Senior Financial Liability Analyst

Status: Regular Full Time

Working Conditions: Hybrid Working Environment    

Education Level: Bachelors Degree in Business, Finance, or Accounting

Base Location: Oshawa, ON

Temporary Work Location: Toronto, ON

Number of Position(s):1

Travel: Yes- 10%

Deadline to Apply: November 6, 2024

Salary Range: $2,575.17 - $3,020.55 Per Week

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.

ACCOMMODATIONS

OPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported. If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.

If you require information in a format that is accessible to you, please contact AODA@opg.com 

This position is moving to OPG Corporate Headquarters: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to electrify life in one generation. This position will be temporarily based in Toronto, ON until the move to Headquarters in the Summer of 2025.

JOB OVERVIEW

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Financial Liability Analyst.

Reporting to the Senior Manager Actuarial & Financial Evaluation, this role will act as subject matter expert on the management and update of financial accounting and related liability models for OPG’s nuclear waste management and decommissioning programs. The analyst will also play a critical role in supporting and guiding teams in evaluating the financial impact of other major corporate projects and strategic initiatives. These projects may include new-build power developments, business cases, and support for various investment-related and other business projects.

This is an exciting opportunity to work in an environment where you will contribute to OPG’s public outreach, engagement and education efforts as part of the company’s commitment to growing its social license.

KEY ACCOUNTABILITIES 

• Develop and maintain complex financial models for nuclear waste management and decommissioning liabilities, ensuring models produce accurate results in compliance with applicable financial reporting and other requirements.
• Apply professional judgement to develop, critically assess and conduct sensitivity analysis on the various inputs and assumptions into the valuation of nuclear liability programs. Carry out assigned analysis requirements and identify financial implications.
• Collaborate and exchange information cross-functionally with internal teams which are involved or impacted by the development of OPG’s nuclear liability programs.
• Support decision making of executive leadership in financial risk, value and impact assessments on OPG’s financial positions and results related to nuclear decommissioning and waste management activities.
• Develop business planning, budgeting and forecasting inputs related to accounting for nuclear waste management and decommissioning liabilities.
• Execute nuclear liability-related monthly, quarterly and annual period end closing, and financial reporting and analysis for internal and external purposes.
• Handle queries and perform walkthroughs with internal and external auditors in the area of nuclear waste management and decommissioning liabilities.
• Support the preparation of contractual and regulatory financial filings and associated information requests related to nuclear liability programs.
• Support the company’s Ontario Energy Board rate hearing process on the issues of nuclear liabilities.
• Provide guidance to business units regarding provision accounting and cost allocation to ensure consistent application throughout the organization.
• Provide supervision or training from time to time to others at OPG involved in the nuclear liability management process by coaching, scheduling and assigning project work or process deliverables. 
• As required, support valuation of other long-term obligations and financial analysis.

EDUCATION

• A 4-year University degree in Business, Commerce, Economic, Finance, Accounting or Actuarial Science
• Professional Accounting or Certified Financial Designation required

QUALIFICATIONS 

• Ability to work effectively and efficiently in a flexible hybrid office environment.
• 6 to 8 years of demonstrated hands-on experience in a relevant senior finance role; 
• Expert-level knowledge as a professional finance analyst with in-depth and wide-ranging financial knowledge in accounting and valuation related to long-term liabilities is highly preferred.
• Advanced knowledge of computer applications, mathematics, quantitative methods, statistics and analytical techniques.
• Experience developing complex financial models and scenario analysis for business purposes, and in database management.
• Relevant experience in financial valuations and complex financial accounting under generally accepted accounting principles.
• Experience and proven ability in analyzing complex financial implications to an organization, distilling and explaining involved financial concepts to a broader audience in a clear and effective manner.
• Strong problem-solving attitude and high comfort level with the need to apply informed judgement in assessing alternative solutions, assumptions and concepts on a regular basis.
• A results-oriented focus, and ability to work independently in a fast-paced changing environment and effectively manage several projects simultaneously.
• Strong interpersonal and communication skills, and experience in maintaining productive relationships in a matrix environment.
• Superior Excel financial modeling skills.  Comfortable with the following functions to operate and enhance existing models and build new ones as needed:
  • Data analytical functions including Pivot Tables, data lookups
  • Data processing functions such as Sumifs, Index, Indirect, etc.
  • Data automation tools such as Tables, Macros and VBA
• Experience using large financial and integrated enterprise systems such as SAP is an asset.
• Background in corporate development or actuarial science is an asset.
• A strong drive and a high level of energy and enthusiasm to take on complex and challenging situations in a dynamic organization.
• A demonstrated capacity to be innovative, generate new approaches and strategies that challenge the status quo.

The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.

What Makes a Career at OPG Different?

As Ontario’s largest clean energy generator, we’re building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.

At OPG, our values are our strengths.  They are fundamental truths about our organization that don’t change: 

Safety – it’s our business
Integrity – always lead with integrity
Excellence – never satisfied with good enough
Inclusion – working together for powerful outcomes
Innovation - creativity accelerates possibility

Here's why OPG might just be the ideal workplace for you:

• Exceptional range of opportunities province-wide
• Long-term career growth and development opportunities
• Electricity is vital to the province and OPG’s clean electricity is helping decarbonize other sectors.

Our promise to you:

• We care about the safety and the well-being of our employees. It is our utmost priority.
• A supportive work environment where you can be your best every day.
• Opportunities to stretch and develop.
• Offer different ways for you to give back to communities where we operate.
• Partner with Indigenous communities and support local businesses.
• We support employment equity, diversity and inclusion.

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.

APPLICATION PROCESS

Please submit your application online at https://jobs.opg.com/ by 11:59 PM E.S.T., November 6, 2024.  OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.

#LI-Hybrid

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The base salary range considers many factors including, but not limited to experience, education, and training, including any collective agreement requirements for union represented positions. It is not typical for the salary to be offered near the top of the range, and salary is dependent on numerous factors. For management roles, the base salary range does not represent the total compensation package. The total compensation package for regular full-time management roles includes pay-for-performance programs for annual and medium time periods. Maintaining a high-performance culture and excellence is a core expectation of every member of our leadership team and is rewarded through the established compensation framework.

OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code/Canadian Human Rights Act.