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Royalty Compliance Consultant

Freehold Royalties Ltd

Calgary

Hybrid

CAD 65,000 - 85,000

Full time

2 days ago

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Job summary

Freehold Royalties Ltd is seeking a Royalty Compliance Consultant to ensure adherence to lease agreements in Calgary. This role emphasizes thorough analysis, problem-solving, and coordination with partners within the oil and gas sector. Candidates should showcase strong technical skills and familiarity with industry practices, joining a committed team in a hybrid work environment.

Benefits

Hybrid Work Program

Diversity and Inclusion commitment

Qualifications

Experience in an accounting role related to oil and gas.
Understanding of PNG lease terms in relation to offsetting production.
Strong proficiency in data analysis.

Responsibilities

Analyze and track offsetting production against Freehold lands.
Issue and monitor offset notices and royalty billings.
Collaborate with industry partners to resolve discrepancies.

Skills

Technical skills

Analytical skills

Problem-solving

Attention to detail

Communication skills

Education

Two or more years of oil and gas experience

Tools

Qbyte

Excel

CS Explorer

Geoscout

Energylink

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Royalty Compliance Consultant (1 year, 40 hours per week)

Freehold is seeking candidates for the position of Royalty Compliance Consultant, reporting to Team Lead, Compliance. This position provides support to our Royalty Compliance Department to ensure compliance with the terms of our lease and contractual royalty agreements.

The ideal candidate will play a key role in the identification and management of lease offset obligations, analyzing royalty payments for correctness and providing critical support for the production accrual process, including ensuring accuracy of project masters. Full circle accountability from issue identification, tracking and communication with industry partners is essential.

Duties and Responsibilities

Identification of offsetting production adjacent to our Freehold lands;
Analysis of obligations of Lessee under governing Freehold leases in relation to offsetting production;
Issuance and tracking of offset notices and required compensatory royalty billing to industry partners;
Support in resolving disputes regarding offsets with industry partners;
Review and analysis of royalty payments and resolving discrepancies from expected royalty amounts with industry partners, along with analyzing compliance with terms of governing lease or contract;
Identifying and resolving non-payment of royalties with industry partners;
Work closely with cross-functional team of land and compliance professionals to ensure consistency and accuracy of work outflows.

Qualifications:

Two or more years of oil and gas experience in an accounting role, with exposure to Land administration including a strong understanding of PNG lease terms, especially in relation to offsetting production obligations;
Experience with Freehold and Gross Overriding Royalties in the WCSB along with pertinent governmental spacing regulations;
Strong technical/analytical skills with an ability to analyze a high volume of data;
Exceptional problem-solving, with an attention to detail, thoroughness and accuracy;
Strong computer proficiency - specifically with Qbyte, Excel, Word, CS Explorer, Geoscout and Energylink;
Excellent oral and written communication skills.

Additional Requirements:

All applicants must be legally entitled to work in Canada at the time of application.

Hybrid Work Program:

We currently have a hybrid work program in place allowing us to live, learn and adapt in a way that works for our business and our employees. Our hybrid work program is a combination of in-office and remote work: Tuesday, Wednesday, Thursday are core in-office workdays, Monday and Friday in-office or remote based on your preference.

Equity, Inclusion and Diversity:

Committed to attracting and retaining diverse employees and consultants, Freehold Royalties will honor your experiences, perspectives and unique identity. Together, we strive to create and maintain a working environment that is welcoming and promotes diversity of thought, inclusivity and equity.

We thank all applicants; however, only those selected for an interview will be contacted.

Seniority level

Seniority level
Entry level

Employment type

Employment type
Contract

Job function

Job function
Administrative and Accounting/Auditing
Industries
Oil and Gas

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