Financial Analyst, Oil Sands Capital Accounting

Cenovus Energy•Calgary, AB

3d•Onsite

About The Position

The primary purpose of the Financial Analyst, Oil Sands Capital Accounting is to ensure the accurate recording, analysis, and reporting of capital expenditures for select oil sands assets. Key responsibilities include recording accruals to reflect incurred costs, preparing and posting adjusting journal entries, and performing detailed analyses to ensure data integrity. The role also involves preparing reports to summarize capital spend, analyzing variances against budget and forecast, and providing clear, insightful commentary to support financial reporting.

Requirements

Legally authorized to work in Canada
Minimum of 5 years of experience in the oil and gas industry, with a focus on finance, accounting, and/or upstream operations.
Bachelor’s degree in Accounting, Finance, or a related discipline.
Highly organized, adaptable, and able to manage competing priorities to deliver time-sensitive work.
Strong written and verbal communication skills, with the ability to effectively engage across all levels of the organization.

Nice To Haves

CPA designation is considered an asset.
Previous experience in upstream finance is considered an asset.

Responsibilities

Prepare and analyze monthly capital accruals for assigned Oil Sands properties.
Collaborate with business partners and utilize accrual tools to develop accurate cost estimates, ensuring completeness and reliability of data.
Perform monthly cost and variance analysis, including clear explanations of capital spend and deviations from budget and forecast.
Partner with the business to set up and review WBS elements and AFEs for capital projects.
Support Monthly Performance Management Reporting (PMR) requirements.
Prepare and post journal entries to ensure accurate financial reporting.
Participate in quarterly financial statement reviews and provide relevant information for areas of accountability.
Liaise with tax and audit teams to support inquiries related to capital expenditures.
Collaborate with the risk team in preparing recoverable cost estimates.
Prepare quarterly accounting memos related to exploration and evaluation capital spend.