Igor Rusic, Cpa, C.Dir. Email & Phone Number

Milton, Ontario, Canada

Igor Rusic is the VP, Finance and Chief Financial Officer of Milton Hydro Distribution Inc. Milton Hydro Holdings Inc., through its regulated utility, Milton Hydro Distribution Inc., provides power and related services to over 40,000 electricity customers. Milton Inc. also provides innovative energy solutions to consumers through Milton Energy and Generation Solutions Inc. Igor's responsibilities principally include: supporting the strategic advancement of regulated and non-regulated portfolios; corporate governance; enterprise financial risk management; treasury including raising capital, investor, and banking relationships; supply chain, human resources; information technology; taxation; and regulatory affairs.Igor has over 15 years of experience in the electricity sector and has led and/ or supported strategic planning initiatives; mergers, and acquisitions; Cost of Service rate and other applications to the Ontario Energy Board; significant performance improvement initiatives including implementation of an enterprise resource planning system; and built high-performing supportive teams.

Mississauga, Ontario

Leading the analysis, preparation and reporting of the organization's budgets and finances. Afforded strategic oversight and direction for preparing formal business cases, analysis, business modeling, recommendations, and presentations to Senior Management to support the strategic direction of the organization. Coordinating, planning and executing the annual business planning process; including compilation of the long-term consolidated financial plan, annual budgets and quarterly forecasts.

Hamilton, Ontario

Oversee the day to day operations of corporate accounting and financial reporting resulting in accurate and timely financial statements to the shareholders. Directed the delivery of analysis, evaluation, and planning related to financing strategies, regulatory compliance, treasury, and enterprise risk management. Oversee a staff of 10 employees, including four managers responsible for the month end closing process, accuracy and productivity of day-to-day activities of A/P, cash disbursements, inventory, fixed assets, general accounting, and responsible for the coordination of the reporting and analysis of monthly financial statements; balance sheet and cash flow for seven entities and two legal entities.Accomplishments• Initiated the improvement of accounting processes to reduce work paper and documents requirements resulting in annual productivity savings of $0.5MM• Streamlined month end processes resulting in reduction in cycle times of 1 day for the delivery of Monthly financial and management reports to senior management.• Thought leader for the implementation of automated fixed asset continuity and run off schedules through Cognos resulting in annual operating expenditure reductions of $0.05MM.• Successfully implemented an improved merger tracking process through automation and process, saving two days per month and leading to accurate and timely reporting.

Hamilton, Ontario, Canada

Leading the analysis, preparation and reporting of the organization's budgets and finances. Afforded strategic oversight and direction for preparing formal business cases, analysis, business modeling, recommendations, and presentations to Senior Management to support the strategic direction of the organization. Oversight of 6 employees and $600 million budget while coordinating, planning and executing the annual business planning process; including compilation of the long-term consolidated financial plan, annual budgets and quarterly forecasts.Accomplishments• Spearheaded process-improvement projects to ensure accurate, timely data delivery, reduced production expense, and effective relationships with regulatory organizations and vendors. - Reduction in Financial Plan cycle times from 9 to 3 months - 100 percent on-time delivery of reports and support to internal customers and regulatory agencies• Successfully designed, implemented and integrated enterprise planning software (Cognos) offering tools to discover and act on new business insights, while minimizing demands on people resources.• Commitment to corporate excellence with the development of enhanced reporting to senior business unit leaders providing timely and insightful reporting.• Successfully implemented corporate consolidation software application and re-engineered closing process, resulting in reduction in closing time by 20%.• Accomplished no voluntary employee turnover and low absenteeism.

Hamilton Ontario Canada

Reporting to the Director – Business Analysis, providing leadership, direction, development and enhancement of Horizon Utilities Corporation’s budgeting, forecasting and business analysis activities. Managed and executed the annual activity-based budget process and preparation of quarterly forecasts.Accomplishments• Developed and implemented improved processes for monthly and quarterly variance reporting cycles, resulting in a 30% reduction in required closing time.• Successfully managed the budget process leading to favourable results to plan for four consecutive years.• Re-engineered five year pro forma financial reporting/ planning model to align to accurately forecast balance sheet and cash flow projections.• Expanded the distribution of operational analysis reports to drive operating efficiencies and cost reduction through automation, resulting in reduction in reporting time by 4 days per month.• Led a $600 million zero based budgeting process inclusive of activity based costing methodologies, resulting in detailed business insights on actuals to plan for business unit managers.• Received 100% positive scores on Manager feedback surveys.

Hamilton Ontario Canada

Reporting to the Manager - Finance, responsible for the integrity and accuracy of the GAAP, IFRS & Regulatory financial statements.Oversee the day-to-day operations of the Finance staff.Manage special projects (i.e. Rate Filing initiative, Smart Meter Rate Base Application).Prepare and maintain financial reports and organize the implementation of automated financial systems.Prepare high-level variance reporting for senior management.Schedule work and direct work assignments while ensuring all deadlines are met.

Hamilton Ontario Canada

Reporting to the Manager - Rates & PBR, responsible for the regulatory submissions as well as managing preparation of rates.Prepared and/or involved in the design, implementation and reporting of Cost of Service studies and Rate Filing projects in an evolving regulatory environment.Prepared budgets and variance analyses leading to more efficient and timely reporting to management.Analyzed and reconciled General Ledger accounts used for GAAP reporting as well as to Regulators.Constantly improved ways of collecting and reporting data helping facilitate improved reporting for internal and external customers.

Honours Ba, Economics

Education record