Athabasca Oil Corporation

Senior Operations Accountant

LocationCalgary, AB
Job TypeFull-time

About This Job


Overview of Athabasca Oil Corporation

Athabasca Oil Corporation (“AOC”) is a unique liquids-weighted intermediate energy producer. At AOC, we proudly and responsibly produce Canadian energy to improve people’s lives. We are passionate, take ownership of our work, get things done and are great at what we do.

Athabasca currently produces 38,500 boe/d with a significant growth program underway. Athabasca has exposure to Canada’s premier resource plays. Thermal Oil boasts >1 billion barrels of top quartile reserves and a deep inventory of future projects. In addition, in December 2023 Athabasca announced the creation of Duvernay Energy Corporation, a private subsidiary company. Duvernay Energy is a unique standalone self-funded entity that offers investors pure-play exposure to the Kaybob Duvernay play and is expected to grow to over 20,000 bbl/d by the late 2020’s. Strategically Athabasca has two companies with independent strategies and capital allocation frameworks.

AOC has positioned itself with strong financial liquidity of ~$455 million (including $335 million in cash), putting it in an enviable position relative to its peers. The company is resilient to commodity price volatility and is expecting to generate ~$1.8 Billion of free cash flow over the next five years. All free cash flow is currently returned to shareholders in the form of share buybacks. The combination of production growth and reduced share count is resulting in industry leading cash flow per share growth. The corporate strategy is to continue to grow our assets, generate significant free cash and provide superior returns to shareholders over the long term. Sustainability is core to the business with strong governance and a commitment to reducing emissions through its technology roadmap.

Athabasca has a track record of transformative projects including JV’s, M&A, royalties, and unique marketing arrangements. AOC offers a dynamic and exciting work environment for the right candidate. AOC is publicly traded on the TSX under the symbol “ATH” with a market capitalization of $3 Billion and was recognized as number one total shareholder returning Energy company over the last three years and the number three company on the entire TSX (across all sectors).


Senior Operations Accountant

We are currently recruiting for a Senior Operations Accountant, reporting to the Manager, Light Oil Finance. The successful candidate brings expertise with operations and joint venture accounting. This deadline driven role is also responsible for preparation of accurate and timely reports tailored to various levels of management. The Senior Operations Accountant works closely with the Light Oil asset team as well as the other Finance groups within AOC. This position is based in Calgary.


Responsibilities

Analyze key performance indicators for operating expenses and prepare a comprehensive analytical review of results, including explanations for variances from budgets and forecasts
Prepare monthly and quarterly reporting for senior leaders and Joint Venture partners
Monthly preparation of accruals for operating expenses for operated and non-operated properties
Yearly operating expense budget preparation, consolidation, and review for Joint Venture and internal budgets
Preparation of monthly excess use entries, prepare and book annual equalizations
Manage Joint Venture responsibilities (Joint Interest Billings, payouts, 13th month adjustments, assist with Audits)
Preparation of cash forecasting and assistance in clearing bank accounts
System super user (Qbyte) including cost center setups and month end process runs
System administration (AFE Nexus) including non-op AFE setup
Account Reconciliations • Special projects as requested


Qualifications

10+ years of operations accounting experience in the oil and gas sector
Experience with liquids rich (Montney/Duvernay) properties would be an asset
Accounting designation preferred (CPA) in conjunction with a related undergraduate degree
Strong ability to analyze and problem solve
High proficiency with Microsoft Excel
Experience with Qbyte would be an asset
A self-starter with a results-driven approach, complemented by excellent communication and interpersonal abilities
Ability to foster a cooperative, results oriented work environment with a mindset for continuous improvement
Ability to manage multiple demands and able to consistently meet deadlines
Must be legally entitled to work in Canada

We would like to thank you in advance for your interest and note that only those selected for an interview will be contacted.


Job Type: Full-time


Benefits:

Dental care
Disability insurance
Employee assistance program
Employee stock purchase plan
Extended health care
Life insurance
On-site gym
Paid time off
RRSP match
Vision care


Schedule:


Monday to Friday


Application question(s):

Do you have an Accounting designation (CPA) in conjunction with a related undergraduate degree?
Are you legally entitled to work in Canada?


Experience:

operations accounting experience in the oil and gas sector: 10 years (preferred)


Work Location: In person

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