Senior Financial Analyst

Oshawa Power
Oshawa, Ontario

Last Day to Apply: June 30, 2023

Senior Financial Analyst

Capital & Taxes


Oshawa Power, a subsidiary of Oshawa Power & Utilities Corporation, and affiliate of fiber optic, district energy and renewable generation businesses, is the local hydro-electric distribution company that supplies electricity to more than 60,000 customers in the city of Oshawa. Located just 45 minutes east of Toronto off the shores of Lake Ontario, Oshawa serves as the economic engine for the Durham Region. 

Home to Lakeridge Health, Durham College and Ontario Tech University, Oshawa boasts a diversified economy ranging from advanced manufacturing and power generation to information technology and transportation. Oshawa Power maintains 1000 km of overhead and underground distribution lines within a 150 km2 service territory, operated at 44 and 13.8 kV, supplied by 9 distribution and 3 transmission substations. The organization is committed to the safe, reliable and efficient delivery of electricity through responsible financial management, strategic reinvestment and continuous innovation.


The Senior Financial Analyst will be primarily responsible for supporting the Finance department from a financial and accounting perspective through month end close activities, including the presentation of financial information and providing reliable information and analysis, on a timely basis. Specifically, this position will lead the regulated and unregulated capital operations from a budget, forecasting and reporting perspective, provide guidance and support to junior staff and will be the main support for corporate taxes across all entities.



  • Ensure timely and accurate month-end close procedures, including preparation of journal entries, posting recurring and non-recurring accounting journals, and monthly account reconciliations in accordance with IFRS reporting standards;
  • Prepare and maintain the Fixed Asset subledger, including preparation of fixed asset continuity schedules, capital expenditure reports and analysis (budget to actual comparatives) and all related reconciliations;
  • Lead capital budgeting & forecasting process and assist with budgeting related activities;
  • Lead monthly capital meetings with managers and executives;
  • Prepare Project Monitoring Committee (Board Sub-Committee) report for Managing Director;
  • Review various capital/non- capital billables related reconciliations on a monthly basis;
  • Assist Distribution System Plan (DSP) capital team with annual budget preparation, forecasting and 5 year plan;
  • Prepare all economic evaluations and close out of Subdivision related jobs;
  • Oversee all capital retirements/disposals and book adjustments to Fixed Assets sub ledger as required;
  • Run depreciation on monthly basis in Fixed Assets sub ledger;
  • Reconcile Fixed asset module in Great Plains to GL Accounts;
  • Lead for all capital inquiries for external, interim and year end audit;
  • Prepare all regulatory filings related to capital;
  • Review and approve all new jobs set up and job closures;
  • Review and approve all fixed asset uploads to Fixed Assets module in Great Plains;
  • Provide capital cash flow reporting on a quarterly basis to Manager, FP&A;
  • Oversee all capital transformer adjustments as per IFRS and book adjustments as required;
  • Review Overhead allocations (Store Inventory overheads, Labour overheads and Vehicle overheads) on a quarterly basis and true up as necessary;
  • Prepare year end accruals for completed capital jobs;
  • Ensure capitalization policy is followed and ensure all capital related documentation is updated on regular basis;
  • Ensure complete understanding of OEB regulations and IFRS standards for fixed asset recording;
  • Releasing Letter of credits as per project requirements;


  • Preparation of monthly, quarterly and year-end income tax provisions;
  • Responsible for gathering financial data and preparation of tax working paper file for the preparation of Annual Corporate Tax filings;
  • Reconciliation of tax provisions and other tax accounts in the financial statements, including deferred tax assets and liabilities;
  • Providing assistance on researching tax issues which impact the provision, tax returns and tax planning;
  • Assisting tax audits by Federal and Provincial income tax authorities and resolving any audit related issues, including preparing and maintaining supporting documentation for government audits;
  • Responding to tax queries and providing support to internal operations and finance personnel;
  • Assisting various other tax related matters and special projects as required.


  • Post-secondary degree, together with a recognized professional accounting designation;
  • 5 years of progressive accounting and finance experience, with working knowledge of IFRS accounting guidelines;
  • Knowledge of the regulated Ontario electricity market, including retail electricity contracts and distribution regulations in a utility environment will be considered an asset;
  • Experience with Great Plains and JET reports we be considered an asset;
  • Demonstrated experience with accounting, financial reporting, budgeting, and forecasting;
  • Demonstrated ability to build relationships, collaborate with cross-functional teams, and work with and across various business units within the organization;
  • Hands-on experience in providing effective financial guidance to the business and department managers and leaders in a consultative role;
  • Strong sense of urgency and decision-making skills conducive to managing priorities and meeting internal and external timelines;
  • Excellent time management skills; sound judgment and decision making, critical thinking and creative problem-solving abilities;
  • Superior organizational, analytical and facilitation skills; with excellent attention to detail;
  • Advanced computer skills, including Microsoft Excel and Word ;
  • Ability to perform detailed reconciliations and numerical analysis; and work with large data sets;
  • Technologically savvy – willingness to take initiative in learning the systems to create efficiencies from a reporting perspective while ensuring internal control compliance;
  • Excellent interpersonal and problem-solving skills with the ability to maintain professional and effective working relationships;
  • Results oriented mindset with ability to work on multiple projects/tasks at one time, to work well under pressure and meet strict deadlines, work as part of and contribute to a multidisciplinary team;
  • Strong written and verbal communication skills; ability to influence and communicate effectively across the company and externally at all levels;
  • Candidates should thrive in a dynamic and ever-changing environment;
  • Commitment to safety, teamwork, respect in the workplace and continued improvement of processes and procedures. 


Interested and qualified applicants are invited to submit their resume no later than June 30th by email to: 

We thank all applicants for their interest, however only those selected for an interview will be contacted. All applicants must be legally entitled to work in Canada. Should you require accommodation through any stage of the recruitment process, please let us know when we contact you and we will work with you to meet your needs.


Skip to the main content