Cost & JV Analyst, LNG
PetroChina Canada (PCC) is a wholly owned subsidiary of PetroChina Company Limited which is partially owned by China National Petroleum Corporation (CNPC), a state-owned enterprise. CNPC is China's largest oil company and the world's third largest oil company, operating +1 energy-related projects in over 35 countries and regions. PCC has invested billions of dollars in an asset-rich portfolio of upstream, midstream and downstream operations. In Alberta, this includes our MacKay River and Dover oilsands projects, Duvernay Shale Gas and a 50% interest in the Grand Rapids Pipeline. In British Columbia, we hold joint venture interests in the Groundbirch tight gas project and LNG Canada.
PetroChina Canada is recruiting for a Cost & JV Analyst, LNG, to join the Finance & Accounting Team in Calgary.
Reporting to the FP&A Manager, LNG & Groundbirch, the LNG Cost Analyst will work closely with Senior Financial Analyst in supporting the LNG Asset Team. This position’s primary focus will be on LNG operating expenses inclusive of budgeting, forecasting and management reporting as well as monthly accounting and analytical responsibilities. This role will also have ownership over reviewing, processing and accounting for monthly non-operated Joint Interest billings. The incumbent will have a strong accounting base and will leverage that knowledge and understanding of major contracts to develop more in-depth operational reporting analysis and insight. This position will contribute in driving financial analysis within the LNG asset to identify solutions to improve financial and operating performance.
Accountabilities
The accountabilities of this position include, but are not limited to:
Budgeting, cost stewardship & analysis for LNG operations
Lead preparation and validation of annual work program & budget for operating costs. Challenge assumptions from business and operator to ensure accuracy of budgets and alignment with strategic direction,
Ensure sufficient documentation and approval of annual budget along with communication and distribution of approved budget programs to the business units,
Advisor to the business and Finance team on LNG operating costs
Initiate and support monthly forecasts for assigned areas
Monitor operating costs, understanding key cost drivers providing through analysis to identify solutions to improve operating and financial performance,
Develop and maintain detailed operating expenses accrual workbook
Prepare monthly, quarterly, annual and adhoc financial presentations for senior leadership meetings providing insightful variance analysis of actual to plan,
Proactively analyze business performance and key performance metrics to provide analytical, strategic and financial support,
Identify risk, challenges, opportunities in monthly report for senior management,
Work with both business and finance teams to identify and record relevant monthly accounting entries
Coordinate and prepare detailed periodic operating expense reports and key performance indicators, along with other financial information, as required,
Joint interest billing management
Using business insights, and contract knowledge, review and analyze non-operated asset related joint venture billings for accuracy and completeness
Provide accounting for non-operated joint interest billings, working closely with internal stakeholders and operators to resolve any billing related queries
Work closely with Treasury and Transaction Accounting departments to monitor timely payments and refunds related to cash calls and joint interest billings
Establish balance sheet integrity through a comprehensive understanding and governance of relevant balance sheet account balances through complete periodic account reconciliations
Other value add support
Address all queries from HQ and auditors (internal and external) are addressed in a timely manner,
Confirm governance requirements through implementation and compliance with financial controls,
Provide strong support and involvement in the annual external financial audit process,
Contribute to the continual improvement of the Finance team by proactively identifying and sharing process improvement opportunities,
Support the development and maintenance of all documentation for budget management & cost control policies, procedures, standards and templates and updates when necessary for operations;
Subject matter expert of underlying joint venture and other key agreements related to LNG non-operated asset,
Utilize financial, joint venture and contractual skills and knowledge to safeguard the company’s assets, while identifying opportunities to maximize asset value,
Qualifications:
Bachelor’s Degree, from a recognized educational institution, with a major in finance, accounting or business, an acceptable combination of education and experience will also be considered
CPA or similar designation considered an asset
5-8 years relevant operations accounting, management reporting, budgeting, analysis and/or joint venture accounting experience
Minimum of 5 years oil and gas industry experience required
Previous experience supporting LNG operations considered an asset
Working knowledge of IFRS required, with professional accountant designation is an asset,
Track record of operations related opportunity identification, initiative, ownership and resolution
Previous experience with joint venture agreements
Ability to effectively work in a multi-disciplinary team environment, and with individuals at all levels within an organization
Hands-on experience with SAP an asset
Strong interpersonal and communication skills (written and oral); experience in effectively communicating key data, including presentations to both operations management and executive leaders
Keen analytic, organization and problem-solving skills
Confident, detail orientated and enthusiastic team player
Flexible and able to manage multiple priorities simultaneously and meet the time demands of unpredictable activities; capable of handling pressure and challenges in a dynamic business environment
Adoption and demonstration of PetroChina Canada Values (Honorable, Unified, Passionate, Accountable)