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From Numbers to Impact: Andrew Belsito’s Story

Andrew Belsito graduated from Algoma University with a Bachelor of Business Administration, specializing in Accounting in 2011. Andrew chose to pursue study in accounting because he excelled in accounting and math classes during high school. Being born and raised in Sault Ste. Marie Andrew thought Algoma U would provide the education he was looking for while being able to remain in his hometown. Growing up, Andrew never thought about finance as a potential career. However, after completing high school, he became aware of the diverse career opportunities within the field and saw it as a promising direction worth exploring.

Andrew has spent his professional career in finance working as a Senior Financial Analyst at OLG, a Rates and Regulatory Affairs Officer at PUC, and a Mill Controller for the departments of Steelmaking, the Slabcaster and the DSPC at Algoma Steel. In February of 2023, Andrew became a Project Controller at Algoma Steel where he manages the capital budget, tracks cash flow, forecasts financial needs, and ensures projects stay within the financial constraints. Currently, Andrew is overseeing the financial management of Algoma Steel’s new Electric-Arc-Furnaces (EAFs). Algoma Steel is currently constructing two new state-of-the-art EAFs to replace the existing blast furnace and basic oxygen steelmaking operations. The EAF transformation is expected to reduce Algoma’s carbon emissions by approximately 70% and will be one of Canada’s largest greenhouse gas reduction projects. He monitors this project’s progress and performance, collects data, and generates reports that highlight key metrics, risks, and opportunities.

Andrew says the Bachelor of Business Administration program provided him with the academic toolbox needed to further his education in attaining his Chartered Professional Accountants Designation (CPA), which was a requirement for his role at Algoma Steel. The Co-op Certificate prepared him by allowing him to gain over one year of industry experience before graduating which helped him secure a full-time job after he completed his degree.

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