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Title Advisor Financial Planning

6 months ago


Toronto, Canada Independent Electricity System Operator Full time

INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

Requisition ID: 19815 Location: Toronto Status: Temporary Business Unit: Corporate Services


Why join us? 

You’ve got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn’t happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You’ll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.

Who we are 

The Independent Electricity System Operator (IESO) works at the centre of the province’s power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province’s electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario’s electricity needs – now and into the future.

The Opportunity

The Advisor Financial Planning and Analysis will manage the financial planning and analysis processes to optimize the achievement of organization’s planned initiatives. This role will deliver accurate and timely financial reporting including: monthly, quarterly and annual reports as well as special purpose reports ( Board of Directors, Province of Ontario). The Advisor Financial Planning & Analysis will lead activities in the following areas: business planning, spending decision support, financial evaluation/analysis, operational evaluation/analysis, benchmarking and best practice implementation. The Advisor will provide expertise and support in financial aspects of regulatory filings, external reporting and strategy. Support the Senior Manager, Financial Planning and Analysis (FP&A) in the establishment of new strategies, policies, standards, procedures, communication vehicles, and management systems. Develop, assess, and participate in establishing sound financial planning concepts, practices, and standards to ensure financial integrity and effectiveness. Continually assess, evaluate, and effect change with the objective of enhancing the quality and effectiveness of financial processes, information systems and models for business planning, budgeting, reporting, and executive level information. 

What you'll be doing

The Advisor Financial Planning & Analysis will be reporting to Senior Manager, Financial Planning & Analysis (FP&A), key accountabilities are:

Develops strategic partnership with business units to manage financial planning and analysis processes. Respond to strategic planning requests to support various initiatives unique to business units. Lead the development of budgets and forecasts through engagement of internal business stakeholders, exercising a challenge role to manage and review operating and capital budgets Manage business planning process, including development of plans to ensure deliverables are achieved according to pre-built expectations. Provide regular status reporting to Management.  Develop and provide strategic communications tailored to various levels of stakeholders to ensure they are meaningfully engaged in the business planning and analysis process. Work with cross-divisional groups in support of the business planning and resourcing process to ensure alignment, and providing regular updates as required. Ensure accurate and timely financial reporting including: monthly, quarterly and annual reports, special purpose reports ( Board of Directors, and Province of Ontario) as well as ad hoc requests. Ensure accurate analysis and results in support of Management and Executive Leadership Team (ELT) reporting.  Collaborate with the Project Management Office to develop capital budget and forecasts. Ensure accurate and timely capital reporting, including variance analysis. Review capital business cases to ensure budget is available, as required. Collaborate with Finance and Accounting team to ensure alignment of management and statutory reporting, ensuring that costs, revenues and other financial data are properly reflected and that various transactions (, accruals) have been prepares as appropriate. Provide Management and ELT member with assistance, advice, guidance and well-supported recommendations for the achievement of planned objectives while effectively managing resources and expenses. Ensure appropriate reporting is in place to effectively track activities ensuring stakeholders are aware of status and progress. Identify risks, provide advice and guidance in proactively recommending course-corrections to ensure achievement of initiatives. Develop, assess, and participate in establishing sound financial planning concepts, practices, and standards to ensure financial integrity and effectiveness. Support the Senior Manager, FP&A in the establishment of new strategies, policies, standards, procedures, communication vehicles, and management systems. Continually assess, evaluate, and effect change with the objective of enhancing the quality and effectiveness of financial processes, information systems and models for business planning, budgeting, reporting, and executive level information. Ensure the accuracy, quality, and timeliness of work are appropriate for all business-related matters. Provide recommendations to the Senior Manager, FP&A on business-related matters within, and external to, the business, as necessary. Formulate high-level customer relationships to optimize the achievement of financial planning and analysis initiatives. Provide expertise in support of financial aspects of regulatory filings, external reporting and strategy.

And other duties or responsibilities as may be assigned.

What you need to succeed

Accounting designation or near completion Prior experience in making improvements to standardize, and simplify budgeting and forecasting processes Demonstrated success in organizing and delivering cross-functional projects with well-defined outcomes and adherence to timelines Excellent work flow, process and process improvement skills  Excellent interpersonal skills - ability to work productively with team members, peers, and stakeholders.  Ability to ask critical strategic questions, and challenge basic assumptions Ability to effectively adjust to the audience and convey messaging with clarity  Strong working knowledge of Ontario’s electricity market and familiarity with Market Rules for the Ontario Electricity Market is a plus Excellent knowledge of Microsoft Office suite of products Strong verbal and written communication skills Innovative problem-solving abilities; self-motivated to achieve continuous improvement Able to interact effectively with personnel at all levels of the organization

 The education required to complete the responsibilities associated with the position is typically obtained through 4 years of university training and by having, or nearly completing, an Accounting designation
The minimum level of experience for the incumbent to perform at a satisfactory level of proficiency is 6-8 years including the period of adjustment on the job itself

What’s in it for you

A comprehensive total rewards program, including best-in-class benefits and a flexible workplace  A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter  Leaders who support your growth and success through regular feedback and coaching  The opportunity to work with some of the brightest minds in the industry 

Deadline: July 26, 2024

For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.


At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member’s unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know. 

We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview. 

Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.

The IESO offers a hybrid work model program to most of our employees, based on business needs. Individuals participating in the program can work an average of three days per week remotely within Ontario. It also offers three flex weeks when individuals can work remotely within Ontario . When working in the office, you will be located at our Mississauga, Toronto, or Oakville location.

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