Elexicon Energy, located in Ajax, Ontario, is searching for a Chief Financial Officer and VP, Regulatory Affairs.
The CFO & VP, Regulatory Affairs of the soon to be merged Veridian Corporation and Whitby Energy Corporation (Elexicon Energy) will be responsible for the leadership and management of all aspects of financial services for the Corporation, including financial planning, reporting and analysis, budgeting, job costing, general accounting, revenue, accounts receivable, accounts payable, cash management, payroll processing and administration, management information systems and regulatory matters.
This position is also responsible for the coordination of all Board materials related to the Office of the CFO & VP, Regulatory Affairs.
BACKGROUND
Veridian Corporation provides, through affiliated companies, energy-related services to customers located in nine municipalities in east-central Ontario. The core business is distribution of electricity which is provided through the wholly-owned regulated subsidiary, Veridian Connections Inc. (“VCI”). VCI is the fifth largest municipally owned electricity distributor in Ontario. The company is responsible for the safe, reliable delivery of electricity to more than 122,000 residential and business customers in the cities of Belleville and Pickering, the towns of Ajax and Gravenhurst, the Municipality of Port Hope, and the communities of Beaverton, Bowmanville, Cannington, Newcastle, Orono, Port Perry, Sunderland and Uxbridge.
Whitby Hydro Energy Corporation is a holding company owned by The Town of Whitby. Contained within are two separate and distinct subsidiaries – Whitby Hydro Electric Corporation and Whitby Hydro Energy Services. Whitby Hydro Electric Corporation is an electricity distributor licensed by the Ontario Energy Board (OEB) to deliver electricity to homes and businesses in their service area of the Whitby, Brooklin and Ashburn communities. The organization serves more than 41,500 customers. The Whitby Hydro Energy Services Corporation provides energy management and engineering services.
Elexicon Energy will employ approximately 300 employees.
MERGER OVERVIEW
Whitby Hydro Energy Corporation and Veridian Corporation have agreed to merge and have signed a series of legal documents that will facilitate such a merger. Following this extensive evaluation and community engagement process, the Proposed Transaction was approved by all five shareholders of Veridian Holdco and Whitby Holdco, being: the Corporation of the Town of Ajax, the Corporation of the City of Belleville, the Corporation of the Municipality of Clarington, the Corporation of the City of Pickering and the Corporation of the Town of Whitby.
An application requesting this approval was submitted on July 30th, 2018, and can be viewed at http://www.veridian.on.ca/wp-content/uploads/VDN.WHTBY_APP_MAAD_20180727.pdf .
The Ontario Energy Board (OEB) approved the application in December 2018.
DUTIES AND RESPONSIBILITES
Financial
Enterprise Risk Management and Internal Controls
Governance
Regulatory
Innovation and Organizational Effectiveness
Health and Safety
COMPETENCIES
Leadership
Confidently leads and develops people and teams in a changing and dynamic environment leveraging the skills of others and delegates courses of action towards the achievement of the strategy and vision of the Corporation and business unit while remaining energized, positive and focused.
Vision and alignment
Shares a compelling and inspired vision and strategy for the corporation and the business unit and generates commitment and alignment of its people.
Communications and Listening Skills
Demonstrates the fundamentals of effective communications: active listening, adapting communications styles to audiences, clarity, empathy and responsiveness
Business sense
Understands and uses the workings, structure, climate and culture of the Corporation and the industry to achieve business and growth outcomes.
Financial acumen
The position has financial responsibility as it pertains to all operational departments. The position uses understanding of financial information to make business decisions, maximize value and support the financial health of the Corporation.
Relationship and network building
Seeks and builds alliances, maintains effective relationships, communicates in a compelling and articulate manner instilling commitment, and fosters open respectful two-way communication channels, internally and externally to further the strategy and vision of the Corporation.
Decision making
The position makes business decisions that could be costly to the organization if made incorrectly. The position must be able to analyze and synthesize information to understand issues and the situation to identify issues, options, and make appropriate, realistic and timely decisions to ensure safety, quality, productivity and budgets have not been jeopardized based on consideration of the available facts and alternatives and sound calculation of risks.
Negotiation
Actively listens for underlying nuances and messages and uses persuasion to build consensus, manage and or/resolve conflicts and reach mutually agreeable outcomes.
Corporate Governance
The position will require regular reporting to the Board of Directors on any matters of material consequence that fall within the position’s areas of responsibility. This position will require the development and implementation of communications initiatives that meet the needs of the corporation’s shareholders, customers, employees and other stakeholders while maintaining the strictest of confidence of information.
Health and Safety
Actively participate in safety training and be knowledgeable of the corporate safety rules and practices and must implement safe work procedures that ensure the safety of the Corporation’s employees and customers.
SKILLS, EXPERIENCE AND EDUCATION
APPLICATION INFORMATION
To explore this opportunity further, please email your resume (filename - “Last name, First name - CV”), with “Elexicon Energy CFO” in the subject line, in confidence to Larry Sartor at larry@sartorandassociates.com and Mark Fukuzawa at mark@sartorandassociates.com.
It is Elexicon Energy’s policy to comply with all applicable laws and regulations which prohibit unlawful discrimination because of race, religion, creed, colour, national origin, sex, sexual orientation, age, disability or marital status or any other protected class.
We thank all those that apply for the position, however, only those selected for an interview will be contacted. Thank you for your understanding.
March 27, 2019