WORK ILLUSTRATION:
Reporting to the Senior Manager, Capital Planning & Reporting, the Supervisor, Capital Accounting & Reporting is responsible for monitoring the aging of Construction Work In Progress (CWIP) to ensure valid for capitalization and making decisions on financial transactions eligible for capitalization; providing financial support and guidance to stakeholders with respect to the capital work program execution to enable effective strategic and operational decision-making; ensuring the accuracy of inputs to external reporting in the development of policies, reports and surveys for capital related topics to support organizational compliance with statutory requirements; and supporting the regulatory application process through the preparation and review of evidence and monitoring compliance with regulatory decisions. The Manager, Capital Accounting & Reporting champions continuous improvement initiatives related to management systems and processes related to capital budgeting and forecasting to support organization financial planning, capitalization of projects and derecognition of assets. The incumbent leads a team of professionals to design, operationalize and execute the management systems and processes described above.
Toronto Hydro has implemented a mandatory vaccination requirement for all its employees. Proof of full vaccination will be required upon receiving a conditional offer of employment. Toronto Hydro will provide reasonable accommodation to individuals who cannot be vaccinated due to disability or any other ground protected by the Ontario Human Rights Code.
KEY RESPONSIBILITIES:

• Leads a team of professionals to design, operationalize and execute the management systems and process related to capitalization of projects, derecognition of assets, and capital budgeting and forecasting to support organization financial planning and related reporting and analysis
• Supervises a team of professionals and administrative support staff to execute the day-to-day tasks related to Capital Planning and Reporting
• Provides performance and attendance management feedback, development, and safety management
• Provides guidance on and influences capitalization policy including the eligibility for capitalization, and asset classes/creation; Ensures the integrity of financial records, recommending policy changes as required
• Monitors the aging of Construction Work In Progress (CWIP) to ensure valid for capitalization and making decisions on financial transactions eligible for capitalization
• Provides financial support and guidance to stakeholders with respect to the capital work program execution to support effective strategic and operational decision-making
• Designs and prepares internal (e.g. Infrastructure Operational Planning and Master Production Planning) and external (e.g. OSC and OEB) capital financial reports; Manages the data consolidation and reporting to facilitate decision-making for financially-driven key performance indicators
• Participates as Finance Subject Matter Expert (SME) in operational projects where there is a financial/regulatory impact \xe2\x80\x93 related to topics including fixed assets, in-service assets, rate base, depreciation, and derecognition)
• Provides forecasted inputs to the financial planning team regarding capex, depreciation, derecognition, and Regulatory Account Balances) for consolidated budget purposes
• Ensures the accuracy of inputs to external reporting in the development of policies, reports and surveys for capital related topics to support organizational compliance with statutory requirements

REQUIREMENTS:

• Undergraduate degree in Accounting, Business, Finance or related field of study
• Certified Professional Accountant (CPA) designation required
• 7+ years overall finance experience (Capital asset intensive environment preferred)
• 3 years people/project leadership experience is preferred
• Experience in planning and reporting, financial and operational process development.
• Superior knowledge of International Financial Reporting Standards (IFRS), financial planning and capital accounting
• Strong influencing, negotiation, and stakeholder engagement skills
• Strong planning and execution skills
• Strong verbal and written communication skills
• Proactively anticipates problems and initiates solutions to resolve.
• Leverages relationships and expertise to influence and support the achievement of goals
• Invests in innovation, continuous improvement, and productivity
• Demonstrates leadership by influencing change in their area of expertise

Toronto Hydro has introduced a Hybrid Work Arrangement. This position allows for remote work up to three days per week, based on business needs. Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.

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