Title: Manager, Financial Planning & Analysis

Location: Toronto, ON

Job Type: Full-Time – Hybrid (3+ days/week in office)

Travel Requirement: Up to approximately 10%

Join the Clean Energy Revolution!

Are you ready to shape the future of sustainable energy? Hydrostor, a pioneer in Advanced Compressed Air Energy Storage (A-CAES) systems, is seeking a Manager of Financial Planning and Analysis to join our team in our Toronto head office. We’re enabling the energy transition to a cleaner, more reliable electricity grid, and invite you to be at the forefront of this groundbreaking journey.

Why Hydrostor?

Our cutting-edge A-CAES technology is uniquely positioned to revolutionize the energy landscape. Join us as we lead the way in shaping a greener, more sustainable future.

Your Mission

We are seeking a dynamic and strategic Manager of Financial Planning and Analysis to join our team. Reporting to the Vice President, Finance, this role holds a key position within our organization. The primary purpose of this role is to contribute to the company's financial goals and objectives by leading the budget and forecasting process, budget-to-actual reconciliation, reporting, and ongoing re-forecasting. This role will interface with accounting and partner with all internal functions to provide corporate and function-specific forecasting and analytics. As a crucial member of the finance team, the Manager will lead efforts to assess and refine our current General Ledger hierarchies by function, enhancing efficiency and accuracy.

Your Day-to-Day Adventures

• Budgeting and Forecasting: Lead the development, consolidation, and analysis of annual budgets, ongoing re-forecasts to adapt to changing business conditions, and long-term plans. Collaborate with functional teams to ensure accurate and timely inputs, providing real-time visibility into financial performance.
• Budget-to-Actual Reconciliation and Reporting: Oversee the reconciliation of actual financial results against budgets and forecasts. Prepare comprehensive and accurate financial reports and analytics.
• Continuous Improvement: Evaluate and refine the existing General Ledger hierarchies by function, ensuring alignment with functional preferences and evolving business needs. Collaborate with stakeholders to streamline FP&A and budget approval processes and enhance financial reporting efficiencies. Implement best practices to ensure the department operates at the highest level of effectiveness.
• Cross-Functional Collaboration: Act as a liaison between the Finance team and other internal departments. Facilitate communication, share insights, and ensure accurate financial information flow across the organization.
• Ad-Hoc Financial Analysis: Undertake ad-hoc financial analysis and projects as requested by senior management. Provide timely and insightful responses to inquiries, contributing to effective decision-making across the organization.
• Support for Due Diligence and Corporate Fundraising: Support the Corporate Finance team with the due diligence process for project finance initiatives and corporate fundraising activities. Collaborate with internal teams to analyze financial data and projections and provide updates on assumptions. Ensure accuracy and completeness of financial information for prospective investors, lenders, or partners. Provide comprehensive financial analysis and support in the evaluation of potential funding opportunities, mergers, acquisitions, or strategic partnerships.
• Leadership and Collaboration: Work closely with the VP of Finance to contribute to strategic financial planning initiatives. Foster a culture of continuous learning and development and ensure strong relationships with other internal teams.
• Action Plan Management: Develop and manage an action plan to achieve financial targets for assigned corporate functions, ensuring compliance with global FP&A processes.
• Expense Management: Implement strategies to manage and optimize operating expenses, ensuring alignment with the company's financial goals and long-term vision.
• Corporate Monthly Business Review Process: Lead aspects of, and coordinate the Corporate Business Review process, including the production of material and necessary analysis for business reviews.
• Enterprise Risk Management: Provide reporting and analytical support for the ERM risk register through collaboration with project risk management teams.
• Executive Presentations: Create professionally polished executive presentations that narrate the financial performance of the business for our C-Level executives as well as Board and Board Committees.

Who You Are

We are seeking an experienced financial professional with a proven track record in financial planning and analysis. The ideal candidate possesses strong analytical and strategic thinking skills, is able to lead the budgeting process and reconcile budget-to-actuals effectively. Attention to detail, excellent communication skills, and the ability to interface with various internal functions are key attributes. The successful candidate will demonstrate a proactive approach to financial problem-solving and exhibit the capacity to thrive in a collaborative team environment.

What You Bring

• Bachelor's degree in finance, accounting, or a related field.
• Minimum of 5 years of experience in financial planning and analysis.
• Strong hands-on modelling skills and attention to detail.
• Strong analytical and strategic thinking skills.
• Excellent communication and interpersonal skills.
• Advanced computer skills with an ability to manipulate large data sets in Excel.
• Proven ability to lead the budgeting process and reconcile budget-to-actuals.
• Experience developing high quality executive reporting packages.
• Professional certifications (CFA, CPA) are preferred.

To Apply:

To apply for this position, submit your resume by clicking “Easy Apply”.

We thank all applicants for their interest, however, only those selected to move forward in the interview process will be contacted.

For more information on Hydrostor and the exciting journey we’re on, visit our website at www.hydrostor.ca

Equal Opportunity Employer

At Hydrostor, we know that fostering an inclusive workplace, which values diversity, inclusion, and belonging is paramount to our success.

To fulfill our mission, our goal is to attract people who come from all backgrounds and walks of life, who bring diverse perspectives with wide-ranging experiences, and who share in our common passion to drive innovation and change the global energy landscape.

Hydrostor proudly embraces the principles of equal opportunity and inclusion. We are committed to providing opportunities for all employees and candidates. We ensure that all qualified applicants are considered for employment without regard to race, creed, colour, religion, gender, gender identity, gender expression, age, sexual orientation, national origin, marital status, parental, pregnancy, citizenship status, veteran status, disability, or any other protected status protected by applicable law.

Hydrostor is committed to making our application and interview process accessible to everyone, and we encourage applications from people with disabilities. If you require reasonable accommodation at any stage, please contact us at careers@hydrostor.ca. In your application, we welcome you to specify your preferred pronouns (e.g. she/her/hers, he/him/his, they/them/theirs, etc.).