Crown Royalty Analyst

Cenovus Energy•Calgary, AB

3d•Onsite

About The Position

The Royalty Accounting team is seeking a Crown Royalty Analyst to support our Oil Sands Royalty (OSR) and Conventional royalty accounting activities. This role is responsible for applying strong analytical and financial skills to ensure accurate royalty calculation, reporting, and compliance with regulatory requirements. The successful candidate will work cross-functionally with Finance, Operations, and Regulatory teams to support cost analysis, project applications, and ongoing royalty administration, while contributing to process improvements and developing a strong understanding of OSR and conventional royalty frameworks.

Requirements

Legally authorized to work in Canada
Bachelor of Commerce (Accounting or Finance) or equivalent experience
Minimum of 5 years of oil and gas accounting experience
Strong proficiency in Microsoft Excel, SAP, and Power BI
Strong communication, organizational, and interpersonal skills with the ability to work independently and manage competing deadlines

Nice To Haves

CPA designation
experience in crude oil marketing
Working knowledge of Qbyte and Databricks
Understanding of Steam Assisted Gravity Drainage (SAGD) operations, OSR (Oil Sands Royalty) and conventional royalty regulations

Responsibilities

Partner with Marketing to ensure accuracy and completeness of downstream data inputs, including sales, diluent, and transportation
Complete monthly and/or quarterly royalty variance analysis, account reconciliations, and monthly royalty accruals
Prepare, review, and submit regulatory filings and reports, including Good Faith Estimate (GFE) forms to the Alberta Department of Energy, End of Period Statements (EOPS) for OSR reporting, Cost Analysis and Reporting Enhancement (C.A.R.E.), and other regulatory submissions as required
Coordinate, prepare (with internal and external input), and submit OSR project applications
Prepare and submit MRF drilling and completion costs to government and support Gas Cost Allowance (GCA) filings
Support the Crown Royalty Audit function by providing analysis and supporting documentation, including analysis, coding, and preparation of payment requests for conventional Crown invoices
Collaborate with Capital and Operating Accounting teams to ensure accurate royalty payable and expense reporting
Research and interpret legislation, guidelines, and industry publications related to OSR and conventional royalty frameworks, and provide insights and analysis to internal stakeholders (Operations, Finance, Treasury, Investor Relations, Regulatory) while supporting ad hoc projects and process improvement initiatives