Business Development Associate

Oil Authority; Houston (TX); Hybrid; USD 120,000 - 170,000; Full time

Job summary

Devon Energy is seeking a Corporate Development Professional to deliver rigorous financial analysis supporting M&A and A&D activities. You will build and maintain models (DCF, NAV, accretion/dilution) and help prepare materials for senior leadership and the Board.

Working across finance, strategy, and engineering, you will evaluate opportunities from screening through due diligence, contributing to scalable analytics and deal execution in a fast-paced energy environment.

Qualifications

• Bachelor's Degree in Finance, Engineering, or Business.
• 3+ years in investment banking, private equity, or corporate development.
• Financial modeling experience — DCF, NAV, comps — required.

Responsibilities

• Builds and maintains financial models for acquisitions, divestitures, and mergers (DCF, NAV, accretion/dilution, comps).
• Supports investment materials and transaction presentations for senior leadership and the Board.
• Participates in due diligence, synthesizing inputs into investment-ready analyses.
• Develops analytical infrastructure, templates, and libraries for the Corp Dev team.
• Monitors energy market activity to identify opportunities and inform deal positioning.
• Prepares bid packages, IOIs, and LOIs coordinating with land, engineering, and legal teams.
• Maintains relationships with energy investment banking and advisory professionals.

Skills

Financial Modeling

E&P Valuation

A&D & M&A

Pro Forma

Data Analysis

Mergers and Acquisitions

Education

Bachelor's Degree in Finance, Engineering, or Business

Tools

Enverus

FactSet

Bloomberg

Job description

At Devon, we will offer you a career full of energy and unmatched opportunities to solve today’s greatest challenges. Innovation, creative problem-solving and positive change happen when people step out of their comfort zone and think differently. Our values, workplace practices, wellness programs, benefits and compensation are aimed at helping employees manage their unique personal life and care for their families so they can focus on contributing to the fullest.

The Corporate Development Professional is responsible for delivering rigorous financial analysis to support Devon's M&A and A&D transaction activity. Working under general supervision, the role builds and maintains financial models — DCF, NAV, comparable company and transaction analyses, and pro forma frameworks — that underpin investment decisions across Devon's evolving corporate development mandate. The role supports the full transaction lifecycle from opportunity screening through due diligence and execution, and contributes to building the analytical infrastructure and workflows that enable Devon's Corporate Development team to evaluate and lead deals at scale.

Responsibilities

• Builds and maintains financial models to evaluate acquisition, divestiture, and merger opportunities — including DCF, NAV, accretion/dilution, contribution analysis, and comparable company and transaction frameworks
• Supports preparation of investment screening materials, pro forma financial analyses, and transaction presentations for senior leadership and the Board
• Participates in due diligence processes — synthesizing reserve and engineering inputs, financial data, and counterparty information into investment-ready analysis
• Assists in developing and maintaining the analytical infrastructure of the Corp Dev team, including standardized model templates, comps libraries, and diligence frameworks
• Monitors E&P market activity — public company transactions, A&D deal flow, equity performance, and commodity trends — to identify opportunities and inform deal positioning
• Supports preparation of bid packages, IOIs, and LOIs on A&D transactions, coordinating with land, engineering, and legal counterparts
• Maintains relationships with energy investment banking and advisory professionals to stay current on deal flow and market intelligence
• Collaborates with Finance, Strategy, and Engineering to ensure analytical inputs reflect current operational and financial assumptions

Education

• Bachelor's Degree in Finance, Engineering, or Business required;

Experience

• 3+ years in investment banking, private equity, or corporate development, with meaningful exposure to E&P M&A or A&D transactions
• Demonstrated financial modeling experience — DCF, NAV, comparable analysis — required
• Familiarity with Enverus, FactSet, or Bloomberg preferred

Skills

• Financial Modeling (DCF, NAV, Comps)
• E&P Valuation and Transaction Analysis
• A&D and Corporate M&A Execution
• Pro Forma and Accretion/Dilution Analysis
• Data Analysis & Market Intelligence
• Mergers and Acquisitions

Competencies

• Analytical Rigor
• Business Acumen
• Results Oriented
• Oral & Written Communication
• Active Learning

Qualified applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or other characteristics protected by law.

For more information on Equal Employment Opportunity, please follow these links:
EEO is the Law
EEO is the Law Supplement
Pay Transparency Provision