectra does not accept resumes from recruitment agencies for any open positions unless a valid contract is in place. Use of Artificial Intelligence (AI) in Recruitment At Alectra, we’re committed to energizing a brighter future through innovation and responsible technology use. While we may use digital tools to support the efficiency of our recruitment process, we do not use AI to identify or screen candidates. Applications are personally reviewed by either a member of the Talent Acquisition team or one of the hiring leaders, ensuring a fair and human-centered experience for all applicants.

Responsibilities

The Capital Asset Analyst is responsible for maintaining the fixed asset subledger and capital accounts, preparing financial reports, and assisting with audit activities. The role includes managing financial reconciliations, depreciation calculations, and policy assessments related to fixed assets.