Project Specialist

3 weeks ago

Mississauga ON, Canada Alectra Utilities Inc. Full time

Regulatory
Our Hybrid Workplace policy allows for an effective balance for employees with the opportunity to work in a hybrid environment; a combination of Remote / In-office work based on operational requirements.
The Specialist, Rates and Settlements executes all regulatory-related accounting procedures, including the accounting and reporting of both internal and external regulatory financial results, analysis of regulated revenue and deferral & variance accounts, and cost of power settlements. Additional responsibilities include distribution rate-setting initiatives with financial planning, budgeting, and investment activities .
Completes accounting procedures for regulated revenue, cost of power, and deferral & variance account balances, ensuring accuracy and adherence to regulations,
Prepares accurate, timely, and effective analysis of revenue, settlements, and regulatory-related elements of monthly financial results,
Prepares annual budgets and quarterly forecasts for revenue, cost of power, and deferral & variance account balances,
Supports rate applications, prepares annual OEB regulated filing requirements (RRR: Reporting and Record Keeping Requirements, Corporate Scorecard, etc.), and and other related regulatory submissions,
Supports the regulatory-related elements of internal and external financial audits,
Interprets, analyzes, and implements (when appropriate) existing and proposed regulatory legislation, codes, and guidelines,
Supports departmental projects and key initiatives, and assists in providing regulatory or financial expertise on special projects as required,
Provides support and works cooperatively with other internal groups regarding regulatory accounting, compliance, revenue, and settlement issues,
Monitors industry issues and regulatory developments to proactively keep abreast of new and evolving regulations, including analysis and recommendation of the appropriate course of action to industry changes which best supports the organizations position,
Supports the introduction of new or modified regulatory-related business processes including the creation of job aids and employee training,
Ensures compliance to legislative, regulatory, and health & safety policies, procedures and standards,
Bachelor’s degree in Business Administration, Finance, Economics, Accounting or a related discipline
Knowledge of regulatory and governmental requirements including: Retail Settlement Code, Distribution Settlement Code, Standard Supply Service Code, Affiliate Relationships Code, Electricity Distribution Rate Handbook, Accounting Procedures Handbook, Market Rules, Electricity and Gas Inspection Act, Accessibility for Ontarians with Disabilities Act
Strong computer skills with proficiency in MS Office applications
Minimum of 5 years’ experience in an accounting / financial control capacity with a minimum of 2 years’ experience in a regulated industry
Demonstrated experience in rate setting, wholesale settlements, and regulatory compliance an asset
Work experience in ERP, CIS and Settlement systems including, Oracle JD Edwards, CC&B and LPSS
Strong planning and prioritization skills to ensure multiple tasks are completed accurately and within established timelines
Must hold and maintain a valid class “G” driver’s license
Alectra will consult with all applicants who request accommodation during the recruitment process to ensure that the accommodation provided takes into account the applicant's individual accessibility needs, to the point of undue hardship .

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