Glen McAllister

Promoted to lead strategic direction of the Finance and Regulatory departments, for 3 corporations. Supervised team of 11 staff members. Reported directly to the President/CEO, presented financial insights and strategic recommendations to the Board of Directors.

Regulatory Compliance and Board Reporting: Served as corporate officer with fiduciary oversight for 3 companies, reported to the Board of Director and ensured full regulatory compliance (OEB, IESO)

Financial Strategy: Obtained long-term financing for InnPower and InnServices through a 5 year financial roadmap, increasing liquidity and project viability.

Financial Planning and Budgeting: Directed annual operating and capital budgets over $100 million, implemented rolling forecasts, and lead development of 10-year financial strategy.

Audit Leadership: Led successful external audits with zero findings, mitigating organizational risk and ensuring full compliance. Implemented audit recommendations, strengthening internal controls and enhancing financial transparency.

Policy Development: Authored and implemented accounting and regulatory policies aligning with GAPP and organizational goals.

Rate Application: Led team-wide collaboration on Ontario Energy Board rate application, resulting in 1% decrease in approved rates.

Internal Controls: Conducted risk assessments and recommended financial control enhancements, reducing compliance risk and increasing process efficiency.

Capital Project Funding: Secured $60 million in government and private funding for financial plan execution. Led financial planning and finding negotiations with 6-person team for development, enabling long-term infrastructure expansion.

• Ensured compliance with the Ontario Energy Board and Independent System Operator
• Assisted with the audit of financial and accounting processes
• Established and maintained appropriate internal control safeguards

• Oversaw the Finance Department and staff including Reception, Accounts Payable/Receivable, Property Tax, HR/Payroll
• Prepared reports for Council regarding financial matters
• Presented budgets, accounts, management accounts and financial statements to Council
• Implemented and ensured adherence with financial controls and systems

• Completed municipal and not-for-profit audits
• Assisted with special internal audits, as required
• Ensured compliance with established internal control procedures