Financial Analyst, Material Inventory

Cenovus Energy•Calgary, AB

About The Position

Reporting to the Manager, Oil Sands Capital Accounting, the Financial Analyst, Material Inventory supports accurate inventory and Property, Plant & Equipment (PP&E) reporting through strong accounting, governance, reconciliation, and controls. Working with Operations, Supply Chain, Capital Projects, and Finance teams, this role helps ensure inventory and capital asset information is complete, reliable, and effectively managed across the business.

Requirements

Legally eligible to work in Canada.
Minimum of 5 years of experience in the oil and gas industry, with a strong foundation in accounting, finance, and upstream operations.
Bachelor's degree in Accounting, Finance, or related discipline.
Highly organized, adaptable, and able to manage multiple priorities while delivering results in a fast-paced, deadline-driven environment.
Strong written and verbal communication skills, with the ability to effectively engage stakeholders at all levels of the organization.

Nice To Haves

CPA designation preferred.
Experience supporting Upstream Finance functions is considered a strong asset.

Responsibilities

Support governance, financial oversight, and reporting of working capital inventory and PP&E materials inventory across Upstream Onshore Operations and Capital Projects.
Reconcile inventory and PP&E balances to the Trial Balance and financial reporting systems, ensuring accuracy and completeness.
Validate inventory reporting and resolve discrepancies across SAP, SCM, FRP, and supporting financial ledgers.
Develop and maintain inventory accounting processes, including reconciliations, physical counts, write-offs, accruals, and variance analysis.
Partner with Supply Chain Management, Project Controls, and Finance teams to ensure inventory is accurately tracked, valued, and reported.
Establish and monitor SOX-compliant controls governing inventory, procurement, accrual, and material transfer processes.
Ensure appropriate accounting treatment of inventory-related costs, including transportation, refurbishment, project stock, warehouse inventory, and material transfers.
Drive continuous improvement, standardization, and enhanced governance of inventory controls, reporting, and capital accrual processes for accountable Oil Sands properties.