Director, Finance

5 days ago

Ottawa, Ontario, Canada Hydro Ottawa Full time

Hydro Ottawa seeks a Director, Finance to lead financial planning, risk management, and reporting for the organization, guiding a team of financial professionals and driving growth and profitability.

At Hydro Ottawa, we empower the lives of the people in the communities we serve. As the electricity distributor to the Nation's Capital, our work powers the essential activities that make up our lives - at home, at work and at play. And as Ontario's largest municipally-owned producer of green power, we are leading the way to a greener tomorrow.

We are looking for a change champion and innovative leader ready to guide and mentor others, and enable them to do their best work. And in doing so, to leave a legacy.

The Director, Finance is a key member of the senior management leadership team, responsible for overseeing the financial health and stability of the organization. This encompasses strategic financial planning, risk management, financial reporting, accounting, and budgeting across all subsidiaries.

Key Responsibilities:

  • Lead the development and implementation of the organization's financial strategy, ensuring alignment with the overall corporate strategy.
  • Oversee financial risk management, identifying and mitigating potential risks to the organization's financial stability.
  • Analyze financial performance, identifying trends and opportunities for improvement.
  • Advise senior management on financial matters and provide strategic recommendations to drive growth and profitability.

Financial Reporting and Accounting:

  • Ensure accurate and timely financial reporting, complying with all relevant accounting standards and regulatory requirements.
  • Oversee the preparation of financial statements, budgets, and forecasts.
  • Manage relationships with external auditors, ensuring a smooth and efficient audit process.
  • Oversee internal controls and ensure compliance with financial policies and procedures.
  • Lead a team of financial professionals, including managers of corporate financial planning and analysis, accounting, and financial reporting.

Budgeting and Forecasting:

  • Oversee the development and implementation of the annual budget for all subsidiaries.
  • Manage the forecasting process, providing regular updates to senior management on financial performance.
  • Monitor and analyze financial performance against budget and forecast, identifying variances and taking corrective action as needed.
  • Develop and implement cost control measures to improve profitability.
  • Manage the electricity rate submission process for Hydro Ottawa Limited.

Education and Experience:

  • Professional Accounting designation (CPA)
  • Minimum 10 years of financial management experience in an increasingly senior and more responsible roles
  • Demonstrated experience in strategic financial planning, risk management, and financial reporting
  • Proven leadership experience, with the ability to manage and motivate a team of financial professionals
  • Experience in liaising with external auditors
  • Experience in liaising with internal / external senior management and executives with an excellent understanding of overall business cycles, requirements, and priorities
  • Ability for strategic decision making that can materially affect the financial performance of the company
  • Strong leadership skills including the ability to strategically lead the function as well as to provide direction, development, and growth opportunities for a team of professionals
  • Ability to deal with non-routine situations in the absence of complete information
  • Ability to apply business savvy to participate in corporate decisions with potentially large financial implications
  • Strong computer skills; proficient in the use of office productivity and collaboration tools, preferably Google Workspace
  • Knowledge of the utility industry, working in a regulated environment, and the related financial proceedings considered an asset
  • English essential, both oral and written; bilingual English/French considered an asset

This is a management group opportunity and salary will be commensurate with qualifications.

Hydro Ottawa offers a Hybrid Work Model. Hybrid work is position specific, the details of which will be discussed with successful candidates.

Hydro Ottawa is committed to establishing a qualified workforce that reflects the diverse population it serves and we encourage applications from all qualified individuals. We are also committed to preventing and removing barriers to employment for people with disabilities, and we invite you to inform us should you have any accessibility or accommodation needs.

Applicants must be legally entitled to work in Canada.

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