Financial Analyst

About this opportunity:

The Upstream Financial Accounting & Analysis Conventional Capital Accounting team is seeking a highly motivated individual who thrives in a dynamic, collaborative environment. This role offers the opportunity to partner with members across Finance, Accounting and the broader organization. The Conventional Capital Accounting team acts as a strategic finance partner supporting Conventional asset development, capital and innovation projects, Upstream Decommissioning Liabilities and Conventional Acquisitions & Divestitures (A&D).

This position will play a key role in providing financial stewardship for Conventional Capital projects by ensuring accurate recording, analysis and reporting of expenditures. Core responsibilities include advising on accounting treatment, managing accruals, tracking project activities and performing variance analysis. The Financial Analyst role may also provide support in related areas such as Upstream Decommissioning Liabilities and Conventional A&D.

What you’ll do:

• Ensure accurate governance and stewardship of Conventional Capital financial reporting, maintaining compliance with internal policies and accounting standards.

• Provide guidance on appropriate accounting treatment, including distinguishing between capital and operating expenses to support informed business decisions.

• Collaborate with business teams to set up and review cost centers, work breakdown structures (WBS) and steward workflows, ensuring accurate project tracking and reporting.

• Prepare, review and analyze monthly capital accruals, journal entries and account reconciliations for timely and accurate financial records.

• Review financial records for accuracy and completeness, identifying and resolving discrepancies as needed.

• Perform monthly cost and variance analysis, providing clear explanations for spending trends and variances against budget and forecast.  

• Support monthly performance management reporting, delivering insights on projects and capital performance.

• Provide detailed information to financial statement preparers for areas of accountability and assist with quarterly financial statement reviews.

• Collaborate with tax, joint venture and audit teams to respond to inquiries, support audits for compliance with regulatory and corporate requirements.

• Draft quarterly accounting memos to document accounting decisions.

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada

• CPA designation required.

• Minimum 5 years of relevant experience in financial or management accounting with strong knowledge of financial and accounting practices, including IFRS.

• Experience in the Oil & Gas industry is considered an asset.

• Working knowledge of SAP and a demonstrated ability to quickly learn new systems and processes is considered an asset.

We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

Note: The application deadline for this position is 11:59 PM MT November 28, 2025.

Cenovus was ranked one of Canada’s Best Employers in 2025. We’re committed to being an employer of choice in our industry by offering a competitive total rewards package and employee programs and rewarding career development opportunities. Learn more.  

If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email [email protected].

Who we are:

Ranked as one of Canada’s Best Employers in 2025, Cenovus is an integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner. We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.

Find Cenovus on LinkedIn, Facebook and Instagram. 

The Cenovus experience

Total rewards

We’re committed to being an employer of choice through competitive compensation and our comprehensive total rewards package, including:

• Paid vacation (including a flex day program for eligible staff)

• Health & dental benefits

• Substantial mental health coverage

• Life insurance

• Disability benefits

• Employee family assistance

• Virtual healthcare coverage

Our development philosophy

We foster a culture of continuous learning and development to support employees as they build meaningful careers. We offer a variety of employee development initiatives, including:

• Internal course offerings

• Education assistance for additional development

• Opportunities to work on special projects

• Leadership development programs for emerging and established leaders

We actively promote internal job movement, recognizing the value of gaining new perspectives, building connections across teams, and applying expertise in new ways. As a fully integrated energy company, we believe that sharing knowledge across our business and operations creates stronger outcomes—for employees and for the company as a whole.

Our culture

• Our purpose: We energize the world to make people’s lives better.

• Our values:

  • Protect what matters

  • Do it right

  • Make it better

  • Do it together

• Cenovus Cares: We believe in the power of purpose-driven work. Our Employee Giving and Volunteering Program, Cenovus Cares, connects our people to our purpose, inspiring action and elevating impact year-round.

  • Support causes you care about with volunteer opportunities in and outside of work.

  • Earn donation grants while volunteering (up to $1,000 per event).

  • Receive donation matching up to $25,000 annually.

• Staff resource groups: We have various staff resource groups to help ensure our people feel a sense of belonging and can grow and do their best work. These voluntary groups are employee-led and all groups are open to all staff in all locations.

Equal opportunity employer

We believe a workplace where everyone has merit-based opportunities to grow, achieve career aspirations and feel a sense of belonging benefits our people, our company and the regions where we live and work. We embrace and encourage different perspectives and approaches, which help us make better business decisions. We believe that through this approach, we can solve challenges, seize opportunities and unlock innovative solutions.

To achieve an unbiased and respectful workplace, individuals are evaluated based on qualifications, merit and abilities, and we encourage applications from all qualified candidates. We also acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

For more information about working at Cenovus, visit cenovus.com.

The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE, please apply by going to our Internal Career Site.