Financial Analyst / London Hydro

Financial Analyst

LONDON, ON

Are you a Chartered Professional Accountant (CPA) – or a CPA-in-the-making – looking to advance your career? Can you monitor corporate activities and identify ways to improve internal systems and controls? Are you skilled in financial reporting and statistical analysis? If your answer in all cases is an enthusiastic YES, this exciting opportunity in London Hydro’s Financial Services Department is not to be missed.

Reporting to the Director of Finance, or designate, and as a member of the Accounting Group, you’ll perform various financial and statistical analyses, as well as accounting, and general ledger reconciliations. Leveraging your progressive accounting, auditing and financial analysis experience, you’ll also assist with the budgeting process, the monitoring of actual results to budget, and external audits.

JOB DUTIES

More specifically, as a Financial Analyst within the Accounting Group, you will:

• Monitor operating and balance sheet activities to ensure compliance under IFRS accounting standards while also accommodating internal financial reporting requirements.
• Complete various general ledger reconciliations and journal entries.
• Review cost centre operating activities and obtain explanations for variances between budget and actual spending.
• Monitor and analyze cost centre labour activities including variance analysis and explanations.
• Review and analysis of year over year actual operating results and updating of narratives to explain changes.
• Assist with monitoring of corporate activities to pursue betterments in internal systems and controls.
• Assist in the completion of monthly and year-end financial reporting as well as year-end process, including completion of working papers and external auditor inquiries.
• Reconciliations, remittances and annual reporting in connection with various remittances such as T4s, T5s, T4As, EHT, WSIB, OMERS and HST.
• Assist in the development of operating budgets including performing analyses and projections, summarizing significant year over year changes and providing explanations.
• Adhere to all Occupational Health and Safety Act rules and regulations, the IHSA's Electrical Utility Safety Rules, London Hydro safe work practices and procedures, and all components of London Hydro's health and safety program. 

ESSENTIAL QUALIFICATIONS

The qualified Financial Analyst we seek must be able to meet the following requirements:

• You have completed a recognized CPA accounting program (CA/CMA/CGA) or are currently enrolled in the final level of the program.
• You are proficient in utilizing an ERP system as well as Excel and Word.
• You bring five (5) years of accounting and financial analysis experience. 

Salary range: $74,000 to $105,000 per annum

London Hydro offers a comprehensive compensation package which includes both financial and non-financial benefits designed to support your overall well-being. Here’s what you can expect:

• Competitive Salary
• Comprehensive Benefits Package
• OMERS Pension Plan
• Competitive Vacation days with credit for professional experience (e.g., utility experience)
• Paid Family Responsibility Leave
• Maternity and Parental Top-up Leaves
• Paid Time Off for Medical and Dental appointments
• Professional Development Opportunities
• Training & Development and Mentorship Programs
• Engagement and Recognition Programs
• Wellness Program Membership
• Employee and Family Assistance Program
• On-site Fitness Centre
• On-site Cafeteria

Flexible Work Arrangements: We recognize the importance of work-life balance. Currently, we offer a hybrid work arrangement (In-Office and Remote) in accordance with London Hydro policy. Remote work is not guaranteed in the future and is subject to change.  

About London Hydro

For over a century, London Hydro has been providing safe, affordable and reliable electricity to a diverse customer base. We are one of the area’s larger employers, with a highly skilled and motivated team of people across many different occupations. Through this dedicated team and an extensive network of overhead and underground power lines, we power over 166,000 homes and businesses, and continue to improve the way people live and work. 

Living in London offers many lifestyle benefits. Develop your career at London Hydro.  Watch the short video below for more details!     https://youtu.be/Pxw0_ZRnSKg

See our website for information about London Hydro and Sustainability / ESG.

https://www.londonhydro.com/about-us/sustainability

For more information, and to apply:

To find out more about London Hydro, as well as this and other opportunities to join our team, please visit our website at www.londonhydro.com. If you are both qualified and safety-focused, we invite you to submit your cover letter and resume as a single document (in .pdf or .docx format only), saving the file as your last name and first name with no spaces (i.e., LastnameFirstname) by Friday, December 6, 2024 to: Human Resources Department, London Hydro Inc., P.O. Box 2700, London, ON N6A 4H6. Fax: 519-661-5164. E-mail (quote Financial Analyst in the subject line and ensure that you attach your resume): jobs@londonhydro.com. The successful candidate will be required to complete a Criminal Record Check prior to the commencement of employment. An education check will also be conducted.

London Hydro is committed to fostering a corporate culture and climate that values and supports a diverse, equitable and inclusive organization. We know that our employees are our greatest strength, and that we will achieve our goals through the innovation, integrity, and agility of a diverse, engaged and talented workforce.  London Hydro is an equal opportunity employer. 

Accommodation is available under the Human Rights Code and the Accessibility for Ontarians with Disabilities Act.

While we appreciate all applications received, only those invited for an interview will be acknowledged. Any personal information submitted will be managed in accordance with the requirements of the Municipal Freedom of Information and Protection of Privacy Act and will be used only to determine eligibility for employment. 

In accordance with Canadian immigration requirements, this advertisement is directed to applicants who are authorized to work in Canada.