Financial Analyst - Keystone Asset

South Bow; Calgary; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading energy company in Calgary is seeking a Financial Analyst to join their internal and external reporting team. The successful candidate will support the Keystone pipeline by preparing financial reports, conducting variance analysis, and ensuring compliance with regulatory requirements. This role offers a unique opportunity to grow within the midstream industry while contributing to the company's financial processes and reporting.

Qualifications

• 5+ years of experience in accounting or financial reporting, preferably in midstream/energy.
• Experience with regulatory reporting requirements like CER and FERC.

Responsibilities

• Prepare and review monthly journal entries for revenues and costs.
• Perform variance analysis and communicate results to stakeholders.
• Prepare regulatory filings related to pipeline assets.

Skills

Analytical Skills

Communication

Organizational Skills

Education

University degree in Business

Canadian Chartered Professional Accountant (CPA)

Tools

Microsoft Dynamics 365

OneStream

Job description

Join to apply for the Financial Analyst - Keystone Asset role at South Bow .

At South Bow, we do one thing, and we do it well : safely moving oil between some of the world’s most critical markets. We’re building our high-performing team with versatile thinkers who thrive on solving big challenges together. If you’re ready for a position where your skills are highly valued and your work is incredibly important, we want to meet you. Bring your talents to a new streamlined energy company, dedicated to operational, commercial and safety excellence as we pursue our critical purpose of delivering the energy people need.

The Opportunity

Reporting to the Manager of Internal and External Reporting, the South Bow Controller team is seeking an experienced Accountant in Calgary to support the company's biggest asset, Keystone pipeline.

The Financial Analyst – Keystone Asset will be a key member of the internal & external reporting team. This is a unique opportunity to join South Bow, which spun off into a public entity in October 2024. This role offers the opportunity to develop an understanding of the midstream industry, contribute to building new processes and perform critical month end close processes in addition to contributing to the analysis of results and regulatory compliance filings relating to the Keystone asset.

What You Will Do

• Responsible for preparing and reviewing monthly journal entries for revenues, property tax, and power costs.
• Maintain and update Keystone Canada and US revenue, EBITDA and variable toll models monthly based on volumetrics and accounting data.
• Work with commercial and internal reporting to ensure accurate reporting and forecasting of results.
• Perform variance analysis on the assets results and communicate results to stakeholders.
• Collaborate with asset management and rates teams to ensure accuracy of results reporting and variable toll calculations.
• Prepare regulatory filings related to pipeline assets including CER and FERC Form 6 and 6-Q filings.
• Build and maintain relationships with various business units and stakeholders to ensure efficiency and accurate gathering of information.
• Support South Bow’s financial reporting processes by assisting with preparation of financial statement note schedules relating to the Keystone assets.
• Communicate with various business units including volumetrics, rates and commercial teams.
• Utilize the new ERP system to book entries, create and document processes, and generate reports for month-end close and reporting activities.
• Perform other ad-hoc journal entries and results analysis for the Company’s operations as required.
• Support ad-hoc reporting processes including legal entity statements and statutory audits.

Minimum Qualifications

• University degree in Business, Commerce, or a related field.
• Canadian Chartered Professional Accountant (CPA) designation.
• 5+ years of experience in accounting, financial reporting, auditing, or a related role, preferably in the midstream / energy industry.

Preferred Qualifications

• Experience with Microsoft Dynamics 365 and OneStream.
• Understanding of the CER and FERC regulatory reporting requirements.
• Self-motivated with a strong analytical skill set and desire to learn and take on new challenges.
• Growth mindset and interest in contributing to the building and improvement of processes.
• Excellent organizational, interpersonal, and communication skills.
• Attention to detail with the ability to perform effectively under tight deadlines with multiple priorities.

To remain competitive, support our high-performance culture and allow for more flexibility in the way we work, we offer a hybrid work model and flexible dress code for our eligible office-based workforce.

About Our Business

South Bow's existing oil & liquids pipeline infrastructure connects Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, Texas and the U.S. Gulf Coast. We remain committed to meeting the energy needs of North Americans today, while advancing our Liquids Pipelines System for the demands of the future. Connecting growing Canadian and U.S. crude oil supply to key markets, leveraging existing assets and seeking new opportunities to continue to provide our customers with access to the destinations they need.

South Bow is an equal opportunity employer and participates in the E-Verify program supervised by the U.S. government.

Learn more

Visit us at SouthBow.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing South Bow in your career search.

• Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and / or ladder.
• Applicants must have legal authorization to work in the country in which the position is based with no restrictions.
• All positions require background screening. Some require criminal and / or credit checks to comply with regulations.
• South Bow is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting [e-mail].

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales
• Pipeline Transportation

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