Director Business Planning & Reporting

Location:

Toronto, ON, CA, M5V 1X6

Req ID: 47549

Status: Regular Full Time

Working Conditions: On-Site

Education Level: Post Secondary Education in Engineering, Business, Finance or Law

Base Location: Oshawa, ON

Temporary Work Location: Toronto, ON

Travel: No travel

Deadline to Apply: July 22, 2024

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.

ACCOMMODATIONS

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 requireinformationin a format that is accessible to you, please contact AODA@opg.com

This position is moving to OPG Corporate Headquarters: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to electrify life in one generation . This position will be temporarily based in Toronto , ONuntil the move to Headquarters in the Summer of 2025.

JOB OVERVIEW

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Director Business Planning & Reporting.

Reporting to the VP Business Planning and Reporting, the Director Business Planning & Reporting will support in planning and controlling financial expenditures by carrying out economic studies, preparing consolidated budgets and business plans, and providing financial analysis/review/ assessment to the CFO and President on business planning, and budgets, investment proposals and strategic issues/initiatives.

This is an exciting opportunity to work in an environment where you will contribute to OPG’s public outreach, engagement and education efforts as part of the company’s commitment to growing its social license.

KEY ACCOUNTABILITIES

• Provide business and project assessment capability, complete assessments of competing alternatives and recommend options which maximize value creation.

• Ensure controls and processes are in place for accurate and efficient planning and performance reporting.

• Elevate the function to be accountable to set standards and practices to be used throughout a process and be accountable to evaluate and redirect others in the organization if standards and expectations are not met.

• Responsible for external benchmarking processes on key business unit benchmark metrics used by senior executives to set business planning targets. Establish processes to facilitate benchmarking of OPG performance.

• Ensure the creation of accurate and reasonable performance targets and plans given business strategies being undertaken, benchmarking and recent operational history.

• Recommend a framework for the allocation and management of OPG's resources when required.

• Ensure integration of key elements of the corporate strategy into the business planning process in determining the key result areas, indicators, and measures for use in performance target setting.

• Ensure co-ordination and assessment of materials for use in management decision making forums. This includes co-ordinating planning assumptions, the impacts of corporate initiatives, and identification of emerging issues for use in setting corporate targets.

• Provide instructions and guidelines for issue to organizational units to enable preparation of business unit plans.

• Oversee, facilitate, lead, own, accountable for 'communication of key elements of the business planning process to OPG's Board, internal and external stakeholders, including preparation of OPG's corporate business plan documentation and other financial planning materials.

• Oversee, facilitate, lead, own, accountable for ' OPG's OEB regulatory processes through preparation of business plans, provision of financial evidence, and by acting as a witness, as required, in rate hearings.

• Develop and implement key corporate financial initiatives, on an integrated basis that encompasses planning processes, cost allocations, return on assets, etc.

• Manage performance reporting for all Corporate and Business Units to meet internal and external reporting requirements

• Determine the performance reporting requirements of Corporate and the Business Units, in conjunction with the line organization, executive management and the Board of Directors

• Develop Performance Reporting standards and processes to facilitate consistent performance monitoring, reporting, assessment and redirection, including ownership and administration of all performance management system solutions.

• Make recommendations related to the re-engineering of corporate financial management processes: Business planning; Performance Reporting

• Challenge OPG leadership team to ensure that reasonable business alternatives have been reviewed or considered when making decisions as they relate to strategies, investments, operational decisions, etc.

• Track and take appropriate corrective action in response to identified business plan issues that impact the organization.

• Facilitate the continuing cultural change within the Company to instill more business and financial acumen into managers across the business. Includes the introduction of progressive processes (such top-down gap-based business planning) and the delivery of a new and more efficient Business Planning process.

• Liaise with external parties on Business Unit metrics and related matters

• Ensure the development & maintenance of an in-depth knowledge of industry and industry trends as it relates to financial forecasting.

• Ensure the development, consolidation and co-ordination of business unit plan assessments to ensure their consistency with corporate strategic direction.

• Provide impacts of changes in Corporate-level planning assumptions (e.g. financing rates, sales, payroll burden, accounting changes) to support development of Corporate-level financial targets.

• Monitor the financial performance of the Corporation and provide early warning signals of material risk.

• Develop long-term financial data consistent with the business plan.

• Participate in studies of major corporate significance to provide Corporate Finance input.

• Provide update cash flow information to Treasury on a regular basis

EDUCATION

• Bachelor’s degree in Finance, Economics, Business Administration (or a related field);

• CPA, or Master’s degree or MBA is preferred.

QUALIFICATIONS

• A seasoned financial professional with a robust background in economic studies, budgeting, and financial analysis.

• Demonstrated experience in providing strategic financial insights to senior executives and possess a keen ability to benchmark and assess business performance.

• Expertise in developing and implementing corporate financial initiatives and your ability to drive continuous improvement in planning processes are crucial.

• A proactive leader and agent of change, adept at structuring integrated business planning and performance management processes that align with corporate strategies.

• Strong communication skills and a collaborative mindset, you excel in coordinating across organizational units and external stakeholders, ensuring accurate and efficient planning, performance reporting, and strategic decision-making.

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

What Makes a Career at OPG Different?

As Ontario’s largest clean energy generator,we’re building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.

At OPG, our values are our strengths. They are fundamental truths about our organization that don’t change:

Safety – it’s our business

Integrity – always lead with integrity

Excellence – never satisfied with good enough

Inclusion – working together for powerful outcomes

Innovation - creativity accelerates possibility

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 and OPG’s clean electricity is helping decarbonize other sectors.

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.

• Offer different ways for you to give back to communities where we operate.

• Partner with Indigenous communities and support local businesses.

• We support employment equity, diversity and inclusion.

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.

APPLICATION PROCESS

OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code/Canadian Human Rights Act.

OPG is partnered exclusively with Odgers Berndtson on this search. Applications are encouraged immediately and should be submitted directly via https://careers.odgersberndtson.com/en-ca/job/29552/ prior to July 22, 2024. If interested, please submit your cover letter and resume. We thank all those who express an interest; however, only those chosen for further development will be contacted.

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