Ontario’s largest electricity transmission and distribution utility, powering 1.5 million customers.
Manage fixed asset accounting, reporting, and regulatory compliance for Hydro One.
9 days ago ago
Expert & Leadership (13+ years)
Full Time
Toronto, Ontario, Canada
Hybrid
Company Size
9,381 Employees
Service Specialisms
Builder & contractor services
Tree trimming
Temporary disconnect
Underground cable locate
Electrical inspection
New service layout
Service upgrade
Stray voltage assessment
Sector Specialisms
Transmission
Distribution
Industrial
Energy
Commercial
Residential
Telecommunications
Renewable Energy
Role
Description
fixed assets
monthly close
regulatory reporting
auditor liaison
internal controls
survey coordination
Support regulatory requirements, including witnessing and preparation of evidence, development of briefing material, responses to interrogatories, and transcript undertakings and general hearing support.
Follow-up to ensure that guidance on the application of generally accepted accounting has been followed within the company.
Manage and successfully execute the monthly close and reporting processes for Fixed Assets, including the timely and accurate issuance of appropriate management reports.
Provide financial oversight to the fixed assets area of the balance sheet including working with Outsource provider and other business areas on process improvements.
Manage the ongoing requirements of the external auditors, ensuring that all working papers and related support are provided on a timely basis.
Perform specific functional accounting and reporting duties, such as manage specific account balances, fixed assets, OEB’s Uniform System of Accounts (USofA), Statistics Canada Surveys, support for complex transactions, preparation and/or approval of journal entries, and issuance of confidential internal management reports.
Maintain appropriate internal control policies and develop procedures as required.
Manage and successfully execute the quarterly close and confidential reporting process for Fixed Assets, including the development of a confidential reporting process including analysis.
Provide analysis and input to the monthly close process, managing, developing and issuing fixed asset related reports, support to regulatory reporting process including ensuring that fixed asset categorizations confirm to USofA and cost allocation categories.
Coordinate and manage the completion of Statistics Canada Surveys, ensuring that tools are effectively utilized to streamline the process.
Ensure requirements are effectively communicated to business until and monitor compliance.
Requirements
cpa
fixed asset
rate-regulated
financial reporting
8-10 years
intermediate
Experience in fixed asset accounting & reporting is highly desirable.
Experience in a rate-regulated environment is highly desirable.
CPA or similar recognized accounting designation.
8 – 10 years relevant experience in financial reporting at an intermediate level.
Benefits
Information not given or found
Training + Development
Information not given or found
Interview process
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Visa Sponsorship
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Security clearance
Information not given or found
Company
Overview
98% Grid Operation
High-Voltage Grid Control
Controls the majority of Ontario's high-voltage electricity transmission network.
1.5M Customers
Customer Reach
Provides electricity to over 1.5 million residents and businesses across Ontario.
$36.7B Assets
Financial Strength
Controls significant infrastructure worth CA$36.7 billion, underscoring its essential role in Ontario's energy sector.
$8.5B Revenues
Annual Performance
Generated CA$8.5 billion in revenue in 2024, reflecting its financial scale and operational efficiency.
Born in 1999 from the breakup of Ontario Hydro, it inherited a century‑old mission to power rural and urban communities.
It supports large industrial clients through high-voltage transmission while delivering electricity to homes and businesses.
Notable for becoming Canada’s first utility to publish a Sustainable Financing Framework, enabling green bonds.
Despite its essential role, some rural users note long lead times for service—revealing challenges in scale and demand.
Culture + Values
Building a workforce that reflects the diverse population of the communities where we live and work
We believe that the background, experience, perspective and talent of each individual enriches our company
We embrace our differences
We respect diverse opinions
We foster an open, collaborative work environment
We strive for a corporate culture where all employees are valued, respected, feel a sense of belonging, and have equal access to opportunities
Our employees bring the broadest possible perspectives, generate new ideas and deliver the best possible customer service
Environment + Sustainability
41% decrease
GHG Emissions Reduction
Achieved a significant reduction in greenhouse gas emissions compared to a 2018 baseline through improved operational efficiency.
30% reduction
GHG Emissions Target
Committed to reducing greenhouse gas emissions by 30% by 2030, reflecting ambitious climate action goals.
50% EV conversion
Fleet Electrification
Aimed to convert 50% of light-duty vehicles to electric or hybrid by 2025, with plans to reach 100% by 2030.
CAD 2.375B bonds
Sustainable Financing
Raised CAD 2.375 billion in green bonds in 2023 to support sustainability initiatives under a structured framework.
Reduction of SF₆ emissions and optimized energy efficiency in facilities
Fleet conversion target: 100% light-duty vehicles to EV/hybrids by 2030
44% of sedans and SUVs converted to EVs/hybrids by end of 2024
35 charging stations installed to support EV adoption
62 hectares of pollinator habitats established
Exceeding 5% goal in sourcing spend with Indigenous businesses/materials
Inclusion & Diversity
3.5% Executives
Black Representation
Goal to have 3.5% of Black executives and board directors by 2025 as part of the BlackNorth Initiative.
5% Student Hires
Black Talent Pipeline
Target to achieve 5% of Black student hires by 2025 to support diversity in recruitment.
30% Women Executives
Gender Representation
Commitment to ensure at least 30% of executives and board members identify as women, aligning with the Catalyst Accord.
Building a workforce that reflects the diverse population of the communities where we live and work
Employee Resource Groups supporting various identities: Accessibility & Inclusion, Black Employee Resource Circle, Indigenous Network Circle, Men as Allies, Mosaic, People in Energy, Pride One, South Asian Network, Women in Trades, Technology and Engineering