Director, Operations Accounting

Saturn is a returns-driven Canadian energy company focused on the efficient, responsible and innovative development of high-quality, light oil weighted assets, supported by an acquisition strategy targeting accretive and complementary opportunities. The Company’s portfolio of free cash flowing, low-decline operated assets in Saskatchewan, Alberta and Manitoba provide a deep inventory of long-term economic drilling opportunities across multiple zones. With an unwavering commitment to building an entrepreneurial culture, Saturn’s goal is to increase per share reserves, production and cash flow at an attractive return on invested capital. We proudly integrate the protection of the environment, ethical and fair treatment of our employees and stakeholders, and strive to be at the forefront of what it means to be a good corporate citizen.
Saturn is seeking a full-time
Director, Operations Accounting
for our Calgary, Alberta office. Reporting to the Chief Financial Officer, the Director, Operations Accounting leads accounting for the Company's upstream oil and gas operations and oversees an Operations Accounting group of 20+ professionals across operations, capital, royalty, joint venture and master data accounting. The role manages the monthly accounting cycle, ensures complete and accurate operating results and provides financial insight to operational leaders. Working closely with Operations, Production, Marketing, Joint Venture, Land, Finance and other accounting functions, the Director, Operations Accounting maintains effective processes and controls. This high-visibility position offers direct exposure to acquisitions and the opportunity to shape the function as the Company grows.
Key ResponsibilitiesAccounting Operations
Lead the monthly operations accounting close, ensuring production, operating revenues, expenses, accruals and allocations are recorded accurately, and aid in the analysis of material variances to budget, forecast and prior periods working closely with the FP&A group.
Assess and communicate the financial impact of changes in production, field activity and operating plans to management.
Oversee the Capital Accounting group, including capital budget analysis, accruals, cost-to-date reporting and AFE review.
Oversee the Royalties group inclusive of operations within Saskatchewan, Alberta and Manitoba with a focus on Crown, freehold and mineral taxes.
Oversee Joint Venture Accounting group for operated and non-operated properties, including ownership, billing and cost allocation matters.
Apply joint operating agreements, land agreements, accounting procedures and commercial terms to operating costs and allocations.
Lead inbound and outbound joint venture audits and support the year-end external audit.
Oversee the Master Data group for ongoing operations and lead the accounting integration of acquisitions and dispositions.
Ensure appropriate accounting treatment and classification of operating, capital, processing, transportation and other costs associated with producing assets.
Partner with Marketing, Land, Joint Venture and Finance to address commercial arrangements, expenditure classification, agreement interpretation and accounting.
Resolve accounting issues arising from field activity, vendor invoices, ownership changes and commercial arrangements.
Support, monthly and quarterly and reporting including operating, capital, royalty and netback disclosures.
Leadership
Lead, coach and develop a 20+ person organization through group leads in Operations, Capital, Royalties, Joint Venture and Master Data, including hiring, succession planning and performance management.
Set priorities and allocate work to achieve monthly, quarterly and annual deadlines.
Provide technical guidance on complex or non-routine operational accounting matters.
Promote accuracy, accountability, responsiveness, collaboration and continuous improvement.
Assess team capacity and capability and adjust processes or resources to support operational and reporting needs.
Candidates for this position will possess the following qualifications and competencies:
CPA designation and a post-secondary degree in accounting, finance, business or a related discipline.
10+ years of progressive accounting experience, including significant upstream oil and gas operations accounting experience and 5+ years leading multi-group teams.
Strong working knowledge of CAPL Operating and Accounting Procedures, PJVA agreements and PASC guidelines inclusive of gas handling and processing agreements.
Working knowledge of Crown and freehold royalty regimes in Saskatchewan, Alberta and Manitoba.
Strong working knowledge of Qbyte FM or a comparable oil and gas ERP;
experience with CS Explorer, ProdView, EnergyLink and AFEnav considered an asset.
Strong knowledge of operations accounting, month-end reporting, accruals, allocations and reconciliations.
Experience with operated and non-operated properties, joint venture accounting, operating cost analysis and audit support.
Experience integrating acquired properties considered an asset.
Strong analytical, problem-solving, communication and relationship-management skills.
Advanced Excel skills.
Saturn’s people drive our success. We offer an inclusive work environment where we embrace a diversity of people, thinking and ideas and a culture that supports personal and professional development. We want to thank all applicants for their interest in this role, however, only those considered for interviews will be contacted.
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