Job Information
Ontario Power Generation Senior Financial Accounting Analyst in Toronto, Ontario
Senior Financial Accounting Analyst
Location:
Toronto, ON, CA, M5G 1X6
Req ID: 46710
Status: Regular Full Time
Working Conditions: Hybrid Working Environment
Education Level: 4-Year University Degree.
Location: Toronto, ON
Number of Position(s):1
Shifts(s): Days
Travel: Yes- 10%
Deadline to Apply: May 23rd, 2024
Electrify your career and help build a brighter tomorrow.
Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.
Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.
ACCOMMODATIONS
OPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported. If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.
If you requireinformationin a format that is accessible to you, please contact AODA@opg.com
This position is moving to OPG Corporate Headquarters: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to electrify life in one generation .
JOB OVERVIEW
Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Financial Accounting Analyst. Reporting to the Section Head, the Senior Financial Accounting Analyst will be responsiblefor processing and reviewing month-end accrual journals, meticulously identifying, and resolving any issues associated with the processes, journals, and accrual reports. Attention to detail and analytical skills will be essential in maintaining accuracy in financial reporting. The successful candidate will verify generation and trading revenue this involves confirming the accuracy of revenue allocations and ensuring compliance with regulatory standards. The successful candidate willanalyze the changes required to existing systems, processes and reports due to introduction of new products, market rules, accounting rules and regulations.
This is an exciting opportunity to work in an environment where you will contribute to OPG’s public outreach, engagement, and education efforts as part of the company’s commitment to growing its social license.
KEY ACCOUNTABILITIES
Process owner for generation and trading revenue transactions and reporting. This includes preparing monthly reports to Senior Management and preparing ad-hoc information requests from both internal and external sources. The information managed is high-profile, requiring a deep understanding of accounting principles and energy market rules. Ensure accurate and timely reporting while also supporting informed decision-making.
Responding to the development, maintenance and evaluation of financial policies, procedures, and systems to satisfy Line of Business Units and Corporate Function financial needs in the areas of financial accounting and reporting, management accounting and reporting, financial model application development and maintenance, cost of power application, and internal control.
Participate in the maintenance of a consistent framework for accounting activities across the Corporation in areas such as the financial system development and maintenance, business transaction analysis; accounting recognition; related party transactions and financial account identification and maintenance; and financial statement presentation and disclosure.
Provide support to management on a Corporate-wide basis in areas related to the application of financial accounting policies and procedures, financial and management accounting recognition, and reporting. Ensure work activities comply with applicable policies, IESO market rules, practices, standards, and guidelines.
Maintain and monitor unique accounting applications in support of special agreements/contracts with the IESO and OEB.
Oversee and reconcile Energy Trading activities that integrate with financial processes with a clear consideration of internal control implications.
Verify and reconcile financial data across multiple ledgers to ensure accuracy and consistency in financial reporting.
Create and manage control reports for SAP-entered journals and distribute reports to end users.
Other Duties as Required
EDUCATION
- 4 year University degree in a business discipline (ie. Accounting, Commerce, Economics) and with the achievement of a recognized professional accounting designation (CPA, CA, CGA or CMA)
QUALIFICATIONS
Ability to work effectively and efficiently in a flxible hybrid office environment.
8 years of relevant work experience
Demonstrated experience in the preparation and analysis of consolidated balance sheets and operating accounts, cashflows, and year-over-year analysis of various accounts, to support the consolidated financial statements.
Experience with IFRS and/or US GAAP, identifying key issues and assessing alternative solutions.
Experience using large financial or integrated enterprise systems such as SAP Finance Modules.
The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.
What Makes a Career at OPG Different?
As Ontario’s largest clean energy generator,we’re building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.
At OPG, our values are our strengths. They are fundamental truths about our organization that don’t change:
Safety – it’s our business
Integrity – always lead with integrity
Excellence – never satisfied with good enough
Inclusion – working together for powerful outcomes
Innovation - creativity accelerates possibility
Here's why OPG might just be the ideal workplace for you:
Exceptional range of opportunities province-wide
Long-term career growth and development opportunities
Electricity is vital to the province and OPG’s clean electricity is helping decarbonize other sectors.
Our promise to you:
We care about the safety and the well-being of our employees. It is our utmost priority.
A supportive work environment where you can be your best every day.
Opportunities to stretch and develop.
Offer different ways for you to give back to communities where we operate.
Partner with Indigenous communities and support local businesses.
We support employment equity, diversity and inclusion.
Are you ready to start a career that has the power to electrify life on and off the job? Apply now.
APPLICATION PROCESS
Please submit your application online at https://jobs.opg.com/ by 11:59 PM E.S.T. , May 23rd 2024 . OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.
#LI-Hybrid
external job description to be drafted upon approval process.