Supervisor Finance & Accounting

INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

Why join us?

You've got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn't happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You'll thrive in a collaborative, team-based environment that values your unique skills and experiences - and recognizes that when you do better, we become even better too.

Who we are

The Independent Electricity System Operator (IESO) works at the centre of the province's power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province's electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario's electricity needs - now and into the future.

The opportunity

Reporting to the Senior Manager, Finance & Accounting, the Supervisor, Finance & Accounting will lead a team through all components of the Corporate financial reporting process. The role will oversee the external audit engagement and the delivery of audited financial statements, compliance with tax, regulatory, government and legal requirements with appropriate and prudent risk management practices; policies and procedures in support of complex accounting topics. This role provides assurance to stakeholders, Executive Leadership Team, Audit Committee and Board of Director members, market participants and governments in receiving complete and accurate information for decisions making.

What you'll do

Be accountable, manage, and responsible for:

• Supervise up to 5 staff through planning, organizing, assigning, managing responsibilities, providing advice and direction and ensuring quality, accuracy and timeliness of tasks;

• Oversee the preparation and coordination of the IESO Corporate financial statements with accompanying notes for external contacts, government, financial analysis and management reports to the Executive Leadership Team;

• Provide technical expertise leadership and guidance to personnel involved in and/or participating in the interpretation, administration, or application of finance and accounting services. Maintain expert knowledge of finance and accounting activities for purposes of interpreting and applying your expertise in recommendations to management;

• Negotiate, influence and collaborate with other IESO groups and external parties to reach a common understanding and agreement on important financial issues and changes to operations;

• Assist in communicating complex finance and accounting matters with external stakeholders including the Ontario Energy Board, Ontario Auditor General, Canada Revenue Agency, external lawyers, external auditors, external tax advisors, external actuaries, and IESO market participants;

• Manage the development of complex financial analysis including financial modelling, dispute resolution, estimates for use in public dissemination, and taxation analysis;

• Act as a project leader on assigned projects related to business unit financial system replacements;

• Establish and update finance policies and procedures that are utilized and necessary for a full finance function;

• Review and approve the issuance of all market participant invoice payments and statements of activity, of approximately $1.5 billion, for the real time market on a monthly basis;

• Review and approve the posting of all transaction details to the general ledger including reconciliation of sub-ledgers and general ledger accounts;

• Contribute to the development of training packages and documentation relating to the maintenance of records, work methods, technology, techniques, and the policies, practices, and procedures;

• Perform other duties as may be required and participate on special projects.

What you need to succeed

• 4 year Undergraduate degree in business, accounting, finance or economics

• A Chartered Professional Accountant (CPA) designation

• Minimum 8 years of business experience including a) leading financial statement preparation and reporting, b) expert accounting and Public Sector Accounting Standards knowledge, and c) leading audits and managing external independent auditors

• Requires supervisory experience to exercise full managerial accountabilities including human resource management in the areas of employee engagement and development, succession planning, performance management, salary recommendations, coaching and mentoring

• Demonstrated leadership skills and an ability to influence and motivate others to work collaboratively as team members

• Rigorous analytical and organizational skills; able to use trouble shooting techniques to solve solutions or devise new courses of action within the intent of existing programs, legislation or professional standards

• Experience in the development and application of financial policies

• Requires significant computer-based experience in the development of financial accounting and reporting-systems, their operation and maintenance

• Knowledge and understanding of the design of the IESO-administered markets is preferred

• A broad understanding of the electricity industry in general

• Experience leading projects that implemented accounting systems and tools is recommended

What's in it for you

• A comprehensive total rewards program, including best-in-class benefits and a flexible workplace
• A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter
• Leaders who support your growth and success through regular feedback and coaching
• The opportunity to work with some of the brightest minds in the industry
  

Deadline: January 20, 2025

For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.

At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment - one that values every team member's unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know.

We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview.

Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.

The IESO offers a hybrid work model program to most of our employees, based on business needs. Individuals participating in the program can work an average of three days per week remotely within Ontario. It also offers three flex weeks when individuals can work remotely within Ontario . When working in the office, you will be located at our Mississauga, Toronto, or Oakville location.

Join our talent community

Sign up for talent community; stay in touch, find out about new opportunities - and discover how you can make a difference. Discover how we use our expertise and commitment to deliver reliable and affordable electricity to Ontario's businesses and communities, and how we're innovating to secure a stronger energy future for all Ontarians. Visit Careers at IESO and be sure to follow us on LinkedIn.

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