Financial Analyst, Material Inventory

Cenovus Energy; Calgary; On-site; CAD 90,000 - 130,000; 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 Energy is seeking a Financial Analyst, Material Inventory to support accurate inventory and PP&E reporting across Upstream Onshore Operations and Capital Projects. You will reconcile balances to the Trial Balance and financial systems, validate inventory reporting, and resolve discrepancies in SAP and related ledgers.

The role focuses on governance, reconciliations, and processes for inventory accounting, including accruals and variance analysis, with collaboration across Supply Chain

Qualifications

• Experience in oil and gas finance and reporting is required.
• Strong accounting knowledge, governance, and controls.
• Excellent communication and stakeholder engagement skills.

Responsibilities

• Support governance, financial oversight, and reporting of inventory and PP&E.
• Reconcile inventory and PP&E balances to trial balance and systems.
• Validate inventory reporting and resolve discrepancies in SAP and related ledgers.
• Develop and maintain inventory accounting processes, reconciliations, and accruals.
• Collaborate with Supply Chain, Project Controls, and Finance teams for accurate reporting.
• Establish and monitor SOX-compliant controls for inventory and material transfers.
• Ensure proper accounting for transportation, refurbishment, project stock and warehouse inventory.

Skills

Accounting

Finance

Upstream operations

Education

Bachelor's degree in Accounting or Finance

Job description

Worker Type: Employee Job Post End Date: 09/05/2026

About this opportunity

Reporting to the Manager, Oil Sands Capital Accounting, the Financial Analyst, Material Inventory supports accurate inventory and Property, Plant & Equipment (PP&E) reporting through strong accounting, governance, reconciliation, and controls.

Working with Operations, Supply Chain, Capital Projects, and Finance teams, this role helps ensure inventory and capital asset information is complete, reliable, and effectively managed across the business.

What you’ll do

Support governance, financial oversight, and reporting of working capital inventory and PP&E materials inventory across Upstream Onshore Operations and Capital Projects.

Reconcile inventory and PP&E balances to the Trial Balance and financial reporting systems, ensuring accuracy and completeness.

Validate inventory reporting and resolve discrepancies across SAP, SCM, FRP, and supporting financial ledgers.

Develop and maintain inventory accounting processes, including reconciliations, physical counts, write-offs, accruals, and variance analysis.

Partner with Supply Chain Management, Project Controls, and Finance teams to ensure inventory is accurately tracked, valued, and reported.

Establish and monitor SOX-compliant controls governing inventory, procurement, accrual, and material transfer processes.

Ensure appropriate accounting treatment of inventory-related costs, including transportation, refurbishment, project stock, warehouse inventory, and material transfers.

Drive continuous improvement, standardization, and enhanced governance of inventory controls, reporting, and capital accrual processes for accountable Oil Sands properties.

Who you are

Our ideal candidate will have the following minimum requirements:

• Legally eligible to work in Canada.
• Minimum of 5 years of experience in the oil and gas industry, with a strong foundation in accounting, finance, and upstream operations.
• Bachelor's degree in Accounting, Finance, or related discipline.
• CPA designation preferred.
• Highly organized, adaptable, and able to manage multiple priorities while delivering results in a fast-paced, deadline-driven environment.
• Strong written and verbal communication skills, with the ability to effectively engage stakeholders at all levels of the organization.
• Experience supporting Upstream Finance functions is considered a strong asset.
• 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 September 4th, 2026.

Cenovus

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.

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

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 we 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.

We’re a Canadian-based integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans. 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. Our shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges.