Chief Financial Officer (CFO)

Burlington Hydro Inc.
Burlington, Ontario

Posted On: November 22, 2021
Last Day to Apply: December 22, 2021



Chief Financial Officer (CFO)


We are looking for a Chief Financial Officer (CFO) to join our senior leadership team. 

About Burlington Hydro Inc.

Established in 1945, Burlington Hydro is a local distribution company (LDC) serving the City of Burlington, with a total licensed service area of 188 square kilometres and a customer base of 68,500 customers (consisting of Residential, General Service, Street Light, and Unmetered Scattered Load customers/connections). 

Burlington Hydro was incorporated and wholly transferred into the ownership of the City of Burlington and a holding company, Burlington Enterprises Corporation (BEC)., was created, to oversee two subsidiary companies: a regulated “wires” company, Burlington Hydro Inc (BHI)., and an unregulated company, Burlington Electricity Services Inc (BESI). 

About this Role:

The CFO position is accountable for managing all aspects of Finance and Administration departments which include Finance/Accounting, Supply Chain, Regulatory, Compliance & Asset Management. The incumbent is responsible for directing decisions to develop corporate knowledge of billing rate requirements and set new customer billing rates according to OEB and IMO regulations and completion of required reporting and regulatory filings to government agencies, the Ontario Energy Board and other related bodies. 

This position is accountable for financial and accounting matters for all three companies (BEC, BHI and BESI) including procurement and inventory. Financial reporting to the board of directors and shareholders, budgeting, tax preparation and planning cash management including borrowing and investing of surplus funds and analysis and interpretation of financial information. 

This position is also accountable to the President and Board of Directors for ensuring that Ontario Energy Board Measurements are met. This position is expected to lead dynamic change both internally and externally through strategic planning including, the evaluation of new business ventures and the providing of expertise in the maximization of shareholder value. The incumbent is politically astute with seasoned relationship building skills and is expected to work effectively with community stakeholders, other utilities, government and its agencies. 

Core Responsibilities:

  • Guidance, direction and leadership to the Management staff of the Finance and other administration departments of the corporation. Plan, recommend and ensure compliance with the corporations policies and procedures.
  • Control, direct and co-ordinate the annual operating, capital and cash budgeting process.
  • Advise and support the Board’s Audit and Budget Committee.
  • Participate and provide input in strategic planning, corporate policies, budgeting, business processes and dynamic changes in the electrical industry.
  • Analyze company operations to pinpoint opportunities and areas for operational efficiencies and/or improvements.
  • Recommend opportunities for mergers, acquisitions, or expansion into new business ventures. Assess the riskiness and attractiveness of investment alternatives.
  • Supervise investment of funds; works with banks and/or investment bankers to raise additional capital as required for expansion.
  • Oversee and guide internal control procedures and accounting and financial policies/transactions.
  • Reports to the President on a regular basis. Works closely with that officer and other senior staff to establish long-range operating goals and expansion.
  • Represent the company or delegate representatives to act on behalf of the company in official functions. 

What We Are Looking For:

  • Bachelor's degree in business administration or other related discipline; master's degree in business administration preferred.
  • Ten years’ experience in increasingly complex supervisory positions.
  • Demonstrated experience managing budgets, developing financial proposals and forecasts.
  • CPA, CA, CGA, CMA or equivalent.
  • Knowledgeable of financial/accounting principles.

What You Need to Be Successful:

  • Knowledge of the electrical industry specifically the OEB and Energy Act, Federal and Provincial regulations would be an asset.
  • Seasoned leadership skills as well as excellent administrative, presentation, communication, planning, management, and analytical skills.
  • Innovative change leader who is both a strategic thinker and can operationalize plans
  • High energy level, comfortable performing multifaceted projects in conjunction with day-to-day activities.
  • Drives for results with the ability to motivate team efforts to accomplish goals.
  • Positive, proactive, and forward-thinking approach.
  • Superior relationship building skills with strong interpersonal abilities to engage diverse personalities.
  • Effective communicator with a comfort level presenting in front of both small and large audiences
  • Tactful, mature, and flexible.
  • Critical thinker with good reasoning abilities. Resourceful and well organized.  

Who We Are:

At Burlington Hydro, we strive to exemplify excellence in every aspect of our business. From the exacting work of our engineers and the professionalism of our customer service representatives, to our resilient operations crews and all those in-between, we work together to deliver value at every level of the organization. It’s a value proposition that lies at the very core of our company – caring for people and community, and caring about stewardship and sustainability – all with a commitment to continuous improvement in everything we do. 

We rely on the skills and abilities of all of our employees to assist us in reaching our mission, goals and objectives. We put high emphasis on our Core Values and expect all employees to act consistently in accordance with those Values.  

We care about our team, our work, our customers and our business. Our commitment to delivering quality service and providing a safe work environment govern all of our daily activities. Each member of our team has a responsibility to help one another achieve success, and satisfaction on the job. Vision and strategy are vital, but it's our people who create value. 

We have consistently been voted as one of Hamilton-Niagara's Top Employer. We promote a culture that is performance driven, values centric, diverse, and inclusive. We’re always looking for good people who share the same values and want to combine their professional talents with a commitment to our goals. 

To Be Part of Our Team, We Look for Candidates Who:

  • Thrives in a dynamic team environment and resilient in the face of challenges or uncertainty
  • Are committed to safety and working as part of a team to ensure the highest standards of safety are upheld
  • Takes the initiative, leads by example, demonstrates a positive attitude and respective of diverse perspectives
  • Have a strong track record of excellence in all that they do 

In exchange, we offer:

  • Competitive compensation
  • Safe working conditions
  • Comprehensive benefits (medical, dental) for you and your family
  • Defined benefits plan
  • Exciting career challenges
  • Training and development support 

In accordance with Burlington Hydro's COVID-19 Vaccination Proof Policy, as a condition of employment, successful job applicants must provide an official QR code as proof of full vaccination against COVID-19 prior to their start date. This requirement is subject only to valid human rights-based requests for accommodation. 

We thank all applicants for their interest, however, only those candidates selected for an interview will be contacted. 

Diversity & Inclusion: Burlington Hydro Inc. is committed to creating an inclusive workplace and we encourage candidates from diverse backgrounds, experiences, and those who may need accommodation to apply to join our team. Our commitment to excellence in diversity goes beyond promoting equity. By incorporating a variety of experiences and perspectives, we create opportunities for innovative solutions and maximize the impact of our work. 

In accordance with the Accessibility for Ontarians with Disabilities Act, 2005 and the Ontario Human Rights Code, Burlington Hydro Inc. will provide accommodations to applicants with disabilities throughout the recruitment, selection and/or assessment process. If selected to participate in the recruitment, selection and/or assessment process, please inform Human Resources staff of the nature of any accommodation(s) that you may require.  

Interested and qualified applicants are encouraged to submit their resume to Human Resources by clicking here

Burlington Hydro Inc. is committed to providing accommodations throughout the interview and employment process. If you require an accommodation, we will work with you to meet your needs.

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