Oil Sands Crown Royalty Analyst

Cenovus Energy; Calgary; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Paid vacation

Health & dental benefits

Mental health coverage

Life insurance

Disability benefits

Employee assistance program

Virtual healthcare

Job summary

Cenovus Energy in Calgary is seeking an Oil Sands Crown Royalty Analyst to support royalty obligations calculation, reporting, analysis and administration for one of the company’s largest assets.

The role involves coordinating with Finance, Operations, Regulatory and Treasury, providing insights and building subject matter expertise in Alberta’s oil sands royalty framework while ensuring regulatory compliance and driving process improvements.

Qualifications

• Bachelor degree in commerce/finance or equivalent experience.
• CPA designation considered an asset.
• Minimum 5 years of oil and gas accounting experience.
• Strong Microsoft Office and SAP skills.

Responsibilities

• Prepare, review, and submit regulatory filings and reports to Alberta energy regulators.
• Complete monthly royalty accruals and quarterly variance analysis.
• Analyze financial, operational, and regulatory data to assess royalty impacts.
• Coordinate and submit Oil Sands Royalty project applications to the Alberta Department of Energy.
• Support audit requests and respond to royalty-related inquiries.
• Collaborate with accounting teams to ensure accurate royalty reporting.
• Research royalty legislation and translate requirements into actionable insights.
• Build relationships with stakeholders across Operations, Finance, Regulatory and external groups.
• Identify opportunities to improve processes, controls, and data analysis.

Skills

Oil sands royalty accounting

Regulatory reporting

Analytical thinking

SAP

Problem solving

Education

Bachelor of Commerce (Accounting or Finance)

CPA designation

Tools

Energy Components (EC)

Job description

Worker Type: Employee
Job Post End Date: 09/12/2026

About this opportunity

The Royalty Accounting team is seeking an Oil Sands Crown Royalty Analyst to support one of Cenovus' largest and most strategically important assets. This highly visible role is responsible for the calculation, reporting, analysis, and administration of material oil sands royalty obligations and provides exposure to senior leadership and stakeholders across Finance, Operations, Regulatory, and Treasury. The successful candidate will possess a strong analytical mindset, intellectual curiosity, and a passion for solving complex business and regulatory challenges. This role offers an excellent opportunity to develop deep expertise in the Alberta Oil Sands Royalty framework while contributing to critical business decisions, ensuring regulatory compliance, and supporting continuous improvement initiatives. We are seeking an individual who is motivated to grow their expertise, build long-term value within the organization, and develop into a trusted subject matter expert.

What you'll do

• Prepare, review, and submit regulatory filings and reports to the Alberta Department of Energy, including the monthly Good Faith Estimate (GFE), annual End of Period Statement (EOPS), Cost Analysis and Reporting Enhancement (C.A.R.E.) reporting, and other regulatory submissions as required.
• Complete monthly royalty accruals and quarterly royalty variance analysis, identifying key drivers and providing meaningful insights to stakeholders.
• Analyze complex financial, operational, and regulatory information to assess royalty impacts, investigate variances, and support business decision-making.
• Coordinate, prepare (with internal and external input), and submit Oil Sands Royalty project applications to the Alberta Department of Energy.
• Assist the Audit Coordinator in responding to audit requests and supporting royalty-related queries.
• Collaborate with Capital and Operating Accounting teams to ensure accurate and timely royalty payable and expense reporting.
• Research and interpret royalty legislation, regulations, policy updates, and industry developments, translating complex technical requirements into practical business insights and recommendations.
• Build and maintain effective relationships with stakeholders across Operations, Finance, Treasury, Regulatory and external industry groups.
• Support continuous improvement initiatives by identifying opportunities to enhance processes, controls, reporting, and data analysis capabilities.

Who you are

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada.
• Bachelor of Commerce (Accounting or Finance) or equivalent experience; CPA designation considered an asset.
• Minimum 5 years of oil and gas accounting experience.
• Strong Microsoft Office and SAP skills.
• Functional knowledge of Energy Components (EC) would be considered an asset.
• Highly analytical with strong problem-solving skills and the ability to evaluate and interpret complex financial and regulatory information.
• Demonstrated intellectual curiosity and a desire to develop deep subject matter expertise in oil sands royalty accounting and regulatory compliance.
• Comfortable presenting complex information and explaining analyses, impacts, and recommendations to senior leaders and stakeholders.
• Proven ability to collaborate effectively across multidisciplinary teams and influence outcomes through strong partnerships.
• Understanding of Steam Assisted Gravity Drainage (SAGD) operations and/or Oil Sands Royalty regulations would be considered an asset.

Note: The application deadline for this position is 11:59 PM MT September 11, 2026.

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.