Lakefront Utility Service Inc | Supervisor, Regulatory Finance & Compliance

Supervisor, Regulatory Finance & Compliance

Job Posting: Supervisor, Regulatory Finance & Compliance

Reports To: Director of Finance

Location: Cobourg, Ontario

About Us

Lakefront Utility Services Inc. (LUSI) is a progressive, multi-service utility based in Cobourg, Ontario. We deliver essential electricity and water services to the communities we serve and support our municipal partners through innovation, resiliency, and regulatory excellence. LUSI is committed to safety, reliability, cost-effectiveness, and forward-thinking solutions, including intelligent grid systems and sustainable energy and water initiatives. As a regulated utility operating within the Ontario Energy Board (OEB) framework, we maintain high standards of governance, compliance, and operational integrity.  For more information, visit: www.lakefrontutilities.com

Position Summary

The Supervisor, Regulatory Finance & Compliance, plays a key role in supporting regulatory strategy, financial reporting, and compliance within a regulated electricity and water utility environment. Working closely with the Director of Finance, this role contributes to regulatory filings, financial oversight, and stakeholder engagement while ensuring alignment with requirements set by the Ontario Energy Board and other industry bodies.

Key Responsibilities

Regulatory Filings & External Reporting

• Lead the preparation, analysis, and submission of regulatory filings and supporting documentation to the Ontario Energy Board (OEB), Independent Electricity System Operator (IESO), and other regulatory bodies
• Prepare clear, well-supported applications, including rate filings, license applications, and regulatory submissions
• Coordinate monthly, quarterly, and annual reporting requirements, including Reporting and Record Keeping Requirements (RRR) filings
• Contribute to external consultations, industry proceedings, and regulatory discussions

Regulatory Accounting & Financial Close

• Oversee monthly regulatory accounting processes, including analysis of distribution revenue, energy revenue, cost of power, and regulatory balances
• Prepare and review journal entries, general ledger reconciliations, and supporting documentation
• Monitor and reconcile deferral and variance accounts (DVA) in accordance with regulatory guidance
• Manage settlements and financial transactions with market operators and counterparties

Financial Reporting & Analysis

• Oversee monthly, quarterly, and annual financial close processes
• Ensure compliance with IFRS and internal accounting policies
• Support the preparation of financial statements and management reporting packages
• Support the development of multi-year business plans, annual budgets, and periodic forecasts
• Perform variance analysis and provide insights into key financial and regulatory drivers
• Conduct ad hoc financial and regulatory analysis to support decision-making

Compliance & Controls

• Ensure adherence to regulatory requirements, internal controls, and accounting standards
• Maintain ingoing awareness of regulatory changes to ensure continued compliance
• Coordinate with external auditors and support audit processes
• Assist with implementation of new accounting standards and regulatory requirements

Process Improvement & Documentation

• Review, assess, and enhance regulatory accounting and billing processes and procedures
• Maintain accurate records and documentation to support audits, filings, and internal reviews

Stakeholder Engagement

• Act as a key liaison with regulators, auditors, and internal departments
• Build and maintain effective working relationships with external stakeholders and industry participants
• Provide financial and regulatory insights to senior management

Leadership and Team Management

• Supervise and mentor accounting team
• Review teamwork for accuracy and compliance
• Foster accountability, collaboration, and continuous improvement
• Lead/support special projects in regulatory accounting, systems, and processes
• Communicate effectively with internal and external stakeholders
• Apply business and financial expertise to support regulatory and operational goals

Qualifications, Experience & Competencies

• CPA Designation (required)
• 5+ years of progressive experience in accounting, regulatory, or utility environments
• Strong knowledge of Ontario’s regulated utility framework and rate-setting methodologies
• Experience with regulatory filings, RRR reporting, and deferral/variance accounts
• Familiarity with regulatory codes and industry practices is an asset

Why Join LUSI?

• Executive-level impact in a critical infrastructure organization.
• Direct exposure to Board governance and regulatory oversight.
• Leadership opportunity within a community-focused municipal utility.
• Ability to shape organizational culture, safety performance, and workforce development.

To Apply

This is a non-union position. Salary will be commensurate with qualifications and experience.

Interested candidates are invited to submit a resume and cover letter by 4:30 p.m. by August 31, 2026, with the subject line:

Application – Supervisor, Regulatory Finance and Compliance
Email: mwcosens@gmail.com

Only candidates selected for an interview will be contacted. The successful candidate must provide a satisfactory criminal background check and three professional references. LUSI is committed to equity, diversity, and inclusion, and encourages applications from all qualified individuals. Accommodation is available upon request throughout the recruitment process.