Senior Manager, Capital Accounting and Reporting

51114 - Toronto - Temporary 35 months

Hiring salary range: $108,035 - 139,810 / year

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!

This is a highly visible role that will oversee the completeness and accuracy of Hydro One’s capital (fixed asset) reporting in compliance with US GAAP and regulatory requirements.

General Accountabilities

• Develop a strategic vision and provide leadership to the Fixed Asset Accounting teams.
• Lead and support the Fixed Asset Accounting team to manage month-end closes.
• Lead and support the team in the preparation of financial reports that are in compliance with US GAAP and regulatory requirements, in a timely manner, to accurately reflect the financial position of the Company
• Demonstrates expertise in subject matter, including accounting systems, processes and accounting concepts in the Authorize to Complete process.
• Initiates research, reviews and responds to inquiries from senior management regarding financial results and reporting requests (e.g., fluctuation variances, aging, process flows, quarterly update meetings, etc.)
• Accounting research, drafting white papers, updating SOX narratives and other capitalization accounting policy and process documentation, including the ongoing assessment of the processes and controls of operating under the relevant accounting standards. Be the go-to person for complex transactions and prepare accounting position papers, as needed.
• Oversee department in producing accurate and timely accounting records for all fixed asset additions, transfers and retirements and depreciation and amortization including journal entries, documentation, account and subsystem reconciliations, roll forward schedules (where applicable) and reports.
• Maintain strong understanding of capitalization rules, regulations and industry best practices and provide leadership and educational support to the organization to ensure costs are capitalized in accordance with rules and regulations.
• Partner with the broader Finance team to provide accurate and timely fixed asset information, detailed variance analysis and data investigation and issue resolution.
• Partner with Operations to proactively educate, respond to questions and assist with issue resolution.
• Partner with Regulatory in support of regulatory filings including drafting testimony, responding to data requests, providing recommendations on cost recovery and testifying (when necessary).
• Maintain solid understanding of specific requirements related to fixed asset tracking to ensure accuracy of reporting in support of asset recovery through riders and/or rate reviews.
• Partner with Tax to provide accurate and timely data for tax accruals, audits and filings.
• Maintain strong understanding of internal controls and provide leadership to the organization to ensure controls are reviewed frequently, operating effectively and appropriate documentation exists.
• Keeps abreast of, and applies GAAP, SEC regulations, and relevant company policies, practices, and procedures
• Manages professional staff, and effectively communicates and executes performance management
• Performs other job-related duties as assigned

Selection Criteria

• Must have a bachelor’s degree in Accounting, Finance, or a related field.
• Experience: 8+ years
• Supervisor/Management Experience: 2+ years
• CPA required
• Excellent written and verbal communication skills.
• Knowledge of Microsoft Office

Preferred Qualifications

• Strong organizational skills, analytic skills, and attention to details.
• Public/Private mix of experience.
• Expert knowledge of USGAAP and SEC reporting requirements.

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: January 19, 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.