Vice President of Finance


North Bay Hydro Distribution Ltd.
North Bay, Ontario


Last Day to Apply: October 27, 2017

 

NORTH BAY HYDRO – Vice President of Finance

 

Under the direction of and working in partnership with the President and Chief Operating Officer, the Vice President of Finance is a senior management position responsible for the planning, directing and controlling of the Finance, Regulatory, Customer Service and IT and Billing departments to achieve corporate goals. The ideal candidate will move beyond a purely accounting focus to a more strategic business partnership with the President & COO and the Board. This position has financial oversight over both North Bay Hydro Distribution and its affiliate North Bay Hydro Services. 

The position is responsible for the following: 

  • all aspects of the organization’s finances, including accounting processes and controls, regulatory, budgeting and forecasting, financial reporting, asset management, and auditing as required by the Board of Directors, Shareholder, OEB, Revenue Canada and external Auditors according to GAAP, IFRS and OEB guidelines
  • for promoting and maintaining a quality approach to customer service, while ensuring compliance of policies and regulations
  • for regulatory strategy and compliance including all rate filings 

KEY DUTIES AND RESPONSIBILITIES 

The Vice President of Finance is responsible for: 

  • Working with all management team and other appropriate stakeholders to develop short and long-term goals and objectives for the organizations
  • Developing and presenting necessary reports, financial statements, budgets, forecasts and policies for the Board of Directors for discussion, review and approval
  • Ensuring regulatory compliance in accounting, billing and customer service
  • Ensuring involvement in regulatory processes and procedures
  • Ensuring preparation of statistical data as required by OEB, government agencies and for internal purposes
  • Understanding Performance Based Regulation and optimizing generational and annual business plans to maximize financial performance
  • Interpreting utility industry trends, developments and conditions in finance for the President and Chief Operating Officer.
  • Apprising the President and Chief Operating Officer of Division Activities
  • Analyzing and advising the President and Chief Operating Officer and other stakeholders on new business opportunities for the organizations
  • Managing the development and maintenance of effective financial information reporting to improve efficiency and service to internal and external customers 
  • Ensuring adequate internal controls are established and adhered to for all accounting applications including cash, billing, accounts receivable, purchasing, accounts payable, payroll, general ledger systems and customer information systems to safeguard corporate assets
  • Ensuring accounting system is in accordance with GAAP, IFRS and OEB accounting standards. Taking necessary steps to correct any deficiencies
  • Overseeing all treasury activities including but not limited to cash, debt and working capital forecasting and management; accounts receivable and credit planning, analysis and management
  • Reviewing and approving daily accounting activities and processes for general accounting, accounts payable and accounts receivable. This includes verifying documentation and authorization levels
  • Monitoring Federal and Provincial sales tax reporting. Ensuring PILs and all regulatory costs are paid as per required schedules
  • Monitoring Accounts Receivable and developing plans for collecting from problem customers
  • Ensuring that proper accounting records for fixed assets, including depreciation schedules are maintained
  • Managing the reporting and analyses of actual to budget and prior period variances, for financial statements, department spending and capital projects
  • Working with the Management Team to prepare capital and operational budgets. Challenging the status quo to improve performance by all units. Monitor all expenditures and highlight variances from budget
  • Ensuring all financial institutions and shareholder covenants are properly calculated and that the organizations are in compliance
  • Coordinating annual external audit to assess performance, processes and controls. Responding to audit management letter with management’s changes to issues identified
  • Working with external audit to complete annual financial statements and disclosures according to GAAP, IFRS and OEB standards
  • Promoting courteous and knowledgeable customer service
  • Ensuring provision of support to Operations function during power outages which occur during and after normal business hours
  • Ensuring consistent application of OEB and company policies to customer accounts
  • Providing conflict resolution with customers and Customer Account Specialist in applying policies and procedures regarding customer accounts, billing and collecting      
  • Assisting in evaluating new processes, systems and applications
  • Developing and maintain a cohesive teamwork environment in the various departments to ensure employees are actively involved and promote corporate principles and values
  • Providing leadership to and evaluating the performance of staff, recommending hiring, promotions, discharges, salary increases and training programs
  • Setting performance goals and planned objectives for the departments
  • Ensuring consistent application of the collective agreement and company policies within division.
  • Other related duties as assigned. 

APPLICATION INFORMATION 

For a full position description, please visit: sartorandassociates.com/vpfin. Please send your resume in confidence to Larry Sartor at larry@sartorandassociates.com; reference in the subject line: “North Bay Hydro VP Finance.” Only those applicants selected for an initial interview will be contacted. Thank you for your understanding. 

 

 

September 27, 2017

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