Crown Royalty Analyst

About this opportunity:

The Royalty Accounting team is seeking a Crown Royalty Analyst to support our Oil Sands Royalty (OSR) and Conventional royalty accounting activities. This role is responsible for applying strong analytical and financial skills to ensure accurate royalty calculation, reporting, and compliance with regulatory requirements. The successful candidate will work cross-functionally with Finance, Operations, and Regulatory teams to support cost analysis, project applications, and ongoing royalty administration, while contributing to process improvements and developing a strong understanding of OSR and conventional royalty frameworks.

What you’ll do:

• Partner with Marketing to ensure accuracy and completeness of downstream data inputs, including sales, diluent, and transportation

• Complete monthly and/or quarterly royalty variance analysis, account reconciliations, and monthly royalty accruals

• Prepare, review, and submit regulatory filings and reports, including Good Faith Estimate (GFE) forms to the Alberta Department of Energy, End of Period Statements (EOPS) for OSR reporting, Cost Analysis and Reporting Enhancement (C.A.R.E.), and other regulatory submissions as required

• Coordinate, prepare (with internal and external input), and submit OSR project applications

• Prepare and submit MRF drilling and completion costs to government and support Gas Cost Allowance (GCA) filings

• Support the Crown Royalty Audit function by providing analysis and supporting documentation, including analysis, coding, and preparation of payment requests for conventional Crown invoices

• Collaborate with Capital and Operating Accounting teams to ensure accurate royalty payable and expense reporting

• Research and interpret legislation, guidelines, and industry publications related to OSR and conventional royalty frameworks, and provide insights and analysis to internal stakeholders (Operations, Finance, Treasury, Investor Relations, Regulatory) while supporting ad hoc projects and process improvement initiatives

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 of 5 years of oil and gas accounting experience; experience in crude oil marketing considered an asset

• Strong proficiency in Microsoft Excel, SAP, and Power BI

• Strong communication, organizational, and interpersonal skills with the ability to work independently and manage competing deadlines

• Working knowledge of Qbyte and Databricks considered an asset

• Understanding of Steam Assisted Gravity Drainage (SAGD) operations, OSR (Oil Sands Royalty) and conventional royalty regulations considered an asset

Note: The application deadline for this position is 11:59 PM MT June 2nd, 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.

If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email careeropportunities@cenovus.com.

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.

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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 $25,000 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.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE, please apply by going to our Internal Career Site.