Share this Job

Senior Accounting & Financial Analyst

Date: Nov 17, 2021

Location: Rexdale, ON, CA

Company: Hydro One Networks Inc

43729 - Rexdale - Regular - Ongoing 

Safety Comes First is a core value at Hydro One, and we remain committed to taking every reasonable precaution to ensure a respectful, safe and healthy working environment. Further to this commitment, we have adopted a COVID-19 Vaccination Policy to protect the health of our employees from the hazard of COVID-19. Employees will be required to either be fully vaccinated or undergo regular rapid antigen testing in order to access a Hydro One worksite.

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.4 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!


Job Function:

Prepare financial statements and managerial reports and process journals in a timely and accurate basis to meet monthly reporting deadlines.

Monitor and analyze business, departmental and project related performance. Monitor and reconcile various general ledger accounts and participate in business plan preparations. Develop and implement

approved business processes and improve existing business processes and financial controls. Coordinate and carry out studies of a non-technical nature. Provide advice, and guidance to business unit personnel or related parties.


Job Description:

  • Participate in the preparation of monthly financial statements, and annual external unaudited statements in accordance with generally accepted accounting principles in a timely manner
  • to meet line management and corporate requirements. Review processes and procedures and suggest changes to ensure that all reporting requirements are met and modify as required to meet changing financial needs.
  • Initiate and prepare internal financial reports and analysis used
  • to assist in managerial decision-making. Monitor, on an on-going basis, performance of the departments and the business unit against business plan objectives and report on significant variances costs, trends, etc.
  • Prepare, analyze and interpret historic, current, and future work program and project costs and accomplishments. Resolve, clarify, or highlight areas of concern/improvements to supervisor or appropriate departmental manager.
  • Participate in the preparation of the business plans and budgets including: schedules, gathering data, reviewing submissions, assessing and accumulating information into appropriate formats and preparation of analysis and working papers. Calculate and maintain all project costing resources rates for cost accounting and project purposes. Participate in periodic year-end forecasts.
  • Check and verify financial transactional processing (eg. A/R, revenue, Inter-company/SLA#s) related to the business performed by groups external to the business unit (eg. corporate accounting,
  • treasury, tax) and company and resolve any issues. Review the accounting of assets in the business unit including capitalization, removal,
  • disposition and minor fixed assets.
  • Develop and implement approved business processes based on interpretation of guidelines provided by supervisor or other groups for economic justification, budget preparation, the collection of data for economic analysis and for internal and external reporting. Develop reporting systems and work methods and procedures to ensure that all essential information is obtained and notify all appropriate personnel.
  • Provide advice and guidance on the above activities to Corporate Financial Departments, external contractors and business unit personnel.
  • Provide business support to the business unit in project administration including release, work order and reporting activities.
  • Review, revise and coordinate reporting systems with a view to assessing their impact on the business unit as a whole to ensure that these systems do reflect corporate needs and also the needs of the individual departments. Assess problem areas, discuss with supervisor
  • and develop and implement revised systems that will meet the immediate needs.
  • Coordinate and carry out studies of a non-technical nature including preparation of data for resource allocation and performance reporting, as directed by supervisor. Prepare reports documenting findings and recommendations.
  • Attend staff meetings and participate in task forces, as assigned.
  • Coordinate and assist in the preparation and review of financial evaluations of expenditure decisions to ensure documents submitted meet corporate requirements. Ensure financial assessments are accurate and the appropriate escalation and present value factors have been used and the financial evaluation, including assumptions and financially
  • preferred alternative have been identified.
  • Maintain and disseminate to business unit staff information and procedures for administrative functions, statistical and business information, eg. corporate procedures. Provide interpretation of financial and accounting policies and procedures to line management and business unit staff.
  • Perform studies relating to effective management and control of accounting and service operations and provide professional advice and guidance to various personnel in the business unit in the interpretation and use of corporate financial evaluation and internal control policies, procedures, practices and guidelines. Perform internal compliance audits to related financial procedures and report results to management.
  • Perform and participate in periodic financial and statistical reports to external parties.
  • Perform other duties as required.


Selection Criteria

Essential Knowledge:

  • Requires  knowledge of accounting  principles and computer technology to prepare statistical and financial reports, journal transfers and account reconciliations related to financial statements. 
  • Requires a knowledge of tax coding and tax jurisdiction policies to prepare customer invoices and pay vendors.
  • Requires  knowledge of computerized accounting and reporting systems such as SAP and CRM 365 to extract various data for the compilation of various statistical/financial reports. 
  • Requires a knowledge of English to communicate effectively with suppliers, requisitioners and customers.
  • This knowledge is considered to be normally acquired in either a Grade XII in a secondary school plus up to one year further concentrated study in accounting or the equivalent.
  • Enrollment in a recognized accounting program (CPA) would be a definite asset.
  • Strong organizational, time management and prioritizing skills to ensure productivity and quality of the output.
  • Must be independent and self-motivated with the ability to be resourceful, and work effectively in a team environment.


At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.


We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2021.


Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.


Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.


Deadline: December 6 2021



In the event you are experiencing difficulties applying to this job please consult our help page here.

Job Segment: Accounting, Financial, ERP, Financial Analyst, SAP, Finance, Technology