Manager, Regulatory Financial Reporting

Expected Salary Range: $121030 - $151287 Annually Target Variable Performance Pay: 15% The salary range shown above reflects the expected compensation for this position. The final salary offered will be determined based on a holistic assessment of the candidate’s experience, education, training, and alignment with the role’s requirements. For positions covered by a collective agreement, placement within the range will follow the applicable step or classification. The Manager, Regulatory Financial Reporting leads the preparation and analysis of all regulatory financial reporting accounts and documents to ensure accuracy, timeliness, and compliance to reporting standards and requirements as mandated by the Ontario Energy Board (OEB), the Ontario Securities Commission (OSC), the Shareholder, and other authoritative reporting bodies – with its primary focus on the OEB; Ensures and continually monitors that adequate internal controls over financial reporting are in place and are in compliance, including Corporate Policies; The Manager, Regulatory Financial Reporting leads a team of professionals and provides day-to-day performance and attendance management feedback, development and safety management. The incumbent is expected to behave ethically and follow the established code of business conduct, policies and internal control procedures, laws and regulations governing Toronto Hydro. This posting is for an existing vacancy. KEY RESPONSIBILITIES: Leads the end-to-end process of the preparation of all regulatory financial reporting documents including compliance with reporting requirements as mandated by the OEB, the Independent Electricity Systems Operator (IESO), the OSC, the Shareholder and other authoritative reporting bodies. Remains current and compliant with emerging International Financial Reporting Standards (IFRS) and Accounting Procedural Handbook (APH) accounting and disclosure requirements and implementation of those accounting standard changes. Supervises a team of accounting professionals’ day-to-day activities, including prioritization and coordination of work assignments including review and sign-off on all deliverables. Provides performance and attendance management feedback, development and safety management. Works closely with and is the main liaison with internal stakeholders and is responsible for the coordination of the finance interpretation, impact analysis and implementation of regulatory mandated updates. Oversees the regulatory financial reporting with respect to regulatory related accounts, processes and internal controls over financial reporting, including day-to-day management of reporting requirements to ensure timely completion and accuracy of reporting. With respect to regulatory accounts, transactions and balances, ensures appropriate internal controls over financial reporting are in place and are in compliance, including overseeing, reviewing and approving journal entries, reconciliations, and analysis.  Recommends improvements and assists in the development and application of sound accounting policies and procedures. Reviews and evaluates internal financial control procedures and ensures proper documentation. Develops appropriate accounting policies and ensure changes are integrated into disclosures and maintains the governance of internal accounting policies under Modified IFRS. Champions the management systems, processes, continuous improvement initiatives, and other special projects (e.g. OEB Consultation, Annual OEB application, Customs Incentive Rate-setting) related to regulatory financial reporting.  REQUIREMENTS: University degree in Finance, Accounting or Business or related discipline. Chartered Professional Accountant (CPA) is required. Seven (7)+ years professional experience in accounting. 3-5 years progressive people/project leadership experience. Experience with financial reporting practices and large financial information systems. Strong public company, regulatory reporting and technical accounting experience Knowledge of modified-IFRS and OEB Accounting Procedures Handbook reporting standards (preferred) Understands the complexity of the Ontario electricity marketplace, and the roles of participants and stakeholders (preferred) Advanced Excel, PowerPoint and Word skills Excellent oral and written communication skills Successful candidates will demonstrate the following competencies: Demonstrates Customer Focus; Develops Culture and People; Drive Results and Accountability; Demonstrates Commitment to Sustainability, Environment, Health, and Safety; Builds Strong Relationships; Champions Change, Productivity & Innovation TOTAL REWARDS: To support the overall well-being and success of our employees, Toronto Hydro provides a comprehensive total rewards package which includes: 100% employer paid Health & Dental benefits 24/7 access to Employee & Family Assistance Program and Virtual Healthcare Company-paid life insurance and long term disability Spending account to support fitness goals (e.g. gym memberships) Competitive paid time off (including vacation and parental leave) Defined Benefits Pension Plan through OMERS Career development and tuition reimbursement Exciting employee engagement and appreciation events throughout the year This position is based in a hybrid environment allowing for remote work two days per week, based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office. #lihybrid Toronto Hydro is committed to leveraging new technologies to support an efficient and inclusive recruitment process. As part of this, artificial intelligence (AI) systems may be used to assist in screening, assessing, or selecting applicants for this position. These tools are used in combination with human decision-making to ensure fairness and consistency.  ACCESSIBILITY AND APPLICATION SUPPORT Toronto Hydro is committed to fostering an inclusive and accessible recruitment process. Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email hr_talent@torontohydro.com or call (416) 542-8000. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.