Manager, Rates & Settlements

Manager, Rates & Settlements

Alectra is committed to putting our people first in providing a positive employee experience and a safe work environment. Our Hybrid Workplace policy allows for an effective balance for employees with the opportunity to work in a hybrid environment; a combination of Remote / In-office work based on operational requirements.

Position Purpose:

The Manager, Rates & Settlements leads the rates and settlements portfolio by managing resources and processes to ensure accurate, timely reporting to external regulatory authorities and internal stakeholders. This role ensures that distribution rate-setting initiatives align with financial planning, budgeting, and investment activities, contributing to the overall success of Alectra’s corporate strategies.

Responsibilities:

Strategic Leadership

• Develop financial plans and annual business plans for regulatory-related elements, ensuring alignment with corporate strategies.
• Build and maintain strong relationships with regulatory authorities and industry stakeholders, staying ahead of evolving policies and regulations.
• Provide strategic insight on industry policy decisions and implement regulatory practices to support sustainable revenue levels for distribution services.
• Lead and support the preparation, submission, and defense of rate applications, including rebasing and IRM applications.
• Represent the organization in industry working groups to influence policy development and implementation.

Regulatory Compliance & Financial Reporting

• Oversee regulatory accounting, settlements records, and revenue reporting in compliance with OEB and IESO rules, codes, and standards.
• Manage the regulatory-related aspects of internal and external financial reporting and ensure alignment with IFRS/MIFRS standards.
• Ensure accurate and timely submissions to the Ontario Energy Board (OEB), including Reporting and Record Keeping Requirements.

Rates, Settlements, and Customer Support

• Support the development of load forecasts and distribution revenue budgets by analyzing trends and reviewing assumptions.
• Oversee cost of power relationships with the Independent Electricity System Operator (IESO) and Hydro One, ensuring compliance and effective collaboration on settlement issues.
• Provide oversight of wholesale and retail settlement processes, including Class A customers, embedded generation, and variance management.
• Deliver customer-focused support, handling complex inquiries regarding rates and settlements for both internal and external stakeholders.
• Oversee and ensure the functionality and integration of technology systems that support rates, settlements, and financial reporting processes.

Team Leadership & Process Improvement

• Provide leadership to team members through coaching, development, resource planning, and performance management.
• Research, recommend, and implement new or improved policies, procedures, and processes to enhance operational effectiveness.
• Lead change management initiatives to support team engagement and alignment with corporate goals.
• Drive a culture of continuous improvement, promoting collaboration and accountability across the team.

Health, Safety & Compliance

• Ensure compliance with all legislative, regulatory, and health and safety standards.
• Promote and uphold a safe work environment by adhering to Alectra’s corporate health and safety policies.

Qualifications, Knowledge, Skills and Competencies:

Education & Specialized Knowledge

• Bachelor’s degree in Business Administration, Finance, Economics, Accounting, or a related field.
• CMA, CGA, CA, CPA designation and/or MBA or P.Eng. is an asset.
• Strong knowledge of regulatory and governmental requirements, including the Retail Settlement Code, Distribution Settlement Code, Standard Supply Service Code, and Market Rules.
• In-depth understanding of the electricity-regulated industry, including rate design and cost allocation methodologies.

Experience

• Minimum 5 years of leadership or management experience, preferably in finance or regulatory environments.
• Experience working in a regulated utility environment with MIFRS/IFRS reporting is an asset.
• Demonstrated ability to interpret and apply legal statutes and regulations.
• Familiarity with IESO wholesale market operations.
• Experience working with ERP, CIS, and settlement systems such as Oracle JD Edwards, CC&B, and LPSS.
• Proficiency in Microsoft Office applications.

Skills & Competencies

• Strong strategic and analytical problem-solving abilities with a focus on innovative solutions.
• Proven ability to lead and engage teams through change, fostering collaboration and development.
• Excellent planning and organizational skills, with the ability to manage multiple priorities effectively.
• Exceptional written and verbal communication skills, capable of tailoring messaging for diverse audiences.
• Strong negotiation and conflict resolution skills, with the ability to influence decisions and resolve complex issues.
• Ability to drive performance excellence while maintaining a customer-focused approach.
• Valid class "G" driver’s license.

How to Apply

If you would like to be considered for this position and meet the qualifications, please submit your resume by visiting our Careers page at https://www.alectra.com/careers. Alectra is an equal opportunity employer and is committed to providing a recruitment process that respects the dignity and independence of all candidates. Alectra will consult with all applicants who request accommodation during the recruitment process to ensure that the accommodation provided takes into account the applicant's individual accessibility needs, to the point of undue hardship.

We thank all applicants for their interest in a career with Alectra. Only those selected for an interview will be contacted.