Manager, Capital Assets

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 Director Financial Planning and Analysis and is responsible for the accounting, monitoring, and reporting of lifecycle of capital assets, financial analysis of capital asset costs, management of financial obligations related to capital assets and providing financial support to other groups in Elexicon Energy, particularly Asset Management and Distribution Operations and Regulatory Affairs.

DUTIES AND RESPONSIBILITIES

Capital Asset Accounting, Reporting and Analysis

- Directs and manages the timely and accurate capitalization of Elexicon Energy’s physical and intangible assets. Assists operations in the execution of the capital program through timely reporting and financial insights.

- Manages accounting lifecycle of capital assets including construction work in progress, depreciation, retirements, removals and asset retirement obligations.

- Manages and performs financial analysis related to capital and reporting for internal management and external purposes.

- Manages financial obligations and claims related to capital assets including project and job cost invoicing, collections and receivables.

- Provides support and accounting guidance to the departments responsible for executing capital programs.

- Manages and directs the Economic Evaluation (EE) model for customer driven projects in conjunction with operations partners and ensures timely and accurate processing of models for Offer to Connect (OTC) inputs and subsequent rebate analysis of the projects.

- Implements and monitors controls and procedures to ensure proper segregation of capital assets by entities; regulatory requirements; and timely execution collection and receivables activities.

- Manages and provides support for the development of the capital program and partners with asset management and operations on assisting with the financial assumptions of the capital program

- Assists with Reporting and Record Keeping Requirements (RRR) for capital related items for the Ontario Energy Board (OEB) and keeps updated on the regulatory matters affecting capital reporting

- Supports the rate application process with the OEB. Implements processes and ensures accurate tracking and recording of capital as determined by OEB decisions (e.g., Incremental Capital Modules (ICM), capital deferred variance accounts (DVAs) etc.)

- Supports ad hoc corporate initiatives as required

Innovation and Organizational Effectiveness

- Promotes team development and coaching of staff.

- Recommends improvements to operational processes and technologies.

- Fosters creativity and innovation and actively looks for new ideas to improve the operation of the unit.

- Identifies opportunities to improve the quality of the business unit’s operations and the efficient utilization of resources.

- Sets the tone and fosters a culture that promotes ethical practices, the Corporation values including the Code of Ethics and Business Conduct of the enterprise.

- Ensures compliance with applicable laws and regulations.

WHAT YOU NEED TO BE SUCCESSFUL

- Related experience (6+ years) in a management role.

- Strong leadership, people management, analytical and organizational skills.

- Good understanding of International Financial Reporting Standards (IFRS)

- Knowledge of the OEB’s Accounting Procedures Handbook and regulatory accounting experience is an asset.

- Strong communications and interpersonal skills, along with experience with ERP.

- Knowledge of the operations of utilities and the industry in Ontario is an asset

MINIMUM REQUIREMENTS

- Possession of a recognized Professional Accounting Designation (e.g., Chartered Professional Accountant), or a combination of relevant education, training and experience.

- Minimum of 5-7 years of experience in a similar role, preferably within the utilities or energy sector.

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 HR@elexiconenergy.com and we will work to meet your needs.

We thank all applicants; however, only those to be considered will be contacted.