Financial Analyst Corporate Accounting

51326 - Toronto - Temporary 24 months 

Hiring salary range: $1,976  - $2,654 / weekly

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 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

Utilize existing financial systems and related controls to gather and compile data to produce a variety of business information such as financial statements, variance reviews, accounting analysis, financial/statistical reports and the monthly consolidated financial statements. Prepare and/or review financial evaluations. Analyze data to ensure consistency with assumptions and strategies. Coordinate, assemble and prepare data to produce the above information. Develop and maintain the associated financial systems and controls, assess their effectiveness and recommend changes or improvements as necessary. Provide advice, guidance, recommendations and direction to line and clerical staff regarding all manner of financial issues. Develop and implement controls and administer the work in the maintenance of accounts and financial support systems. Develop, implement and maintain management information systems and data collection procedures.


Job Description

1. Manage the work related to general accounting activities such as journal posting, including posting of monthly Corporate Accounting journals for environmental expenses, intercompany interest, subsidiary trial balance and regulatory account clearing. Review and analyze journal entries to ensure accuracy and completeness of documentation and resolve outstanding issues. Assist in review of journal entries greater the $250K to gain assurance journals are correct and complete.

2. Manage the set up of new general ledger accounts and changes to existing accounts, set up of new cost/profit centres and changes to existing ones, and set up of new Company segments in SAP. This will include review of these requests for reasonability, financial reporting impact, including accuracy, efficiency and completeness of requests. Review and coordinate the quarterly general ledger account analysis process in a timely manner. Review and verify sign-off by Service Providers staff and Hydro One account owners, including completeness and quality of analysis. Follow up on outstanding analysis and provide support to account reconcilers and owners including recommended changes andrequired training. Follow up on outstanding items identified in account analysis to ensure completeness and accuracy of general ledger account balances. Coordinate quarterly Bill 198 review of master data changes and quarterly general ledger account analysis. 

3. Review financial statements and supporting material for external reporting purposes, and external auditors. Manage the preparation of the Quarterly Reporting Package for the external auditors, including review of variance analysis and follow up on external auditor questions. Respond to questions on the financial statements from senior management and auditors in a timely and accurate fashion. 

4. Reconcile subledger and subsystem balances in SAP to the GL control accounts on a monthly basis and maintain evidence of reconciliation for Bill 198 review and sign-off. Additionally, reconcile and analyze intercompany control accounts on a monthly basis. 

5. Periodically supervise staff assigned on a temporary basis to assist with the production of financial statements, and special projects verifying the completeness and accuracy of the information 

6. Provide advice, guidance, recommendations and assistance to line management in assessing the business aspects of internal controls, programs and projects, staff and organization plans, cost benefit analysis, and cost allocation. Assist in the preparation of documentation of projects/programs according to established financial procedures for submission to the Corporate Controller/CFO for approval. 

7. Support regulatory processes, including assistance in rate applications, evidence preparation, responses to interrogatories and general hearing support as required.

8. Support special purpose reporting such as the annual reconciliation of WSIB filings. 

9. Develop and maintain performance measures and the appropriate reporting system for monitoring and controlling such measures. 

10. Conduct special studies, and analyze current financial data, costs and trends to meet Management needs and those of the Corporate Controllers division. 

11. Ensure the reliability of Hydro One's internal financial controls by participating in the design, development and implementation of various accounting and administrative control procedures by conducting financial reviews and the follow up of operational and financial audits to ensure identified deficiencies are corrected. 

12. Provide and exchange accounting information with other subsidiary and line of business staff on matters of joint concern. 

13. Participate in and/or conduct meetings and discussions on divisional and related financial procedural matters as required and assigned. 

14. Review and coordinate preparation of written instructions for use by the appropriate staff in the application of financial and accounting practices and procedures, as directed by the Supervisor. 

15. Assist in ensuring financial reporting and internal control objectives are achieved for all applicable financial processes. This includes the development and maintenance of applicable internal controls policies, procedures and practices to support certifications required under securities legislation. 16.Perform other duties as required 

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 2026. 

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.

"Employer of the year 2026"

Deadline: March 2, 2026.

The base salary for this role considers a variety of factors, including candidates' knowledge, skills, experience, education, and any applicable collective agreement requirements for union-represented positions. Hydro One provides an extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability to enable our employees to be the best version of themselves. For management roles, compensation is based on the principle of pay-for performance compensation philosophy, and the amount of annual adjustments and incentive payments depends on how well you and the company perform (subject to plan terms). We encourage open dialogue about compensation with our Talent Acquisition Team, who can provide more detailed information specific to this role.

This posting is for an existing vacancy. 

Hydro One uses AI tools to assist in the screening and assessing candidates for this role. Our use of AI does not replace human decision-making.

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

We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.