Corporate Development Analyst

Cenovus Energy; Calgary; On-site; CAD 90,000 - 140,000; Full time

Job summary

Cenovus Energy in Calgary seeks an Analyst to support corporate development through mergers, acquisitions, and divestitures. You will build financial models, assess valuations, and prepare market insights to inform senior leadership and external advisors.

Ideal candidates have 4+ years in finance, corporate development, or equity research, with a strong modelling background. MBA/CFA progress is a plus; the role involves collaboration across Legal, Finance, Tax, and Strategy teams.

Qualifications

• Strong financial modelling foundation including valuation analysis.
• Experience in corporate development, investments, and analytics is preferred.
• MBA and CFA progress are assets.

Responsibilities

• Support live and prospective M&A/divestment transactions across the full project lifecycle.
• Build and use financial models; conduct valuation, accretion/dilution, scenario analysis.
• Analyze financial, operational, market data; provide insights for potential transactions.

Skills

Financial modelling

Valuation analysis

Analytical research

AI-enabled tools

Education

Business/Engineering/Finance/Economics degree

Tools

AI-enabled tools

Data analytics tools

Job description

Worker Type: Employee Job Post End Date: 08/25/2026

About this opportunity

Corporate Development is seeking an Analyst to support a variety of mandates (e.g. mergers, acquisitions, divestments) across all areas of Cenovus’s portfolio including upstream, offshore, midstream, and downstream businesses. This role offers hands‑on exposure to transaction opportunities and close interaction with senior leaders, internal stakeholders, and external advisors. The successful candidate will play an important role in executing live transactions, conducting rigorous financial analysis, and developing relevant market intelligence to support strategic decision-making. This is an ideal opportunity for candidates with a strong financial modelling foundation who are looking to apply their skills in a collaborative, team‑oriented corporate environment.

What you’ll do

• Support live and prospective M&A and divestment transactions across the full project lifecycle.
• Build and use financial models and conduct economic assessments (valuation, accretion /dilution, scenario and project economics).
• Analyze financial, operational, and market data, providing insights for potential transactions.
• Monitor capital markets, macroeconomic trends, and industry developments relevant to Cenovus’s portfolio.
• Coordinate due diligence processes, including Q&A management and virtual data rooms.
• Prepare presentations and project updates for Cenovus leadership, incorporating input from internal stakeholders.
• Work closely with Legal, Finance, Tax, Operations, Strategy, and other teams, maintaining transaction databases and market intelligence to support decision‑making and portfolio value opportunities.

Who you are

• Legally authorized to work in Canada.
• 4+ years’ professional applicable experience in corporate development, operations / engineering, finance, investment banking, or equity research.
• Post‑secondary degree in business, engineering, finance, economics, or a related field is required; MBA and/or progress toward CFA designation is an asset.
• Strong financial modelling foundation, including valuation analysis, with strong quantitative and analytical research capabilities.
• Experience using AI-enabled or data analytics tools preferred.

We acknowledge the value of transferable 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 August 25, 2026

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.

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

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

Total rewards

• 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

Our culture

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

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 $10,000 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.

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.