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Financial Reporting Specialist

2 months ago


Old Toronto, Ontario, Canada Hydro One Networks Inc Full time
Job Title: Financial Reporting Specialist

Hydro One Networks Inc is seeking a highly skilled Financial Reporting Specialist to join our team. As a key member of our Corporate Controllers group, you will play a critical role in maintaining financial integrity, compliance, and effective financial reporting and internal control.

Key Responsibilities:
  1. Analyze external consolidated annual and quarterly financial statements and management's discussion and analysis to determine impacts of conversion to International Financial Reporting Standards (IFRS) and to US Generally Accepted Accounting Principles (GAAP).
  2. Assist in the preparation of quarterly and consolidated financial statements in US GAAP, annual regulatory subsidiary financial statements in US GAAP or IFRS as appropriate, and pension financial statements in accordance with IFRS and related securities legislation.
  3. Keep abreast of developments in financial reporting as it relates to disclosure and financial policy, and where necessary, develop and communicate new accounting policies and guidelines to business units.
  4. Provide guidance on the application of generally accepted accounting principles on complex transactions, considering merits of US GAAP and IFRS.
  5. Prepare submissions to the Audit and Finance Committee and Board of Directors as required, including annual submission on accounting and reporting issues and impacts of US GAAP.
  6. Perform studies and provide guidance within scope of assigned business area, including accounting, external financial reporting, regulatory, financial evaluations and related budgeting and planning.
  7. Interface with actuaries to prepare actuarial valuation requirements for external reporting purposes, including sensitivity analyses for management's discussion and analysis, for impacts of US GAAP and IFRS.
Requirements:
  1. Requires an in-depth knowledge of finance, pension techniques and actuarial valuation, financial reporting, securities legislation, US and international generally accepted accounting principles, economics and mathematics.
  2. Requires financial experience to prepare financial statements and perform financial analysis in the development of financial and reporting accounting practices and procedures.
  3. Client Service Orientation - desire to help or serve others, to meet their needs.
  4. Strategic business thinking - ability to apply their technical knowledge and experience to making management decisions for achieving business objectives.