Portfolio Management Specialist

Oil Authority; Calgary; Hybrid; CAD 120,000 - 160,000; Full time

Job summary

Cenovus Energy, based in Calgary, is seeking a Portfolio Management Specialist to join the Business Transformation team. You will oversee cost management, monthly reporting, and cross-project dependencies, working under the Director, Business Engagement.

The role emphasizes value delivery, capital allocation, and AI-enabled insights, with a focus on coordinating vendors, RFPs, and portfolio trackers to drive performance and strategic outcomes.

Qualifications

• Legally authorized to work in Canada.
• Bachelor's degree from an accredited university.
• Minimum 12 years’ experience in Project/Portfolio management in oil and gas.
• Extensive program and project delivery and/or capital allocation framework experience.
• Broad knowledge of data platforms/warehouses, ERP systems and AI tools is an asset.

Responsibilities

• Support annual LRP/Budget and monthly forecast development aligned to the portfolio roadmap.
• Approve and monitor invoicing and payment workflows; reconcile monthly actuals and financial tracking.
• Develop and maintain a portfolio-level schedule view with dependencies and milestones.
• Produce a monthly portfolio-level status report.
• Track adherence to the Capital Allocation Framework and input into Investment Committee materials.
• Co-develop and maintain the Business Transformation Value Delivery Framework.
• Liaise with Supply Chain Management and vendors on SOW status and invoice processing.
• Maintain trackers for interfaces, resources, onboarding/offboarding, and RAIDD.

Skills

Portfolio management

Project management

Financial management

Data literacy

Education

Bachelor's degree

Tools

OpenInvoice

SAP

Job description

Worker Type: EmployeeJob Post End Date: 10/01/2026

About this opportunity:

The Portfolio Management Specialist will be part of the broader Business Transformation (BT) team that is a dedicated team within Cenovus, that is accountable for transforming how Cenovus works and making us a more cost competitive organization. We do this with a value first lens and need to be strategic in linking process, data, people, artificial intelligence (AI) and technology together, ensuring dependencies, constraints and scalability are top of mind as we work in a cost and resource constrained environment.

This is an exciting opportunity to be part of the broader Business Transformation team and be accountable for tracking a complex portfolio of projects delivering various outcomes across the business with a focus on value creation and helping make Cenovus a leader in Artificial Intelligence (AI) among our peer group.

This role will supervise a Portfolio Coordinator that assists them in day to day cost management, monthly reporting, team logistics and general support. This role reports to the Director, Business Engagement within the Business Transformation team.

What you'll do:

• Financials: Support annual LRP/Budget and monthly forecast development aligned to the portfolio roadmap. Approve and monitor vendor invoicing and payment workflows in OpenInvoice and SAP. Guide Portfolio Coordinator in reconciling monthly actuals, forecast and detailed financial tracking for the portfolio and individual projects including collaboration with Finance and D&IT to produce standard reports, analyze variances and flag issues.
• Schedules & Dependencies: Develop and maintain a portfolio-level schedule view, including cross-project dependencies, key milestones and constraints, flagging issues to leadership as required.
• Status Reporting: Develop and maintain a monthly portfolio-level status report, consolidating monthly project status reports into a portfolio view.
• Capital Allocation Framework: Track and administer adherence to the Capital Allocation Framework in collaboration with Business Opportunity Managers (BOMs) and the Corporate Investment Appraisal and Portfolio Management (IA&PM) team. Provide input into Investment Committee memo financials, ensuring alignment with portfolio financials.
• Value Tracking: Co-develop and maintain the Business Transformation Value Delivery Framework. Establish fit-for-purpose mechanisms aligned with Cenovus standards.
• Vendor Coordination: Liaise with Supply Chain Management (SCM) for Request for Proposals (RFP), D&IT Vendor Management Office (VMO), and vendors on Statements of Work (SOW) status, document filing, and invoice processing.
• Project & Portfolio Trackers: Maintain trackers for interfaces, resource requirements, onboarding/offboarding, and utilization. Maintain and follow up on portfolio-level Risks, Actions, Issues, Decisions and Dependencies (RAIDD). Prepare decision materials and manage Docusign approvals.

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada.
• Bachelor's degree from an accredited university.
• Minimum 12 years’ experience in Project/Portfolio management preferably in an oil and gas environment.
• Extensive program and project delivery and/or capital allocation framework experience.
• Broad knowledge of data platforms/warehouses, ERP systems, niche applications and/or Artificial Intelligence (AI) tools is 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 September 30, 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. Learn more.

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