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Ontario Power Generation Manager External Reporting Accounting Policy in Toronto, Ontario

Manager External Reporting & Accounting Policy

Location:

Toronto, ON, CA, M5G 1X6

Req ID: 45740

Status: Full Time, Regular

Education Level: University Degree in Business Administration, Finance or, Accounting. Professional Accounting CPA, CA Designation is required.

Location(s): Toronto, 700 University Ave

Deadline to Apply: February 26, 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 results-driven, analytical leader to join our team in the role of Manager, External Reporting and Accounting Policy.

Reporting to the Senior Manager, the Manager, External Reporting and Accounting Policy will ensure responsible for meeting financial reporting and disclosure requirements for annual and quarterly filings as set out by the securities commissions or contractual requirements.

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 *

Through a collaborative relationship with the Senior Manager, External Reporting and Accounting Policy provide the following:

  • Accountable to prepare annual and quarterly MD&A, News Release, AIF and other information for external reporting purposes. This includes information submitted to the Audit and Finance Committee and the Board of Directors, filed with external bodies such as the Ontario Securities Commission and other institutions. Some level of judgment is required to ensure that the regulatory requirements are met taking into consideration the disclosure of material information for OPG. In addition, problems or complexities exist as part of the analysis and decision support relating to internal control assessment requirements to ensure that corporate, regulatory and legal requirements are met.

  • Review and comment on OPG's and entity annual and quarterly financial statements and notes which have been prepared for external reporting purposes.

  • Provide top tier reporting among Canadian companies.

  • Review accounting developments and related external analysis, review and finalize internal analysis and comment letters on exposure drafts. This would include reviews of research and discussion papers by authoritative accounting organizations including but not limited to the Canadian Institute of Chartered Accountants, the Financial Accounting Standards Board, and the International Accounting Standards Board.

  • Liaise with external bodies such as the Canadian Institute of Chartered Accountants ('CICA'), International Accounting Standards Board, and Financial Accounting Standards Board to maintain a proactive role in the reporting requirements and accounting standard setting process, thus keeping the Company informed of new accounting and reporting requirements and developments and other technical issues that would impact the Company.

  • Review corporate accounting and financial policies and processes that comply with external reporting requirements and Generally Accepted Accounting Principles ('GAAP').

  • Work closely with the Company's external auditor to resolve non-routine and complex accounting issues.

  • Provide leadership, implement and plan and/or contribute to special projects associated with various operations of the Company.

  • Review accounting analysis and policies for complex accounting issues, and provide advice and guidance to management and peers across the Company on complex accounting issues and their implications.

  • Evaluate the accounting implication of strategic proposals including sensitive decisions and their impact on capital investments, rate strategies, pension and OPEB changes and maintain confidentiality and protect the company's information while conducting the assessments.

  • Continuously look for cost effective means to achieve objectives and obtain results.

  • Train others in the Company so they are knowledgeable of the Company's accounting policies to ensure compliance with such policies.

  • Comply with legal requirements, corporate policies and procedures and generally accepted practices.

  • Supervise, train and provide guidance to Senior Policies, Processes & Reporting Advisor within the department

  • Train and provide guidance to other accountants in various finance groups including Finance Shared Services Group, controllers, and treasury on accounting policy and reporting issues.

  • Work safely and take precautions to protect the safety of others.

  • Protect the Company's assets.

  • Interaction with senior management peers inside and outside the Company.

  • Deliverables result in CEO / CFO certifications, which have significant impact to the company's financial credibility.

  • Other Duties as Required

EDUCATION

  • “CPA, CA” designation required;

  • University degree with an emphasis on Business Administration, Finance, Accounting or equivalent; and

  • Master’s degree in Accounting or an MBA would be an asset.

    QUALIFICATIONS

We are seeking a dynamic accounting professional with the following:

  • Minimum 4-6 years of accounting and reporting experience, experience in a public company or rate-regulated environment is an asset;

  • Experience in reviewing external financial reports (MD&A, financial statements, and AIF), and conducting technical accounting analysis;

  • Experience with IFRS and/or US GAAP, identifying key issues and assessing alternative solutions;

  • Experience in review of audited financial statements, researching and analyzing complex accounting issues and exposure to various internal control environments;

  • Experience in reviewing/compiling financial statement consolidation working papers

  • Sense of urgency and decision-making skills conducive to managing priorities and meeting internal and external timelines;

  • A results-oriented focus is essential, as is the ability to work in a fast-paced changing environment and effectively manage several projects simultaneously;

  • Strong written and verbal communication skills; ability to influence and communicate effectively across the company and externally at all levels;

  • Ability to work in a cross-functional environment;

  • Sound judgment, attention to detail, critical thinking, and creative problem-solving abilities;

  • Proficient with the use of information technology tools such as Microsoft Word and Excel;

  • Experience in using IBM Cognos Disclosure Management and SAP Business Planning and Consolidation (BPC) software would be an asset; and

  • Experience in utilities, electricity, or power industries is preferred.

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. ,February 26th , 2024.  OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.

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