DIRECTOR, FINANCIAL REPORTING

About Caelo Energy

A new identity, strong foundations, and an ambitious vision for Canada’s energy future.

Caelo Energy is a Canadian company specializing in the production, operation, and development of renewable energy. Recently launched under a new identity, it brings together the established expertise and assets of H2O Power in Ontario and Hydroméga, headquartered in Montreal. This new chapter marks an exciting step forward for the company as it seeks to accelerate its growth and strengthen its presence in Canada’s clean energy sector.

With a portfolio of 18 hydroelectric generating stations in Quebec and Ontario, Caelo Energy is supported by high-quality assets, an experienced team, and a significant development pipeline. Wholly owned by PSP Investments, one of Canada’s largest pension investment managers, the company benefits from a strong shareholder committed to supporting its long-term ambitions.

Beyond renewable power generation, Caelo Energy stands out for its commitment to the communities in which it operates. Through its facilities, job creation, the economic benefits generated by its projects, and its community and philanthropic initiatives, the company aims to make a tangible contribution to a more sustainable energy future.

Culture, Mission, and Values

A collaborative environment where expertise, initiative, and commitment make a difference.

At Caelo Energy, employees are at the heart of the company’s success. The organization fosters a stimulating, inclusive, and collaborative workplace where ideas are valued, talent can thrive, and everyone has the opportunity to contribute meaningfully to the company’s evolution.

Guided by a culture of respect, integrity, safety, excellence, innovation, and teamwork, Caelo Energy encourages autonomy, initiative, and collaboration. The company values professionals who want to put their expertise to work, take on stimulating challenges, and actively contribute to the growth of an evolving organization.

Committed to developing its people and embracing diverse perspectives, skills, and experiences, Caelo Energy seeks to build engaged teams around a shared ambition: advancing renewable energy while making a positive contribution to communities and the environment.

The Profile We Are Looking For

Caelo Energy is seeking an experienced financial leader recognized for rigour, sound judgment, and a collaborative approach. Both strategic and highly hands‑on, this professional enjoys coaching and developing a team while also getting personally involved in key matters to move things forward. Independent, pragmatic, and solutions‑oriented, the successful candidate will thrive in an agile, growing organization where expertise, initiative, and the ability to make a tangible contribution will have a meaningful impact.

Role Summary

Based in Montreal and reporting to the Chief Financial Officer, the Director, Financial Reporting will be responsible for managing the Financial Reporting team and overseeing all accounting activities for the company in Canada. The Director will oversee the preparation of financial reports, the budgeting process and budget monitoring, internal and external reporting processes, and the accuracy and integrity of accounting data. The Director will also ensure that financial information is prepared in accordance with generally accepted accounting principles (GAAP).

This role will be critical to ensuring compliance with requirements applicable to external stakeholders and supporting corporate decision-making through accurate financial information. As the person responsible for the budgeting process, the Director, Financial Reporting will play a key role in maintaining overall financial discipline across the company.

Main Responsibilities

1. Accounting Leadership, Financial Reporting, and Consolidation

• Oversee all accounting activities for the company in Canada and ensure the accuracy, integrity, and reliability of financial information.
• Oversee the preparation of monthly, quarterly, and annual financial statements for all company entities in accordance with generally accepted accounting principles (GAAP).
• Oversee financial consolidation activities and help improve consolidation processes in an environment comprising multiple legal entities, project companies, and holding companies.
• Coordinate the external audit process and ensure that required documents and information are prepared on time.
• Maintain direct involvement in certain accounting activities, including monthly accounting allocations and financial analyses requiring technical expertise.

1. Budgeting, Forecasting, and Financial Analysis

• Lead the annual budgeting process from data collection and setting assumptions through budget preparation, consolidation, and presentation.
• Oversee the development of financial forecasts and ensure they are updated based on evolving business activities and organizational needs.
• Monitor budget performance, analyze variances, and provide recommendations to support decision-making.
• Work closely with operational managers to support cost management, budget control, and improved financial performance.
• Provide relevant financial analyses and contribute to financial modelling to support the company’s operational and financial decisions.

1. Financial Reporting, Financing, and Stakeholder Relations

• Oversee the preparation of internal and external financial reports for management, shareholders, investors, and other stakeholders.
• Ensure compliance with financing agreements and financial covenants, including the preparation of periodic reports for institutional lenders.
• Ensure the preparation of reliable financial information tailored to the specific requirements of different financing structures and project companies.
• Support the CFO and senior management in preparing financial information for the Board of Directors and other stakeholders.
• Work closely with the tax and treasury functions to ensure consistency of financial information and compliance with the company’s obligations.

1. Internal Controls, Process Improvement, and Financial Systems

• Ensure the implementation, maintenance, and continuous improvement of internal controls and accounting and financial policies and procedures.
• Develop and maintain robust documentation of accounting processes to support operational efficiency and compliance with applicable requirements.
• Identify and implement continuous improvement initiatives to optimize accounting, finance, and reporting processes.
• Contribute to the optimization of tools, ERP systems, and reporting platforms to improve the quality, efficiency, and availability of financial information.
• Help evolve the finance function in a growth environment, including the integration of new entities and the adaptation of processes to organizational needs.

1. Leadership, Team Management, and Collaboration

• Lead, engage, and develop the Accounting and Financial Reporting team, fostering a collaborative and accountable work environment.
• Support team members in their professional development through coaching, knowledge transfer, and the strengthening of their technical and management capabilities.
• Ensure effective allocation of responsibilities and priorities to meet deadlines and maintain the quality of financial deliverables.
• Act as a key resource and trusted partner to the CFO, demonstrating autonomy, sound judgment, and initiative in managing the accounting function.
• Foster close collaboration across the company’s various teams while actively contributing to issue resolution and the implementation of practical solutions.

Required Qualifications

Education

• Bachelor’s degree in Accounting, Business Administration, or a related discipline, or an equivalent combination of education and relevant experience
• Recognized professional accounting designation (CPA)

Professional Experience

• 15 years of relevant experience in accounting and finance, including at least 5 years in a management role with significant responsibilities in financial reporting, accounting, and team supervision
• Demonstrated ability to lead, engage, and develop a team while fostering collaboration, accountability, and talent development
• Strong experience preparing and presenting financial information to senior management, with the ability to interact confidently with external auditors and various stakeholders
• Excellent command of financial close processes and monthly, quarterly, and annual reporting, while ensuring quality, reliability, and adherence to deadlines
• Pragmatic, hands‑on management experience , combining a broad understanding of financial issues with a willingness to become directly involved in accounting and finance activities when needed
• Experience in tax, treasury management, project‑level debt financing, and financial compliance requirements is considered an asset
• Experience in the energy or renewable energy sector, or in an environment involving multiple entities and investment projects, is also considered an asset

Skills

• Excellent knowledge of Canadian generally accepted accounting principles (GAAP), particularly Accounting Standards for Private Enterprises (ASPE)
• Strong financial analysis, synthesis, and problem‑solving skills, combined with advanced proficiency in Microsoft Office, particularly Excel and PowerPoint
• Ability to translate complex financial data into relevant insights and practical recommendations to support decision‑making
• Experience implementing, optimizing, or improving ERP systems, particularly NetSuite, is an asset
• Fluency in both French and English, spoken and written
• Availability for occasional travel within Canada

Abilities and Personal Qualities

• Engaging leadership: Ability to inspire trust, coach, and foster autonomy and professional development.
• Pragmatic, hands‑on approach: A manager who enjoys staying close to operations, is willing to roll up their sleeves, and can become directly involved in key matters to support the team and ensure results are achieved.
• Autonomy and initiative: Ability to take ownership of responsibilities, anticipate issues, and suggest practical solutions in an evolving environment.
• Commitment to excellence: Strong sense of accountability, attention to detail, and commitment to quality, reliability, and deadlines.
• Analytical mindset and business acumen: Ability to understand financial issues in their broader context, exercise sound judgment, and actively contribute to management decisions.
• Agility and versatility: Ability to thrive in a dynamic organization, manage multiple priorities, and move naturally between strategic thinking and operational execution.
• Excellent interpersonal and communication skills: Ability to communicate clearly, build trusted relationships, and collaborate effectively with management, internal teams, and external partners.
• Team spirit and constructive attitude: Approachable, positive, and solutions‑oriented, with a focus on knowledge sharing and continuous improvement.

Why Join Caelo Energy

• A pivotal moment: Help shape the company’s new identity and contribute to its next phase of growth.
• Strong foundations: Join a company with established operating assets and the backing of PSP Investments.
• A high‑potential sector: Contribute to the development of renewable energy in Canada and to a company focused on making a positive climate impact while supporting the communities where it operates.
• Tangible impact: Help improve processes and support the growth of an organization undergoing transformation, while working in a stimulating, collegial, and rewarding environment that values professional and personal development.
• Access to leadership: Collaborate with experienced executives and contribute to strategic initiatives.
• A collaborative culture: Work in an environment that values autonomy, initiative, and teamwork. Be part of a dedicated, diverse, and engaged team guided by the values of respect, integrity, safety, excellence, innovation, and teamwork.
• Competitive compensation and benefits: Benefit from a competitive total compensation package, comprehensive benefits, and a flexible hybrid work environment that supports autonomy and work‑life balance.
• In summary: Joining Caelo Energy today means helping build the future of a Canadian renewable energy platform while benefiting from the strong foundations of an established company.