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Director, Regulated Finance

Location:

AB, Calgary

Job type:

Permanent

Job DescriptionDE Residential is the largest residential energy retailer in North America based
on customer numbers. It provides innovative products to help manage home energy
usage, while offering natural gas and electricity pricing plans with fixed and
variable price options.
Requirements

Minimum Qualifications:

Education:

  • Undergraduate degree in Accounting;
  • Professional accounting designation is required; Experience:
  • Minimum 8-10 years post designation experience within a controllership and/or senior finance role in a large organization ($500MM+);
  • Highly skilled professional accountant with a broad cross section of experience that includes a thorough comprehensive knowledge and understanding of Canadian GAAP and IFRS, financial reporting, budgeting, internal controls, accounting policies and procedures, and tax and regulatory requirements;
  • Minimum 5 years of leadership experience with demonstrated skills in mentorship, coaching, influence and change management, and individual initiative;
  • Proven project management skills with the ability to lead strategically, combined with the technical depth to provide hands on support and guidance when needed;
  • Experience working in a multi-location, multi-entity corporate structure operating in Canada and the United States with multiple business combinations and stakeholders;
  • Experience working with ERP systems, preferably with SAP. Competencies and Attributes:
  • Advanced financial accounting, reporting and analytical review skills;
  • In depth understanding of Canadian GAAP and IFRS;
  • In depth understanding of income tax and sales tax regulations;
  • Strong leadership skills with a participative management style and an advocate of open, honest and consistent communication;

Responsibilities

Reporting to the Head of NA Financial Operations, the Regulated Accounting director is the most senior financial leader in Alberta for the organization’s Canadian business division. This individual will be responsible for all financial accounting, reporting, planning and internal controls, as well as all change management and people leadership/development from finance and accounting perspective. Within this performance-oriented culture, the Director, Accounting will ensure that all financial and accounting policies are consistently and accurately implemented and that all reporting is completed with strict adherence to Canadian GAAP and IFRS. In this highly visible role, this person will be responsible for implementing best practices and continuous financial process improvement, and will have frequent and direct access to the senior leadership team.

Essential Functions:

  • Manage the financial accounting and reporting processes including preparation of period end financial statements and required variance analysis and support for all internal and external stakeholders;
  • Lead all planning and forecasting processes, including maintenance and improvement of excel based planning models while utilizing SAP reporting tools;
  • Oversee financial accounting policies and procedures and ensure they are in accordance with sound business practices of internal control and IFRS;
  • Analyze and monitor the business’ activities to ensure all matters are appropriately reflected in the financial statements, and forecasts;
  • Provide overall Finance leadership for the regulated business which includes an understanding of the regulatory process, the application process, intervener concerns and questions while aligning to DE’s strategic positions.  This requirement includes:
    • Strong verbal communications given requirement to act as Finance Witness in front of the AUC
    • Liaise with members of the Finance team and non-Finance personnel to ensure that all regulated rate case requirements are responded to in a timely manner;
    • Sets standards of performance within the Finance team (Alberta and Houston based) expected by regulators and interveners
    • Required to provide continuity between the DE plan, actuals and the Non-Energy/Energy Applications which includes appropriate bridging between Direct Energy and Regulatory strategies/tactics;
  • Lead/participate in audits requested by the AUC/MSA;
  • Coordinate internal and external audit process requirements;
  • Provide on-going finance support on projects/initiatives related to the division;
  • Interpret and review financial and operational results with the senior leadership team, including marketplace trends, issues and opportunities;
  • Research and support significant accounting and financial reporting matters impacting the business. Work with external auditors and NA technical accounting for resolution;
  • Lead, motivate and develop a team of direct and indirect reports; develop and maintain succession plans and personal development plans for direct and indirect reports;
  • Develop and maintain clear, actionable goals and initiatives for the department that are aligned with the organization’s strategic plan, measure the group’s progress against these initiatives and adjust action plans accordingly to ensure deadlines and priorities are met;
  • Develop and manage strong working relationships with applicable stakeholders across the Division and organization as it relates to the setting of accounting policies and procedures and the analysis of financial information;
  • Anticipates, quantifies and provides solutions related to outsource provider stabilization efforts;
  • DEML contact and lead for ongoing and Ad hoc filings to Statistics Canada.

The IndividualDirect Energy and its subsidiaries are an Equal Opportunity Employer - EOE AA M/F/Vet/Disability