Chief Financial Officer
3 weeks ago
**CHIEF FINANCIAL OFFICER**
**Job ID: EX-23-101 - HYBRID**
Ontario’s Local Distribution Companies (“LDC”) are what keep us connected to the things that matter most in our lives. The safe and reliable distribution of electricity is why we exist, but its not the whole story. The LDC industry is going through a once in lifetime transformation. Customer focus, innovation and partnerships are leading utilities to create a sustainable and vibrant future.
Newmarket-Tay Power Distribution Ltd. (NT Power) is a local electricity distribution company licensed by the Ontario Energy Board. NT Power is jointly owned by the Municipalities of Newmarket (93%) and Tay (7%) serving 50,000 customers in the areas of Newmarket, Tay and Midland.
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The CFO is responsible for providing financial and regulatory stewardship for the organization through the development and adoption of policies, long term plans in step with the organization’s strategic goals and compliance with regulatory requirements. This position ensures the confidentiality of the organization’s financial and regulatory information and is responsible for safeguarding the financial assets of the organization through the development and maintenance of effective internal controls.
The CFO provides timely communication internally within the finance, regulatory and accounting teams and with other internal departments. As a member of the Executive Team, this position participates in the organization’s strategic planning and policy formation process and leads their departments to implement projects that align with the strategic plan. This position reports to the President and CEO of NT Power.
Although the qualifications below would be nice to have, we believe our greatest asset is our employees, their ability to learn, and their cultural fit to the future direction of this organization. We strive to be an independent industry leading LDC committed to our customer’s changing needs. If you think you would excel in a growing, high paced and independently directed position, this opportunity is ideal for you.
**DUTIES AND RESPONSIBILITIES**
- Providing strategic leadership and management of the regulatory, finance and accounting functions.
- Responsible for the required recruitment and selection for regulatory, finance and accounting staff.
- Ensures compliance with statutory legislation and financial regulations.
- Reviews and evaluates financial aspects of various proposals and agreements.
- Responsible for internal monthly and quarterly financial analysis and reporting
- Establishing and executing timely relevant and accurate financial and regulatory reporting, in compliance with IFRS, OEB, Ministry of Finance and Ministry of Energy.
- Oversees the financial planning and analysis for the organization, coordinating a rigorous budgeting and forecasting process in the preparation of short and long-range budget and forecasts.
- Oversees and evaluates internal controls and segregation of duties by audits, policy development and procedure documentation.
- Working with the Executive Team, identifies and manages business risks for the organization.
- Responsible for ensuring a successful annual financial audit and maintains the external and internal relationships with financial and regulatory auditors, making required changes to systems and procedures on issues identified by auditors.
- Recommends and establishes improvements to streamline accounting processes to ensure the integrity of the company’s financial information.
- Supports the development of improved management reporting, ensuring that key insights surrounding market trends, company KPI’s and overall profitability are being timely captured.
- Contributes to the construction of the company’s KPIs and additional metrics and managing the automation of data.
- Analyses financial operations to develop a process and strategy for improving operational performance.
**QUALIFICATIONS**
- Bachelor’s Degree in Finance, Accounting, Business Administration or related discipline.
- Professional accounting designation (CPA, CA).
- Minimum 10 years of experience in a related field including audit and management experience.
- Minimum 8 years in a leadership, managerial position with responsibility for directing the work of others.
- Ability to rebuild processes to align with growth strategy.
- Ability to work a flexible schedule as needed to complete time-sensitive projects.
- Excellent oral and written communication skills; ability to communicate effectively, both internally and with the general public.
- Strong working knowledge of Microsoft Office Suite.
- Demonstrated commitment to safety and high ethical and quality standards.
**APPLICATION INFORMATION**
**APPLICATION DEADLINE FOR THIS POSITION IS MARCH 10, 2023, BY 4 P.M.
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