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Senior Financial Analyst


Pickering, ON, CA, M5G 1X6

Req ID:  29261

Job Title: Senior Financial Analyst 

Status: 12 month contract

Education Level: Bachelor Degree in Business, Finance or Accounting; Certified Financial Designation or MBA

Location(s): Pickering

Travel:  10%

Deadline to Apply:  April 20, 2021



BE THE GENERATION to challenge and change. 

At Ontario Power Generation (OPG), our values are our strengths. They are fundamental truths about us that don’t change. Safety. Integrity. Excellence. People and Citizenship.  We operate a diverse portfolio of generation assets including nuclear, hydroelectric, biomass and solar, and offer challenging and unique work opportunities. BE THE GENERATION to power tomorrow. 



Ontario Power Generation (OPG) is looking for dedicated and results driven professional to join our team in the role of Senior Financial Analyst in Pickering Ontario. 


The Senior Financial Analyst 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, and other long-term obligations.


This is an exciting opportunity to work in an environment where you will contribute to Ontario Power Generation’s continued growth and success in generating safe, clean, reliable low-cost power in a sustainable manner.



  • Lead the development of nuclear waste management and decommissioning liability estimates and contributions into the Ontario Nuclear Funds Agreement (ONFA). Assist in the preparation of briefing notes to senior management, executive approvals and other submissions to external stakeholders such as the CNSC (federal regulator), the Province of Ontario, and the OEB (Ontario Energy Board). Review documents to be submitted to ensure business interests are met.
  • Develop, integrate, operate and maintain computerized 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 such as Nuclear Waste Management and Decommissioning, Controllership and Business Planning organizations and externally with the Nuclear Waste Management Organization, which are involved or impacted by the development of OPG’s nuclear liability programs.
  • Develop business planning, budgeting and forecasting inputs related to accounting for nuclear waste management and decommissioning liabilities.
  • Support 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.
  • Support Finance and client executives in financial risk, value and impact assessments on OPG’s financial positions and results related to nuclear decommissioning and waste management activities.
  • 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.


  • Bachelor Degree in Business, Finance or Accounting
  • Certified Financial Designation or MBA



We are seeking a Senior Financial Analyst who has the following: 


  • 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 computational practices 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 cost estimate creation and maintenance, including liability models;
  • 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 interpersonal and communication skills, and experience in maintaining productive relationships in a matrix environment;   
  • 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;
  • High proficiency in MS Office, including advanced knowledge and experience working with MS Excel/Access required.  Comfortable with the following functions in order 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;
  • 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.



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


As Ontario’s largest clean energy generator, OPG offers an exciting combination of challenging opportunities and career diversity in a work environment where safety is a fundamental value. Being an OPG employee means you can apply your knowledge, broaden your skills and make a valuable contribution to an organization that is vital to Ontario's success. 

At OPG, our values are our strengths.  They are fundamental truths about our organization that don’t change.  Safety. Integrity. Excellence. People and Citizenship.  

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 


If you are looking to learn from others and be part of something important, and you are excited about the future of power generation, you will find the right fit at OPG. 

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 in our diverse lines of business. 
  • Provide spaces for innovative thinking and solutions, such as Launchpad or X-Lab.    
  • Offer different ways for you to give back to communities where we operate. 
  • We support employment equity and diversity. 



Please submit your application online at by 11:59 PM E.S.T., April 20, 2021.  OPG thanks all those who apply; however, only candidates considered for an interview will be contacted. 


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