Business Development Associate

Devon Energy•Houston, TX

About The Position

At Devon, we will offer you a career full of energy and unmatched opportunities to solve today’s greatest challenges. Innovation, creative problem-solving and positive change happen when people step out of their comfort zone and think differently. Our values, workplace practices, wellness programs, benefits and compensation are aimed at helping employees manage their unique personal life and care for their families so they can focus on contributing to the fullest. The Corporate Development Professional is responsible for delivering rigorous financial analysis to support Devon's M&A and A&D transaction activity. Working under general supervision, the role builds and maintains financial models — DCF, NAV, comparable company and transaction analyses, and pro forma frameworks — that underpin investment decisions across Devon's evolving corporate development mandate. The role supports the full transaction lifecycle from opportunity screening through due diligence and execution, and contributes to building the analytical infrastructure and workflows that enable Devon's Corporate Development team to evaluate and lead deals at scale.

Requirements

Bachelor's Degree in Finance, Engineering, or Business required
3+ years in investment banking, private equity, or corporate development, with meaningful exposure to E&P M&A or A&D transactions
Demonstrated financial modeling experience — DCF, NAV, comparable analysis — required
Familiarity with Enverus, FactSet, or Bloomberg preferred
Financial Modeling (DCF, NAV, Comps)
E&P Valuation and Transaction Analysis
A&D and Corporate M&A Execution
Pro Forma and Accretion/Dilution Analysis
Data Analysis & Market Intelligence
Mergers and Acquisitions
Analytical Rigor
Business Acumen
Results Oriented
Oral & Written Communication
Active Learning

Nice To Haves

Familiarity with Enverus, FactSet, or Bloomberg preferred

Responsibilities

Builds and maintains financial models to evaluate acquisition, divestiture, and merger opportunities — including DCF, NAV, accretion/dilution, contribution analysis, and comparable company and transaction frameworks
Supports preparation of investment screening materials, pro forma financial analyses, and transaction presentations for senior leadership and the Board
Participates in due diligence processes — synthesizing reserve and engineering inputs, financial data, and counterparty information into investment-ready analysis
Assists in developing and maintaining the analytical infrastructure of the Corp Dev team, including standardized model templates, comps libraries, and diligence frameworks
Monitors E&P market activity — public company transactions, A&D deal flow, equity performance, and commodity trends — to identify opportunities and inform deal positioning
Supports preparation of bid packages, IOIs, and LOIs on A&D transactions, coordinating with land, engineering, and legal counterparts
Maintains relationships with energy investment banking and advisory professionals to stay current on deal flow and market intelligence
Collaborates with Finance, Strategy, and Engineering to ensure analytical inputs reflect current operational and financial assumptions