Manager, Treasury Operations

50252 - Toronto - Regular 

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!

General Accountabilities:

• Manage the operational requirements of the Treasury function.
• Support Treasurer's objective of maintaining financial integrity, compliance, effective financial reporting, internal control and prudent cash management.
• Provide support to Senior Management on corporate strategic initiatives, such as acquisitions, divestitures and joint ventures.
• Ensure the appropriate and consistent application of corporate financial reporting policies to report financial results in a timely and effective manner.

Specific Accountabilities:

•   Through collateral relationship with and within the context provided by Vice President and Treasurer (i.e. Corporate strategies and policies, accountabilities, tasks, budget and programs, compliance and performance targets, expectations for continuous improvement, etc.), this role will be accountable for the following:
  •   Provide advice and guidance in the areas of financial and accounting policy for treasury products, including bonds and derivatives, accounting policy procedures, business planning cost control.
  •   Ensure the appropriate and consistent application of generally accepted accounting principles and corporate financial policies to report financial results and explanation of variances in a timely and effective manner.
  •   Ensure optimal use of treasury systems to manage cash flow forecasting, bank account administration, settlements, and financial reporting. Lead automation initiatives to enhance treasury efficiency and internal controls.
  •   Manage and maintain treasury chart of accounts, review of account balances, reconciliations and account structures.
  •   Perform treasury's monthly/quarterly close and reporting processes, including preparing, inputting and or reviewing journals, and development/production of appropriate financial, management (including performance) reports.
  •   Perform or review monthly General Ledger Account reconciliations, and calculations relating to financing instruments and derivatives.
  •   Assist in managing banking relationships, negotiating service agreements and optimizing bank fee structures to ensure cost-effective treasury operations.
  •   Oversee bank account structures for operational efficiency and compliance. Open, close and monitor the corporation's bank accounts to ensure effective control is in place and in compliance with corporate policies and procedures for bank accounts.
  •   Prepare working papers and schedules to support the review and/or audit of financial statements.
  •   Project cashflow receipts and disbursements for the day and execute treasury settlements daily.
  •   Maintain cash forecasting model and perform cash forecasting activities for forecast periods from one day up to one year
  •   Manage treasury key performance indicators (KPIs), including developing new KPIs and tracking current KPIs. 
  •   Liaise with Business Units on cashflow forecasting data.
  •   Perform contract maintenance (such as coupon interest payments, interest rate reset confirmations, note issuance details, investment purchases/sales and maturities etc.), counterparty confirmations, cash settlement and other treasury business support functions/activities.
  •   Ensure that Corporate guidance on taxation matters relating to treasury products has been followed within Treasury.
  •   Monitor adherence to treasury bank account and banking policies and procedures by business units and consolidate monthly bank account reconciliations prepared by Treasury and Finance Business Services.
  •   Provide support to help ensure applicable outsourced and other treasury related services (including banking, remittance processing, custodial, trustee and issuing and paying agent) contracted to external service providers are appropriately delivered.
  •   Handle Letter of Credit requirements for Business Units and subsidiaries.
  •   Participate in special studies on major treasury and corporate/business unit systems initiatives.
  •   Participate in the development of internal control policies and develop procedures as required.
  •   Ensure that Corporate Internal Audit requirements are met.
  •   Support corporate strategic initiatives, such as acquisitions, divestitures, limited partnerships and joint ventures.
  •   Keep abreast of new treasury products, financial accounting and reporting requirements to help assess and meet financial and management reporting requirements, to help establish accounting and other internal controls, policies and procedures and to liaise with systems vendors on developing/modifying/configuring their systems to meet such requirements.

Managerial Accountabilities:

• Manage the unit and achieve the targeted results through diligent and accurate oversight of the financial aspects of the department.

• Manage a team who are capable of producing the outputs required.

• Be accountable for the outputs of others.

• Provide leadership to team, so that they collaborate competently, and with full commitment, with each other in pursuing the goals set.

• Provide a safe and healthy work environment.

• Demonstrate stewardship of assets and resources.

Selection Criteria:

• Requires an in-depth knowledge of accounting, finance, financial systems, financial reporting and planning to maintain treasury accounting records and systems.

• Requires knowledge of financing, hedging and derivatives, foreign exchange and cash management concepts.

• Requires financial experience including internal control and financial reporting systems.

• Requires experience to be familiar with various management systems, controls, policies, regulatory requirements, procedures, legislation and agreements governing Company’s activities.

• This knowledge is considered to be normally acquired through the successful completion of a 4-year University education in business administration or commerce with an accounting or finance major plus one further concentrated study in a recognized accounting designation (CPA, CGA, CMA, CA) or CFA or by having the equivalent level of education.

• A period of over 10 years is considered necessary to gain this experience.

Demonstrated Management Skills:

• Achievement Motivation – concern for working well or for competing against a standard of excellence.

• Analytical thinking – ability to understand a situation by segmenting and tracing implications step by step.

• Client –Service Orientation – desire to help or serve others, to meet their needs.

• Impact and Influence – able to persuade, convince, influence or impress others.

• Initiative – takes action, proactively doing things and not simply thinking about future actions.

• Team leadership – ability to take a role as leader of a team or other group.

• Teamwork – able to work with others as part of a team, as opposed to working separately or competitively.

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 2025.

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 2025"

Deadline: April 7, 2025.

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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.