Elexicon Energy is the fourth-largest municipally owned electricity distributor in Ontario. Our mission is to provide our customers with reliable, affordable energy services and to continuously improve to meet their needs, while ensuring the needs of our shareholders are met through sustainable growth.
WHY JOIN OUR TEAM?
At Elexicon Energy we believe in living and leading our values through our daily actions. Our people are passionate about what they do and are engaged in day-to-day operations, projects and initiatives to support Our Why of empowering the communities we serve and helping customers create the possibilities that energize their future. This is an exciting time to join our growing team as we develop the strategies and plans to support a new brand and vision for customer centricity and operational excellence!
Reports to the Director, Finance and provides leadership and guidance to the financial reporting team. This role is responsible for internal and external financial reporting, technical accounting, liaising with external auditors, tax and tax audits, and accounts payable.
DUTIES AND RESPONSIBILITIES
Financial Reporting & Technical Accounting
- Lead the preparation and review of annual financial statements and accompanying notes in accordance with IFRS Accounting Standards.
- Lead the preparation and review of monthly and quarterly management reports, Board reports, and annual MD&A, including financial statement commentary and variance analyses.
- Provide technical accounting expertise, including the interpretation and implementation of new accounting standards, regulatory requirements, accounting policies, and position papers.
- Monitor emerging accounting, regulatory, and industry developments, assessing impacts and ensuring ongoing compliance with IFRS Accounting Standards.
- Provide financial analysis, insights, and recommendations to support strategic decision-making by senior leadership and the Board.
Accounting Operations & Tax Compliance
- Lead the preparation of complete, accurate, and timely monthly, quarterly, and annual working paper files and analytical schedules.
- Oversee the preparation, review, and filing of corporate tax returns, and manage all tax compliance activities including audits, planning initiatives, and optimization opportunities.
- Ensure adherence to all statutory requirements, including Income Tax, Property Tax, and HST, as well as compliance with CPP, EI, and Employer Health Tax.
- Oversee general accounting operations, including reconciliations, accruals, inventory, prepaids, intercompany transactions, accounts payable, and liaise with internal departments and external suppliers to resolve financial processing issues.
- Ensure robust internal controls, financial governance, risk mitigation practices, and the integrity of financial data and reporting systems.
- Support OEB compliance requirements, distribution rate applications, and financial service obligations for affiliated entities under established service agreements.
Elexicon Corporation Support
- Lead the preparation of management and Board reporting packages for Elexicon entities, including financial statement analysis and commentary.
- Lead the end-to-end preparation of IFRS compliant financial statements and accompanying notes for corporate reporting.
Audit, Stakeholder Relations & Organizational Effectiveness
- Serve as the primary liaison with external auditors, tax advisors, actuaries, and key internal stakeholders, ensuring effective coordination on accounting, audit, and tax matters.
- Lead audit activities, and implementation of recommendations arising from audit findings and compliance assessments.
- Drive innovation, process improvement, system enhancements, and automation initiatives to improve efficiency, service delivery, and reporting capabilities.
- Champion ethical conduct, health and safety, regulatory compliance, and a high-performing culture aligned with corporate values and organizational objectives.
Leadership & People Management
- Provide leadership, direction, coaching, and performance management to a team of unionized and non-unionized employees, fostering a culture of accountability, collaboration, and continuous improvement.
- Manage workforce planning, recruitment, employee development, succession planning, performance reviews, and day-to-day departmental operations.
- Administer collective agreement provisions, organizational policies, and employee relations matters in partnership with People & Culture.
- Establish departmental goals, monitor performance metrics, and ensure service levels, operational priorities, and business objectives are achieved.
WHAT YOU NEED TO BE SUCCESSFUL
- Demonstrated leadership experience managing and developing unionized and non-unionized teams, with a proven ability to drive performance, employee engagement, and accountability.
- Extensive experience in financial reporting, technical accounting, taxation, audits, internal controls, and financial operations within a complex organizational environment.
- Strong knowledge of IFRS Accounting Standards, regulatory accounting requirements, and the Ontario Energy Board's Accounting Procedures Handbook and related regulatory frameworks.
- Advanced analytical, strategic thinking, and problem-solving skills, with the ability to interpret complex financial information and provide recommendations to senior leadership and Boards.
- Experience leading financial systems enhancements, process improvements, organizational change initiatives, and cross-functional projects to improve efficiency and effectiveness.
- Excellent communication, stakeholder management, and relationship-building skills, with the ability to effectively collaborate with executives, regulators, auditors, external advisors, and internal partners.
MINIMUM REQUIREMENTS
- University degree in Finance, Accounting, Business Administration, or a related discipline.
- Chartered Professional Accounting (CPA) designation in good standing.
- Minimum of 8 years of progressive finance and accounting experience, including leadership responsibilities for financial reporting, accounting operations, and compliance functions.
Compensation Package: $118,000.00 - $148,000.00 CAD annually + Competitive Bonus + Benefits + OMERS Pension Plan
The above range reflects the reasonable estimate for the position at the time of posting. Within the range, hiring compensation will be determined based on relevant qualifications, experience, skillset, education/ training, and other organizational needs.
Note: This posting is for a new role.
Our Commitment to Diversity, Equity, Inclusion and Belonging:
Elexicon Energy embraces and celebrates our collective diversity. We are committed to fostering an inclusive, diverse and equitable workplace built on respect, support and collaboration.
Elexicon Energy is an equal opportunity employer. We value an inclusive and supportive workplace which truly reflects the diversity of the communities we serve. We welcome all individuals to apply and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, Indigenous/Métis status, or other legally protected status.
In accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, accommodation is available upon request at any point during the recruitment process. If you require accommodation please email us at
[email protected] and we will work to meet your needs.
We thank all applicants; however, only those to be considered will be contacted.
