InnPower | Financial Analyst

FINANCIAL ANALYST

Join us at InnPower as a Financial Analyst!

About Us

Located at 7251 Yonge Street in Innisfil, InnPower is one of the fastest growing electrical utilities in Ontario, servicing the Town of Innisfil and South Barrie. We serve our community as the local hydro utility – looking after the distribution (“wires”) business – with approximately 24,000 customers, and a service territory of 292 square kilometers.

We’ve created an inclusive culture where employees are encouraged to share new ideas and opinions, and have their voices heard!

Our Mission: To deliver the energy our communities depend on to grow and prosper, with a commitment to safety and reliability, and a passion for value-added services to our customers, employees, and shareholder.

Our Vision : To be one of Canada’s most innovative utilities, committed to boldly leading change, to create maximum value for our stakeholders.

Our Values:

• Health, Safety & Environmental (HSE) Stewardship
• Innovation & Sustainability
• Fiscal Prudence
• Fostering a Collaborative, Supportive & Respectful Culture
• Community Leadership & Presence

Why work for InnPower?

• Excellent health and dental benefits
• A great pension plan
• Training and development programs to grow in your role and in the company
• Tuition reimbursement
• Employee Assistance Program for mental health & wellbeing
• We have a fantastic workplace culture, offering hybrid work!

The Opportunity

As the primary role responsible for completing accounting and reporting transactions and preparing financial statements for the InnPower Group of Companies, this role is required to maintain ongoing functional understanding of routine and complex IFRS and Regulatory Accounting standards, processes and reporting obligations to ensure the timely, and accurate reporting of financial information to key business stakeholders.

Accountabilities include, but not limited to:

• Preparation of monthly and quarterly financial statements for the InnPower Group of Companies in accordance with current IFRS and Regulatory Accounting standards.
• Ensure timely and accurate month-end close procedures, including posting recurring journals, monthly account reconciliations, development charges, balance sheet reporting, etc. for routine and complex accounts in accordance with IFRS reporting standards.
• Supporting month-end and year-end activities, including assisting in the preparation of the year-end audits and budgets.
• Supports the Finance and Regulatory department with maintaining timely financial and accounting records in compliance with general accounting guidance issued by the Ontario Energy Board as outlined in the Accounting Procedures Handbook. This role is also expected to provide support and/or contributions as directed to periodic RRR, rate applications or other regulatory submissions being completed by the Regulatory Department.
• Supports the Engineering department with development, analysis and ongoing reporting of the developer Economic Evaluations as outlined in the Distribution Code.
• Preparation of reports/analysis for Regulatory, Operations and Engineering as required.
• Prepares and maintains the Fixed Asset continuity schedules, budget to actual reports and related reconciliations.
• Analyze and develop financing plans for large scale capital projects, including the consideration of current reserve fund and development charge balances, annual contributions, debt calculations, and forecasting future revenue and development charge receipts.
• Maintains shared services cost allocations and prepares lease accounting reconciliations in accordance with lease agreements and IFRS reporting standards.
• Record and maintain related party transactions.
• Collaborate with the Supply Chain Supervisor to investigate discrepancies in the preparation of the monthly inventory analysis.
• Assist with government agency reporting and communication to ensure filing compliance with tax and regulatory requirements.
• Supports the Town of Innisfil with information used to create the development charge study.
• Assist in the ongoing development and documentation of the departmental policies and procedures.
• Provide back up for the accounting staff, including accounts payable, sundry receivables, work orders processing, fixed asset records, water/wastewater, purchase orders and inventory.

Qualifications:

• 3+ years of progressive financial experience, focused on financial analysis and reporting
• Bachelor's degree in accounting, finance or related field required.
• Strong understanding of IFRS, Development Charges Act and Regulatory requirements.
• Advanced knowledge of Excel and Word
• Excellent analytical skills.
• Excellent communication and organizational skills.
• Completion of Chartered Professional Accounting (CPA) is considered an asset

InnPower values an inclusive environment.  Accommodations for persons with disabilities will be provided, on request, to support candidate participation in all aspects of the recruitment process.  To request accommodation, please contact Human Resources at View email address on mearie.talentnest.com .

We thank all respondents for their interest, however only those who will be requested to attend an interview will be contacted. Any personal information submitted will be managed in accordance with the Municipal Freedom of Information and Protection of Privacy Act.

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