Finance Manager

1 week ago

Oshawa ON, Canada LHH Knightsbridge Full time

Chief Executive Officer
Oshawa, ON (Hybrid - 3 days in office)

Oshawa Power, a subsidiary of Oshawa Power & Utilities Corporation (“OPGOC”), and affiliate of fiber optic, district energy and renewable generation businesses, is the local hydro-electric distribution company that supplies electricity to more than 63,000 customers in the city of Oshawa. Oshawa Power maintains 1000 km of overhead and underground distribution lines within a 150 km2 service territory, operated at 44 and 13.8 kV, supplied by 9 distribution and 3 transmission substations. The organization is committed to the safe, reliable and efficient delivery of electricity through responsible financial management, strategic reinvestment and continuous innovation.

It has a new, dynamic leadership team and a renewed focus on investment in talent and infrastructure with a view to create new innovative partnerships, growing returns on renewable energy investments and trusted relationships with the shareholder, industry partners and employees.

As a key leader on the executive team, the CFO will have accountability for the financial management of the organization including oversight of the Governance and Procurement portfolios and an emphasis on short and long term strategic planning, debt/equity modelling and investment opportunities.



Financial Management: Manage the company's financial operations, including budgeting, forecasting, and auditing. Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards;
This includes long-term financial planning and forecasting, risk management, and investment strategies;
Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders. Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with tax regulations;
Leadership: Direct the Finance and accounting team and ensure their ongoing professional development and training. Participate in key decisions as a member of the executive management team;
Support the President/CEO and to provide leadership, direction and input into the success of the organization as a whole with an emphasis on short and long term strategic planning, debt/equity modelling and investment opportunities;
Oversee all financial reporting and accounting requirements, treasury, rate application filings and maintaining corporate compliance with all regulatory, accounting, tax and financial bodies;
Corporate officer of the group of companies, including oversight on overall corporate structure;
Provide seniorsupport and advice to the Finance and Audit Committee including maintaining close contact with the Chair of the committees to provide reports, analysis, and information as needed;
Provide recommendations to the Board of Directors in relation to the finance portfolio, budget development and operating plan development consistent with the approved strategy;
Lead OPUC’s financial planning, cash flow modelling, debt financing and budget development and management functions. Ensure the company’s accounting procedures and reporting confirm to all required and regulated accounting principles and standards. Accountable for the development and maintenance of internal control systems to safeguard financial assets of the company;
Oversee and direct the customer service, billing, and collection functions with a view to cost effective, customer focused service delivery in compliance with all regulations;
Oversee and direct the procurement and inventory functions with a cost effective view while ensuring compliance with purchasing regulations and best practices; physical security and integrity of inventory; Canadian CPA designation and familiarity with various accounting standards including IFRS;
Minimum 10 years’ experience at a mid to senior management level within a finance/accounting department or division and demonstrated overall progressively responsible career growth;
Experience leading a customer service portfolio considered an asset;
Strategic Planning;
Risk Management and strong ethical standards;
Oshawa Power embraces and celebrates their collective diversity. They are an equal opportunity employer, valuing an inclusive and supportive workplace which truly reflects the diversity of the communities they serve. In accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, accommodation is available upon request at any point during the recruitment process.

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