Finance & Regulatory Manager / Festival Hydro
Finance & Regulatory Manager / Festival Hydro
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Job Description
Finance & Regulatory Manager
Festival Hydro is a local electricity distribution company serving over 22000 customers across seven municipalities. We are a forwardthinking utility committed to excellence in customer service and operational performance. We are currently seeking a skilled and motivated individual to join our team as Finance & Regulatory Manager.
Position Summary:
Reporting to the Chief Financial Officer the Finance & Regulatory Manager is responsible for maintaining accurate financial records overseeing financial and regulatory reporting and providing effective leadership to the accounting team. This hybrid position plays a key role in supporting the utilitys financial integrity regulatory compliance and overall strategic objectives.
Key Responsibilities:
- Manage daytoday operations of the Finance and Regulatory department and ensure all activities are completed accurately and consistent with timelines.
- Manage the budget process and create templates and reports to ensure appropriate consolidation and review of budgets.
- Review monthly financials for Festival Hydro and Festival Hydro Services and manage the finance team to deliver variance analyses to budget and provide rationale for variances.
- Manage the process to develop and consolidate budgets provided by business units and complete required forecasting for financial reporting.
- Manage the accounting processes within the Enterprise Resource Planning (ERP) system.
- Maintain the general ledger complete reconciliations and ensure accounts are set up in accordance with OEB requirements.
- Manage and approve all accounts payable and accounts receivable and post monthly journal entries.
- Manage and review payroll processes and transactions including understanding of the Union Collective Agreement and legislative requirements.
- Manage and post daily cash receipts monthly accruals and inventory transactions.
- Communicate and collaborate with department leaders to stay abreast of spending budgeting and reports.
- Assist CFO with preparing Board of Director reports and financial statements.
- Liaise with thirdparty auditors and tax accountants to provide required documentation to ensure the swift closure of auditing activities.
- Regulatory filings submissions and compliance; act as an expert resource for all regulatory matters affecting the operations of Festival Hydro.
- Act as the internal resource for interpreting regulatory codes and related documents from provincial authorities such as the OEB IESO and Ministry of Energy.
- Work with the billing team to oversee the accuracy and timeliness of IESO settlements and compliance with the OEBs rules.
- Ensure Festival Hydro is in compliance with all regulatory requirements including data collection reporting implementation of internal process changes and recordkeeping.
- Ensure compliance with the Affiliate Relationship Code applicable to regulated utilities in Ontario.
- Serve as the primary point of contact for translating and communicating the companys financial position and operations for the purposes of regulatory applications and reporting requirements.
- Determine implementation and action plans of policy and regulation changes.
- Corporate Scorecard Key Performance Indicators (KPI) and Reporting; analyze the companys actual performance compared to the business plans.
- Provide people leadership and direction through coaching development performance management and resource planning.
- Other duties as assigned.
Qualifications:
- Chartered Professional Accountant (CPA) designation
- Minimum of four (4) years of management experience
- Experience in the utility sector is considered an asset
- Strong knowledge of applicable legislation regulations and accounting standards (e.g. IFRS Regulatory Accounting Canadian Payroll Standards)
- Proficiency in Microsoft Office Suite and financial systems
- Excellent communication interpersonal and presentation skills
- Strong organizational time management and project coordination skills
- Demonstrated leadership and teambuilding capabilities
- Strategic thinker with sound judgment and initiative
How to Apply:
Interested candidates are invited to submit their resume and cover letter to by June 2 2025 at 4:00 p.m. with Finance & Regulatory Manager in the subject line.
We thank all applicants for their interest; however only those selected for an interview will be contacted.
Festival Hydro is committed to an inclusive and barrierfree recruitment process. Accommodations are available upon request for candidates participating in all aspects of the selection process.
Required Experience:
Manager
Employment Type
Full Time
