Senior Financial Regulatory Analyst in Surrey

As the province’s largest energy provider with more than 100 years of knowledge and experience, we proudly deliver renewable energy, natural gas, electricity and propane to 1.3 million customers.

We're actively seeking new talent to join our mission of delivering a stronger energy future in B.C. As one of BC's Top Employers with a diverse team of over 2,800 employees, we are committed to a safe and inclusive culture where each of us can connect, belong, and grow. Join us, and together, let's shape a brighter future for B.C.

Position Overview

Prepares the financial section of Rate Applications for the Fortis group of companies by developing or revising computer models utilizing data extracted from corporate models, financial statements, general ledger, and Statistics Canada within strict time limits. This includes:

• Interviewing management staff to determine updated financial and consumption forecasts;
• Revising items such as taxes, depreciation, deferred charges and non-utility items to conform to regulatory requirements;
• Producing “what if” scenarios on items such as return on equity, interest rates and expenses by altering input parameters as necessary.

Provides consultative advice on interpretation of BCUC decisions and orders, analyzing and reporting on appropriate regulatory treatments and recommending internal procedures, methods and strategies to ensure proper compliance. Conducts special regulatory studies by developing computer models to analyze and evaluate the impacts of company initiatives and their effect on customer rates to ensure achievement of financial and regulatory objectives. Examines and controls monthly General Ledger (G/L) balances and manual journal entries, ensures amounts meet financial tests for reasonableness; investigates reasons for anomalies; determines correct amounts and follows up to ensure reconciliations are complete and accurate. Prepares a variety of associated budgeting, internal management and regulatory reports; prepares monthly journal entries and coordinates the inter-company billing processes. Maintains and updates the forecasting model for BC Gas Utility, including understanding the implications of and reporting on actual variances against forecasted results. Calculates and maintains analysis of complicated accounting activities such as interest deferral mechanisms as well as ensuring compliance with GAAP and BCUC orders. Prepares regular variance reviews in association with Business Leaders and Managers, including participating in the analysis of activities, unit costs and program expenditures to explain variances and recommend remedial action. Responds to a variety of inquiries related to FortisBC Operations. Compiles information, ad hoc data extracts and reports in response to various inquiries from management as well as external bodies such as auditors, the BCUC, and other government agencies. Accesses privileged and confidential information as required in order to perform assigned duties. Prepares working papers and analysis for the interim and year-end audit requirements and responds to internal and external audit requests and inquiries. Maintains a current knowledge of applicable FortisBC financial accounting systems, policies and procedures. Acts as an expert to the Finance group, advising as required on financial and accounting matters as well as advising the Operations group regarding the application of financial accounting procedures to aid in the understanding and effective use of financial reports and other activity related information. Acts in a back-up capacity for and provides support to the Department’s Financial Accounting Analyst 2’s. May perform duties largely similar to those whose work s/he directs, particularly duties of a Senior Rates Analyst. Performs duties of a minor nature related to the above duties, which do not affect the rating of the job.

Responsibilities

• Completion of Bachelor’s Degree in Accounting, Finance, or related field from an accredited post-secondary institution.
• Completion of a recognized professional designation (CPA).
• Three (3) years’ experience in accounting at a senior level including at least two (2) years with a strong emphasis on financial analysis.
• Advanced level of computer literacy, including advanced knowledge of spreadsheet and database software in use in the department.
• Ability to gather and analyze information to understand problems and/or opportunities and develop and implement creative and pragmatic solutions.
• Ability to independently plan, prioritize and coordinate a diverse set of activities to consistently meet targets in an environment that includes changing priorities, time demands and frequent interruptions.
• Ability to write concise, clear and grammatically correct communications (reports, memorandums, summaries, etc.) and present them in a professional and diplomatic manner.
• Valid British Columbia driver’s license.

Our engaging workplace offers a wide range of challenging opportunities, while being safe, inclusive, and diverse. We offer a competitive salary and benefits package, while supporting life-long career development. We also encourage volunteerism and nourish the need to give back to your community.

FortisBC acknowledges and respects Indigenous Peoples in Canada, on whose Traditional Territories we all live and work. FortisBC is committed to Reconciliation with Indigenous Peoples and is guided by our Statement of Indigenous Principles.