Cost Analyst

Oil Authority; Calgary; On-site; CAD 80,000 - 110,000; Full time

Benefits offered by this job

Paid vacation

Health & dental benefits

Mental health coverage

Life insurance

Disability benefits

Employee family assistance

Virtual healthcare coverage

Job summary

Cenovus is seeking a Cost Analyst to support the Well Delivery Program Management team in Calgary. You will ensure cost accuracy, track and analyze costs at the AFE and job level, and support financial reporting.

The role emphasizes data-driven cost control, process improvement, and collaboration with finance, SCM and field teams. The ideal candidate has 2+ years in oil and gas, proficiency in SAP and Excel, and exposure to data tools.

Qualifications

• Diploma or degree in Accounting, Finance, Computer Science, or a related field.
• 2+ years of oil and gas experience; cost control, project accounting or financial operations is preferred.
• Understanding of procure-to-pay processes and cost reconciliation.
• Experience in SAP and Microsoft Excel.
• Exposure to modern data tools.

Responsibilities

• Maintain cost accuracy and support AFE/job-level cost tracking and analysis.
• Manage an assigned portfolio of Well Delivery work tickets and lead follow-up activities.
• Review vendor/contractor invoices for accuracy and compliance at scale.
• Prepare reconciliations between SAP and Wellview/Siteview for forecasting and cost reporting.
• Deliver cost and performance reporting to drilling, completions, earthworks and production teams.
• Analyze monthly operating expense data and maintain inventory tracking.
• Identify process improvements through data-driven analysis.

Skills

Detail-oriented

Analytical

Organizational

Communication skills

Education

Diploma or degree in Accounting, Finance, Computer Science, or related field

Tools

SAP

Microsoft Excel

Job description

About this opportunity:

The Cost Analyst supports the Well Delivery Program Management team by ensuring cost accuracy and providing cost tracking and analysis at the Authorization for Expenditure (AFE) and Job level. This role is responsible for maintaining and enhancing work ticket verification processes, validating vendor and contractor invoices, supporting financial reporting, and performing cost reconciliations. Working collaboratively with Well Delivery teams, Supply Chain Management (SCM), and Finance, the Cost Analyst helps maintain financial accuracy, and improve process efficiency. The ideal candidate is detail-oriented, technologically proficient, and capable of working independently while demonstrating strong analytical, organizational, and communication skills.

What you’ll do:

• Maintain and enhance work ticket verification processes through automation to monitor AFE and job-level cost performance
• Independently manage an assigned portfolio of Well Delivery work tickets and lead responses and follow-up activities for the function
• Leverage data tools to review and validate vendor and contractor invoices for accuracy and compliance at scale, resolve discrepancies, and support contractor accounts payable inquiries
• Prepare portfolio reconciliations between SAP and Wellview/Siteview to support forecasting, accruals, and cost reporting
• Deliver cost and performance reporting to Drilling, Completions, Earthworks, and Production execution teams
• Compile and analyze monthly operating expense performance data, verify material transfers and maintain accurate inventory tracking
• Identify and implement process improvements through data-driven analysis to enhance accuracy, efficiency, and cost control

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada
• Diploma or degree in Accounting, Finance, Computer Science, or a related field
• 2+ years of experience in oil and gas. Cost control, project accounting, or financial operations experience would be preferred
• Understanding of procure-to-pay processes and cost reconciliation
• Experience in SAP and Microsoft Excel
• Exposure to modern data tools

The following will be considered an asset:

• Education or coursework in Data Analytics, Information Systems, or a related discipline
• Experience with large language models (LLMs), Databricks, SQL, Python, or data visualization tools
• Familiarity with process automation, scripting, and financial workflows
• Experience with PDF data extraction and data processing tools

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 1, 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.

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 [e-mail].

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 $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.

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.