Supervisor, Regulatory Finance & Compliance
Job Posting: Supervisor, Regulatory Finance & Compliance
Reports To: Director of Finance
Location: Cobourg, Ontario
About Us
Lakefront Utility Services Inc. (LUSI) is a progressive, multi-service utility based in Cobourg, Ontario. We deliver essential electricity and water services to the communities we serve and support our municipal partners through innovation, resiliency, and regulatory excellence. LUSI is committed to safety, reliability, cost-effectiveness, and forward-thinking solutions, including intelligent grid systems and sustainable energy and water initiatives. As a regulated utility operating within the Ontario Energy Board (OEB) framework, we maintain high standards of governance, compliance, and operational integrity. For more information, visit: www.lakefrontutilities.com

Position Summary
The Supervisor, Regulatory Finance & Compliance, plays a key role in supporting regulatory strategy, financial reporting, and compliance within a regulated electricity and water utility setting. Working closely with the Director of Finance, this role contributes to regulatory filings, financial oversight, and stakeholder engagement while ensuring alignment with requirements set by the Ontario Energy Board and other industry bodies.

Key Responsibilities
Regulatory Filings & External Reporting
Lead the preparation, analysis, and submission of regulatory filings and supporting documentation to the Ontario Energy Board (OEB), Independent Electricity System Operator (IESO), and other regulatory bodies
Prepare clear, well-supported applications, including rate filings, license applications, and regulatory submissions
Coordinate monthly, quarterly, and annual reporting requirements, including Reporting and Record Keeping Requirements (RRR) filings
Contribute to external consultations, industry proceedings, and regulatory discussions

Regulatory Accounting & Financial Close




Oversee monthly regulatory accounting processes, including analysis of distribution revenue, energy revenue, cost of power, and regulatory balances
Prepare and review journal entries, general ledger reconciliations, and supporting documentation
Monitor and reconcile deferral and variance accounts (DVA) in accordance with regulatory guidance
Manage settlements and financial transactions with market operators and counterparties

Financial Reporting & Analysis
Oversee monthly, quarterly, and annual financial close processes
Ensure compliance with IFRS and internal accounting policies
Support the preparation of financial statements and management reporting packages
Support the development of multi-year business plans, annual budgets, and periodic forecasts
Perform variance analysis and provide insights into key financial and regulatory drivers
Conduct ad hoc financial and regulatory analysis to support decision-making

Compliance & Controls
Ensure adherence to regulatory requirements, internal controls, and accounting standards
Maintain ingoing awareness of regulatory changes to ensure continued compliance
Coordinate with external auditors and support audit processes
Assist with implementation of new accounting standards and regulatory requirements

Process Improvement & Documentation
Review, assess, and enhance regulatory accounting and billing processes and procedures
Maintain accurate records and documentation to support audits, filings, and internal reviews

Stakeholder Engagement




Act as a key liaison with regulators, auditors, and internal departments
Build and maintain effective working relationships with external stakeholders and industry participants
Provide financial and regulatory insights to senior management

Leadership and Team Management
Supervise and mentor accounting team
Review teamwork for accuracy and compliance
Foster accountability, collaboration, and continuous improvement
Lead/support special projects in regulatory accounting, systems, and processes
Communicate effectively with internal and external stakeholders
Apply business and financial expertise to support regulatory and operational goals

Qualifications, Experience & Competencies
CPA Designation (required)
5+ years of progressive experience in accounting, regulatory, or utility environments
Solid knowledge of Ontario’s regulated utility framework and rate-setting methodologies
Experience with regulatory filings, RRR reporting, and deferral/variance accounts
Familiarity with regulatory codes and industry practices is an asset

Why Join LUSI?
Executive-level impact in a critical infrastructure organization.
Direct exposure to Board governance and regulatory oversight.
Leadership opportunity within a community-focused municipal utility.
Ability to shape organizational culture, safety performance, and workforce development.

This is a non-union position.

Salary will be commensurate with qualifications and experience.

Only candidates selected for an interview will be contacted. The successful candidate must provide a satisfactory criminal background check and three professional references. LUSI is committed to equity, diversity, and inclusion, and encourages applications from all qualified individuals. Accommodation is available upon request throughout the recruitment process.

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📌 Lakefront Utility Service Inc | Supervisor, Regulatory Finance & Compliance (Ontario)
🏢 The MEARIE Group
📍 Ontario