Festival Hydro | Financial Analyst

Financial Analyst

Festival Hydro is a local electricity distribution company proudly serving more than 23000 customers across seven municipalities. As a community-focused utility we are committed to delivering safe reliable and innovative energy solutions while maintaining exceptional customer service and operational excellence.

We are seeking a highly motivated and analytical Financial Analyst to join our Finance team. This is an excellent opportunity for a finance professional who enjoys working with data solving complex business challenges and contributing to the financial success of a growing organization.

Position Summary

Reporting to the Controller the Financial Analyst is responsible for supporting the organizations financial reporting budgeting forecasting analysis and accounting functions. The successful candidate will play a key role in ensuring the accuracy and integrity of financial information while providing meaningful analysis to support operational and strategic decision-making.

The Financial Analyst will serve as a key business partner to the Controller supporting financial reporting budgeting forecasting regulatory reporting ERP optimization audit activities and strategic financial initiatives. The position will work closely with the Finance team to enhance reporting processes maintain financial records support regulatory requirements and contribute to the ongoing optimization of financial systems and controls. The position will also serve as a backup resource for payroll administration and related processes.

Key Responsibilities

Accountabilities include but are not limited to:

• Prepare and analyze monthly financial results including variance analysis and management reporting.
• Assist with the preparation of annual operating and capital budgets.
• Support monthly and long-term forecasting activities.
• Prepare financial models business analyses and ad hoc reporting to support organizational decision-making.
• Perform account reconciliations and investigate variances or discrepancies.
• Assist with month-end and year-end financial close processes including journal entries accruals and supporting documentation.
• Maintain and reconcile fixed asset records and related reporting.
• Support the preparation of financial statements Board reports management presentations and strategic financial analysis.
• Support the Controller in the preparation of Board reports regulatory filings financial models and strategic initiatives.
• Assist with regulatory reporting requirements and financial data submissions.
• Provide support for external audits and regulatory reviews by preparing schedules and supporting documentation.
• Monitor financial data for trends risks opportunities and process improvement initiatives.
• Participate in the ongoing enhancement and optimization of ERP and financial systems.
• Assist with the development and maintenance of financial controls procedures and documentation.
• Support accounts payable accounts receivable and general accounting functions as required.
• Act as backup support for payroll processing and payroll-related reporting.
• Collaborate with internal departments to provide financial insights and support operational initiatives.
• Identify opportunities to improve reporting efficiency data accuracy and business processes.
• Participate in special projects strategic initiatives and other duties as assigned.

Qualifications

• Degree in Accounting Finance Business Administration or a related discipline.
• Minimum five (5) years of progressive experience in accounting financial analysis budgeting forecasting or a related finance role.
• CPA designation or active enrollment in the CPA Professional Education Program (PEP) is required.
• Experience in the electricity distribution utility or regulated industry sectors is considered an asset.
• Previous payroll experience is considered an asset; ability to provide payroll backup support is required.
• Strong understanding of accounting principles financial reporting budgeting forecasting and financial analysis.
• Advanced proficiency in Microsoft Excel and strong working knowledge of Microsoft Office applications.
• Experience working within an Enterprise Resource Planning (ERP) system is required.
• Exceptional analytical problem-solving and critical-thinking skills.
• Strong attention to detail and commitment to accuracy.
• Excellent organizational and time-management skills with the ability to manage multiple priorities.
• Strong verbal and written communication skills.
• Ability to work independently while contributing effectively within a team environment.
• Demonstrated commitment to continuous improvement and professional development.

Compensation & Benefits

Salary Range: $75000 - $103000 annually

Festival Hydro offers a competitive total rewards package including:

• OMERS defined benefit pension plan
• Comprehensive health and dental benefits
• Employee and Family Assistance Program (EFAP)
• Professional development opportunities
• Paid vacation and personal time
• A collaborative and supportive work environment

How to Apply

Interested candidates are invited to submit their resume and cover letter by July 10 thank all applicants for their interest; however only those selected for an interview will be contacted. Festival Hydro is committed to fostering an inclusive respectful and barrier-free workplace. Accommodations are available upon request throughout all stages of the recruitment and selection process.

Interested applicants can view current opportunities and submit their application online at:

Process Notice

Festival Hydro utilizes recruitment software to assist with the administration and organization of candidate applications. While technology may be used to support the recruitment process Festival Hydro does not use artificial intelligence or automated decision-making tools to screen out disqualify or make hiring decisions regarding applicants. All employment-related decisions are made by qualified individuals based on the candidates qualifications experience and suitability for the position.