Manager, Cash Forecasting

Cenovus Energy; Calgary; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Manager for Treasury Cash Forecasting. In this pivotal role, you will deliver accurate cash forecasts to support treasury decisions, manage foreign exchange, and contribute to high-level financial strategies. Your expertise in cash flow forecasting and financial modeling will be essential as you collaborate with senior leadership and business units. This position offers a dynamic environment where your insights will directly influence key financial decisions. If you have a strong background in finance and a passion for strategic planning, this opportunity is perfect for you.

Benefits

Competitive total rewards package

Employee development programs

Diversity and inclusion initiatives

Qualifications

• 12+ years of experience in treasury or corporate finance.
• Strong knowledge of cash flow forecasting and financial modeling.

Responsibilities

• Build and maintain a forecasting model for cash positions.
• Analyze variances between forecasted and actual cash flows.

Skills

Cash Flow Forecasting

Financial Modelling

Communication Skills

Strategic Financial Planning

Education

Bachelor’s Degree in Finance

Chartered Financial Analyst (CFA)

Chartered Professional Accountant (CPA)

Certified Treasury Professional (CTP)

Job description

Worker Type: Employee

Job Post End Date: 05/24/2025

About this opportunity:

The Manager, Treasury Cash Forecasting will play a pivotal role in delivering accurate and actionable cash forecasts to support a broad range of treasury-related decisions including foreign exchange, cash investments, short-term borrowing, intercompany funding, and jurisdictional cash management strategies. This role will also contribute to high-level financial and capital allocation decisions, including share repurchase programs, special dividends, and liability management. Exceptional communication skills are required as this individual will regularly present insights to senior leadership. The successful candidate will have strong knowledge of the oil and gas industry and advanced financial skills to be able to work closely with business units and key stakeholders.

What you’ll do:

• Build and maintain a robust, dynamic forecasting model to project company-wide cash positions by currency and jurisdiction

• Provide key forecasted input to treasury decisions, including FX execution, short-term investment strategy, liquidity planning, and intercompany cash structuring

• Contribute to strategic finance initiatives such as share buybacks, special dividends, liability management, and other capital structuring plans

• Present weekly analysis highlighting key drivers of cash flow changes and providing broader business context

• Reconcile differences between cash forecasts and accrual-based forecasts, ensuring consistency with broader financial planning processes

• Analyze variances between forecasted and actual cash flows, identifying root causes and driving continuous improvement in forecast accuracy

• Support and lead various Treasury initiatives and special projects as assigned by the Senior Manager

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada

• Bachelor’s degree in Finance, Accounting, Economics, or related field

• 12+ years of progressive experience in treasury, accounting, corporate finance, financial planning or related areas

• Strong understanding of cash flow forecasting and financial modelling capabilities is required

• Professional designation such as a Chartered Financial Analysts (CFA), Chartered Professional Accountant (CPA), or Certified Treasury Professional (CTP) 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 May 23rd, 2025.

Internal candidates that are currently in a lower grade will be assessed based on their sustained job performance, how they demonstrate the expected organizational competency behaviors and values and in discussions with their current leader prior to resolving next steps.

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.

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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:

We’re an integrated energy company headquartered in Calgary with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. We’re committed to maximizing value by sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans.

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At Cenovus, we embrace diversity of thought, experience and backgrounds to help us make better business decisions, address our challenges, seize opportunities and unlock innovative solutions. We’re committed to building a diverse, equitable and inclusive workplace where people feel respected, valued and engaged. We strive for a collaborative, physically and psychologically safe environment where you can be yourself, feel a sense of belonging and thrive. For more information, including details on our inclusion and diversity targets and networks, 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